Business Financial News
07.03 / 19:51
business
Web3
Funding
Venture Capital
VC Roundup: Web3 infrastructure developers attract major investors
Despite extreme volatility in the price of crypto assets, venture funds continue to make strategic investments in the industry. In recent weeks, the focus has shifted to infrastructure developers in Web3, play-to-earn and GameFi — nascent industries that still have significant upside ahead.
07.03 / 17:03
business
Binance
Bitcoin
Binance to focus on crypto payments with new subsidiary Bifinity
Binance, the world’s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments technology by launching its own crypto payment provider.
07.03 / 15:01
business
Europe
European Union
FTX expands to Europe with CySEC approval
The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC).
07.03 / 11:37
business
Ethereum
Art
Bitcoin
Auctioneer willing to sell $70M artwork for BTC or ETH
In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options.
07.03 / 11:05
business
coinbase
Bitcoin
compliance
Coinbase proposes crypto tech to promote global sanctions compliance
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. The recommendation comes along with highlighting the ease of laundering and sanction evasion of fiat currencies made possible by traditional financial infrastructures.
07.03 / 08:53
07.03 / 07:19
business
defi
Developers
yearn.finance
DeFi 'Godfather' Cronje quits as TVL and tokens tank for related projects
DeFi architect, Fantom Foundation technical advisor, and Yearn Finance founder Andre Cronje has left the decentralized finance (DeFi) space reeling after deactivating his Twitter account.
06.03 / 05:15
business
Blockchain
Technology
DAO
The post-consortia era: How enterprises are embracing Web3 structures
Now that the initial hype surrounding blockchain applications and the prolonged blockchain “winter” that followed are left behind, we now find ourselves in the middle of a “spring” that is helping organizations reimagine how they deliver value. So much so that blockchain is expected to add $1.76 trillion to the global economy by 2030, according to PWC.
05.03 / 13:51
business
Bitcoin
services
US Senate allows Virginia banks to offer crypto custody services
The United States Senate unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services.
04.03 / 21:53
business
Donations
National
Support
Russian national will use sales of her burning passport NFT to support Ukraine
Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness and funds related to the military conflict in Ukraine.
04.03 / 18:54
business
Blockchain
Sport
Football
Manchester footballing rivalries commence in field of Web3
Leading English football club Manchester City have announced an inaugural cryptocurrency exchange partnership with OKX across both its men’s and women’s teams, as well as the clubs emerging e-sports ventures.
04.03 / 16:35
business
Binance
coinbase
How crypto execs react to economic sanctions against Russia?
As the West and America tighten their economic sanctions on Russia, concerns have emerged about how this will affect the cryptocurrency market.
04.03 / 10:11
business
Blockchain
Mobile Games
The Sandbox Metaverse hits 2M users, begins K-Pop partnership
The Sandbox metaverse game owned by NFT investment giant Animoca Brands has surpassed 2 million registered users amid its play-to-earn season 2 alpha launch.
04.03 / 06:47
business
NFT
Funding
API
NFT infrastructure startup Rarify raises $10M from Pantera Capital
NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million.
04.03 / 00:05
business
Ban
DAO
Voting
Former ENS director of operations may remain at foundation after voting against his own removal
Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director.
03.03 / 23:17
business
Proof-of-stake
Ethereum staking
Andreessen
Andreessen Horowitz invests $70M in Ethereum staking protocol Lido
Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021.
03.03 / 21:51
business
Donations
Digital Currency Group
Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3
After spending years ridiculing Bitcoin and cryptocurrency, Wall Street’s billionaire class is finally warming up to the idea of virtual assets powering the digital economy. This week, Citadel founder and billionaire Ken Griffin formally backtracked on his anti-crypto stance as he announced that his firm would begin offering digital assets to its clients. Of course, Griffin isn’t the only wealthy investor to have a change of heart, so we’re not going to bust his chops too much.
03.03 / 16:55
business
Government
Blockchain
Bitcoin
Experts weigh in on new crypto regulations in South Africa
As part of a series of amendments to South Africa’s financial laws, crypto-asset service providers will become accountable institutions. A report from the South African treasury announced further crypto regulations “to be finalized during 2022.”
03.03 / 16:35
business
cryptocurrency
Binance
NOT
Crypto exchange Binance says will not accept cards of sanctioned Russian banks
Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.
03.03 / 10:23
business
Blockchain
Bitcoin
Japanese wealth manager Nomura to explore crypto and NFTs with new unit
In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class.
03.03 / 06:43
business
Blockchain
Law
Ethereum
audit
Former ConsenSys employees file for audit claiming 'serious irregularities'
A group claiming to represent 35 former ConsenSys AG (CAG) employees has requested an audit under the Swiss Code of Obligations to investigate “serious irregularities” they allege occurred at the company during mid-2020.
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