Business Financial News

01.02 / 00:51

business CBDC Yuan Winter Olympics restrictions COVID restrictions COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: report

Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic.

01.02 / 00:33

business Blockchain Adoption Bitcoin network Report: Bitcoin mining network accounts for 0.08% of world's CO2 production

In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world's total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates regarding the efficiency of the Bitcoin network, its energy use, hardware, etc., on a global scale. As a result, it may not reflect the actual CO2 emission of the network. But the report's estimate of worldwide CO2 emission is mainly in-line with industry figures.

31.01 / 22:07

business Blockchain Adoption ETF VanEck launches its first multi-token cryptocurrency fund

On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds, and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss Exchanges with exposure to Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Tron, Avalanche (AVAX), and Polygon (MATIC).

31.01 / 18:03

business Adoption Sport Turkish blockchain company opens regional crypto exchanges in globalization bid

Turkish blockchain provider Bitci seeks to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors.

31.01 / 17:29

business wallet solana Funding Solana Ecosystem Solana ecosystem wallet Phantom raises $109M

Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana.

31.01 / 17:29

business Funding Bitcoin valuation FTX exchange breaks $32B valuation despite crypto winter fears

Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.

31.01 / 12:31

business Government Blockchain Safeguards UNICEF calls for child safeguards amid mainstream crypto adoption

The United Nations Children's Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets.

31.01 / 09:45

business Blockchain Health Coronavirus Singapore firm uses blockchain to battle counterfeit COVID-19 jabs

Singaporean healthcare services provider Zuellig Pharma is using a blockchain-based network to track COVID-19 vaccinations to prevent practitioners from administering expired vaccines.

30.01 / 14:33

business Blockchain Adoption Pilots China pilots nationwide blockchain development over real-world use cases

The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities.

29.01 / 18:03

business Stablecoin Adoption PayPal PayPal stablecoin: What it could mean for payments

PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.

29.01 / 16:09

business Blockchain Bitcoin services Meta goes Brazil to trademark Bitcoin and crypto services

Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services.

29.01 / 12:31

business Blockchain Technology Ethereum Etherscan What is Etherscan, and how does it work?

Etherscan is the most trusted tool for navigating through all the public data on the Ethereum blockchain and is sometimes called “Ethplorer.” This data includes transaction data, wallet addresses, smart contracts and much more. The application is self-contained and is neither sponsored nor administered by the Ethereum Foundation, which is a non-profit organization.

29.01 / 10:13

business Blockchain Technology Adoption How can the Metaverse help the food industry?

Cryptocurrencies and the food industry might not seem like the most intuitive pairing — one based in the digital realm and the other firmly rooted in the physical. But going back to the earliest days of crypto, the very first real-world use case for Bitcoin (BTC) was food-related. On May 22, 2010, Laszlo Hanyecz enacted the first documented commercial BTC transaction, buying two Papa John’s pizzas for the princely sum of 10,000 BTC.

29.01 / 09:49

business Blockchain SEC SEC approves BSTX for blockchain settlements on traditional markets

The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange.

29.01 / 01:03

business Blockchain Technology defi Rug Pull CertiK's identification of Crypto Cars as 'rug pull' was a false alarm

In a period of market downturns, rumors of crypto bans, and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a leading cybersecurity ranking platform in the blockchain space, issued a warning via Twitter regarding CryptoCars, alleging that it was a "rug pull." However, the staff quickly deleted the post as it was a false alarm.

29.01 / 00:59

business Blockchain Adoption Fitch says proposed Russia crypto ban eases risks but curbs innovation

On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the diffusion of technologies that could improve productivity."

28.01 / 22:33

business Adoption ETF SEC Fidelity seeks approval for 2 more crypto-metaverse ETFs

Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission's, or SEC's, rejection of its Wise Origin Bitcoin Trust spot ETF on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are titled are the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF respectively. In rejecting the Wise Origin Bitcoin ETF, the SEC cited the exchange listing the ETF, the Cboe BZX, does not have a proper "surveillance-sharing agreement with markets trading" to prevent fraud and protect investor interests.

28.01 / 20:51

business Blockchain Sport education LeBron James and Crypto.com team up for blockchain education initiative

In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com to support educational and workforce development opportunities focused on Web 3.0. Specifically, as told by local news outlet Akron Beacon Journal, the partnership will help 1,600 kids in LeBron James' hometown of Akron, Ohio about the technology behind cryptocurrencies and how it will benefit their career paths in the future.

28.01 / 17:39

business Law Adoption Staying cool: Is crypto snowballing to 1 billion users this year?

Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022.

28.01 / 16:11

business defi Funding DApp Multichain Multichain DApp protocol Astar raises $22M in latest round led by Polychain

Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise.

28.01 / 16:11

business Blockchain Payments Google Google Cloud Google Cloud ramps up blockchain efforts by launching digital assets team

Blockchain, cryptocurrency and decentralized technology are all fascinating topics that have been heating up for almost a decade. Nowadays, everyone wants to be part of cutting-edge innovations.

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