Business Financial News
18.05 / 21:17
business
Voting
Terra
Luna Classic
Early polling from Terra vote indicates 91% are in favor of 'rebirth'
Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes.
18.05 / 20:43
business
Blockchain
Adoption
ShapeShift creates FOX Foundation as intermediary for successful DAO transition
On Wednesday, ShapeShift — a Swiss decentralized autonomous organization (DAO) hosting a cryptocurrency trading ecosystem — announced that its centralized corporate brand, ShapeShift AG, has formed the FOX Foundation. The nonprofit organization's stated purpose is to oversee the decentralization of its namesake trading platform and assets.
18.05 / 19:15
business
Blockchain
Adoption
Binance
Crypto giants co-launch Chainabuse platform to water down rising scams
Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent activity such as scams and hacks in real-time.
18.05 / 19:15
business
Report
Venture Capital
data
Cointelegraph Research launches venture capital database
Despite the generally negative price action across the crypto industry, continued venture capital investments in the space indicate that the industry is healthy and continues to evolve. Cointelegraph Research’s new venture capital database tracks the activity of VC firms and gives users access to the most important bellwether of innovation and early-stage activity.
18.05 / 17:49
business
Blockchain
Adoption
Sport
Exploiting sports fans through NFTs won’t lead to a W
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.
18.05 / 16:37
business
MasterCard
Bitcoin
Two credit card firms in Israel to let cardholders buy Bitcoin
Financial companies in Israel are increasingly moving into cryptocurrencies like Bitcoin (BTC), with two competing credit card firms working on BTC investment and cashback features.
18.05 / 16:23
business
Blockchain
Technology
Law
Lobby
‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance
Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks.
18.05 / 15:23
business
Blockchain
Adoption
NOT
dutch
Dutch regulator says crypto not yet suitable as means of payment or investment
A Dutch regulator stated that the crypto derivatives market should be restricted to wholesale trade. The reasons are not unfamiliar — lack of transparency, market manipulation and “other forms of criminal activity.”
18.05 / 15:23
business
Blockchain
NFT
Funding
Tally Labs strive to expand decentralized content ecosystem with $12M funding
Tally Labs, a Web3 media company that oversees the business operations and infrastructural software development of Jenkins the Valet — a fictional nonfungible token (NFT) project orientated around the life of a Bored Ape character — has announced a seed funding round to the value of $12 million.
18.05 / 08:05
business
Blockchain
Ethereum
proof-of-work
Cloudflare to run Ethereum node experiment to help 'build a better internet'
Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cyber security firm Cloudflare is set to launch and fully stake Ethereum validator nodes over the next few months.
18.05 / 08:01
business
NATO
Live: First war crimes trial since Moscow's invasion of Ukraine set to begin in Kyiv
The first war crimes trial since Moscow's invasion of Ukraine, against a Russian soldier accused of killing an unarmed civilian, is set to get underway in Kyiv later today. The trial could be the first of many.
18.05 / 05:07
business
Blockchain
Ethereum
Report
Ethereum’s popularity 'a double-edged sword’ — a16z's State of Crypto Report
Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees.
17.05 / 22:59
business
Law
Terra Luna
Terraform Labs
Terra
Crypto users
Crypto users react to Terraform Labs legal team purportedly leaving company
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.
17.05 / 21:31
business
Blockchain
Analysis
Research
acquires
Ethereum analytics firm Nansen acquires DeFi tracker Ape Board
Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker.
17.05 / 16:15
business
education
Bitcoin
Madeira ‘embraces’ Bitcoin and how the president met Michael Saylor
The tiny Portuguese island of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement made during the Bitcoin Miami Conference in 2022 has spurned confusion and misinformation.
17.05 / 14:51
business
Stablecoin
regulation
Terraform Labs
Terra
hearing
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now South Korean conservative party has requested a parliamentary hearing on the matter.
17.05 / 13:21
17.05 / 12:57
business
Lightning Network
lightning
Bitcoin
Bukele
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC).
17.05 / 12:11
business
Blockchain
Adoption
foundation
network
NEAR developers to get seamless Web3 app deployment with Pocket Network
Pocket Network (POKT), a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers.
17.05 / 09:09
business
Gaming
Twitch
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday.
17.05 / 08:51
business
Banks
Japan’s largest investment bank Nomura readies new crypto subsidiary
The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs).
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