Business Financial News

06.04 / 23:13

business Blockchain Stablecoin Binance Terra Luna fall reserves UST staking goes live on Binance as Anchor reserves fall

On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna's (LUNA) co-founder — attributed the origins of the high yield to Terra's flagship Anchor protocol.

06.04 / 18:15

business NFT Starbucks controversy Starbucks announces NFT initiative as union-busting controversy continues

Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.

06.04 / 18:15

business Adoption Bitcoin businesses Building businesses in the ‘spirit of Bitcoin’: The Bitcoin Hostel

A Bitcoin (BTC) hostel is coming to Portugal’s shores. As it’s Europe’s first Bitcoin-only hostel, Cointelegraph spoke with the founders to find out how Bitcoin shapes the business model, from planning to architecture to the community.

06.04 / 17:39

business Blockchain Adoption DeFi can breathe new life into traditional assets

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.

06.04 / 16:29

business Adoption Asia HSBC debuts metaverse investment fund in Asia: Report

Global banking giant HSBC Holdings has rolled out its metaverse investment product for wealthy clients in Singapore and Hong Kong, according to multiple media reports.

06.04 / 16:21

business Binance regulation valuation Binance.US completes $200M seed round to hit $4.5B valuation

Binance.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures.

06.04 / 15:55

business cryptocurrency Binance Sky Mavis bail Crypto exchange Binance among investors to bail out victims of $615 million heist

Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said on Wednesday.

06.04 / 15:51

business Ethereum Adoption Bitcoin Blockchain.com launches asset management for institutional investors

Blockchain.com, a cryptocurrency exchange and financial services firm, has reportedly launched an asset-management service for its wealthy customers.

06.04 / 12:07

business Blockchain Developers Survey Crypto trading to move to the metaverse, says developer-focused study

A new study shows that developers believe that the metaverse may become the “most popular” way to buy and sell crypto someday.

06.04 / 09:11

business exchanges Webtoon platform Kakao Piccoma buys 50% of Japan's Sakura Exchange

Kakao Piccoma, a Japanese digital comics' subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC).

06.04 / 07:59

business Adoption Forbes Crypto billionaires increase by 60% in a year: Who made Forbes annual list?

The Forbes crypto billionaires list has been updated, and the number of individuals who have made vast fortunes in digital assets has increased substantially.

06.04 / 06:15

business Blockchain cryptocurrency Bitcoin Bitcoin Down Cryptocurrency Prices Today April 6: Bitcoin down, Dogecoin biggest loser

Cryptocurrencies traded in the red early on April 6. The global crypto market cap is $2.09 trillion, a 3.51 percent decrease over the last day. The total crypto market volume over the last 24 hours is $110.65 billion, a 2.92 percent increase.

06.04 / 04:13

business Environment Energy Bitcoin Marathon Marathon Digital moves Montana BTC mine to pursue carbon neutrality

Bitcoin miner Marathon Digital Holdings plans on taking a big step toward carbon neutrality with plans to transition its Montana mining facility to use sustainable power sources elsewhere.

05.04 / 23:03

business Blockchain Adoption Bitcoin MicroStrategy subsidiary adds another 4,197 BTC to balance sheet

On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin ($190.5 million) between February 15 and April 4.

05.04 / 19:25

business Funding Venture Capital layer2 L2 network Ethereum L2 Boba Network valued at $1.5B following Series A

Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.

05.04 / 16:07

business Government Technology ‘Our democracy will better evolve because of DAOs,’ says Animoca's Yat Siu

The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact with. Decentralized autonomous organizations (DAOs) are also coming to fruition to allow for community governance within virtual environments.

05.04 / 15:01

business Adoption stocks FTX US to invest in IEX stock exchange to launch digital securities

Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange.

05.04 / 09:49

business cryptocurrency World Bitcoin Ukraine crisis: Crypto funding a watershed moment for war-torn nation

For a country whose armed forces would be dwarfed by the Russian military, Ukraine has resorted to creative means to help mount a strong resistance against the attacks by its neighbour.

05.04 / 08:11

business SEC Funding assets under management Crypto venture capital firms see surging assets under management

Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector.

05.04 / 05:31

business Hardware Wallet Ledger Shopify Shopify facing another lawsuit from crypto holders over Ledger data breach

Global e-commerce platform Shopify and hardware wallet maker Ledger face a major legal hurdle as a group of Ledger users have filed a class-action lawsuit for its part in failing to prevent a massive data breach in 2020.

04.04 / 22:47

business Blockchain Law businesses Support In the US, public-private state associations form networks of support for crypto businesses

When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials and eight trade association leaders to examine “various potential applications of and policies for blockchain technology” and report to the governor in December 2023.

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