Business Financial News
19.12 / 08:55
business
Blockchain
Ethereum
Consensus
approved
Uniswap v3 contracts deployment on Polygon approved with 99.3% consensus
The Uniswap community has approved the governance proposal that sought deployment of Uniswap v3 contracts over the Polygon PoS Chain. The approval comes in the form of an on-chain vote that saw the participation of over 72.6 million users from the community.
18.12 / 17:08
business
Ethereum
New Year's Special
Bitcoin
Ho-ho-hodl: Crypto-themed gifts that have you covered during the Holidays
Tis’ the season of giving and with Christmas right around the corner, it’s time to get the holiday shopping out of the way. With the digital asset market having matured as much as it has, there are now crypto enthusiasts in virtually every family and friend circle across the globe. In this festive piece, we’ve listed out some of the best crypto-themed gifts you can get for those who love everything about this fast-evolving space.
18.12 / 14:47
business
Sport
UK unlikely to send troops to help Ukraine, defence chief says
It is highly unlikely that London and its allies would send troops to Ukraine in case of a Russian invasion, UK defence secretary Ben Wallace said.
18.12 / 08:31
business
Blockchain
Ethereum
Vodafone
Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity
British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time.
18.12 / 00:55
business
virtual reality
Metaverse
Women
Going meta: digital cities, attacks on female creators, and more
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.
17.12 / 20:31
business
Derivatives
Bitcoin
Bitcoin Price
Crypto derivatives can foresee price action but need institutional buzz to truly shine
The cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price of the token fell below $50,000 in nearly two months, as per data from Cointelegraph Markets Pro.
17.12 / 18:39
business
Technology
Polygon
Reddit
Reddit co-founder and Polygon launch $200M Web 3.0 social media initiative
On Friday, Polygon and Alexis Ohanian’s venture capital firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social media and Web 3.0. The initiative will focus on gaming applications and social media platforms built on Polygon’s infrastructure.
17.12 / 15:53
business
Blockchain
Adoption
NFT
Bitwise
index
Bitwise launches NFT index fund for accredited investors
In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16.
17.12 / 12:37
business
IPO
SEC
Reddit
network
Social network Reddit reveals plans to go public
On late Wednesday night, the popular social platform Reddit announced that it has started the process of making the company public. The company filed a confidential S-1 with the Securities and Exchange Commission (SEC) informing them of their intentions for going public.
17.12 / 12:03
business
Adoption
Wall Street
Financial
Wall Street financial advisor LionTree explores crypto payments
Wall Street financial advisor that helped Amazon acquire MGM studios this year is exploring crypto payment options.
17.12 / 01:17
business
Blockchain
Adoption
IBM
HSBC and IBM create successful multi-ledger CBDC demo
On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM's Hyperledger Fabric and enterprise technology provider R3's Corda served as the basis of the distributed ledger facilitating the transactions.
17.12 / 00:49
business
Blockchain
Charity
Usd Coin
Disaster
Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado
Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits.
17.12 / 00:17
business
Funding
Venture Capital
Federal Reserve
Crypto Biz: All I want for Christmas is Bitcoin, Dec. 9–16
On Wednesday, the United States Federal Reserve wrapped up its final policy meeting of 2021 by voting to keep interest rates at record lows. In doing so, the Fed set the stage for a series of interest rate hikes beginning in the spring, which will be accompanied by a more accelerated taper of its bond-buying program.
16.12 / 23:38
business
ETF
SEC
Bitcoin
Valkyrie’s latest ETF offering has exposure to Bitcoin
Crypto asset manager Valkyrie has launched an exchange-traded fund with exposure to Bitcoin on the Nasdaq Stock Market.
16.12 / 22:23
business
Blockchain
Ethereum
MasterCard
Support
ConsenSys launches Rollups for privacy-enabled transactions on Ethereum blockchain with support of Mastercard
On Thursday, ConsenSys, a prominent developer of Ethereum (ETH) software, announced the launch of enterprise software ConsSys Rollups. The service, designed on the basis of zero-knowledge (ZK) proofs, is meant to protect specific transaction elements, such as account balances, sender and recipient wallet addresses, and transaction amounts to secure each user's privacy.
16.12 / 22:04
business
Blockchain
Sport
Bitcoin
Premier League
acquires
Peter McCormack acquires local sports club Bedford FC with Premier League ambitions
Peter McCormack, a well-regarded Bitcoin investor and advocate, has announced the purchase of local Englishfootball club Bedford FC, divulging ambitions in a fourteen-tweet thread to fuel the club’s prosperous aspirations through the leading cryptocurrency asset, Bitcoin.
16.12 / 22:01
business
Blockchain
Technology
Adoption
innovations
Universities including Berkeley, MIT, Harvard, Oxford to form EduDAO to promote Web 3 innovations, financed by BitDAO treasury
On Thursday, BitDAO, one of the world's largest decentralized autonomous organizations with over $2.5 billion assets under management, and its partner Mirana ventures announced the creation of EduDAO with eight of the world's top universities including University of California Berkeley, MIT, Harvard and Oxford University.
16.12 / 19:33
business
Government
Central Bank
reports
Kazakhstan's central bank reports results on CBDC pilot project
Kazakhstan, the country behind one of the largest sources of Bitcoin mining hash power, has released the results of a pilot program for its digital tenge.
16.12 / 16:39
business
Blockchain
Funding
Upbit crypto exchange's blockchain sister firm raises $60M
Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding.
16.12 / 16:13
business
Robinhood
Robinhood enables US users to gift crypto for the holidays
Trading app Robinhood has announced that its users will be able to gift friends and family crypto over the holiday season.
16.12 / 13:31
business
NFT
Cointelegraph Consulting
Cointelegraph Consulting: Is NFT music an untapped opportunity?
When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season.
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