Business Financial News

17.06 / 17:01

business Technology European Union Deal Hungary blocks EU deal on 15% minimum corporate tax

Hungary has blocked an EU directive that would impose a 15% minimum tax on multinational corporations, arguing the levy would deal a "low blow" to European competitiveness and endanger jobs.

17.06 / 16:09

business regulation Asia Withdrawals Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.

17.06 / 15:39

business European Union Polish women 'risk being spied on, controlled and possibly punished' over 'pregnancy register'

Polish women are at risk of being spied on, controlled and possibly punished, it's been claimed, after the government created what critics are calling a "pregnancy register".

17.06 / 14:37

business Adoption Binance defi Bear market no issue for Binance Labs’ DeFi incubation program

Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.

17.06 / 08:11

business Ethereum Investments Bitcoin Terra Classic Mark Cuban says crypto crash highlights Warren Buffett's wisdom

Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett.

17.06 / 06:51

markets business Investments stocks 126% return for stock market short-sellers who smelled blood in crypto waters

Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data.

17.06 / 05:22

business Taxes Bitcoin Portfolio in the red? How tax-loss harvesting can help stem the pain

Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax.

16.06 / 22:15

business Blockchain Art Adoption Swiss Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

Watchmaker TAG Heuer has partnered with the well-known nonfungible token (NFT) community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live.

16.06 / 17:21

markets business cryptocurrency Stablecoin Firm behind popular US dollar stablecoin to launch Euro Coin

Cryptocurrency company Circle said Thursday that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month.

16.06 / 16:01

business Stablecoin Circle Euro Backed Circle launches euro-backed stablecoin EUROC

USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.

16.06 / 13:59

business Binance regulation open Kazakhstan to let crypto exchanges open bank accounts

In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of Astana International Finance Centre.

16.06 / 13:59

business Blockchain Adoption Bitcoin ‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels.

16.06 / 12:35

business Blockchain defi Investments freeze Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat.

16.06 / 09:17

business Law lending YouTube class action BitBoy founder threatens class action lawsuit against Celsius

Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class action lawsuit against the lending platform and its chief executive.

16.06 / 05:45

business Blockchain Stablecoin Tether Time Total supply of stablecoins dropped sharply for first time ever in Q2

The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as a result of “short-term liquidity and concerns about insolvency that were not present during the panic of 2020," according to data analytics firm Coinmetrics.

16.06 / 04:41

business Blockchain Adoption Investments True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund

Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market.

16.06 / 01:29

business Donations Job Ukraine-based blockchain firm announces 'we're still hiring' amid market downturn, war

Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country.

16.06 / 00:39

business Blockchain Ethereum Adoption Ankr partners with Optimism to provide a fast and reliable RPC service for users

Ankr, a company that provides one-click node deployment and Web3 infrastructure, has announced that it will become a remote procedure call provider for Optimism.

16.06 / 00:09

business Blockchain Adoption DLT Financial Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain

Vitalik Buterin, co-founder of both Ethereum & Bitcoin Magazine, took to Twitter to share his thoughts on non-financial use-cases for blockchain technology.

16.06 / 00:09

business Blockchain Adoption security vulnerability MetaMask warns of security vulnerability from older versions of popular crypto wallet

On Wednesday, MetaMask said that it uncovered a critical security vulnerability in older versions of its crypto wallet with the help of security researchers at Halborn. The security firm was awarded a bounty of $50,000 for the discovery.

15.06 / 21:03

business Blockchain Kraken Kraken reiterates hiring targets as CEO denounces 'woke activists' in corporate culture

On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amidst a market downturn. The company's hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said:

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