Business Financial News

03.06 / 14:01

business Law Stablecoin Terra Usd Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.

03.06 / 11:19

business Ethereum cryptocurrency Bitcoin Crypto market crash: Investments slow down, but trust in BTC, ETH remains

With the recent cryptocurrency market correction, investors in India have taken a breather from stacking their portfolios. However, in the long term, they remain bullish on the top two cryptos, Bitcoin and Ethereum.

03.06 / 08:31

business Dubai Crypto.com gets nod in Dubai and FTX launches in Japan

Two out of the top 10 largest cryptocurrency exchanges by volume will expand into new markets, with Crypto.com obtaining a provisional crypto license in Dubai and FTX launching in Japan.

03.06 / 07:43

business Scams FBI Crypto scams 'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps

Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.

03.06 / 05:31

business Stablecoin defi MakerDAO Maker founder proposes MetaDAOs and synthetic ETH in 'Endgame Plan'

The co-founder of MakerDAO Rune Christensen has issued a new monumental proposal to push the project into its final form called The Endgame Plan.

02.06 / 22:05

business Funding Venture Capital Research After record growth, VC crypto investments decline 38% in May

This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value.

02.06 / 17:49

business coinbase Gemini Bitcoin Major crypto firms reportedly cut up to 10% of staff amid bear market

Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions.

02.06 / 16:21

business Blockchain Health Bitcoin Mental health and crypto: How does volatility effect well-being?

The crypto world is well known for its volatility. Especially in the early days, digital assets experienced wild price swings, gaining or losing double-digits in the course of a day. It appears that the current bear market is no exception to this trend.

02.06 / 16:21

business Blockchain coinbase Coinbase chief legal officer responds to SEC disclosure FUD

As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange.

02.06 / 14:05

business Adoption Environment Bitcoin Stranded US energy company opens crypto mining facility in Middle East to use stranded natural gas

As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste.

02.06 / 08:35

business Blockchain Adoption Netscape creator says Web3 really is like the rise of the early internet

Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet.

02.06 / 06:27

business Blockchain Ethereum layer2 Optimism token falls 40% prompting calls to bar dumpers from airdrops

Optimism’s freshly launched governance token OP has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops.

01.06 / 23:05

business Marketplace Court Former product manager at OpenSea charged with insider trading

On June 1, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain was a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the first case of its kind regarding digital assets and traditional criminal investigations.

01.06 / 18:13

business Blockchain Adoption Bitcoin Anonymous culture in crypto may be losing its relevance

Crypto has inherited many values that were popularized in the early days of the internet.

01.06 / 14:51

business cryptocurrency Cryptoverse Bitcoin Cryptoverse: Will you grow old with bitcoin?

If you assumed crypto was just a young person's game, think again.

01.06 / 13:57

business Stablecoin Tether Banks Tether’s reported bank partner Capital Union shares its crypto strategy

Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.

01.06 / 13:35

business CFTC regulation goldman sachs Goldman Sachs reportedly eyes crypto derivatives markets with FTX integration

Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into FTX.US crypto derivatives offerings.

01.06 / 13:03

business Blockchain Binance Investments Blockchain Adoption Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption

Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.

01.06 / 09:37

business Investments Federal Reserve Bitcoin Fed money printer goes into reverse: What does it mean for crypto?

The Federal Reserve is starting the process of paring back its $9 trillion balance sheet that ballooned in recent years in a move called Quantitative Tightening (QT).

01.06 / 08:25

business Law Stablecoin PoolTogether raises 471 ETH with NFTs to fund legal defense

So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class action lawsuit.

01.06 / 06:15

business cryptocurrency Bitcoin bitcoin rises Cryptocurrency Prices Today June 1: Bitcoin rises, Cardano biggest gainer

Major cryptocurrencies traded in the green early on June 1 as the global crypto market cap increased by 0.21 percent to $1.31 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours decreased by 5.76 percent to $87.75 billion.

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