Business Financial News

27.05 / 21:27

business Google Funding Venture Capital smart money Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25

Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space.

27.05 / 20:39

business Blockchain Adoption Hodler's guide to travel: Which platforms accept cryptocurrency?

The global economy is becoming increasingly digital, and it's no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencies as payment, with some even providing discounts to customers who pay in cryptocurrency. Here is a list of popular travel booking platforms that take BTC, as well as embrace blockchain technology.

27.05 / 15:13

business Payments Cointelegraph World Economic Forum Partying in Davos with Cointelegraph: Crypto card payments accepted

With the World Economic Forum (WEF) Annual Meeting drawing to a close, attendees had the opportunity to join Cointelegraph for a farewell party at Ex Bar in Davos — where they could actually pay for food and drinks using cryptocurrency.

27.05 / 14:09

business Blockchain Stablecoin Two key takeaways from Nansen’s UST stablecoin depeg report

As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways.

27.05 / 12:17

business applications Draft bill to ban China’s digital yuan from US app stores

Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency.

27.05 / 08:57

business education interview Swinburne Uni brings Web3 firms to class

Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world.

27.05 / 05:31

business Blockchain banking settlement JPMorgan trials blockchain for collateral settlement in after-hours trading

Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements.

26.05 / 16:05

business Blockchain Adoption Africa inclusion Financial Blockchain tech offers multiple paths to financial inclusion for unbanked

Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are actively working to increase financial inclusion and access to services for the vast number of people who are unbanked or underserved.

26.05 / 15:39

business Blockchain Binance Venture Capital Former Binance executives launch $100 million venture fund

Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year.

26.05 / 14:03

business Blockchain Binance Terra Buyback Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.

26.05 / 14:03

business Blockchain MasterCard swift WEF 2022: SWIFT probably won't exist in 5 years, says Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years' time.

26.05 / 05:35

business Mining SEC NVIDIA Nvidia shares plunge after Q1 figures, crypto mining card revenue 'nominal'

American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.

25.05 / 23:01

business Binance Binance signs MOU with Kazakhstan to further crypto adoption and regulation

Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country.

25.05 / 21:37

business Blockchain Ethereum Bitcoin Andreessen Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren't slowing down.

25.05 / 18:29

business Funding Venture Capital Singapore venture firm launches $100M Web3 and metaverse fund

Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet.

25.05 / 17:39

business Technology Gaming Bitcoin GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?

The prices of graphics processing units (GPUs), also known as graphics cards, are undoubtedly still a far cry from the manufacturer’s suggested retail price (MSRP). However, they aren’t what they used to be either, especially considering what GPU prices looked like just a year ago.

25.05 / 16:45

business Ethereum Funding layer2 Starkware StarkWare nets $100M as investors bank on layer-2 success

Ethereum (ETH) layer-2 developer StarkWare has raised a further $100 million in its latest fundraising round despite the prevailing downturn in cryptocurrency markets.

25.05 / 16:45

business Government Blockchain Stablecoin Ideas vs. practice: How are regulators working together on crypto?

The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem.

25.05 / 16:17

business cryptocurrency Andreessen Andreessen Horowitz raises $4.5 billion for fourth crypto fund

Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised for digital currency investments so far to more than $7.6 billion.

25.05 / 12:33

business Blockchain Altcoin Terraform Labs Luna Classic Terra Classic Support Exchanges show initial support to Terra revival by listing new LUNA token

Crypto trading platforms show initial signs of support for the revival of the collapsed Terra network by listing Terra's brand new token, also named LUNA.

25.05 / 11:57

business Blockchain Adoption Google Google seeks fresh talent to lead global Web3 team

Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies.

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