Business Financial News

15.06 / 20:03

business coinbase Gemini FINRA FINRA may hire employees terminated from crypto firms: Report

The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up employees recently terminated from crypto companies.

15.06 / 16:47

business Adoption regulation Deal Russian bank Sber to complete its first digital currency deal

Russian banking giant Sber — formerly known as Sberbank — is preparing to soon complete its first digital currency deal involving the bank’s proprietary digital asset platform.

15.06 / 16:31

markets business cryptocurrency Bitcoin Low Bitcoin falls to fresh 18-month low as crypto meltdown deepens

Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals.

15.06 / 16:31

markets business cryptocurrency Bitcoin Crypto hedge fund Three Arrows Capital addresses liquidation rumours

Cryptocurrency hedge fund Three Arrows Capital said on Wednesday it was committed to working things out, seemingly addressing social media chatter that it is facing liquidation issues.

15.06 / 13:49

business Blockchain Tether Bitcoin Lawyers Celsius reportedly seeks advice from lawyers on restructuring

Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm's financial woes.

15.06 / 13:21

business Tether Banks Tether aims to decrease commercial paper backing of USDT to zero

The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT).

15.06 / 10:39

business Law Investments Gaming Deal Legal battle avoided after YGG and Merit Circle DAO agree to a deal

A potential legal battle has been prevented between the Merit Circle decentralized autonomous organization’s (DAO) backing company Merit Circle Ltd and Yield Guild Games (YGG) after the organizations reached a deal after the DAO originally voted to remove YGG.

15.06 / 09:17

business Blockchain defi lending Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency

Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.

15.06 / 00:37

business Blockchain Technology Adoption ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace

On Tuesday, Romania's National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System.

14.06 / 16:41

business coinbase Job Bitcoin Crypto exchange Coinbase slashes staff by 18% amid bear market

Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a "difficult decision" to reduce the size of the Coinbase team by about 18% due to a starting economic recession.

14.06 / 16:41

business Adoption Binance Bitcoin Binance aims to become a super app with Splyt crypto partnership

The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency.

14.06 / 13:58

business Adoption Taxes Bitcoin Taxes of top concern behind Bitcoin salaries, Exodus CEO says

Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.

14.06 / 09:33

business virtual reality Metaverse Launch ZED RUN founder envisions user narrative-driven Metaverse

Chris Laurent, the founder of the popular-digital horse racing game ZED RUN, envisions a future where people will spend their free time developing their own unique narratives within the Metaverse.

14.06 / 05:41

business cryptocurrency Ether Bitcoin crypto market cap Cryptocurrency Prices Today June 14: Bitcoin and Ether down nearly 18%, crypto market cap slips below $900 billion

Major cryptocurrencies traded in the red early on June 14 as the global crypto market cap declined 13.74 percent to $895.36 billion over the last day. On the other hand, the total crypto market volume jumped 60.75 percent to $149.45 billion over the last 24 hours.

14.06 / 00:33

business education Universities US trademark filing hints at Arizona State University planning classes in the metaverse

One of the largest public universities in the United States by enrollment may be planning to launch virtual classes in the metaverse in the future.

13.06 / 20:47

business Binance Withdrawals Binance resumes withdrawals as many retail crypto investors monitor exchanges

Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility.

13.06 / 20:27

business Stablecoin Binance Terra Usd Bitcoin Binance U.S. exchange sued by crypto investor over stablecoin collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin's collapse in value last month.

13.06 / 16:34

business Binance transactions Bitcoin Suspends Withdrawals Binance suspends Bitcoin withdrawals: CZ says funds are 'SAFU'

Crypto’s Black Monday continues to wreak havoc. Changpeng Zhao, the CEO of crypto exchange Binance, tweeted that there would be a temporary pause on Bitcoin (BTC) withdrawals.

13.06 / 15:25

business Technology cryptocurrency Bitcoin network Withdrawals Bitcoin slides after crypto lender Celsius Network freezes withdrawals

Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, in the latest sign of how financial market turbulence is causing distress in the cryptosphere.

13.06 / 15:09

business Adoption Tesla Bitcoin In this together: Musk and Saylor down a combined $1.5B on Bitcoin buys

As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly traded companies. They are down by almost $2 billion dollars on their Bitcoin buys.

13.06 / 14:51

business Stablecoin Tether Bitcoin reserves Tether: Celsius crisis has no impact on USDT reserves

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.

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