Business Financial News

28.01 / 12:05

business Fashion Louis Vuitton may consider metaverse as business opportunity

Luxury brand Louis Vuitton (LHMV) may consider metaverse as a business opportunity, CEO Bernard Arnault said. He, however, also sounded a note of caution and said the company was wary of bubbles.

28.01 / 08:13

business Adoption Apple Apple stock jumps after CEO reveals it's investing in the Metaverse

Apple's stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space.

28.01 / 05:21

business Twitter NFT Marketplace OpenSea reverses limits on minting after community backlash

NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract.

28.01 / 04:01

business Banks Bitcoin services Flushing it: $8B New York commercial bank to offer Bitcoin services

Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its customers.

28.01 / 01:17

business Blockchain Stablecoin Adoption Terra Luna Borrowing reserves Anchor protocol's reserves head toward depletion due to lack of borrowing demand

Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the "terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8" smart contract has declined by over 50%, with only $35.7 million remaining.

28.01 / 00:37

business Ripple SEC Funding Crypto Biz: Ripple takes the high road, Jan. 20-26

Blockchain payments company Ripple made it abundantly clear this week that it's not letting its feud with the United States Securities and Exchange Commission (SEC) hold back its business plans. On Wednesday, the company announced it had repurchased all Series C shares that it issued to private investors back in December 2019 — even though a court ruling in 2021 said it didn't have to.

27.01 / 21:51

business Facebook ETF Investments Holdings Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings

An exchange-traded fund linked to companies involved with the Metaverse launched on the Cboe BZX Exchange — shorting shares of Facebook’s parent company, Meta.

27.01 / 17:09

business Government Blockchain Bitcoin Crypto industry seems willing to adopt FATF travel rule: Survey

The cryptocurrency industry is eager to comply with the Financial Action Task Force's (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found.

27.01 / 16:07

business Blockchain Technology Adoption zkSync BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync

On Thursday, a proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast. The proposal was authored by Matter Labs — the organization behind Ethereum scaling protocol zkSync — and Mirana Ventures.

27.01 / 15:32

business Funding Venture Capital Financial Services Crypto infrastructure firm Fireblocks valued at $8B following $550M raise

Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility.

27.01 / 15:31

business Funding Venture Capital Taxes Crypto tax calculator CoinTracker valued at $1.3B following $100M raise

Cryptocurrency portfolio tracker and tax calculator CoinTracker has attained “unicorn” status after raising $100 million in Series A financing, demonstrating once again that investors are allocating vast sums of capital toward crypto-focused companies.

27.01 / 14:07

business SEC Gemini Interest rates SEC reportedly probing crypto lending products by Gemini and Celsius

The United States Securities and Exchange Commission (SEC) is reportedly reviewing some of the high-yield crypto lending products offered by Gemini, Celsius Network and Voyager Digital.

27.01 / 08:55

business Twitter Art Reddit testing Reddit is testing out NFT profile pics but ‘no decisions have been made’

Reddit is testing out NFT profile pictures on its platform, with the news coming just a week or so after Twitter implemented a similar feature.

27.01 / 08:49

business defi wallet security MetaMask's new inbuilt multi-chain institutional custody feature

The institutional arm of the Consensys-owned MetaMask has integrated its first multi-chain digital asset custody solution called Cactus Custody.

27.01 / 07:33

business cryptocurrency Crypto money laundering Crypto money laundering rises 30% in 2021: Report

Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30 percent from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday.

27.01 / 01:53

business Italian business leaders embarrass Rome by holding video meeting with Vladimir Putin

Russian President Vladimir Putin met via video-link with business leaders from leading Italian companies on Wednesday, in spite of the tensions between Moscow and the West over Ukraine and NATO.

26.01 / 19:07

business ETF SEC Bitcoin valkyrie Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq

Crypto asset manager Valkyrie has filed an application with the United States Securities and Exchange Commission to trade an exchange-traded fund with exposure to Bitcoin mining firms on the Nasdaq Stock Market.

26.01 / 16:59

business cryptocurrency SoftBank FTX Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek

Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.

26.01 / 16:07

business Blockchain Ripple SEC Buyback Ripple announces $200M share buyback and expresses optimism for 2022

Blockchain payments firm Ripple has announced a $200 million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.

26.01 / 13:43

business Blockchain Adoption Bitcoin Can DeFi and CeFi coexist? Three takeaways from experts panel

As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available to users in the future.

26.01 / 13:23

business Investments valuation Crypto exchange FTX US closes $400M funding round to reach $8B valuation

Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding.

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