Business Financial News

09.02 / 20:09

business Payments Altcoin Report Cointelegraph Research: Valuing a crypto payment token

For payment tokens such as Alchemy Pay’s ACH, there may not necessarily be a world where cryptocurrencies are widely accepted as a medium of exchange for everyday transactions, such as buying a gallon of milk in the grocery store, without fiat. This is because two parallel economies exist, and bridges between fiat and cryptocurrency are needed for the time being.

09.02 / 16:39

business Investments Bitcoin settlement Bitcoin dated futures with physical settlement go live on Eqonex

The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement.

09.02 / 14:39

business Twitter Bitfinex Ava Labs Bitcoin recovery Bitfinex hack recovery spurs crypto community responses

On February 1, there were movements of around $2.5 billion from the 2016 Bitfinex hack wallets. After reviewing the transactions, Cointelegraph reported that around 90,000 Bitcoin (BTC), worth $3.6 billion, consolidated into one wallet address. More than a week later, the hackers were caught.

09.02 / 13:55

business Adoption Bitcoin JPMorgan estimates ‘fair value’ of Bitcoin at $38K

AmidBitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.

09.02 / 05:09

business Microsoft Gaming GameStop stock up on rumors of Microsoft NFT game partnership

The stock price of popular video game store chain GameStop (GME) surged roughly 13% in one day amid rumors circulating online regarding a partnership with Microsoft to work on NFT gaming.

09.02 / 01:37

business Japan-based messaging app will offer trial run of native token starting in March

Users of Japanese messaging giant LINE will soon be able to use the app’s native token for payments at select online merchants in a limited trial.

08.02 / 23:23

business Blockchain PayPal PayPal establishes advisory council for crypto and blockchain

Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain, and digital currencies.

08.02 / 20:21

business Blockchain Ethereum Bitcoin Bybit partners with Cabital to offer EUR and GBP fiat onramps

On Tuesday, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for the euro (EUR )and British pound sterling (GBP) on-ramp integration.

08.02 / 17:30

business defi Investments Funding Alchemy joins Web3 decacorns club following $200M funding

Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold.

08.02 / 15:21

business Blockchain Reddit Bitcoin Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA

While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of u/Samjhill on Reddit has built a trading tool that outperforms dollar-cost averaging (DCA) for buying Bitcoin (BTC).

08.02 / 13:51

business Ripple coinbase Crypto Lobbying US crypto lobbying expenditure doubles in 2021: Here are the biggest spenders

Cryptocurrency advocates in the United States have been increasingly putting efforts to support the industry, with crypto lobbying spending growing significantly in recent years.

08.02 / 12:01

business Blockchain Adoption Bitcoin Singapore saw 13x jump in crypto investments in 2021: KPMG

Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG's Pulse of Fintech report.

08.02 / 09:25

business Trading coinbase Backed Softbank backed startup to offer retail crypto trading

Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading to retail investors.

08.02 / 05:49

business Metaverse Research Time A quarter of people will spend time in the Metaverse by 2026: Research

By 2026, 25% of people will spend at least one hour a day in the Metaverse for work, shopping, education, social, and entertainment purposes, according to new research.

08.02 / 01:09

business Twitter Ban DAO ENS dumps director of operations in condemnation of homophobic tweets

True Names Limited, the nonprofit behind distributed domain protocol Ethereum Name Service, announced it would be ending its contract with director of operations Brantly Millegan after many uncovered his previously posted anti-LBGTQIA tweets.

08.02 / 00:13

business Investments Banks Wells Fargo Global crypto adoption could 'soon hit a hyper-inflection point': Wells Fargo report

Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet.

07.02 / 20:03

business Blockchain Google Cybersecurity Google Cloud Google Cloud to detect crypto-mining malware on virtual machines

It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Google Cybersecurity Action Team (GCAT) has created a threat detection service to shield “poorly configured” accounts that attackers use to mine cryptocurrency.

07.02 / 20:01

business Investments NASDAQ SEC Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8

Crypto asset manager Valkyrie will have an exchange-traded fund (ETF) with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting Tuesday.

07.02 / 18:31

business Polygon Funding Venture Capital Polygon raises $450M in Sequoia-led funding round

Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to support the future of Web3 development.

07.02 / 18:27

business Art Court Copyright ‘Wave of litigation’ to hit NFT space as copyright issues abound

Ownership is one of the most critical aspects of nonfungible tokens (NFT). They are a representation of the evolution of execution and ownership of art, content, music, in-game assets, etc., since they are digital assets with distinctive identities that are verifiable on a blockchain network.

07.02 / 17:05

business Blockchain Investments Aleo Privacy-focused applications platform Aleo raises $200M

Zero-knowledge applications platform Aleo has raised $200 million in a solid investment round, pushing the company forward and supporting its goals to develop products and services that encourage and assist developers in building applications on top of its decentralized network.

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