Business Financial News

19.04 / 20:05

business Blockchain Adoption Banks Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls

On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and 94% year over year, respectively, to $59.9 million and $24.7 million. The company is most notable for its Silvergate Exchange Network, or SEN, which facilitates U.S. dollar and euro transfers between cryptocurrency exchanges and institutional investors.

19.04 / 18:11

business Bitcoin expansion acquires Robinhood acquires British crypto firm Ziglu to push expansion plans

Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu.

19.04 / 13:21

business Web3 Funding Venture Capital Backed KuCoin-backed companies launch $100M Web3 developer fund

Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi.

19.04 / 11:05

business Blockchain Technology cryptocurrency NFTs: Bringing about the next level of funding social causes

Non-fungible tokens (NFTs), digital assets backed by the technology that drives cryptocurrencies, are now spurring social change by facilitating fundraising for charitable causes ranging from female empowerment to supporting philanthropic efforts in war-torn countries such as Ukraine.

19.04 / 08:57

business Blockchain exchanges Financial Services Crypto startup Blockchain dot com planning 2022 IPO

Crypto exchange and block explorer Blockchain.com has begun talking with American banks to explore how it may hold an initial public offering (IPO) as soon as this year.

19.04 / 08:57

business Blockchain marketing Agency services stake Animoca Brands buys major stake in Aussie digital services agency

NFT investment giant Animoca Brands has acquired a major stake in Australian digital marketing agency Be Media.

19.04 / 07:01

business Art NFT Marketplace Moonbirds fly into NFT top spot with $290M sold in four days

The freshly launched Ethereum-based Moonbirds NFT project is soaring to the top of the trade volume charts after generating $290 million worth of sales in just four days.

19.04 / 06:09

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today April 19: Bitcoin, Binance Coin, XRP, Polkadot up

Cryptocurrencies traded in the green early on April 19. The global crypto market cap is $1.89 trillion, a 2.21 percent increase over the last day. The total crypto market volume over the last 24 hours is $95.69 billion, which makes a 58.86 percent increase.

19.04 / 00:55

business regulation SEC Congress Congressmen tell SEC redefining long-standing concepts would be bad for digital ecosystem

Ranking member of the United States House Financial Services Committee Patrick McHenry and ranking member of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets Bill Huizenga sent a letter Monday to Securities Exchange Commission (SEC) Chairman Gary Gensler to express their concerns about proposed SEC amendments to the Exchange Act of 1934 that would expand the definition of an exchange and the phrase “as a part of regular business.” The congressmen said the changes could stifle innovation in the digital asset ecosystem.

19.04 / 00:55

business defi regulation Andre Cronje sees a 'necessity for regulation' ahead of crypto's new era

Andre Cronje, former Fantom Foundation technical adviser and Yearn.finance founder, resurfaced on Monday via Medium after announcing his departure from the DeFi and crypto space last month. In a post titled "The rise and fall of crypto culture," Cronje expressed his lamentations of crypto culture as he called for increased regulation and legislation in the industry.

19.04 / 00:15

business Blockchain Altcoin Joint Venture Atari claims its namesake token is now 'unlicensed' as it terminates blockchain joint venture

In a statement published by former video-game giant Atari on Monday, the firm says it has, effective immediately, terminated all license agreements with its joint venture partner ICICB Group and its subsidiaries. Previously, the two had jointly created the Atari Chain and the namesake Atari Token (ATRI). However, the company has had a change of heart regarding the deal, and announced it was disclaiming interest in the joint venture, stating "ICICB is not authorized to represent Atari or its brands in any manner."

18.04 / 22:33

business Adoption CFTC SEC regulatory Self-Regulatory Organizations Growing Alongside New U.S. Crypto Regulation

As the adoption of crypto takes off, the industry is exerting increasing influence on American society. This can be seen in its lobbying efforts and political action committees, for example, and in its own organizational efforts, such as business associations that promote it at the state, regional and national levels. Another way crypto is influencing society is through self-regulation.

18.04 / 21:19

business Blockchain Technology Adoption Monero community reaches consensus for July hard fork

As told by Monero (XMR) developers over the weekend, on July 16, the Monero network passed a community consensus to initiate a mainnet hard fork at block height 2,668,888. The popular privacy coin's hard fork will include increasing the chain's ring size from 11 to 16, adding view tags to outputs to reduce wallet scanning time, introducing bulletproofs and implementing fee changes.

18.04 / 20:23

business Adoption regulation Backed Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.

18.04 / 19:51

business Blockchain Adoption Bitcoin What is driving institutions to invest in crypto? BlockFi's David Olsson explains

In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi's proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure.

18.04 / 19:23

business Binance partnership Joint Venture Gulf Energy pursues joint venture with Binance, invests in BNB

Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market.

18.04 / 18:13

business Blockchain Art Gaming How Web3 is redefining storytelling for creators and fans through NFTs

Nonfungible tokens (NFTs) have come a long way in a relatively short period of time. In 2017, the NFT projectCryptoKitties made headlines as the largest decentralized application on the Ethereum network. While CryptoKitties accounted for a notable portion of Ethereum transaction volume in 2017, these NFTs mainly served as digital collectibles geared toward the crypto community.

18.04 / 16:17

business Bitcoin exits Crypto firm Exmo exits Russia and Belarus by selling part of its business

London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine.

18.04 / 08:31

business Blockchain Stablecoin data Terra Usd Terra Terra's UST flips BUSD to become third-largest stablecoin

The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market.

18.04 / 06:23

business Blockchain Apple Scams Phishing attacks MetaMask warns Apple users over iCloud phishing attacks

ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks.

16.04 / 14:38

business Government Blockchain Regulations set the table for more talent, capital and building in crypto industry

The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed an Executive Order to expedite and focus regulatory oversight of the $3-trillion industry.

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