Business Financial News

15.03 / 16:13

business Blockchain Bitcoin Financial Dedicated crypto teams booming within traditional financial firms

Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8 trillion since the start of 2021.

15.03 / 12:49

business Binance Dubai Bitcoin ftx crypto exchange open FTX crypto exchange wins license in Dubai to open local headquarters

Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.

15.03 / 07:05

business Binance regulation Middle east Binance awarded Bahrain crypto service provider license

Crypto exchange Binance will provide fully regulated services to its first country in the Middle East thanks to a license granted by Bahrain’s central bank.

15.03 / 00:01

business Donations Ukrainian government launches crypto donation website with FTX, Kuna and Everstake

Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people.

14.03 / 23:09

business Funding lending Venture Capital Crypto quant firm Gauntlet valued at $1B following Series B

Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds.

14.03 / 22:33

business Texas Event recap Austin’s SXSW 2022: NFTs everywhere

South by Southwest, one of Austin’s biggest festivals with exhibits from tech industry leaders, films and musical acts, kicked off its first weekend — and the theme for many seemed to be nonfungible tokens, or NFTs.

14.03 / 06:55

business cryptocurrency Bitcoin Cryptocurrency Prices Today March 14: Bitcoin and Ethereum down, Polkadot biggest loser

Cryptocurrencies traded in the red early on March 14. The global crypto market cap is $1.70 trillion, a 2.84 percent decrease over the last day. The total crypto market volume over the last 24 hours is $62.28 billion, a 16.08 percent increase.

13.03 / 18:23

business Investments Gold inflation Cryptocurrencies against the ‘silent thief.’ Can Bitcoin protect capital from inflation?

The world is becoming increasingly volatile and uncertain. The assertion that “inflation is the silent thief” is becoming less relevant. In 2021, inflation has turned into a rather loud and brazen robber. Now, inflation is at its highest in the last forty years, already exceeding 5% in Europe and reaching 7.5% in the United States. The conflict between Russia and Ukraine affects futures for gold, wheat, oil, palladium and other commodities. High inflation in the U.S. and Europe has already become a real threat to the capital of tens of thousands of private investors around the world.

13.03 / 12:11

business Refugees Ukraine war: Russian airstrike hits military base close to Lviv as capital prepares for siege

Russian forces fired eight rockets at the Yavoriv military range 30 kilometres northwest of Lviv in western Ukraine, expanding its offensive closer to the border with Poland.

12.03 / 20:03

business Binance goldman sachs Crypto Biz: Goldman Sachs tip-toes into ETH, Mar. 4-10

Wall Street’s embrace of digital assets is showing no signs of slowing down. In fact, they don’t even need to tell us about it as the proof is in the fine print. This week, a United States Securities and Exchange Commission (SEC) filing revealed that multinational investment bank Goldman Sachs has been quietly offering clients exposure to Ether (ETH) through Galaxy Digital, a crypto-focused financial services provider headed by billionaire Mike Novogratz.

12.03 / 02:27

business Citi banking Startups Citi’s digital asset co-heads resign with plans to create crypto startup

Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency company but provided no additional details at the time.

12.03 / 01:57

business Blockchain Stablecoin defi donates reserves Terraform Labs donates $1.1B for Luna Foundation Guard's reserves

On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA ($1.1 billion at the time of publication) to the Luna Foundation Guard (LFG). LFG launched in January to grow the Terra ecosystem and improve the sustainability of its stablecoins. Kwon noted the funds, denominated in LUNA, will be burned to mint UST to grow the LFG's reserves:

11.03 / 21:33

business Blockchain Technology defi Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell

Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-2 Ethereum scaling solution, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services that we are terminating on 03 April 2022.” In the now-deleted Rekt article, it alleged the following:

11.03 / 14:35

business ATM CoinATMRadar Bitcoin FCA issues termination order for Bitcoin ATMs

Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country.

11.03 / 14:07

business Blockchain Women Women-led startup to help consumers monetize their data through blockchain

Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the information they share, according to the founders of Chain Collective, a Web3 startup that enables consumers to monetize their data using blockchain.

11.03 / 07:53

business Blockchain defi LA Token launches LACHAIN to bridge Ethereum-based networks

Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks.

11.03 / 06:39

business Blockchain API Stripe Support Stripe announces fiat payment support for cryptocurrencies and NFTs

U.S.-based fintech giant Stripe has significantly ramped up its crypto initiatives after it launched a service that enables payments for NFTs and digital assets via fiat currency.

11.03 / 01:01

business Blockchain NFT Sky Mavis Report: Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021

According to a recent report curated by NonFungible, players of the monster-battle nonfungible tokens, or NFTs, game Axie Infinity transacted nearly $3.5 billion worth of NFTs in 2021. This accounts for almost two-thirds of all NFTs transacted in the entire blockchain gaming industry in 2021. In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242 million, respectively.

10.03 / 21:01

business DAO foundation Voting Former ENS director of operations remains at foundation after voting against his own removal

Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him.

10.03 / 17:53

business Blockchain Mining Bitcoin Mining Difficulty While Bitcoin price starts 2022 with a slump, mining difficulty is on the rise

Since the start of 2022, Bitcoin (BTC) has seen a decline in price by more than 40% from its all-time high (ATH) of $69,044.77 on Nov 10, 2021.

10.03 / 17:53

business Blockchain Adoption coinbase information FTX joins other crypto goliaths to promote autonomy over sensitive information

Centre, an open-source technology project developed by Coinbase and Circle, has onboarded crypto exchange FTX and Alkemi Network as its latest partners to collaborate on Verite. Verite is a set of shared decentralized identity protocols — developed by Centre — to empower crypto-centric individuals and businesses by granting total control of personal information.

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