Business Financial News
26.01 / 08:41
business
Investments
coinbase
Grayscale
Low
Grayscale considers VeChain and Iota as Coinbase lists 4 low-cap coins
Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.
26.01 / 08:41
business
Sport
Bitcoin
Bitcoin Price
NFL star's massive tax bill highlights problems with BTC salaries
NFL Star Odell Beckham Jr's (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61% less than if he’d taken his salary in fiat.
26.01 / 08:41
business
Ethereum
Hackers
hacks
Etherescan adds new messaging feature for anons: 'Blockscan Chat'
The team behind the popular blockchain explorer and analytics platform Etherscan has launched an Ethereum-based wallet-to-wallet instant messaging service dubbed “Blockscan Chat.”
26.01 / 07:01
business
goldman sachs
DELL
Ex-Goldman Sachs banker launches crypto app after $33M raise
The former Head of Product for “Marcus by Goldman Sachs” has launched a crypto investing app, “Domain Ventures,” raising $33 million from investors on Jan 25.
26.01 / 05:09
business
Facebook
Libra
Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter
Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.
26.01 / 04:53
26.01 / 01:41
business
Blockchain
Technology
YouTube
YouTube head of gaming Ryan Wyatt to resign and join Polygon Studios as CEO
On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily logged users per day with hundreds of billions of watch time each year. Wyatt cited his passion for blockchain and Web3 development in explaining his resignation. He will soon join Polygon Studios as its CEO.
25.01 / 23:57
business
coinbase
Charity
Donations
Coinbase joins NGO's efforts using crypto to help Haitians impacted by earthquakes, civil unrest
Major crypto exchange Coinbase has given a $150,000 grant to Hope for Haiti as part of a pilot program aimed at providing financial assistance to Haitians experiencing social and economic hardship.
25.01 / 20:33
business
CBDC
CFTC
Digital Asset
Former CFTC chair Chris Giancarlo joins Digital Asset's board
Chris Giancarlo, who served as chair for the U.S. Commodity Futures Trading Commission until 2019, will be joining the board of directors for blockchain startup Digital Asset.
25.01 / 19:41
business
credit cards
American Express
Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto
American Express credit card holders may one day be able to redeem points for cryptocurrencies, but the company has no immediate plans to issue a crypto-linked credit card.
25.01 / 17:10
business
Binance
Africa
Bitcoin
Crypto firms ignore Africa at their peril as continent set for major adoption
Even though the digital asset market seems to be witnessing a bit of a lull at the moment, the adoption of crypto-centric tech has continued to move forward with a full head of steam globally. Africa, in particular, is a continent where a growing list of mainstream financial entities have continued to make their presence felt, as they have begun to realize that the economic opportunities presented by the region are immense.
25.01 / 16:59
business
Adoption
Bitcoin
NOT
Russian finance ministry official calls for crypto regulation, not restriction
In surprising comments made by the Russian director for financial policy, Russia could be softening its stance toward crypto. Ivan Chebeskov, a director within the Ministry of Finance, has come out in support of regulating crypto rather than banning it.
25.01 / 12:51
business
Adoption
Bitcoin
McDonald's jumps on Bitcoin memewagon, Crypto Twitter responds
Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonald's — the brand infamously linked with temporary Bitcoin (BTC) market crashes.
25.01 / 01:21
business
Mining
Electricity
Power
Crypto miners
Fitch Ratings warns of risks crypto miners pose to US power supply
Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.
24.01 / 23:37
business
Funding
Metaverse
Venture Capital
Web3 Projects
$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects
Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.
24.01 / 20:11
business
Blockchain
CFTC
Ban
Uniswap founder's bank account shut down by JP Morgan Chase, shadow-debanking allegations surface
On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been similarly targeted simply for working in the crypto industry."
24.01 / 18:59
business
Blockchain
Adoption
Blockchain-enabled digital fashion creates new business models for brands
Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry.
24.01 / 17:35
business
Government
Asia
Bitcoin
Indonesia's Crypto Industry in 2021: A Kaleidoscope
In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with 27 million users and Russia with 17 million users.
24.01 / 15:23
business
hacks
exchanges
Crypto exchange's Twitter gets hacked by ‘disgruntled employee’
The Twitter account of the Russian crypto exchange Latoken seems to have been breached by a hacher that started posting allegations that the exchange is a scam. According to the posts, the exchange is promoting “scam IEOs” and misleading their customers.
24.01 / 13:13
business
Blockchain
Adoption
Bitcoin
No regrets for NYC mayor receiving his first Bitcoin paycheck during dip
Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th Mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action, and was unflappable when asked about losses during an interview.
24.01 / 10:46
business
cryptocurrency
Entrepreneur
An entrepreneur shares tips on investing in NFTs for beginners
Non-fungible tokens – NFTs – are becoming ubiquitous even as many people may still not understand what they are and how they work. Yet, there is money to be made in trading these digital tokens that represent real-world items like artwork and music. NFTs provide indomitable proof of ownership, exclusive rights, and a fool proof licensing mechanism. This democratisation of the virtual world, where content creators can market their NFTs and trade them freely, is fuelling the rapid rise of NFTs as valuables today.
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