Business Financial News

17.05 / 07:13

business Blockchain Miami Miami and New York City coins tank despite Mayoral endorsements

Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs.

17.05 / 06:55

business Stablecoin Tether Usd Coin reserves Stablecoin supplies and cash reserves in question amid crypto exodus

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.

17.05 / 06:15

business NFT defi coinbase Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser

America’s largest crypto exchange Coinbase has rolled out Web3 app functionality including a hot wallet and browser for a limited set of its mobile app users.

16.05 / 21:15

business IPO Mining SEC network Celsius Network's crypto mining subsidiary SEC filing suggests plans for IPO

Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting plans for an initial public offering (IPO).

16.05 / 17:59

business Art Adoption Investments Life-changing money: The 10 most expensive NFTs sold to date

Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million are not a fantasy, but an incredible reality.

16.05 / 14:29

business Blockchain Stablecoin regulation gone Reserve 80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.

16.05 / 12:59

business ETF Bitcoin Bitcoin investment giant Grayscale debuts ETF in Europe

Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe.

16.05 / 08:09

business Investments goldman sachs UK crypto Goldman Sachs and Barclays invest in UK crypto trading platform Elwood

Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.

15.05 / 14:11

business Blockchain Binance Altcoin Terra Support Binance CEO CZ to support Terra community but expects more transparency

Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the appropriate course of action for falling projects across the crypto community.

15.05 / 05:39

business Blockchain defi DEX DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts

Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an ecosystem free from barriers or intermediaries, welcoming to anyone from anywhere and open anytime.

14.05 / 17:07

business Blockchain Adoption Cybersecurity DeFi attacks are on the rise — Will the industry be able to stem the tide?

The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control.

14.05 / 13:59

business Blockchain Adoption Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application allowed users to get away with a 30-40x profit on LUNA trades momentarily.

14.05 / 08:39

business Blockchain Ethereum Hackers Phishing attacks Etherscan Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks

Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the attack after numerous users reported unusual MetaMask pop-ups prompting users to connect their crypto wallets to the website.

14.05 / 00:11

business Stablecoin MicroStrategy Funding Terraform Labs Crypto Biz: Luna’s meltdown will live on in infamy, May 5-11, 2022

Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin (BTC).

13.05 / 23:01

business UPS cryptocurrency Tether Crypto meltdown deepens as stablecoin Tether drops below dollar peg

The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

13.05 / 21:21

business Donations Military crypto donations Crypto donations fund ATVs and gas masks for Ukrainian military

Ukrainian officials have used funds from the crypto donation platform launched by the government to purchase supplies for the country’s military amid its ongoing war with Russia.

13.05 / 20:29

business Trading Altcoin Terra exit Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions

Cryptocurrency exchange Crypto.com has halted trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.

13.05 / 17:47

business Blockchain Adoption Supply Chain Blockchains are forever: DLT makes diamond industry more transparent

Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.

13.05 / 15:33

business Adoption Energy Bitcoin Bitcoin mining in Norway gets the green light as the proposed ban rejected

There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on May 10.

13.05 / 14:49

business Blockchain Stablecoin Investments Rescue Swiss bail asset manager No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has quashed fake news reports that surfaced on Friday that claimed the Swiss asset manager would invest some $3 billion to aid in the recovery of the Terra ecosystem, including LUNA and TrueUSD (UST) stablecoin.

13.05 / 13:05

business Blockchain Stablecoin Binance Terra Usd Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain

Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem's cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin.

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