Business Financial News
15.09 / 23:45
business
Blockchain
Adoption
Binance
CFTC
regulation
SEC
Binance CEO responds to rumors, says US executive is 'taking a deserved break'
Binance Holdings CEO Changpeng Zhao (CZ) has shot down speculation surrounding the departure of Binance.US CEO Brian Shroder, noting that he is “taking a deserved break" after a successful stint at the company.
15.09 / 21:29
business
ETF
PayPal
coinbase
Lightning Network
Meta
MetaMask
BTC ETF
Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
Without aggressive marketing tactics, fintech giant PayPal is quietly and consistently venturing deeper into the crypto space, rolling out features and building key partnerships to advance its digital assets strategy.
15.09 / 19:19
business
Technology
Funding
data
NVIDIA
valuation
Nvidia AI partner Databricks raises $500M to achieve $43B valuation
Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500M from primary investor accounts led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.
15.09 / 18:03
business
Investments
Bitcoin
BitGo, Swan unveil plans for Bitcoin-only trust company
The United States may soon have a Bitcoin-only trust company, according to plans disclosed by BitGo and Swan Bitcoin on Sep. 15. The joint venture is pending regulatory approval, the companies said in a statement.
15.09 / 13:21
business
Google
copyrights
Artists
Intellectual Property
AI music sending traditional industry into 'panic', says new AI music platform CEO
Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has seen a particular struggle in the creative industries.
15.09 / 13:21
business
regulation
exchanges
Warning
JPEX increases withdrawal fee to almost $1k after warning from Hong Kong's watchdog
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore.
15.09 / 11:41
business
Technology
Tech Analysis
AI startup
AI startup Helsing raises $223 million in Series B funding for defense solutions
European artificial intelligence (AI) defense company Helsing revealed on Thursday, Sept.14, that it secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, taking the lead. Swedish aerospace and automotive manufacturer Saab also participated as a strategic investor.
15.09 / 07:47
business
Blockchain
Adoption
Tokens
Scams
Chainlink
Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction
Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.
15.09 / 03:41
business
Metaverse
Meta
Meta Ceo
Meta’s Horizon Worlds launches on mobile and web in early access
Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to people's smartphones and computers.
14.09 / 22:03
business
Tesla
Bitcoin Payments
clean energy
Energy usage
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
Elon Musk said in 2021 that Tesla would accept Bitcoin payments once miners were using roughly 50% clean energy sources “with positive future trend” — a benchmark that may have recently been met.
14.09 / 21:17
markets
business
Ethereum
Bitcoin
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex
Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex.
14.09 / 20:51
business
Blockchain
Hackers
hacks
Remitano exchange allegedly hacked for $2.7M; $1.4M frozen by Tether
Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked. A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers' crypto.
14.09 / 19:07
business
lending
Digital Currency Group
Bankruptcy
services
Genesis announces winding down of crypto trading services
Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.
14.09 / 18:09
business
regulation
Enterprise
Taxes
acquires
Bitwave acquires crypto accounting platform Gilded
Crypto winter keeps sparking consolidation among crypto firms. The latest deal in the industry is the acquisition of payments and accounting platform Gilded by one of its competitors, Bitwave.
14.09 / 18:09
business
Report
Venture Capital
Research
shock
Liquidation cascade puts crypto market into shock: Report
August was the worst month for the crypto markets since Bitcoin (BTC) bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded on the derivatives market, erasing 7.3% of BTC’s and 6.9% of Ether’s (ETH) value. Grayscale’s court victory was only a temporary reprieve from these losses, as the price retraced back to the levels starting out the month. This caused one of the largest liquidation events in crypto, totaling more than $1 billion lost when the price dropped to $26,000.
14.09 / 16:55
business
event
Adoption
Web3
Web3 company to have balloons featured during Macy's Thanksgiving Day Parade
The Macy's Thanksgiving Day Parade, one of the most iconic events surrounding the United States holiday in November, will feature characters from the crypto and blockchain space for one of the first times in its 99-year history.
14.09 / 11:29
business
EY invests $1.4 billion in AI tech, launches new platform
Ernst & Young (EY), one of the Big Four global professional services providers, announced its development of a new artificial intelligence (AI)-powered platform for its clients.
14.09 / 09:39
business
Technology
Investments
goldman sachs
Gold
Goldman Sachs dismisses AI bubble, predicts upcoming revolution
Goldman Sachs has firmly maintained that an artificial intelligence (AI) bubble doesn't exist, despite concerns persist among analysts regarding the significant surge in AI market interest and the resulting spike in tech stocks. On the contrary, the financial powerhouse believes we stand on the verge of an AI revolution, rather than the anticipated bubble.
14.09 / 09:39
business
Mining
fees
Paxos
Rewards
Bitcoin
Bitcoin Miner
Bitcoin miner mulls refunding 20 BTC reward to Paxos
A Bitcoin (BTC) miner who mistakenly received 20 BTC — worth over $500,000 — from crypto exchange Paxos for settling a 0.008 BTC ($200) transaction is now reconsidering their decision to return the jackpot to its rightful owner.
14.09 / 08:41
business
Adoption
Banks
Second-largest Thai bank creates $100-million AI fund
According to the press release published on Sept. 13, the fund will possess a $100 million investment budget with Krating Poonpol, a Chairman of KBank Business Technology Group, in charge of the enterprise. In Poonpol’s words:
14.09 / 08:41
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