Business Financial News

10.06 / 12:23

business Blockchain Adoption Binance network Anchorage forms custody network with five crypto exchanges

Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults.

10.06 / 06:07

business Marketplace Alibaba Cloud launches NFT solution… then quickly memory holes it

The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online.

10.06 / 04:45

business Sport marketing partnership Deal Supply chain thwacking: VeChain's $100M sponsorship deal with UFC

Blockchain logistics firm the VeChain Foundation has signed a multi-year marketing partnership with the Ultimate Fighting Championship (UFC) worth nearly $100 million, becoming the UFC’s first-ever Layer 1 blockchain partner.

09.06 / 16:19

business Blockchain Technology Adoption regulatory Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations

The crypto market is growing at a rapid pace, with governments and various regulatory bodies actively trying to study and keep up with the growth.

09.06 / 16:15

business Adoption Polygon airbnb Polygon taps Airbnb’s director of HR to spearhead its decentralized workforce

Ethereum layer-2 scaling solution Polygon (MATIC) has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company's 500-employee global workforce.

09.06 / 15:45

business Blockchain Binance Asia Crypto exchange Binance seeks critical licenses in Philippines, CEO says

Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm's operations within the Philippines.

09.06 / 08:47

business Blockchain Terra Luna Terra Unsustainable Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate

Anchor protocol was originally designed to offer an interest rate of 3.6% but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC.

09.06 / 08:33

business Blockchain virtual reality augmented reality 'Father' of the Metaverse Neal Stephenson launching Metaverse blockchain

Neal Stephenson, the author who coined the term “Metaverse” 30 years ago is launching a Metaverse-focused blockchain project called LAMINA1.

08.06 / 21:53

business Funding Venture Capital DAO ‘Data DAO’ Delphia raises $60M Series A led by Multicoin Capital

Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO).

08.06 / 17:51

business Blockchain Adoption MasterCard Edge announces confidential no-KYC digital currency Mastercard

On Wednesday, self-custody crypto exchange Edge announced a no-Know Your Customer (KYC) debit Mastercard that can be funded with Bitcoin and other digital currencies.

08.06 / 16:57

business Government Blockchain US central bank digital currency commenters divided on benefits, unified in confusion

In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation.” The comment period for the paper ended May 20, with the Fed receiving over 2,000 pages of comments from individuals alongside responses from leading stakeholders.

08.06 / 16:51

business European Union Deal EU strikes deal to impose 40% quota for women on boards of large companies by 2026

The European Union has agreed to impose gender quotas to ensure women have at least 40 per cent of seats on the boards of large companies.

08.06 / 07:53

business Gaming Gambling Beer, gambling and crypto: Budweiser races into Zed Run's NFT games

Popular beer manufacturer Budweiser has teamed up with Zed Run to deploy tokenized Clydesdale draught horses in its virtual NFT-based horse racing and wagering game.

08.06 / 05:07

business Banks Court Crypto bank Custodia sues the Fed over 19 month delay on account approval

Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account.

08.06 / 04:21

business ETF SEC Bitcoin Bitcoin ETF approval ETF approval Grayscale hires former Solicitor General to help force Bitcoin ETF approval

Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.

08.06 / 00:17

business regulation Cybersecurity Senate committee Chainalysis exec touts blockchain analysis to Senate homeland security committee

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing June 7 titled “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency.” The committee hosted panel of private sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.

08.06 / 00:05

business lending Scalability layer2 TrueFi launches on Optimism, expanding access to on-chain credit

Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders.

07.06 / 22:39

business Blockchain Adoption PayPal PayPal enables transfer of digital currencies to external wallets

After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send, and receive digital assets between PayPal and other wallets and exchanges. As of today, the feature is available to select U.S. users, with the feature expanding to all eligible U.S. users in the coming weeks. The first batch of supported coins consists of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

07.06 / 20:05

business Blockchain Binance regulation Binance fires back at Reuters’ money laundering allegations

Crypto exchange Binance published a lengthy response to an article published by Reuters that claims that the exchange has been a “hub for hackers, fraudsters and drug traffickers,” saying that there’s at least “$2.35 billion in illicit funds” laundered within the exchange.

07.06 / 17:43

business Blockchain Adoption Bitcoin Standard The business of a Bitcoin standard: Profit, people and passion for good food

The Canadian restaurant franchise Tahini’s serves Middle East-inspired food with a Bitcoin-inspired twist.

07.06 / 16:29

business Technology United Nations Science Russia's UN envoy walks out after Moscow blamed for food crisis

Russia's UN envoy walked out of a meeting after Moscow's actions in Ukraine were blamed for creating a "looming food crisis".

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