Business Financial News

29.11 / 22:25

business Adoption Investments Bitcoin expansion 500 Galaxy Digital raises $500 million in convertible debt to fund business expansion

Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum, with maturity in 2026.

29.11 / 20:55

business Citi Funding Venture Capital Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner

A Wall Street veteran with over 14 years of experience has launched a new venture fund dedicated to cryptocurrency and blockchain startups, offering further evidence that smart money investors are pivoting to the emerging world of digital assets.

29.11 / 18:49

business Twitter Square Jack Dorsey plans to step down as Twitter CEO: Report

Twitter chief executive officer Jack Dorsey is reportedly planning to resign his position at the social media firm.

29.11 / 14:57

Dogecoin business Binance Withdrawals elon Binance resumes DOGE withdrawals days after Elon Musk’s comments

Binance, one of the world’s largest cryptocurrency exchanges by daily trading volumes, has resumed Dogecoin (DOGE) withdrawals following a system glitch caused by the DOGE wallet upgrade.

29.11 / 12:59

business cryptocurrency Current Affairs Centre Bombay HC directs Centre to inform it about introduction of bill on cryptocurrency

The Bombay High Court on Monday directed the Union government to apprise it on January 17, 2022 about the introduction of the bill on cryptocurrency and what further action has been taken on the issue.

29.11 / 12:43

business Blockchain regulatory Singaporean crypto exchange enters India amid regulatory uncertainty

Despite India’s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20 million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai.

29.11 / 06:51

business cryptocurrency Bitcoin Singapore crypto bourse enters India despite pending curbs

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the government is preparing legislation to effectively bar most private cryptocurrencies.

28.11 / 22:09

business Blockchain Adoption Books Tech transformation: Don Tapscott’s ‘Platform Revolution’ book review

Enterprise blockchain started to take shape in 2016, a time when companies like IBM began to leverage private networks for supply chain management. It was also during 2016 that author Don Tapscott wrote and published Blockchain Revolution, a book that examines the way that blockchain will transform a number of industries.

27.11 / 17:23

business Facebook Adoption NFT Threat Facebook’s centralized metaverse a threat to the decentralized ecosystem?

Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe.

27.11 / 00:28

business Bitcoin El Salvador celebrates Black Friday, buys 100 BTC for 20% off

Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday.

27.11 / 00:28

business Blockchain Ethereum Bitcoin OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world's third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs.

26.11 / 21:33

business Africa Central Bank Tanzania reportedly makes plans to launch CBDC

The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.

26.11 / 20:37

business DApp Decentralization Dapps DappRadar pivots business model to dApp store with native token

DappRadar, a popular platform that provides analytics and portfolio tracking for the decentralized application (dApp) and nonfungible token (NFT) markets, has announced an upcoming company restructuring to a decentralized business model, in addition to releasing a native governance token, RADAR.

26.11 / 20:04

business Mining Google Cloud Storage Google Cloud Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: report

In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts to mine cryptocurrency.

26.11 / 14:15

business cryptocurrency Bitcoin Variant Bitcoin price drops 8% amid fears of COVID B.1.1.529 variant discovered in South Africa. Here's why

Bitcoin tumbled almost 8 per cent on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant called B.1.1.529.

26.11 / 08:05

business Technology World Bitcoin El Salvador’s adoption of bitcoin a concern, says Bank of England chief Andrew Bailey

Bank of England Governor Andrew Bailey on November 25 called El Salvador’s decision to adopt Bitcoin as its currency “concerning”, adding that consumers “will probably be caught out by its volatility”, Bloomberg has reported.

26.11 / 07:21

business Government Adoption lawmakers Thai lawmakers urged to approve tourism crypto to entice digital nomads

A push in Thailand to boost gross domestic product (GPD) by targeting crypto digital nomads is coming closer to fruition according to local media.

25.11 / 23:29

business Television Media Bitcoin Future park The future is Bitcoin according to South Park creators

South Park, the animated TV series that often tackles topical issues with a comedic twist, showed Bitcoin being used as a mainstream means of payment in the not too distant future.

25.11 / 12:45

business Bitcoin Cryptocurrency regulation: Here’s what countries around the world have done

The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.

25.11 / 05:27

business Mining Funding valuation Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise.

25.11 / 00:45

business Bitcoin Wallet 500 surges Utility acquires Coinbase acquires crypto wallet provider BRD's team as utility token price surges 500%

Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase.

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