Business Financial News
30.09 / 16:51
business
Ethereum
ETF
Ether ETF
VanEck to donate 10% profits from Ether ETF to core developers
Global asset manager VanEck will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years, the company announced on X (formerly Twitter) on Sept. 29.
30.09 / 13:23
business
Technology
Investments
AI tech boom: Is the artificial intelligence market already saturated?
From voice assistants to algorithms predicting global market trends, artificial intelligence (AI) is seeing explosive growth. But as with any emerging technology, there comes a point where innovation risks giving way to oversaturation.
30.09 / 06:29
business
cryptocurrency
Payments
businesses
Integrating cryptocurrency payments: A comprehensive guide for businesses
payments offer all of this and more. As businesses embrace the digital revolution, the potential benefits of incorporating cryptocurrencies are becoming increasingly evident. Whether you're a small online retailer or a multinational corporation, integrating cryptocurrency payments into your business model can open up a world of possibilities. This comprehensive guide is here to demystify the concept of cryptocurrencies and provide you with a roadmap to successfully navigate the integration process.
30.09 / 02:05
business
WestJet
Calgary
2024
WestJet to merge with Sunwing Airlines by October 2024
WestJet said Friday it aims to wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business by October of next year.
29.09 / 21:57
business
Binance
Gemini
Kraken
Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations
Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.
29.09 / 19:15
business
Ethereum
Ether price
Futures
spot Ether ETF
Ether ETF
Invesco Galaxy applies for spot Ether ETF
Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29.
29.09 / 16:37
business
Ethereum
ETF
Investments
SEC
Futures
valkyrie
Valkyrie backtracks on Ether futures contract purchases until ETF launch
Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance.
29.09 / 15:35
business
hedge fund
3AC’s Su Zhu arrested in Singapore
The co-founder of Three Arrows Capital (3AC), Su Zhu, was arrested in Singapore when attempting to leave the country, Cointelegraph has learned from Teneo, the joint liquidator of the bankrupt hedge fund.
29.09 / 13:11
business
Government
Law
regulation
us government
Court
FTX’s $3.4B crypto liquidation: What it means for crypto markets
The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets.
29.09 / 06:25
business
Gaming
Metaverse
Mobile Games
Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions
Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning.
29.09 / 05:43
business
regulation
Fraud
FTX
Court
Bankruptcy
Trial
Sam
How long could Sam Bankman-Fried go to jail for?
FTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32 billion crypto exchange.
29.09 / 03:57
business
FTX
Trial
Sam
FTX founder Sam Bankman-Fried criminal trial schedule revealed
Former FTX CEO Sam Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket.
29.09 / 00:16
business
Adoption
virtual reality
Metaverse
Meta
The metaverse is real: Zuck's 'incredible' photorealistic tech wows crypto twitter
While critics have been busy writing eulogies for Meta’s metaverse dream over the last few years, Mark Zuckerberg’s latest demonstration of its photorealistic avatars shows it could be pretty far from dead after all.
28.09 / 21:47
markets
business
Sustainability
Interest rates
Bitmain
Bitcoin
NOT
3 reasons why Bitcoin miners are selling BTC — and why it’s not capitulation
Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go.
28.09 / 21:11
business
Ethereum
ETF
Investments
SEC
valkyrie
Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF
Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF.
28.09 / 19:21
business
Ripple
Fortress
Ripple pulls back from Fortress acquisition 20 days after announcement
Within 20 days of announcing the acquisition of Fortress Trust to allegedly expand its pool of licenses in the United States, financial technology firm Ripple is pulling out of the deal.
28.09 / 18:43
business
Microsoft
Google
goldman sachs
Machine Learning
ChatGPT
Backed
valuation
Google and Microsoft-backed AI firm AlphaSense raises $150M at $2.5B valuation
AlphaSense, a B2B artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by BOND and joined by Google parent company Alphabet’s investment arm, CapitalG, as well as Goldman Sachs and Viking Global.
28.09 / 16:45
business
Blockchain
Developers
Web3
Survey
Research
Median Web3 developer salary stands at $128K in 2023
A typical Web3 developer has a median salary of $128,000 in 2023.
28.09 / 14:07
business
Blockchain
regulation
Bitcoin Futures
coinbase
retail
Bitcoin
Perpetual
Perpetual Futures
International
Customers
Coinbase International launches perpetual futures trading for retail customers
Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-United States retail customers.
28.09 / 12:37
business
Department Of Justice
us government
FTX
FTX founder’s plea for temporary release should be denied, prosecution says
The United States government sent a letter to Judge Lewis Kaplan on Sept. 27 stating that it opposes the motion by Sam Bankman-Fried (SBF) and his representation for temporary release from jail before his Oct. 3 trial. The judge is scheduled to hear arguments from both sides later today.
28.09 / 09:11
business
regulation
Court
Bankruptcy
Celsius
valuation
Celsius valuation advisor approves value of debtors’ assets and liabilities
Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fair value of certain of the debtors’ assets and liabilities as of May 31, 2023.
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