Business Financial News

29.04 / 01:07

business Report Survey Bitcoin Singaporean investors’ appetite for crypto is key to mainstream adoption — Survey

As Singapore continues to play an active role in boosting crypto adoption across the Asia-Pacific region, the country’s first licensed crypto exchange Independent Reserve conducted a retail-focused survey to better understand the underlying potential of the regulated market.

28.04 / 23:47

business Digital Currency regulation Derivatives Executive Agency FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of U.S. crypto regulation. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies.

28.04 / 23:25

business Twitter Aave founder Stani Kulechov briefly suspended from Twitter after joking about becoming interim CEO

Aave founder Stani Kulechov was temporarily suspended from Twitter this week, mere hours after joking that he was joining the social media company as interim CEO.

28.04 / 20:57

business Blockchain Technology Gaming Minecraft-linked developers draws up pledge for NFT and digital asset engagement

Over the weekend, Climate Replay, which comprises of developers from Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies, into gaming.

28.04 / 16:09

business Adoption Bitcoin businesses One-fifth of businesses in El Salvador now accept Bitcoin: NBER study

Months after Bitcoin (BTC) became legal tender in El Salvador, a study conducted by the National Bureau of Economic Research (NBER) shows that 20 percent of businesses have started to accept BTC as their payment method.

28.04 / 16:09

business Real Estate Loans ABRA Backed Propy partners with Abra to provide crypto-backed real estate loans

Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets.

28.04 / 10:43

business Blockchain Bitcoin Bears Solana NFT Wine Nifty News: Solana NFT Okay Bears tops charts, South African wine NFTs rake it in and more

Okay Bears, a Solana-powered NFT, managed to top OpenSea’s 24-hour sales tracker for the first time earlier today, beating out all other Ethereum (ETH) projects on offer.

28.04 / 08:19

business Blockchain Adoption ETF BlackRock launches blockchain industry ETF, names crypto as 1 of 3 big opportunities

BlackRock has officially launched a blockchain focused ETF, that provides investors with exposure to the crypto and blockchain industry without needing to directly own digital assets.

28.04 / 05:37

business Adoption Real Estate Dubai Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

Multi-billion dollar Dubai-based real estate developer DAMAC Properties has started accepting Bitcoin (BTC) and Ether (ETH) payments for its luxury abodes.

28.04 / 05:13

business Facebook Adoption Meta Ceo Meta’s Reality Labs posts $2.9B loss: 'I recognize it’s expensive' says Zuck

Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses.

28.04 / 02:21

business event Blockchain Conference Future Crypto Bahamas: Attendees talk the future of NFTs

The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference.

28.04 / 01:59

business Payments PayPal PayPal is shuttering its San Francisco office: Report

Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees.

27.04 / 21:23

business ETF Europe European Union Grayscale to expand crypto fund offering into Europe

Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed Tuesday.

27.04 / 20:17

business Funding Venture Capital Dragonfly Capital raises $650M in tertiary funding round

Dragonfly Capital, a prominent venture capital corporation operating in the cryptocurrency sector, has announced its third funding round, valued at $650 million. The figure surpasses its two prior rounds of $100 million in October 2018 and $200 million in December 2020.

27.04 / 18:45

business Adoption Venture Capital Cointelegraph Consulting Q1 2022 venture capital activity in crypto set to outpace 2021

The first quarter of 2022 saw unprecedented growth in terms of venture capital activity in different blockchain sectors. In 2021, venture capitalists poured in over $30 billion into infrastructure, nonfungible tokens (NFTs), decentralized finance (DeFi), centralized finance (CeFi) and Web3. That set the bar pretty high if 2022 was going to beat it. In the first quarter of 2022, capital inflows from venture capitalists were over $14.6 billion, or around 48% of all the capital investment by the last year.

27.04 / 17:39

business cryptocurrency India to take a considered view on crypto, says Nirmala Sitharaman

Flagging concerns over likely misuse of crypto, Finance Minister Nirmala Sitharaman on April 27 said that India will take a considerate decision on regulation around the virtual currency.

27.04 / 13:17

business Adoption ETF Bitcoin 21Shares 21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge

21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), is launching a new ETP tracking a mix of Bitcoin (BTC) and gold.

27.04 / 12:53

business Government Adoption South America VASP Cuban central bank makes it official: VASP licensing coming in May

In a move that could potentially foster the growth of Cuba's nascent tech industry, the Banco Central de Cuba (BCC), the country's central bank, will begin issuing licenses for Bitcoin (BTC) and other virtual asset services providers (VASPs).

27.04 / 07:37

business Investments Bitcoin Former Jefferies FX brokers launching institutional crypto exchange

Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors.

27.04 / 06:41

business Trading stocks retail Time Low Robinhood axes almost 1 in 10 staff members as stock hits all-time low

Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows.

27.04 / 06:25

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today April 27: Bitcoin slumps, Dogecoin biggest laggard

Cryptocurrencies traded in the red early on April 27 as the global crypto market cap dropped 5.64 percent over the last day to $1.76 trillion. On the other hand, total crypto market volume over the last 24 hours declined 3.16 percent to $94.95 billion.

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