Business Financial News

03.05 / 07:19

business Art Value Wall Street Billionaire Citadel Securities founder compares crypto value to abstract art

Billionaire Citadel Securities founder Ken Griffin has compared cryptocurrency to abstract art, opining that the value of both is derived from the eye of the beholder.

03.05 / 07:19

business exchanges Rewards Crypto.com (CRO) slumps 30% as staking rewards are slashed

Crypto exchange Crypto.com announced severe reductions to CRO staking rewards for most tiers of its VISA prepaid card which has forced the token price to fall around 30% in less than a week.

02.05 / 18:15

business Blockchain Twitter ad Mark Cuban proposes using Dogecoin to solve Twitter's crypto ad problem

On Sunday, American entrepreneur Marc Andreessen posted a screenshot of what appears to be a Twitter user impersonating his name to promote a "free crypto" giveaway. "What algorithm could possibly catch this type of content?" asked Andreessen. To which Tesla's CEO Elon Musk replied, "Humans," sparking a discussion on how to best curate the high number of cryptocurrency scams and spam ads on the platform.

02.05 / 16:19

business Law Adoption Bitcoin El Salvador Bitcoin wallet shows ‘strong sign of adoption,’ exec says

El Salvador’s government-backed Bitcoin (BTC) wallet has reached significant success in terms of adoption, according to an exec at the cryptocurrency exchange behind the wallet.

02.05 / 16:19

business Blockchain Adoption Crowdfunding DAOs: A blockchain-based replacement for traditional crowdfunding

The crypto space witnessed phenomenal growth in 2021. Buzzwords like nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse broke through to the mainstream and culminated in the crypto market peaking at over $3 trillion in November of 2021.

02.05 / 12:35

business Blockchain Technology Bitcoin Cybersecurity a crucial component of blockchain ecosystem: CEO of QuillAudits

Cybercrime is the greatest threat to enterprises, and blockchain technology could go a long way in fighting it. Most data breaches in 2020 were caused due to human errors, of which 45 percent involved hacking, 22 percent featured phishing, and 17 percent involved malware.

02.05 / 11:19

business Adoption ATM Bitcoin Bitcoin ATM installation slowdown continues for 4th month in 2022

April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year.

02.05 / 06:17

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today May 02: Bitcoin up, XRP biggest gainer

Global cryptocurrencies opened in the green early on May 2. The global crypto market cap is $1.74 trillion, a 3.07 percent increase over the last day. The total crypto market volume over the last 24 hours is $81.96 billion, which makes a 1.53 percent decrease.

02.05 / 05:49

business Blockchain Cybersecurity Lack of transparency among project auditors a big problem: Hacken CEO

Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior.

01.05 / 15:21

business Blockchain Adoption community NFTs, DAOs and the importance of roadmaps

this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who cares about that? They weren’t really cool until Gary Vee had a mastermind call with influencers and said, “Crypto Punks are going to be huge, go get a bunch of them.” They went in and cornered the market and raised the prices.

01.05 / 14:15

business Blockchain Ethereum NFT Gas price surges ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTs

While the community was witness to the largest NFT mint yet, Ethereum (ETH) gas prices rose to unprecedented levels, in addition to users experiencing failed transactions due to blockchain bottlenecks.

30.04 / 20:21

business Gaming Funding VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement surrounding Web3 gaming, decentralized finance (DeFi) and blockchain infrastructure.

30.04 / 12:11

business Eastern Europe teams up to reduce EU's dependence on Russian gas

Countries in Eastern Europe are partnering up to develop projects and share resources to counter the Russian dominance in the gas market and curb the EU's reliance on Russian supply.

30.04 / 11:41

business Updates Ukraine war live updates: Russian forces likely suffering from 'weakened morale', UK says

Many Russian military units are "likely suffering from weakened morale", the UK said in its latest defence intelligence update, stating that Russia has been forced to "merge and redeploy depleted and disparate units".

30.04 / 08:45

business Blockchain Technology Adoption Demystifying the business imperatives of the Metaverse

In a previous article, I discussed the evolution of Web3 economies and current volatility, focusing on the participatory nature of Web3, which is the foundational technology enabling the creator economy.

30.04 / 08:45

business Adoption Europe Bitcoin services Financial Belgian financial regulator FSMA to regulate crypto exchange services

A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.

29.04 / 21:19

business Funding Venture Capital Terra NOT Crypto Biz: If you think crypto is bearish, you’re not paying attention, April 21-27, 2022

If you’re looking at the price of Bitcoin (BTC), it’s hard to be bullish these days. The flagship cryptocurrency has once again broken below $40,000, with analysts foretelling of a much bigger decline in the weeks ahead. Unfortunately, many new investors forget to treat crypto as an exponential asset class and, therefore, let short-term price fluctuations weaken their conviction.

29.04 / 19:49

business Law Trading coinbase Coinbase CEO responds to insider trading allegations with changes for token listings

After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.

29.04 / 14:29

business Binance Bitcoin Binance blocks crypto accounts of relatives tied to the Russian government

Binance cryptocurrency exchange is adopting more measures to prevent the Russian government from mitigating the impact of sanctions through the use of crypto.

29.04 / 12:59

business Technology Social Media Eurozone growth slows down hit by impact of Ukraine war and pandemic

The eurozone's economic growth slowed to 0.2% in the first quarter from the previous quarter, while inflation remained at a record high in April, Eurostat said on Friday, against the backdrop of the pandemic and the war in Ukraine.

29.04 / 06:29

business Blockchain Adoption VeChain VeChain can be used as payment in 2M stores — and VET bridged to BNB chain

Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different countries.

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