Business Financial News

09.12 / 19:22

business Blockchain Technology Adoption Polygon to invest up to 250M MATIC into zero-knowledge tech

Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir.

09.12 / 18:54

business Watch live: Macron unveils priorities of French EU presidency

French President Emmanuel Macron is unveiling the priorities for France's upcoming presidency of the European Union at a press conference on Thursday.

09.12 / 18:37

business Payments Latin America Stellar Cross-border Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments

Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region.

09.12 / 18:35

business licence NOT France threatens litigation if UK does not settle fishing licence row by Friday evening

France warned on Thursday that if the 53 licences still awaiting UK approval are not granted by Friday evening, it would call on the EU to go "to litigation".

09.12 / 18:27

business Blockchain Stablecoin Adoption index Inflation benchmark Frax Price Index to launch on Partisia blockchain

On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index, or CPI.

09.12 / 14:47

business cryptocurrency Treat crypto or digital tokens as securities of special class: CII

Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied, CII said in a statement.

09.12 / 14:19

business NFT Analysis data Mnemonic raises $4 million to launch B2B API platform focused on NFT's

Mnemonic has emerged from a period of six-month incubation to announce the upcoming launch of its nonfungible token (NFT) analytics platform designed to facilitate API and cross-chain aggregation functionalities which enable developers to build NFT-centric applications.

09.12 / 13:53

business Law Asia Indian Indian trade group recommends ‘special class security’ status for crypto

The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class.

09.12 / 13:01

business regulation Bitcoin Indian Indian CoinDCX crypto exchange to go global in 2022, says exec

Ongoing uncertainty around cryptocurrency regulation in India isn't stopping domestic crypto companies from launching global offerings.

09.12 / 12:09

business Payments Bitcoin Payments Ledger Wallet provider Ledger launches crypto debit card

Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services.

09.12 / 10:25

business cryptocurrency Jail Proposed India bill banning crypto payments could mean jail for violations: Report

Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

09.12 / 01:09

business Blockchain Crowdfunding Kickstarter plans to migrate to platform built on Celo blockchain

Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo.

09.12 / 00:35

business Blockchain Stablecoin Tether Sam Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh

Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin supply at roughly $150 billion.

08.12 / 22:45

business LGBT Pfizer says COVID booster offers protection against Omicron

Pfizer said on Wednesday that a booster of its COVID-19 vaccine may offer important protection against the new Omicron variant even though the initial two doses appear significantly less effective.

08.12 / 20:55

business Blockchain Adoption Swiss digital euro Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc

On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and launched on a third‑party distributed ledger technology platform.

08.12 / 20:41

business Stablecoin Funding Venture Capital Hong Kong-based Chiron Partners launches $50M Terra fund

Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new innovations for the layer-one decentralized finance, or DeFi, protocol.

08.12 / 15:45

business Adoption Bitcoin French fintech startup Lydia raises $100 million in series C funding round

French crypto-friendly fintech startup Lydia has raised $100 million in a series C funding round, as per a report in TechCrunch.

08.12 / 13:57

business Blockchain Technology Swiss Joint Venture SBI announces crypto joint venture with Swiss digital exchange SIX

SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX).

08.12 / 13:19

business Binance stake acquires Binance Singapore arm acquires 18% stake in private stock exchange

Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX).

08.12 / 09:05

business Bitcoin Power Iceland cuts power to new Bitcoin miners

National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminium smelters and Bitcoin miners.

08.12 / 01:02

business Funding Digital Asset Management Dan Tapiero’s 10T will launch $500M fund for late-stage crypto firms

Macro investor Dan Tapiero is launching another multimillion dollar fund intended to invest in mid- to late-stage companies in the digital asset ecosystem.

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