Business Financial News

04.01 / 20:25

business Environment Swedish first as mother accused of letting son, 12, become child soldier in Syria

Sweden will prosecute a 49-year-old woman suspected of a war crime and breaking international law for allegedly bringing her 12-year-old son to fight in Syria in 2013.

04.01 / 19:55

business Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.

04.01 / 17:09

business Developers Funding Metaverse NFT-focused holding company raises $50 Series A

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors.

04.01 / 16:21

business coinbase Bitcoin Coinbase CEO reportedly buys LA mansion for $133M

Brian Armstrong, CEO of Coinbase — the largest cryptocurrency exchange in the United States — reportedly made a multi-million-dollar real estate purchase at the end of 2021.

04.01 / 13:55

business Binance Liquidity Funding WOO network Binance Labs leads $12M round for DeFi platform WOO Network

Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round.

04.01 / 06:37

business Ethereum cryptocurrency Platform Cryptocurrency Prices on January 4: Bitcoin, Ethereum down

Cryptocurrencies Bitcoin and Ethereum traded in the red early on January 4 with the global crypto market capitalisation declining 1.49 percent over the last day at $2.21 trillion.

03.01 / 20:19

business Technology Africa Samsung Samsung uses blockchain technology to address climate change

Samsung Electronics America announced Monday at the CES tech conference in Las Vegas its partnership with veritree, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months. Veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted.

03.01 / 09:39

business ETF Grayscale Bitcoin Holdings bitcoin holdings Bitcoin holdings of public companies have surged in 2021

The quantity of Bitcoin held by private corporations has increased significantly during 2021, building on increases from the previous year.

03.01 / 08:29

business Gaming DAO 40,000 member players guild raises $6M to make P2E gaming easier

Play It Forward DAO (PIF DAO) has kicked off 2022 by announcing it has raised $6 million from private investors, only six months after launching.

02.01 / 22:19

business Technology Adoption retail Utility Unlocking utility is key for fashion brands launching NFTs in 2022

Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021.

02.01 / 12:51

business Government Blockchain Bitcoin Bukele President Bukele predicts Bitcoin $100k rally, further legal adoption and more

Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school.

01.01 / 15:11

business Blockchain Cardano YouTube VCs don't understand that Cardano has a community: Charles Hoskinson

In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year.

01.01 / 08:25

business Blockchain Binance Indian Indian taxman recovers $6.62M from WazirX for evading tax on commission

Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.

31.12 / 18:15

business virtual reality Metaverse Virtual Property Going meta: Paris Hilton, Times Square and ETFs

Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer.

31.12 / 15:13

business Adoption Binance Centralized systems are here to stay, says Binance CEO CZ

The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond.

31.12 / 14:39

Dogecoin business Adoption regulation acquires Valereum acquires Gibraltar-based Juno to expand on crypto-fiat bridge

Gibraltar-based tech group Valereum Blockchain announced the acquisition of Juno Group, a company that aids in the establishment and administration of trusts, money management and enterprise creation in Gibraltar.

31.12 / 08:13

business Ethereum defi Liquidity Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks

Rocket Pool, a decentralized Ethereum 2.0 staking platform has surpassed $350 million worth of total value locked (TVL) within five weeks of its official launch.

31.12 / 00:51

business Stablecoin Banks Crypto Biz: The blockchain revolution will cast aside the skeptics, Dec. 23-30

From a price perspective, the cryptocurrency market is ending 2021 with a whimper as Bitcoin (BTC), Ether (ETH) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding into the space.

30.12 / 18:35

business Binance VISA MasterCard exit Binance to finalize acquisition of Swipe, paving for CEO exit

Binance, the world's largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa card provider. Users of Binance will be able to spend their coins at over 70 million locations worldwide as a result of the acquisition.

30.12 / 17:55

business Investments Bitcoin MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto

Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229.

30.12 / 07:15

Dogecoin business Payments Food Hot Doges and Bitcoinana Splits on offer at Florida crypto restaurant

A new crypto-themed restaurant in Florida is slinging hot dogs and shrimp cocktails inspired by Dogecoin (DOGE) and Shiba Inu (SHIB), with the Dogedogs being highly prized by customers.

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