Business Financial News

28.02 / 23:01

business Bitcoin Bitcoin Price Bitcoin climbs Ruble Bitcoin climbs to $41K and flippens the Russian ruble

After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble.

28.02 / 21:13

business Blockchain Technology Adoption Neo users explain why they've held on to the project despite China's heavy crypto crackdown

It's been a wild ride for Neo (dubbed by some as "Ethereum of China") investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations. But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and a bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of Neo N3 mainnet last year.

28.02 / 17:27

business Blockchain Technology Adoption Ava Labs Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Wirex, a digital payment platform that enables users to spend 62 fiat and cryptocurrencies at more than 61 million locations worldwide via the Wirex platform, announced the integration of Avalanche (AVAX) into its ecosystem on Monday. With the move, users can receive, send, store, and exchange AVAX tokens, and add custom tokens via the Avalanche blockchain. The company plans to onboard multiple AVAX based tokens over the next few months.

28.02 / 14:55

business Payments VISA South America businesses Tribal partners with Visa to expand credit options for businesses

Crypto-focused enterprise payment platform Tribal Credit has partnered with Visa to expand credit and financing options for small- and medium-sized enterprises across Latin America, highlighting the growing synergies between traditional payment providers and the blockchain industry.

28.02 / 14:25

business Blockchain Africa Bitcoin One man's plan to orange pill a nation: Bitcoin Senegal

Nourou is a 29 year old Bitcoiner with a vision for his home country. A former financial analyst for a French Bank, he founded Bitcoin Senegal in late 2021.

28.02 / 12:47

business Tether Bitcoin Ruble Time USDT records new all-time high against Russian ruble as inflation hits

U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.

28.02 / 09:01

business NFT regulation National South Korea to invest $187M in national Metaverse

South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.

28.02 / 02:11

business Adoption NFT Gaming Are NFTs coming soon to your favorite video games?

In 1996, when the Nintendo 64 was first launched in the United States, it sold 1.6 million units (worth $200 each) in its first quarter. Its closest competitor for the holiday season was a $30 Tickle Me Elmo doll, which sold around a million units in the same window. More than 20 years later, when Nintendo’s $300 Switch sold 1.5 million units in its first week, there was a lot more competition, and not just for the holiday season.

27.02 / 09:51

business Adoption European Commission Bitcoin network Cross-border EU Commission to remove Russian banks from SWIFT cross-border network

The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments.

27.02 / 08:17

business Technology Adoption community Why decentralization isn’t the ultimate goal of Web3

The transition from Web2 to Web3 is inevitable. Yet, as the demand for decentralization gains momentum, several important questions are being raised about the current state of blockchain technology and its promised “decentralization.”

27.02 / 08:01

business Blockchain Ethereum Bitcoin Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war

Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations.

27.02 / 05:35

business Blockchain Adoption Gaming DAO is the major concept for 2022 that will disrupt many industries

The blockchain and cryptocurrency rave is not ending anytime soon. And as more people are being introduced to revolutionary technologies in the digital space, new improvements upon these technologies are also being introduced. In the last couple of years, the DeFi and NFT industries have experienced immense levels of growth and, currently, metaverses and Web3 are the technologies making the digital space light up.

26.02 / 09:25

business Blockchain Scams Indian DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme

The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process.

26.02 / 08:15

business Blockchain Adoption Gaming Future Is there a future for digital fashion in the Metaverse?

ourtesy of Kat Taylor Cattytay, digital fashion appeared in 2017. However, we began to talk loudly about it only in 2020. It all began five years ago when Kat first made an Instagram post with the caption “Virtual Clothing!!!”

26.02 / 00:03

business Stablecoin Tether Circle Crypto Biz: Stablecoins are serious business, Feb. 17-24

Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally quelled in May 2021 when Tether passed an assurance test by disclosing its reserves for the first time. For some onlookers, the reserve breakdown created more questions than answers due to the stablecoin issuer’s oversized exposure to commercial paper.

25.02 / 20:31

business coinbase goldman sachs Time Goldman Sachs exec joins Coinbase: 'It's time to embrace the cryptoeconomy'

Roger Bartlett, a Goldman Sachs veteran who has held various positions at the firm since 2005, announced he would be moving to Coinbase.

25.02 / 17:40

business cryptocurrency Supreme Court Centre SC asks Centre to clear its stand on legality of cryptocurrency trade in India

The Supreme Court on Friday asked the Centre to make its stand clear on whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not.

25.02 / 06:43

business Gemini Gemini joins Coinbase and Block at the Crypto Council for Innovation

The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation.

25.02 / 06:43

markets business NASDAQ coinbase Q4 Coinbase made $2.2 billion in revenue from transaction fees in Q4

Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst predictions by 27%.

25.02 / 04:51

business Mining Bitcoin US Bitcoin miners expanding operations despite price volatility

Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoin’s (BTC) three-month downturn.

24.02 / 21:27

business Technology Metaverse Monster Energy files NFT and metaverse trademark applications

According to recent filings with the United States Patent and Trademark Office (USPTO), Monster Energy has four pending trademark applications related to the nonfungible tokens (NFTs) and metaverse realms.

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