Business Financial News
13.05 / 07:47
business
Blockchain
Adoption
education
TZ APAC’s Colin Miles: Blockchain will be taught in classrooms in 3-5 years
Colin Miles, the newly-appointed CEO of TZ APAC expects blockchain and web 3.0 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years.
13.05 / 07:21
13.05 / 05:01
business
coinbase
stocks
Bankruptcy
Coinbase junk bonds tank amid market rout and creditors’ fears
The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy.
12.05 / 23:21
markets
business
coinbase
Bitcoin
Drop
Crypto-associated stocks hammered as COIN and HOOD drop to record lows
Bad news continues to dominate crypto media headlines and today's juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined sharply.
12.05 / 20:17
business
Ethereum
Adoption
Bitcoin
How long will the crypto bear market last? Raoul Pal's macro analysis
Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal's predictions.
12.05 / 19:25
business
Binance
Terra
Binance will delist LUNA/USDT contracts as price falls below 0.005
Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.
12.05 / 16:29
business
Blockchain
Stablecoin
Tether
Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins
The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar.
12.05 / 13:03
business
Blockchain
coinbase
exchanges
safe
Coinbase CEO says funds are safe amid bankruptcy protection fears
Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. However, Coinbase CEO Brian Armstrong explained that funds are safe “as they’ve always been.”
12.05 / 13:03
business
Blockchain
Stablecoin
Burn
stake
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon's rescue plan for UST.
12.05 / 13:03
business
Stablecoin
Binance
Trading
Terra Luna
Perpetual
Binance Futures delists coin-margined LUNA perpetual contracts
Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.
12.05 / 03:31
business
Bitcoin
Bitcoin Price
NOT
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility.
12.05 / 01:21
business
cryptocurrency
Lowe's
market value
Crypto assets shed $800 billion in market value in a month
Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets.
11.05 / 23:03
business
Adoption
Paxos
services
Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services
Nubank, the largest digital bank in Brazil and Latin America, announced that it has partnered with Paxos to allow the bank's customers to buy, sell and store cryptocurrencies directly through Nubank.
11.05 / 19:51
business
Stablecoin
network
market volatility
Celsius Network execs deny rumors of significant losses amid market volatility
The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.
11.05 / 19:35
business
Blockchain
Stablecoin
Adoption
LUNA meltdown sparks theories and told-you-sos from crypto community
No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph's Top 100, has lost billions of dollars for their investors.
11.05 / 17:15
business
cryptocurrency
Binance
Crypto exchange Binance hires former Deputy US Attorney to manage legal affairs
Binance on Wednesday named Joshua Eaton, a former Deputy US Attorney in the Northern District of California, as the deputy general counsel of the world's largest cryptocurrency exchange.
11.05 / 16:33
business
Adoption
retail
Bitcoin
Rising global adoption positions crypto perfectly for use in retail
Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective.
11.05 / 16:03
business
Adoption
Africa
Backed
Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects
East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users.
11.05 / 14:33
business
Stablecoin
Altcoin
Terra
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan" for the Terra community.
11.05 / 12:43
business
Funding
Venture Capital
FinTech
FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund
London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy.
11.05 / 12:25
business
Adoption
coinbase
Indian
Indian central bank’s 'informal pressure' disrupted payments: Coinbase CEO
Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from India’s central bank.
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