Business Financial News

20.09 / 12:05

business Binance regulation SEC Binance CEO refutes report on $250M loan to BAM Management

Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250-million loan from BAM Management, a firm that acts as Binance.US’ holding company.

20.09 / 09:37

business FTX Stanford University crypto donations Stanford to return millions in crypto donations from FTX

The California-based university Stanford University said it plans to return all funds it received from the now defunct cryptocurrency exchange FTX, according to a report from Bloomberg.

20.09 / 06:09

business Adoption regulation us government Money laundering Tornado Cash Cross-Chain Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic.

20.09 / 06:09

business Scams phishing Bankruptcy Celsius Phishing attacks Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

Creditors from bankrupt crypto lender Celsius Network are again being targeted in a new wave of phishing attacks as the crypto lender’s bankruptcy proceedings enters its final stages.

19.09 / 10:13

business Law regulation Court Stanford University FTX founder’s parents sued, accused of stealing millions from crypto exchange

Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.

19.09 / 03:59

business Web3 Venture Capital Andreessen Former Andreessen Horowitz execs launch Bastion after $25M funding round

Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding.

19.09 / 00:47

business Law Binance regulation SEC Court SEC sees temporary setback in request to access Binance.US software

The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US's software in a Sept. 18 hearing, with the judge saying he isn't “inclined to allow the inspection at this time.”

18.09 / 20:43

business defi Funding Venture Capital Blockchain Capital Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi

Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.

18.09 / 19:59

business Ethereum Adoption Altcoin ATM Bitcoin Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin

Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.

18.09 / 17:41

business Binance regulation SEC SEC claims Ceffu wallet provider is 'Binance-related' in motion against BAM

In its latest filing regarding its motion to compel against BAM, the holding company for Binance.US, the United States Securities and Exchange Commission (SEC) has claimed that Ceffu, a wallet provider, is indeed “Binance-related.” This is in contradiction to claims made by Binance in earlier court documents.

18.09 / 13:19

business Blockchain regulation Europe European Union Bitcoin consultation crypto rules Malta begins public consultation on revised crypto rules to align with MiCA

Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA) regulations set to take effect in December 2024. The public consultation period is open until Sept. 29.

18.09 / 13:05

business Technology Adoption Bitmain Bitcoin Costs Bitcoin miners seek alternative energy sources to cut costs

During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy.

18.09 / 12:55

business Mining Mining Pools Bitcoin USBTC Hut 8 receives greenlight from Canadian Supreme Court for USBTC merger

Canadian Bitcoin mining firm Hut 8 is set to wrap up its planned merger with US Bitcoin (USBTC) following final approval from the Supreme Court of British Columbia.

18.09 / 09:37

business regulation Police Influencer Crypto influencer arrested in Hong Kong for JPEX association

A Hong Kong-based social media influencer has reportedly been arrested after investigations around the liquidity crisis of the crypto exchange JPEX traced back their involvement.

18.09 / 06:45

business Investments Venture Capital Banks SVB Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.

18.09 / 02:09

business Blockchain Adoption Google Cloud Storage Financial Services Google Cloud NOT Web3 is about solving business problems, not token prices: Google Cloud exec

The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud's Web3 lead.

18.09 / 01:55

business Law regulation JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis

Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.

17.09 / 21:23

business Binance regulation Trading SEC Binance.US exchange volume slumps amidst crisis

Trading activity on Binance.US has reached new lows in September, as the crypto exchange faces unprecedented challenges. On Sep. 16, exchange volume stood at $5.09 million on Binance.US, as reported by Amberdata on The Tie Terminal.

17.09 / 02:51

business FTX Bankruptcy security measures Portal Cyber FTX bolsters claims portal security measures following cyber breach

Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange prior to it becoming insolvent.

16.09 / 20:17

business Blockchain Tokens Real Estate Asset Tokenization Insurance, agriculture, and real estate: how asset tokenization is reshaping the status quo

The Boston Consulting Group estimates the tokenization of real-world assets could become a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems.

16.09 / 17:21

business defi Aave MakerDAO Curve Finance lido dao DeFi economic activity drops 15% in August —VanEck

The decentralized finance (DeFi) ecosystem has suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume declined to $52.8 billion in August, 15.5% lower than in July.

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