Business Financial News

26.09 / 13:11

business Adoption Payments coinbase applications exchanges ‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

Coinbase launched Base, its new blockchain, in late July, and it has already become a major player among Ethereum-based layer-2 chains.

26.09 / 10:37

business Department Of Justice FTX Trial Sam Sam Bankman-Fried’s lawyer renews request for temporary release from jail

The lawyer representing Sam Bankman-Fried (SBF) in his upcoming case against the United States Department of Justice submitted a renewed request for his temporary release from jail in order to prepare for the trial.

26.09 / 09:52

business Binance regulation Huobi CZ appoints Binance security team to track Huobi HTX stolen funds

Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Binance CEO Changpeng “CZ” Zhao offered the help of the exchange’s security team in investigating the attack.

26.09 / 06:29

business Law YouTube LAMBO Ben 'Bitboy' Armstrong arrested on livestream over Lambo dispute

Crypto influencer Ben Armstrong, previously known as BitBoy, has reportedly been arrested while live-streaming outside the house of a former business associate, who he alleges is in possession of his Lamborghini.

26.09 / 04:39

business Stablecoin Binance Crypto exchange Binance among firms eyeing new stablecoins in Japan

Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.

26.09 / 02:09

business Law regulation Court Bankruptcy reorganization Celsius creditors vote in favor of reorganization plan

The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a new company.

25.09 / 23:43

business Adoption Binance services Crypto exchange Binance reopens exchange services in Belgium

Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again — three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services.

25.09 / 15:29

business Blockchain Huobi Huobi Global hacked for $7.9M: Report

Huobi Global’s HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform Cyvers. A total of $7.9 million of crypto has been drained in the attack.

25.09 / 13:27

business Government Law Binance Investments SEC Binance exit aftershock: Can one resignation tip the crypto trust scales?

On Sept. 13, news broke of yet another high-level executive parting ways with Binance.US.

25.09 / 13:27

business Amazon Investments Startups OpenAI AI startup Amazon invests $4 billion Anthropic AI startup

Amazon and artificial intelligence (AI) startup Anthropic have announced a new investment agreement to aid the research and development of new high-performing foundation models.

25.09 / 12:29

business Technology regulation us government us sanctions China to build giant AI chip factory to bypass US sanctions: Report

China seeks to build artificial intelligence (AI) chip factories for creating particle accelerators to help bypass sanctions affecting the local industry, according to a report from the South China Morning Post (SCMP).

25.09 / 08:32

business Blockchain Hackers hacks P2P Networks investigation network Mixin Network hack drains $200M from mainnet assets

Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.

25.09 / 04:37

business Law regulation HK HK regulator vows to intensify crackdown on unregistered crypto platforms

Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction

25.09 / 02:49

business Law regulation crimes JPEX scandal JPEX scandal masterminds still at large as 11 suspects taken into custody: Report

The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already being taken in for questioning in relation to the case.

25.09 / 02:31

business defi Altcoin Scams phishing services Crypto exchange Upbit stems fake APT token flood, resumes services

South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal.

24.09 / 09:01

business Blockchain exchanges hearing Couple mistakenly sent $10.5M by Crypto.com to face October plea hearing

The Melbourne couple who accidentally received 10.5 million Australian dollars (AUD), or almost $6.6 million, will be facing a plea trial in October for a theft charge after spending the funds that they received by mistake in 2021.

23.09 / 08:15

business Tether POW Bitmain Bitcoin Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit

Bitmain rolled out its next generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit in Hong Kong on Sept 22, revealing the crucial performance stats that the entire industry has been waiting for. The S21 has a hasrate at 200 TH/s and an efficiency at 17.5 J/T while the S21 hydro hashes at 335 TH/s and 16 J/T which is notable given that until recently, most Bitcoin ASICS were operating above the 20 J/T level.

22.09 / 21:11

business Citi SVB Blockchain Capital Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance, closed two new funds this week, with $580 million in capital to be deployed in crypto gaming and decentralized finance projects.

22.09 / 20:33

business Europe coinbase FTX Derivatives Coinbase sought FTX Europe acquisition after bankruptcy: Report

Crypto exchange Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022, hoping to broaden its derivatives business overseas. The company, however, has decided not to go forward with the deal, Cointelegraph has learned.

22.09 / 18:33

business Blockchain Ethereum Polygon Google TRON Bitcoin Google Cloud Google Cloud adds 11 blockchains to data warehouse 'BigQuery'

Google Cloud’s BigQuery service just added 11 blockchains networks to its data warehouse, according to a September 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron.

22.09 / 14:21

business Stablecoin Adoption Payments Investments Trading safe Stablecoin exodus: Why are investors fleeing crypto’s safe haven?

In a year filled with uncertainty in the cryptocurrency space, a new trend has been unraveling: a stablecoin exodus that has now lasted for 18 consecutive months and has seen the market dominance of stablecoins drop to 11.6%.

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