Business Financial News

19.02 / 07:31

business Blockchain Ethereum Marketplace OpenSea smart contract upgrade to delist inactive NFTs on Ethereum

OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform.

19.02 / 05:15

business Blockchain Social Media Asia Decentralization revolutionizes the creator’s economy, but what will it bring?

From video game enthusiasts monetizing their passions as shout casters to fashion influencers supercharging their careers into livestreamers on e-commerce platforms, the creator economy flourished, evolved and matured in the past year. Largely catalyzed by the ongoing COVID-19 pandemic, contemporary creators benefited from the gradual shift in consumer behaviors as more people came online across the globe. Now valued at over $100 billion, the creator economy is witnessing staggering growth as the worlds of e-commerce, social media and online communities converge.

18.02 / 23:25

business Funding Metaverse Crypto Biz: JPMorgan enters the Metaverse, Marshall Islands legalizes DAOs, Feb. 10–16

Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase issued its own bullish outlook when it labeled the etaverse a $1 trillion a year opportunity.

18.02 / 19:51

business Technology Stablecoin Interest rates Terra Usd Reserve Terra injects 450M UST into Anchor reserve days before protocol depletion

In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol's reserves. The proposal passed a vote by the Luna Foundation Guard on Feb.10. Anchor serves as the flagship savings protocol of the Terra ecosystem, offering users of up to 20% interest per annum on their UST deposits, paid for by borrowers.

18.02 / 12:09

business Binance Bitcoin Binance exec to lead crypto expert center by Russian bank association

Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia.

18.02 / 06:41

business NFT CryptoKitties Nifty News: UFC Strike marketplace, Horrific Crypt TV, and new travel NFTs

NFT developer Dapper Labs launched the UFC Strike nonfungible token (NFT) marketplace on Feb. 18, contributing to a 50% increase in NFT sales on the Flow blockchain over the last 24 hours.

18.02 / 00:43

business Stablecoin Circle Usd Coin Concord valuation Circle’s valuation doubles to $9B following revised merger agreement with Concord

USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020.

17.02 / 20:31

business Funding Venture Capital Digital Currency Group DCG leads $205M growth fund for The Graph

Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.

17.02 / 19:17

business Funding Venture Capital Sequoia Capital launches crypto fund worth up to $600M

American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.

17.02 / 17:11

business Telegram advertisement Bitcoin Crypto spawns most expensive adverts on Telegram in 2021: Data

Cryptocurrency-themed advertising has been growing extremely popular on Telegram, with some ad firms reporting on crypto becoming the most expensive advert type on the platform in 2021.

17.02 / 16:01

business Adoption Environment Bitcoin Bitcoin Miner Flower powered: Bitcoin miner heats greenhouses in the Netherlands

Bitcoin (BTC) mining generates a lot of “waste” heat. As energy prices spiral out of control in Europe, miners have come up with creative ways of recycling the heat generated by solving valid Bitcoin blocks.

17.02 / 06:05

business Sport partnership Deal National Swyftx Swyftx signs major sponsorship deal with Aussie National Rugby League

Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL).

17.02 / 05:29

business Bitcoin Returns Bitcoin miners selling stock and BTC as returns halve since November

Bitcoin miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November.

17.02 / 01:35

business Adoption JPMorgan banking businesses Here is JPMorgan's 'Metaverse Strategy' Advice for Businesses

US-based banking giant JPMorgan finds that the metaverse will bring the need for new services and business models tailor-made for that digital era. It argues that this does not mean businesses should abstain from exploring the metaverse – and for companies interested in going down this path, JPMorgan has some advice.

17.02 / 00:41

business FATF AML compliance US-based crypto firms join forces for travel rule compliance

Many major crypto companies based in the United States have released a solution for the Financial Action Task Force's Travel Rule.

16.02 / 21:55

business Investments Europe Bitcoin International Fidelity International launches Bitcoin ETP on Deutsche Boerse

Major financial services firm Fidelity International will be listing a Bitcoin exchange-traded product on the SIX Swiss Exchange and Germany’s Xetra digital stock exchange.

16.02 / 16:22

business Binance regulation Deal Financial Binance's Paysafe deal worries UK financial watchdog

The Financial Conduct Authority (FCA), the top financial authority in the United Kingdom, has raised concerns over Binance’s recent partnership with Paysafe, a retail payment processor.

16.02 / 15:09

business Stablecoin Payments acquires Fireblocks acquires stablecoin payments platform First Digital

Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabilities for the cryptocurrency sector.

16.02 / 14:22

business Adoption Sport partnership Red Bull Racing scores $150M sponsorship with Bybit

Following Red Bull Racing's most recent wins at Formula One (F1), the racing team scores a three-year partnership with Singapore-based crypto trading platform Bybit for $50 million per year. According to the announcement, the fee will be paid in a combination of fiat and BitDAO (BIT) tokens.

16.02 / 14:22

business Blockchain Report Bitcoin Financial 61% of Luxembourg financial players to embark on crypto journey in 2022: PwC

In a bullish report released by professional services firm PwC Luxembourg, 61% of 123 Luxembourg-based financial players are “embarking or planning to embark on a crypto journey.”

16.02 / 14:21

business Report Survey Bitcoin Consumer-merchant mismatch slows down mainstream crypto adoption: Survey

The secret to fast-track cryptocurrency’s mainstream adoption lies within addressing a contradicted consumer demand for crypto payments across business verticals, reveals a new survey.

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