Business Financial News
07.12 / 19:07
business
Technology
defi
Google
Former Google CEO is now a strategic advisor for Chainlink Labs
Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions provider Chainlink Labs as a strategic advisor.
07.12 / 12:55
business
Ethereum
NASDAQ
Bitcoin
Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes
Nasdaq Stockholm has announced that 21Shares has listed their first two physically backed exchange-traded notes (ETNs) on the Swedish trading platform.
07.12 / 05:19
business
investigation
Korean crypto investment firm Hashed reportedly under tax investigation
Crypto investment firm Hashed is currently under investigation by the National Tax Service (NTS) in South Korea according to local media.
07.12 / 01:43
business
Charity
Donations
crypto donations
Projects are collecting Toys for Tots crypto donations this holiday season
This holiday season, fintech provider Unbanked will be enabling crypto donations for Toys for Tots, a program run by the United States Marine Corps that collects toys to distribute to disadvantaged children.
06.12 / 23:49
business
Blockchain
Technology
coinbase
open
Coinbase launches open-source cryptography library Kryptology
On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited, and easy-to-use APIs, as well as a repository of common issues and lessons learned throughout the history of crypto.
06.12 / 23:03
business
Facebook
Funding
Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure
Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion of a $36 million funding round towards its goal developing a Web 3.0 infrastructure platform.
06.12 / 21:44
business
Blockchain
Gemini
Charity
We are seeing ‘10x growth in terms of the number of nonprofits accepting crypto,’ says Alex Wilson of The Giving Block
With the market capitalization of digital currencies surpassing $2 trillion, there is now record interest in crypto philanthropy. From helping to build a school in Uganda to fundraising for frontline healthcare workers and raising awareness for artists with intellectual disabilities, many nonprofit projects are gaining traction with generous assistance from crypto enthusiasts.
06.12 / 20:53
06.12 / 19:59
business
Blockchain
Technology
Stablecoin
settlement
International
Bank of International Settlement calls the rise of decentralized finance 'an illusion' in latest quarterly review
On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, "There is a "decentralization illusion" in DeFi since the need for governance makes some level of centralization inevitable, and structural aspects of the system lead to a concentration of power." It continued:
06.12 / 14:53
business
regulation
Banks
Deal
Indian
Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal
Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, as per a report published in Economic Times.
06.12 / 14:23
business
cryptocurrency
Bitcoin
Weekend
Blue Monday? Bitcoin tumbles 5% after weekend battering
Bitcoin tumbled almost 5 percent on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.
06.12 / 14:15
business
Investments
Funding
Bitcoin
Alameda Research leads $35M fund raise for crypto trading app Stacked
Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked.
04.12 / 17:27
business
Adoption
Investments
Bitcoin
Gold, Bitcoin or DeFi: How can investors hedge against inflation?
Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.”
04.12 / 16:29
business
Pope Francis
Catholic Church
Bitcoin
Europe 'torn by nationalist egoism' on migration, says Pope on Greece visit
Pope Francis on Saturday slammed the European Union's nationalist divisions over migration as he began a visit to Greece.
04.12 / 15:19
business
Blockchain
Technology
Investments
Terra Luna
Without staking, institutional crypto investors cannot escape inflation
By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying transactions and earning a reward in the process — allows investors to earn a passive yield while improving the security of the blockchain network they’d invested in.
04.12 / 00:17
business
stocks
Norwegian Block Exchange to become first Nordic crypto platform to list on Euronext
On Friday, Norwegian Block Exchange (NBX) announced it would become the first cryptocurrency platform among the Nordic countries (Norway, Sweden, Denmark, and Finland) to list its shares on the pan-European Euronext stock exchange. NBX was created in 2018 by Bjørn Kjos, who also founded Norwegian Air Shuttle and Bank Norwegian.
03.12 / 23:17
business
Technology
French startup brings vintage vines to the NFT market
Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from Metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year.
03.12 / 19:55
business
Law
regulation
US infrastructure law could brace up digital assets — but first some fixes
Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America's leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to excise the troubling digital-asset language, and, in November, the infrastructure bill was signed into law.
03.12 / 19:29
business
Facebook
Art
NOT
Ukraine says it will not abandon NATO goal or give 'security guarantee' to Russia
Ukraine is refusing to give up its aim to join NATO, as well as give any "security guarantee" to Russia, the country's foreign minister said on Friday.
03.12 / 16:41
business
Blockchain
coinbase
Bitcoin
'We want to be the AWS of crypto,' says Coinbase exec
With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud.
03.12 / 12:25
business
Apple
Spotify
NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts
As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.
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