Business Financial News

23.02 / 01:33

business Hackers hacks Ethereum Classic Exploit Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The Dao: Report

Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016.

23.02 / 00:03

business Stablecoin Ecosystem Terra Usd Bitcoin Reserve Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens.

22.02 / 22:19

business Blockchain Technology Adoption Deal acquires London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of the latter:

22.02 / 21:43

business ETF Investments SEC Grayscale launches campaign to encourage public comments on Bitcoin ETF application

As the U.S. Securities and Exchange Commission is considering whether to approve or deny asset manager Grayscale’s application for a Bitcoin spot exchange-traded fund, the firm has called on American investors to submit comments to the regulator.

22.02 / 19:55

business Blockchain coinbase advertisement Who really created the Coinbase Superbowl ads? Armstrong called out on Twitter

The Coinbase ad which aired during the Superbowl last week appears to be causing quite a stir on social media in light of new information on its origins. When scanned, the 60-second tv spot featured a color-changing, bounciful QR code that brought users to a promotional BTC giveaway page — seemingly based on the oft-meme'd DVD screensavers of yore.

22.02 / 15:07

business Europe Funding UK government approved BitPanda to provide crypto custody with the acquisition of FCA-approved Trustology

BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount.

22.02 / 13:43

business stocks Bitcoin Here’s how Thai Stock Exchange plans to connect crypto with its digital asset platform

The Stock Exchange of Thailand (SET) is looking at launching a new digital asset exchange integrated with the cryptocurrency market, according to president Pakorn Peetathawatchai.

22.02 / 09:25

business Blockchain Investments Crypto trading firm Amber valued at $3B after big Singaporean investment

Crypto finance service provider Amber has landed a valuation of $3 billion following a funding round led by Singaporean state-owned investment firm Temasek Holdings.

22.02 / 06:59

business cryptocurrency World Bitcoin Russia-Ukraine crisis: Cryptocurrencies plunge from impact, Bitcoin in red

Cryptocurrencies traded in the red early on February 22 amid the impact of the Russia-Ukraine crisis. Russia's continued aggression towards Ukraine has prompted the United States and Europe to vow sanctions, further casting shadow over global markets.

22.02 / 06:17

business cryptocurrency Bitcoin Cryptocurrency Prices Today February 22: Bitcoin, Ethereum down 4%, Cardano tanks 11%

Cryptocurrencies traded in the red early on February 22. The global crypto market capitalisation is $1.68 trillion, a 5.57 percent decrease over the last day. The total crypto market volume over the last 24 hours is $100.86 billion, a 43.65 percent increase.

22.02 / 04:55

business Adoption Sport Metaverse Manchester City to build Etihad Stadium in the Metaverse

Premier League champions Manchester City and their new partner Sony have begun building a virtual replica of the Etihad Stadium which will be the team’s central hub in the Metaverse.

22.02 / 00:45

business Blockchain Food DAO FriesDAO scoops up fast food franchises as part of its crypto governance experiment

A new proof of concept decentralized autonomous organization, or DAO, called FriesDAO wants to democratize access to the fast food industry. Cointelegraph spoke to FriesDAO advisors Brett Beller and Bill Lee about their mission to be a "part of something that will connect crypto and virtual ownership to real-world assets.”

21.02 / 23:49

business VISA income Financial Can crypto be used to prove financial independence for travel visas?

For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad is a relatively new concept.

21.02 / 16:57

business Adoption coinbase API Low NOT $250K bounty 'not too low to be insulting,' says Coinbase white hat hacker

On February 11th, two days before the Super Bowl and Coinbase’s $14 million color-changing QR code advert, an engineer was desperately trying to reach out to Coinbase management and the development team.

21.02 / 15:41

business Bitcoin index Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts.

21.02 / 13:41

business Adoption Bitfury Bitcoin Georgia punches well above its weight for Bitcoin mining: Report

At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldwide for the World Bank’s ease-of-doing-business index — ahead of the United Kingdom and Germany.

21.02 / 11:21

business Adoption Intel Bitcoin Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining

Computer chip manufacturing giant Intel Corporation shared details of a new mining chip that will be coupled with a high-performance 3,600 Watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.

21.02 / 09:07

business ETF Investments KB Bank to launch South Korea’s first crypto investment fund

Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors.

21.02 / 08:53

business defi Sport DAO Former Cisco employee launches DAO to buy Denver Broncos

A new decentralized autonomous organization (DAO) has been formed to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for around $4 billion.

20.02 / 17:45

business Blockchain Adoption South America NFTs, payments and conferences: Crypto in Latin America in 2021

In 2021, Latin America saw a soaring rise in crypto adoption among the 20 countries and 14 dependencies that make up the region.

19.02 / 23:33

business Government Ethereum Bitcoin Crypto miners Mining worldwide: Where should crypto miners go in a changing landscape?

One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.

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