Business Financial News

09.05 / 14:55

business cryptocurrency Terra Usd Bitcoin Low Bitcoin falls to 22-month low as stock markets tumble

Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.

09.05 / 14:45

business Ripple SEC Bitcoin Japanese e-commerce site adopts BTC and XRP payments for used cars

SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP.

09.05 / 11:35

business Adoption Binance Scams Binance takes legal action against fake billboard ads in Turkey

Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings.

09.05 / 06:45

business cryptocurrency World Bitcoin Bitcoin on a tumble, cryptocurrency down 28 percent over the year

Bitcoin, the world’s biggest cryptocurrency, is on a tumble down 28 percent this year so far. On a daily basis, it slipped four consecutive days, to notch $33,629.45 today, as per CoinMarketCap data. Market capitalisation is at $640,109,408,868 (-2.87 percent) and volume is at $35,739,822,477 (28.59 percent).

09.05 / 05:55

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today May 09: Bitcoin, Ethereum slump; cryptocurrencies trade in red

Cryptocurrencies traded in the red early today on May 09. The global crypto market cap is $1.57 trillion, a 2.26 percent decrease over the last day. The total crypto market volume over the last 24 hours is $101.92 billion, which makes a 28.79 percent increase.

08.05 / 11:11

business Blockchain Utah Governor approves of blockchain and digital innovation task force

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.

08.05 / 05:47

business Blockchain cryptocurrency Bitcoin Bitcoin Down Cryptocurrency Prices Today May 8: Bitcoin down, Polkadot biggest loser as cryptos trade in red

Cryptocurrencies traded in the red early on May 8. The global crypto market cap stood at $1.60 trillion, a 3.36 percent decrease over the last day. The total crypto market volume over the last 24 hours reached $80.16 billion, marking a 12.97 percent drop.

08.05 / 05:13

business Blockchain Adoption Bitcoin innovations Crypto, like railways, is among the world’s top innovations of the millennium

You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling.

07.05 / 12:35

business Adoption Binance Europe Binance reportedly halts crypto derivatives service in Spain

Binance stands as one of the most persistent crypto exchanges when it comes to gaining regulatory approval and operational licenses from regulators across the world. In this effort to operate as a fully licensed financial institution, the exchange has stopped offering it's crypto derivatives services in Spain as it reportedly awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV).

07.05 / 08:59

business Adoption Report Research NFT market well-positioned to grow 35% into a $13.6B industry by 2027

Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027.

07.05 / 06:19

business Blockchain cryptocurrency Bitcoin Bitcoin Down Cryptocurrency Prices Today May 7: Bitcoin down, Ethereum biggest loser

Cryptocurrencies traded in the red early today on May 7. The global crypto market-cap is $1.65 trillion, a 0.92 percent decrease over the last day. The total crypto market volume over the last 24 hours is $93.61 billion, which makes a 17.85 percent decrease.

07.05 / 00:09

business coinbase MicroStrategy Federal Reserve Reserve Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022

Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some nuggets of useful information. You can think of it as an exercise in financial esoterics to uncover the hidden meaning behind the Fed’s decision-making. As it turns out, the decision to raise interest rates by 50 basis points was already expected, so the actual FOMC document provided very little new information. But, Fed Chair Jerome Powell sparked a late rally in crypto and stocks on Wednesday when he said 75 basis-point increases aren’t on the table.

06.05 / 22:43

business Blockchain Google Cloud Services Amid crypto hype, Google’s cloud unit creates Web3 team

Google’s cloud unit announced on Friday the formation of an internal team that will build services for blockchain developers and those running blockchain-based applications. This comes amid an explosion of interest, activity, and adoption of crypto and Web3 tools from traditional sectors of the economy.

06.05 / 21:11

business CBDC Survey Central Bank 90% of surveyed central banks are exploring CBDCs — BIS

A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.

06.05 / 20:19

business Government Stablecoin interview businesses place the bahamas 'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM Philip Davis

The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added:

06.05 / 18:53

business Blockchain Mining Controlling 17% of BTC hash rate: Report on publicly listed mining firms

The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current landscape of publicly listed crypto mining companies that control approximately 17% of the total hash rate of the entire Bitcoin network.

06.05 / 16:25

business Blockchain Supply Chain Power Blockchain technology to power De Beers’ diamond production

Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution.

06.05 / 14:45

business NASDAQ Bloomberg Bitcoin analysts Rocky Bitcoin's rocky road to becoming a risk-off asset: analysts investigate

May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%.

06.05 / 13:45

business ETF SEC Bitcoin valkyrie SEC approves Valkyrie's Bitcoin futures ETF

The United States Securities and Exchange Commission has given the green light to Valkyrie's futures exchange-traded fund (EFT) application. This represents another ETF that has been approved by the SEC, which has previously accepted futures ETFs, but no sign of spot ETFs yet.

06.05 / 07:37

Dogecoin business NFT Sport Ice Cube backs DOGE and an 'incredible and historical' transaction

Iconic rapper Ice Cube — also known as O'Shea Jackson Sr — has jumped on the Dogecoin bandwagon with his endorsement of an “incredible and historical” DOGE transaction.

06.05 / 05:31

business Blockchain Twitter Social Media ‘Decentralized Twitter’ Bluesky releases code, outlines content moderation

Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on the network.

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