Business Financial News

16.02 / 11:03

business Adoption Bitcoin Aussie trading platform SelfWealth to offer crypto trading to its 325K users

Publicly-listed company SelfWealth (ASX: SWF) has reportedly become the first Australian online share trading platform to offer cryptocurrency investing after announcing a deal with the local crypto exchange BTC Markets.

16.02 / 07:45

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today February 16: Bitcoin and Ethereum up; Tether down marginally

Cryptocurrencies traded in the green early on February 16. The global cryptocurrency market cap is $1.99 trillion, a 2.45 percent increase over the last day. The total crypto market volume over the last 24 hours is $75.55 billion, a 5.08 percent increase.

16.02 / 06:23

business Blockchain NFT '$1T opportunity': JPMorgan becomes first major bank in the Metaverse

The largest bank in the US, JPMorgan, has taken a massive step into the Metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labelled the sector as a “$1 trillion opportunity.”

16.02 / 01:09

business NFT NYSE NYSE files a trademark application for trading NFTs

The New York Stock Exchange, or NYSE, has filed a trademark application with the United States Patent and Trademark Office, or USPTO, on Feb 10 to register the name “NYSE” for several blockchains and crypto related products and services. The goods specified include virtual reality and augmented reality software, nonfungible tokens, or NFTs, and online marketplaces.

15.02 / 22:51

business Adoption Scams Customer OpenSea customer service migrating from Discord to Metalink to more adequately protect its community

On Tuesday, nonfungible token, or NFT, platform OpenSea launched a server on Metalink to give the verified owners of its collections a direct channel for support, feedback and updates. In addition, OpenSea said it would no longer offer customer support over Discord DMs. Metalink is a collaboration app for NFT communities that offers users a place to view their collection's value and monitor its associated real-time transaction feed. In addition, channels hosted on Metalink are token-gated, meaning that proof of ownership of an NFT or social token is required to access the content.

15.02 / 20:20

business DAO IMF Marshall Islands officially recognizes DAOs as legal entities

The Republic of the Marshall Islands has moved to formally recognize decentralized autonomous organizations, better known as DAOs, as legal entities — a move that gives collectively owned and managed blockchain projects formal recognition on the global stage.

15.02 / 13:31

business Twitter Scams Counterfeit NFTs result in marketplace shutdown: Experts weigh in

“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations.

15.02 / 12:47

business Government Bitcoin Russian Ministry wants to legalize Bitcoin mining in specific areas

Amid the Russian government continuing working hard to come up with cryptocurrency regulations, a federal ministry has made another proposal regarding the crypto mining industry.

15.02 / 01:19

business Blockchain Technology Adoption crypto donations Charities Where do crypto donations go? Here are six charities that have benefited, as told by The Giving Block

Charities and donations have been a trending topic in the cryptocurrency realm as of late. And it's not simply an act of giving. In countries such as the United States, the country's revenue authority provides generous tax deductions for those who donate their crypto to registered charities. One company, The Giving Block, provides such crypto-fundraising onboarding solutions to more than 1,000 nonprofits.

14.02 / 22:29

business Technology Adoption Bitcoin Are we misguided about Bitcoin mining's environmental impacts? Slush Pool's CMO Kristian Csepcsar explains

It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla's CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that his namesake car company would abandon plans to accept BTC, citing "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." However, a recent report published by CoinShares notes that despite the widespread use of coal, oil, and gas for Bitcoin mining, the network accounts for less than 0.08% of the world's CO2 production.

14.02 / 20:13

business Funding Metaverse Venture Capital VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure

Venture capital funding in the cryptocurrency market is showing no signs of slowing, as major investors continue to back promising startups in niche industries spanning the metaverse, nonfungible tokens (NFTs) and GameFi.

14.02 / 18:09

business identity Internet Opera Opera browser to enable emoji-based web addresses

Opera announced a partnership with Yat, a platform that allows the creation of emoji-based web addresses (URL), for integrating the emoji system in Opera’s browsers across all operating systems. Celebrating the announcement, the duo launched an event to distribute seven nonfungible tokens (NFTs) from legendary NFT artist Fvckrender valued at a floor price of 2.89 Ether (ETH).

14.02 / 15:51

business Fraud Bitcoin Singaporean megabank DBS works on expanding Bitcoin trading to retail

DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO.

13.02 / 20:15

business Blockchain regulation Bitcoin 4 factors to consider when choosing an industrial-scale Bitcoin mining location

Large-scale miners are the dominant players in Bitcoin (BTC) mining — we should know because we are one. Having scaled up from a set of mining rigs in my dorm room, our team at Genesis Digital Assets has grown to over twenty industrial-scale mining farms across the globe in just eight years. Every quarter, we continue to scale and build more.

12.02 / 18:33

business Blockchain Adoption Bitcoin P2P payments spurred crypto adoption across Venezuela in 2021

For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible.

12.02 / 14:33

business Netflix Bitcoin Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin

Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time.

12.02 / 12:47

business Adoption Europe Bitcoin Hungary's central bank chief wants EU-wide crypto trading and mining ban

György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union.

12.02 / 12:13

business Blockchain Technology Trading Ava Labs network What is Avalanche Network (AVAX) and how does it work?

Launched in 2020 by Ava Labs, Avalanche is a blockchain platform that is smart contract-capable. Avalanche aims to deliver a scalable blockchain solution while maintaining decentralization and security, focusing on lower costs, fast transaction speeds, and eco-friendliness.

11.02 / 22:47

business Adoption Intel Bitcoin Intel to enter crypto space with blockchain accelerator shipping later this year

On Friday, Raja M. Koduri, senior VP of accelerated computing systems and graphics group at Intel, declared their intent to contribute to the development of blockchain technologies. This begins with introducing energy-efficient crypto mining accelerators to be released this year. Previously, Intel had announced it would unveil the next generation of Application-Specific Integrated Circuit mining machines at the next International Solid-State Circuits Conference later this month.

11.02 / 20:35

business Technology Bitcoin The world's first and oldest Bitcoin mining pool has mined nearly 1.3 million BTC since inception

All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As a result, Braiins, a company doing embedded Linux development and research, took over the mining pool and renamed it accordingly.

11.02 / 19:53

business Blockchain Bitmain Bitcoin Standard Joint Venture Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard

Beijing-based Bitmain has partnered with a United States-based sustainable Bitcoin miner, Merkle Standard, which will contribute capital investment, expertise and parts.

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