Business Financial News

23.03 / 00:37

business Investments Funding valuation NFT creator Yuga Labs raises $450M, bringing company valuation to $4B

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest $450 million seed funding round. VC firm Andreessen Horowitz, or a16z, led the company's first institutional investment, marking one of the largest seed rounds for any nonfungible token (NFT) collection to date.

22.03 / 23:53

business Blockchain Adoption Joint Venture Volvo's parent company establishes blockchain joint venture headquarters in Wuxi, China

On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry.

22.03 / 22:41

business Sport Football Crypto.com becomes official sponsor of 2022 FIFA World Cup in Qatar

FIFA, an international governing body for many major soccer tournaments, has announced that cryptocurrency exchange Crypto.com will be an official sponsor of its next World Cup in Qatar.

22.03 / 18:03

business Government US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren

Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital yuan may present certain challenges for the United States. However, regulators and lawmakers may want consider how to encourage digital innovation, as China is already "massively tech forward" for its residents.

22.03 / 17:13

business cryptocurrency Ether Bitcoin Bitcoin climbs Bitcoin climbs to highest in almost three weeks

Bitcoin climbed on Tuesday to its highest in almost three weeks, adding to its gains since Russia's invasion of Ukraine, pulling up smaller digital coins such as ether.

22.03 / 16:57

business Blockchain Deal Japanese crypto exchange Coincheck eyes Nasdaq listing after $1.25B SPAC deal

Coincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc.

22.03 / 13:34

business Blockchain CBDC Central Bank International BIS joint pilot: Institutions can use CBDCs for international settlements

Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa.

22.03 / 00:39

business Blockchain Gemini services Gemini receives license to provide electronic money services in Ireland

Cryptocurrency exchange Gemini has received an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders as Coinbase, Stripe, Square and Meta.

22.03 / 00:15

business Blockchain Technology Adoption Euroclear Euroclear invests in Fnality to advance digital ledger technology strategy

On Monday, Euroclear, a securities clearing firm that claims it has over 37.6 trillion euros in assets under custody, announced an investment into Fnality, a consortium of financial institutions focused on the regulated adoption of tokenized assets and marketplaces, for an undisclosed amount. Meanwhile, Euroclear is also focusing on developing its distributed ledger technology, or DLT, to settle digital securities against digital cash through the partnership.

21.03 / 20:47

business Sport Tennis star Naomi Osaka becomes ambassador for crypto exchange FTX

Naomi Osaka, once one of the highest-ranked tennis players in the world, has become the latest figure in sports and entertainment to endorse crypto exchange FTX.

21.03 / 18:15

business Blockchain Technology Stablecoin network Luna token price is soaring, but is the network's growth sustainable?

Terra, an open-source blockchain platform for algorithmic stablecoins, has been on fire over the last half-year or so. The value of its native crypto asset Terra (LUNA) has risen from $24 to over $100 during the last six months, placing it in the top 10 cryptocurrencies by market capitalization.

21.03 / 16:02

business Trading goldman sachs Bitcoin Goldman Sachs completes first OTC crypto options trade with Galaxy

The American investment bank Goldman Sachs continues expanding its cryptocurrency trading expertise by executing its first-ever over-the-counter (OTC) crypto options trade.

21.03 / 16:02

business Funding Venture Capital data The rise of crypto analytics: Data provider The TIE valued at $100M following Series A

Digital asset analytics provider The TIE has closed a strategic investment round backed by some of blockchain’s most prominent investors, underscoring heightened demand for crypto data and software services.

21.03 / 15:51

business Government proof-of-work Bitcoin EU vote on Bitcoin mining: What does it mean for the industry?

Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP).

21.03 / 14:51

business Africa Bitcoin 500 Crypto users Crypto users in Africa grew by 2,500% in 2021: report

Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022.

21.03 / 00:15

business Amid conflict, NFT projects already seek to rebuild Ukraine

The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy.

20.03 / 19:21

business Funding Venture Capital network VC Roundup: NFTs, crypto mortgages, 5G network and Web3 devs raise millions

The cryptocurrency market has failed to make significant headway in recent months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cellular networks and Web3 gaming have all piqued the interest of venture capitalists. These new and familiar investment themes headline the latest edition of VC Roundup, as venture funds continue to target blockchain’s most promising value plays.

19.03 / 10:17

business Blockchain data email BlockFi confirms unauthorized access to client data hosted on Hubspot

New Jersey-based crypto financial institution BlockFi confirmed a data breach incident via one of its third-party vendors, Hubspot. BlockFi’s proactive warning about the breach aims to deter the intentions of bad actors in repurposing the user data for fraudulent activities.

19.03 / 00:37

business Blockchain Adoption Binance Time Binance tells regulators it will cease operations in Ontario... for real this time

Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated Wednesday that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario accounts, and provide fee waivers and reimbursements to certain Ontario users under the administration of a third party, the company said.

18.03 / 18:09

business Law Environment Bitcoin Stranded Stranded no more? Bitcoin miners could help solve Big Oil's gas problem

The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”

18.03 / 16:15

business Blockchain education Bitcoin ‘How I met Satoshi’: The mission to teach 100M people about Bitcoin by 2030

Dušan Matuska is — among many other things — a Bitcoin educator and consultant. The Slovak’s dream is to educate 100 million people about Bitcoin by 2030 through talks, podcasts, webinars, workshops and even a Bitcoin education center in a far-flung destination (plans are currently under wraps).

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