Business Financial News

18.03 / 12:37

business Adoption Bitcoin Miners that hodl the most Bitcoin are ‘relentlessly expanding’

Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022.

18.03 / 08:33

business Facebook Scams Australian Australian competition regulator takes Meta to court over fake crypto ads

The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads.

18.03 / 07:53

business Blockchain wallet solana Support Coinbase Wallet adds support for Solana

Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL).

18.03 / 05:01

business Report Gaming Q4 GameStop looks toward NFT marketplace launch after big Q4 loss

Much loved retail video game store chain GameStop (GME) is looking ahead to its long-awaited NFT marketplace and Web3 gaming unit after suffering a net loss of $147.5 million during Q4 2021

18.03 / 04:27

business Blockchain Payments Supply Chain tracking Blockchain tracking sweetens the pay of Ghana's cocoa farmers

Cocoa product startup Koa launched a blockchain-based program this week that improves the transparency of its cocoa supply chain and ensures its Ghanaian farmers are being paid properly.

18.03 / 00:13

business Blockchain economics NOT RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think

On Thursday, the Reserve Bank of India, or RBI, the country's central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with digital currencies, the RBI dismissed arguments calling for the regulation of such assets and called for an outright ban. RBI's core concerns were related to cryptocurrencies threatening the country's financial sovereignty. The RBI wrote:

17.03 / 22:45

business VISA Funding Crypto Biz: Have you considered a career in crypto? March 11-17

Analyzing the labor market is a passion of mine. In my past life, I worked as a labor market analyst for a Canadian think tank specializing in the IT sector. Tech employees always enjoyed higher demand, higher pay and lower jobless rates than workers in the rest of the economy.

17.03 / 19:07

business NASDAQ stocks Holdings Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%

Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year for Bitcoin (BTC) and the broader digital asset market.

17.03 / 18:17

business Conference education Bitcoin 500 Paxful partners with Miami mayor to give away 500 tickets to Bitcoin 2022 conference

Digital payment platform Paxful has partnered with nonprofit organization Built With Bitcoin Foundation and Miami Mayor Francis Suarez to advance a new education initiative centered around Bitcoin (BTC) and financial literacy.

17.03 / 16:09

business Blockchain Ripple XRP Ripple to give out 1 billion XRP in developer grants

Ripple, the enterprise payment technology company, plans to give out one billion XRP in grants for developers. The newly announced grant is an extension of the company’s XRPL Grants program launched in 2021.

17.03 / 16:05

business Blockchain Polygon Smart Contracts Polygon onboards Simba Chain for Ethereum scaling and infrastructure development

Ethereum (ETH) layer-2 solution Polygon (MATIC) is integrating the Simba Chain to scale and build new infrastructure for Web3, according to a new announcemen.

17.03 / 12:35

business IPO SEC stocks Exodus crypto wallet starts trading on SEC-registered platform

Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise.

16.03 / 16:15

business Government Blockchain Bitcoin CFA ‘We don’t like our money:’ The story of the CFA and Bitcoin in Africa

Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent.

16.03 / 13:23

business Adoption Reddit Job Crypto startup employee quits after realizing telltale signs of failure

The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream.

16.03 / 09:49

business cryptocurrency Puzzle Bitcoin Future The-future-of-crypto-is-boring — and-bright

Crypto markets still have many puzzles, but they are beginning to reveal their secrets. The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalisation, luxury goods for complex, well-functioning markets — not protections against the depredations of hostile governments.

16.03 / 05:15

business Facebook Libra Blockchain Diem team members raise $200M to launch blockchain derived from it

Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”

15.03 / 20:49

business Blockchain Ethereum Adoption valuation ConsenSys raises $450M in Series D funding, doubles valuation in four months

On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021.

15.03 / 20:13

business credit cards American Express Amex trademark filings suggest possible entry to the metaverse

Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse.

15.03 / 18:33

business Blockchain Adoption VISA Visa seeks new college grads for Crypto Development Program

According to a recent job posting, Visa is inviting new college graduates to join its 18-month rotational Crypto Development Program. Applicants will alternate between three departments of Visa's current crypto ecosystem: Crypto Product, Crypto Solutions, and Digital Partnership, where they are given training, development, mentoring, networking, and leadership exposure on top of practical experience in the industry.

15.03 / 16:41

business Blockchain ETF Hashdex Hashdex to launch Web3 and smart contracts ETF on Brazil's stock exchange B3

Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement.

15.03 / 16:29

business Blockchain Crypto.com rolls out its exchange platform in the United States

Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States.

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