Business Financial News

12.01 / 01:25

business coinbase Coinbase announces 'nearly the entire company will shut down' for four weeklong breaks in 2022 to allow workers to recharge

Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work.

11.01 / 23:41

business Blockchain Adoption Ramp expands presence in US with FinCEN regulation

On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC hadreceived its registration as a Money Service Business with the Department of Treasury's Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the U.S. Besides the development, Ramp also has regulatory clearance with the U.K.'s Financial Conduct Authority and Poland's Financial Supervision Authority.

11.01 / 21:21

business Blockchain Developers Metaverse Leader in BPaas enables industry leaders with Sandbox for metaverse development

The world at large has already made a transition to the internet, spending an increased amount of time online. However, the way the internet is currently set up, there will always be a gap in experiencing the full range of human connections on screen. While this might be true, the next version of the internet, the metaverse, has hinted towards several possibilities that exist only in the digital world, such as making experiences and “luxury” products available to the poor and promoting the concept of sustainability with more efficient ways to achieve one’s passions. These achievements may sound lofty, but they are more in reach now than ever before.

11.01 / 18:43

business Binance Funding Venture Capital Binance Labs backs $200M Oasis Ecosystem Fund

Binance Labs, the venture capital (VC) arm of the Binance cryptocurrency exchange, announced Tuesday that it will contribute to Oasis Foundation’s $200 million ecosystem development fund, sending a strong signal that major investors were still keen to back emerging projects on alternative blockchain networks.

11.01 / 16:25

business World Health Organization COVID: Omicron in Europe is 'a west-to-east tidal wave', says WHO

More than half of the population in the World Health Organisation's (WHO) European region could be infected by Omicron within the next two months, the UN agency warned on Tuesday.

11.01 / 15:41

business Bitcoin NOT Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey

One of the world’s largest investment banks has its Bitcoin (BTC) price predictions ready for 2022.

11.01 / 15:41

business Government Bitcoin compliance Binance taps former central bank exec to push compliance in CIS and Russia

Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine.

11.01 / 14:29

business European Union 'Addio amico mio': European leaders pay tribute to David Sassoli

Europe is mourning the loss of David Sassoli, the European Parliament President and Italian social democrat, who died overnight due to a dysfunction of the immune system.

11.01 / 14:29

business United Nations Afghanistan: UN launches plan to help 28 million people in 'largest ever' country appeal

United Nations officials on Tuesday announced the launch of a US $5 billion (€4.4 billion) funding appeal for Afghanistan, which it hopes will help prevent the collapse of basic services in the country.

11.01 / 06:49

business cryptocurrency Bitcoin Cryptocurrency Prices Today: Bitcoin, Ethereum and all others down

Cryptocurrencies traded in the red early today with the global crypto market capitalisation standing at $1.96 trillion, a 0.46 percent decrease over the last day. The total crypto market volume over the last 24 hours stands at $102.90 billion, a 44.45 percent increase.

11.01 / 01:09

business Sport partnership Australia's largest crypto exchange will sponsor tennis star Ajla Tomljanovic

BTC Markets, the largest digital assets exchange in Australia, has announced it will be sponsoring professional tennis player Ajla Tomljanovic for the Australian Open and Sydney Tennis Classic tournaments taking place this month.

10.01 / 20:49

business Mining Bitcoin Bitfarms Bitfarms purchased more than $43M in Bitcoin to start the new year

Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million.

10.01 / 13:19

business Adoption Trading German neobank N26 to launch crypto trading later this year

German neobank N26, one of the biggest European fintechs with over $9 billion in valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion.

10.01 / 07:13

business cryptocurrency Cryptocurrency Prices Today: Bitcoin flat, Ethereum up

Cryptocurrencies were mixed early on January 10. The global cryptocurrency market cap is $1.97 trillion, a 0.13 percent increase over the last day. The total crypto market volume over the last 24 hours is $71.09 billion, a 22.95 percent decrease.

08.01 / 11:17

business Blockchain Stablecoin PayPal PayPal reportedly confirms plans to explore the launch of a stablecoin

American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

08.01 / 08:27

business Blockchain Adoption Ava Labs services Ava Labs and EV maker Togg to build smart contract-based mobility services

Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility.

07.01 / 17:35

business Technology Adoption Sport The biggest consumer brands that engaged with crypto in 2021

2021 was an exciting year for crypto, with several well-known — some unexpected — brands entering the crypto sector. Here’s looking at you, Charmin, and your toilet paper nonfungible tokens (NFTs). The year saw its fair share of moments that had crypto enthusiasts on the edge of their seats.

07.01 / 16:53

business NFT Tokens Rapper Nas to let fans own part of his music through NFTs

Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, Ultra Black and Rare.

07.01 / 15:41

business Blockchain Adoption London Traffic UK air traffic tech firm uses Hedera Hashgraph to track drones

Hedera's public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government.

07.01 / 15:31

business Blockchain Ethereum Bitcoin Decentralized freelancing platform goes live, aims to rebuild the workforce industry

With the world shifting faster than ever towards remote work and freelancers becoming indispensable to companies in ways never seen before, the hiring process has been clearly lagging behind.

07.01 / 15:31

business Bitcoin Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report

Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet.

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