Business Financial News
20.06 / 17:11
business
Stablecoin
Bitcoin
Record stablecoin market share points to crypto upside: JPMorgan
The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase.
20.06 / 16:15
business
Blockchain
Stablecoin
investigation
South Korean prosecutors ban Terra employees from exiting the country: report
Terra (LUNA) employees are reportedly unable to leave South Korea as the country's prosecutors imposed a departure ban on key developers of the project.
20.06 / 13:19
business
Adoption
regulation
analyst
Crypto lending can still survive bear market, analyst says
The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts.
20.06 / 12:59
business
Stablecoin
World
Bitcoin
Crypto industry fears contagion as bitcoin slips under $20,000
The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.
20.06 / 09:43
business
Blockchain
Liquidity
SBF and Alameda step in to prevent crypto collapse contagion
Sam Bankman-Fried’s (SBF) Alameda Research is “stepping in” to prevent further contagion across the crypto sector during the current bear market.
20.06 / 00:11
business
Adoption
education
Bitcoin
Future
From games to piggy banks: Educating the Bitcoin ‘minors’ of the future
The crypto winter is here. It’s a trying time as prices grind down, but it’s the best moment to build and learn. For some Bitcoiners, the bear market is a time to plant trees or create memes. For those with kids, it’s a welcome recess used to broaden the minds’ of Bitcoin (BTC) minors.
19.06 / 11:51
19.06 / 08:19
business
Blockchain
Adoption
data
BIS to launch market intelligence platform amid stablecoin, DeFi collapse
The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).
18.06 / 11:33
business
Technology
Amazon
Murder
Dom Phillips: bodies of UK journalist and Brazilian expert identified
Human remains discovered in the Amazon rainforest were identified Friday as the missing British journalist Dom Phillips and Brazilian expert Bruno Pereira.
18.06 / 11:33
business
Technology
Simba the lion: Abandoned cub victim of Russian wildlife trade begins new life in Italy
A young lion is beginning a new life at a wildlife sanctuary in Italy after being found abandoned as a cub in Russia — a reminder, according to the charity that helped save him, of the trade in wildlife.
18.06 / 09:31
markets
business
cryptocurrency
Withdrawals
Crypto lending platform Babel Finance halts withdrawals citing ‘liquidity pressures’
Amid bearish market sentiments, cryptocurrency lending platform Babel Finance has announced that it was halting withdrawals as it was facing “unusual liquidity pressures.”
18.06 / 08:41
business
Blockchain
Stablecoin
Dollar
Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926 in just three hours.
18.06 / 00:53
business
Stablecoin
regulation
coinbase
class action
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.
18.06 / 00:09
business
Tether
coinbase
Bankruptcy
Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest threat was contagion. As the dust began to settle, we finally got a glimpse of who was left holding the bag. Crypto lender Celsius and Singapore-based venture firm Three Arrows Capital suffered heavy losses during the debacle. These firms, once a staple of the budding crypto industry, now risk demise following weeks of massive selloffs in the market.
17.06 / 20:13
business
Technology
Returns
Training
Ukraine war: Boris Johnson returns to Kyiv with pledge of new military training programme
British Prime Minister Boris Johnson was in Kyiv again on Friday, a surprise visit that comes a day after four European Union leaders visited.
17.06 / 20:13
business
Technology
Putin attacks 'reckless and insane' Western sanctions and denies Russia stoking inflation
Russian President Vladimir Putin said on Friday that Russia's offensive in Ukraine had no influence on global economic difficulties, including energy price rises, instead blaming the West.
17.06 / 19:47
business
Adoption
Bitcoin
Russia seems to be preparing to mine Bitcoin with flare gas
The Russian government continues establishing links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments.
17.06 / 19:47
business
Venture Capital
BTC Markets
Terra
Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report
Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.
17.06 / 18:23
business
Government
Adoption
Binance
Crypto's uses and misuses: Binance-Reuters quarrel raises questions
Crypto exchange Binance has courted controversy almost from its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke U.S. securities rules in launching its digital tokens. Meanwhile, on the same day, Reuters published a scathing 4,700-word “special report” titled “How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers.”
17.06 / 18:23
business
FTX plans to acquire crypto exchange Bitvo as part of move into Canadian market
Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canada-based crypto platform Bitvo.
17.06 / 17:45
business
Technology
Analysis: A quick look at France's legislative elections
France will head to the polls this weekend to vote in the second round of legislative elections with a possible threat to President Emmanuel Macron’s majority in parliament.
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