Business Financial News

03.12 / 08:25

business cryptocurrency Centre Centre may bring cryptocurrency exchanges under ambit of Sebi: Report

The Union government is reportedly planning to bring rename cryptocurrency and place it under the regulatory ambit of Sebi instead of imposing a ban, according to a Mint report.

03.12 / 01:41

business Facebook Adoption Women Meta Ceo Okcoin hires former Facebook spokesperson Randi Zuckerberg to grow female user base

Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto.

03.12 / 01:11

business Stablecoin e-commerce MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency.

03.12 / 00:21

business Blockchain Technology Adoption First NFT-focused ETF lists on NYSE Arca

On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.

03.12 / 00:21

business Funding Venture Capital Crowdfunding veteran Crypto Biz: Wall Street veteran launches $1.5B crypto fund, MELD ISPO shines spotlight on Cardano, Dec. 2

Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading crypto venture capitalists to expand DeFi liquidity.

02.12 / 22:33

business Charity Donations Non-Profits The Giving Block raises $2.4M on 'CyberGivingTuesday' for charity

After Thanksgiving Thursday, Black Friday and Cyber Monday comes Giving Tuesday, a day that encourages contributing to charity. 2021 saw a rise in crypto-philanthropy thanks to The Giving Block’s initiative of Crypto Giving Tuesday, which initially began in 2019. The organization that equips nonprofits to accept cryptocurrency donations raised $2.4 million dollars in crypto this year, a 583% increase from Crypto Giving Tuesday 2020.

02.12 / 21:56

business Blockchain Ethereum Art Adidas enters the Metaverse with NFT partnerships

On Thursday, Adidas announced it was entering the Metaverse in collaboration with Bored Ape Yacht Club, gmoney NFT, and PUNKS comic. In an article posted on the Adidas mobile app, the developers behind the initiative said the following:

02.12 / 20:59

business education sanctions The Taliban will never understand crypto, according to founder of LEARN Afghanistan

Pashtana Durrani, the founder of an organization working to make education available to women and girls across Afghanistan as the country remains under Taliban rule, said the Islamic fundamentalist group has poor financial literacy, especially when it comes to crypto.

02.12 / 19:13

business Funding Venture Capital Maven 11 Capital raise $120M in secondary funding round

Digital asset investment firm Maven 11 Capital has announced a $120 million funding round for its private investment establishment, Venture Fund II, in a move that will further expand its financial footprint across emerging sectors of decentralized finance (DeFi) and Web 3.0. The funding round builds off a successful inaugural raise of $40 million in June of this year.

02.12 / 19:13

business Blockchain Adoption Bitcoin Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund

On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in Canadian and United States dollars, and are listed on the Toronto Stock Exchange.

02.12 / 19:11

business Money aids Future financing Is the future of football financing in cryptocurrency?

Football’s relationship with technology hasn’t been the best historically. Just a few years ago, David de Gea’s transfer to Real Madrid fell through because the fax machine was too slow. But now, there has been a breakthrough as cryptocurrency finds its way into the sports world.

02.12 / 17:39

business Government Media Bitcoin Threat Chinese crypto ban poses no threat to local industry media, sources say

While some major Chinese cryptocurrency-related publications seem to be shutting down, a number of local news agencies continue running by moving to social media like Twitter.

02.12 / 13:25

business ETF Bitcoin US firm WisdomTree lists crypto ETP on Euronext

United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP).

02.12 / 10:13

business Forbes 15 crypto leaders make the cut for Forbes 30 Under 30

Forbes has named 15 youthful crypto business leaders on the 2022 edition of its 30 under 30 list.

02.12 / 06:53

business Blockchain Ethereum DApp week $106M worth of Metaverse land sold last week: DappRadar

Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar.

02.12 / 01:25

business Blockchain Twitter Square BREAKING: Square rebrands to Block as focus shifts to blockchain

Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology.

01.12 / 23:04

business Hollywood Tokens 'Crypto Critic' — Hollywood insider has a message for celebrities who shill token projects

Ben McKenzie, the actor known for his roles on TV shows including Gotham and The OC, is speaking out against public figures endorsing projects in the crypto space without seemingly disparaging the technology itself.

01.12 / 22:35

business Facebook Metaverse advertisement BREAKING: Meta expands crypto advertisement eligibility on Facebook

Social media and metaverse marketplace Meta has expanded eligibility requirements for running cryptocurrency advertisements on Facebook, giving companies more leeway to market digital asset product offerings.

01.12 / 21:41

business Food Bitcoin Grubhub users can earn BTC rewards for food delivery as part of Lolli partnership

Food delivery platform Grubhub has partnered with Bitcoin rewards app Lolli to give hungry people the opportunity to earn crypto back on their orders.

01.12 / 19:35

business Zcash Digital Currency Group surges ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.

01.12 / 17:47

business Blockchain Technology Adoption Wear-to-earn NFTs target the billion-dollar fashion industry

The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life.

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