Business Financial News
24.11 / 23:07
business
Bitcoin
Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.
24.11 / 20:46
business
CBDC
Bank of Japan
Japanese megabanks join consortium launching yen-based digital currency
A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems.
24.11 / 17:11
business
Blockchain
Adoption
Sport
NOT
FC Barcelona, Man City canceled crypto deals show cash is not everything
The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to aid with juicy deals.
24.11 / 16:50
business
coinbase
Bitcoin
Coinbase reportedly down for some users after fixing connectivity issue
Nasdaq-listed cryptocurrency exchange Coinbase reportedly continues to face some system difficulties after experiencing a major connectivity problem.
24.11 / 08:25
business
cryptocurrency
Bitcoin
Most existing cryptocurrencies won't survive, says Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan believes that out of the 6,000-odd cryptocurrencies in existence today, most will perish.
24.11 / 07:57
business
Adoption
Investments
Australia's Rest Super retirement fund to invest in crypto for its 1.8M members
Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies.
24.11 / 06:53
business
Adoption
Sport
Floki's logo to appear on league-topping SSC Napoli’s match jersey and stadium
The team behind the Floki Inu (FLOKI) token — inspired by Elon Musk’s pet dog of the same name — has signed a sponsorship deal with Italian football giant S.S.C. Napoli.
24.11 / 00:44
business
Blockchain
Adoption
Cardano
regulatory
eToro to delist Cardano by 2022 for US users due to regulatory concerns
In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tro (TRX) for U.S. customers by the end of the year.
23.11 / 22:55
business
Blockchain
Adoption
CBOE
Future
Bank of England sees CBDCs as a revolution for the future of money
In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answered questions from lawmakers from the Economic Affairs Committee. When asked about the growth of innovation surrounding digital currencies in the country, Sir Cunliffe gave the following comment:
23.11 / 20:51
business
Blockchain
Technology
Adoption
Regal to partner with Flexa to enable digital currency payments in theatres
On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets, food, and beverage.
23.11 / 20:50
business
Betting
Gambling
eSports
Exodus wallet integrates with SportX to enable esports betting with crypto
Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network.
23.11 / 17:11
business
Blockchain
Technology
Adoption
Ontology and bloXmove to bring decentralized identity to urban transport apps
Ontology, a developer of self-sovereign identification systems on the blockchain, announced a partnership with decentralized mobility platform bloXmove on Tuesday morning in a bid to accelerate the development of its decentralized credentials. The decentralized digital identity protocol, or DID, will enable blockchain participants to share their personal information, such as a driver's license, in a private, secured, and encrypted manner.
23.11 / 16:43
23.11 / 14:37
business
Blockchain
Twitter
Solana NFT
Support
Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0
California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord.
23.11 / 13:59
business
Adoption
virtual reality
Valued at $9B, Pokemon Go creator to build metaverse with fresh funding
Niantic, the popular augmented reality (AR) mobile game Pokemon Go developer, is planning to build a “real-world” metaverse with newly raised funding.
23.11 / 12:25
23.11 / 12:19
business
cryptocurrency
Advertising
Cryptocurrency platforms switch to GEC, news and gaming for advertising
Cryptocurrency brands in India are targeting impact properties for advertising both on TV and digital media. The gala cricket season may have ended, but crypto players have a new media-buying strategy in place; and even the government’s new tenets on crypto advertisements aren’t forcing them to lie low.
23.11 / 08:53
business
Government
Adoption
Commonwealth Bank of Australia recognizes risks in missing out on crypto
Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption.
23.11 / 05:23
business
Government
Kraken
Australian
Australian Crypto
Proposed tightening of Australian crypto regulations could stifle competition: Kraken
With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition.
23.11 / 03:49
business
Citi
Banks
Citi Group appoints head of digital assets in crypto hiring spree
American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1.
23.11 / 00:59
business
Blockchain
Adoption
Bitcoin
This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover, the cryptocurrency's environmental burden increases even more if the energy used for mining stems from fossil fuels.
frequently asked questions about business
What is business and why is it gaining attention?
Business is a high-demand area that is in the spotlight. On our site, we regularly publish articles related to this subject.
Where can I find the latest updates on business?
All latest articles about business can be found in the highlighted block. We publish information regularly.
How can I verify the accuracy of information on business?
We consult with professionals to ensure that the information about business is accurate and informative for our readers.
