Business Financial News

23.11 / 00:21

business Sport Bitcoin Rams player Odell Beckham Jr. will accept NFL salary in Bitcoin

Odell Beckham Jr., wide receiver for the Los Angeles Rams football team, has said he will be taking all of his $4.25 million National Football League salary in Bitcoin.

22.11 / 20:05

business Investments Funding Bitcoin valuation Crypto startup MoonPay raises $555M to hit $3.4B valuation

Cryptocurrency fintech startup MoonPay has closed its first-ever venture capital round, reaching $3.4 billion in post-money valuation.

22.11 / 16:19

business ETF SEC Bitcoin Invesco exec reveals reasons for dropping Bitcoin futures ETF

After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, the United States’ $1.6 trillion asset manager, Invesco, has disclosed the reasons behind the decision.

22.11 / 14:45

business Blockchain Health US Navy to pilot blockchain-based project to improve medical supply lines

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022.

22.11 / 12:14

business Blockchain NFT Environment DigitalArt4Climate announce competition winners at COP26

A panel of thought leaders and blockchain visionaries from around the globe converged in Glasgow, Scotland on Nov. 11 for the United Nations Climate Change Conference (COP26) summit to announce the finalists and winners of an illustrious display of artistic entries to the DigitalArt4Climate competition.

21.11 / 20:33

business Blockchain regulation copyrights Just buy it: Nike wants to bring sneakerheads into the Metaverse

Look at your feet. A lot of you (raises hand) are wearing Nikes right now. For the fiscal year ending May 31, 2021, Nike reported its revenue was up 19% to $44.5 billion for the year. But that’s here. What about in the Metaverse?

21.11 / 14:29

business cryptocurrency Mt. Gox Bitcoin week Bitcoin heads for worst week in months as Mt Gox payouts loom

Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a long rally and been spooked by an expectation that creditors of collapsed crypto exchange Mt Gox might liquidate their payments.

21.11 / 09:51

business Blockchain Adoption Bitcoin Backed El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds

El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds.

20.11 / 17:21

business Government Bitcoin Bitcoin bulls in City Hall: Meet America’s crypto mayors

As 2021 comes to a close, Bitcoin (BTC) has had a tumultuous ride this year, with wild price swings that have seen the pioneer cryptocurrency hit all-time highs only to retrace to lower prices — including a 50% drop that shook the market. Now, Bitcoin is once again back and stronger than ever, even recently going past its previous all-time high.

20.11 / 01:27

business Twitter Square Bitcoin White paper introducing Jack Dorsey's decentralized Bitcoin exchange published on Friday

Jack Dorsey, co-founder, and CEO of both Square and Twitter, released a white paper Friday detailing plans for Square's decentralized Bitcoin (BTC) exchange tbDEX. Unlike most decentralized exchanges, or DEXs, tbDEX will not utilize a trustless model, and therefore will not feature its own governance token. Instead, it is a message protocol designed to facilitate trust relationships without relying on a federation to control access.

20.11 / 00:27

business Blockchain Technology Kraken end Customers Kraken to delist Monero for UK customers by the end of November

In an email quoted by Reddit users, Kraken, the world's eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after the 26th of November.

19.11 / 22:07

business Blockchain Adoption Bitcoin Financial 'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev

During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country's cryptocurrency industry. The details of the speech were posted on the official website of the President of the Republic of Kazakhstan, and translated by Cointelegraph:

19.11 / 17:21

business Art Adoption Investments NFT sales boom, but ownership is highly concentrated

Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.

19.11 / 16:23

business Blockchain Binance Bitcoin Binance.US aims for a ‘mega funding,’ reveals CZ

Binance CEO Changpeng Zhao revealed that the United States branch of worldwide crypto exchange, Binance.US, is expected to complete a funding round to raise a "couple hundred million."

19.11 / 11:21

business cryptocurrency companies Defy raises $5.5 million to build India's first social crypto exchange

Fintech startup Defy on Thursday said it has raised $5.5 million (around Rs 40.79 crore) in a funding round to build India’s first social crypto exchange.

19.11 / 09:09

business Platform Bitcoin stake Chamath Palihapitiya sells 15% of his stake in SOFI

Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi.

19.11 / 04:57

business Facebook Funding $400M funding round to help Gemini build in the decentralized Metaverse

The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.”

19.11 / 00:53

business Blockchain Technology defi Financial ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers

Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending, where users can pledge their crypto as collateral and take out stablecoin loans (or vice versa) to pay for everyday expenses while their investment continues to grow.

18.11 / 23:01

business Blockchain Technology Adoption Acala wins first Polkadot parachain auction with over 32M DOT staked

On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction.

18.11 / 21:35

business Grayscale digital currencies Eldrige leads Digital Currency Group's maiden $600 million debt funding round

On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge.

18.11 / 21:15

business Technology $500M blockchain gaming proposal Game7 to come online with backing from industry veterans

As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures.

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