Business Financial News

18.11 / 20:41

business IPO stocks Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger

Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC.

18.11 / 19:07

business Mining Bitcoin Miner Bitcoin miner to go public on Nasdaq after $4B SPAC merger

Bitdeer Technologies Holding Company, a Singapore-based Bitcoin (BTC) mining corporation, has announced that it has entered into a definitive merger agreement with Blue Safari Group Acquisition Corp. for a business combination of Blue Safari and the miner.

18.11 / 18:39

business Ether price partnership Media Time Support Time Magazine will hold ETH as part of Galaxy Digital partnership to support metaverse newsletter

Time Magazine, the media company that has been an American institution for almost a century, is partnering with Mike Novogratz's Galaxy Digital in an effort for its readers to explore the metaverse.

18.11 / 18:03

business Blockchain privacy Nym Technologies raises $13M to develop surveillance-evasion platform

European security startup Nym Technologies has announced a $13 million funding round coordinated by renowned crypto investor Andreessen Horowitz, or a16z, and further participated by a venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey and Fenbush.

18.11 / 17:05

business Stablecoin Bitcoin Bitso and Circle work on crypto payments between Mexico and US

Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.

18.11 / 15:04

business Blockchain Technology Adoption Boson Protocol seeks to blend physical and digital marketplaces in the Metaverse

Boson Protocol is a decentralized commerce protocol that seeks to enable the sale of physical goods, services and experiences in the Metaverse as nonfungible tokens (NFTs), and hopes to provide an infrastructure layer for exchanging assets of non-monetary value. For example, an NFT of a pair of sneakers bought using the Boson Protocol in the Metaverse would then be redeemable for that physical pair of sneakers in the real world, and vice versa.

18.11 / 13:03

business NVIDIA Hardware Bitcoin Q3 report Q3 Nvidia’s Q3 report reveals sharp decline in crypto mining chip sales

Although digital currencies have skyrocketed in value throughout the year, Nvidia has not made any significant profits from its cryptocurrency mining processor (CMP) line.

18.11 / 11:25

business cryptocurrency Aware Platform India could bar transactions in crypto, permit holding as assets: Report

India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.

18.11 / 05:29

business Facebook Adoption Social Media VR Metaverse comes closer to reality as Meta previews haptic gloves

Meta — the company formerly known as Facebook — is diving straight into virtual reality with a preview of its latest research and development on haptic gloves which give sensory feedback while in digital realms.

18.11 / 00:27

business regulation Investments regulatory Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian

As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country.

17.11 / 23:47

business NFT Blockchain Game Xbox head Phil Spencer is skeptical about NFTs in video games

Phil Spencer, Microsoft’s head of gaming, commented on his skepticism towards nonfungible tokens, or NFTs, in an interview with Axios:

17.11 / 23:05

business Sport partnership Angelenos push back on new Crypto.com arena: 'It will always be the Staples Center'

Residents of Los Angeles, sports fans and social media personalities are making light of Crypto.com’s plans to rename the city’s Staples Center for its own marketing purposes.

17.11 / 22:23

business Stablecoin Adoption us government Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed.

17.11 / 22:23

business Funding Venture Capital Polychain Capital leads Anoma Network’s $26M raise

Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money.

17.11 / 18:03

business lending Real Estate Smart Contracts Bacon Protocol offers industry-first ‘NFT mortgages’

Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market.

17.11 / 18:03

business Funding Venture Capital ConsenSys Blockchain unicorn ConsenSys valued at $3.2B following $200M raise

Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone.

17.11 / 17:01

business Developers Funding Venture Capital Oasis Foundation launches $160M development fund

Developer group Oasis Foundation has launched a $160 million ecosystem fund to bootstrap promising projects building on top of Oasis Network, a privacy-enabled blockchain with a focus on decentralized finance (DeFi) and the so-called data economy.

17.11 / 16:09

business Adoption Bitcoin Staples Center Los Angeles will be renamed Crypto.com Arena

Staples Center will now be known as Crypto.com Arena, after an agreement with its owner AEG.

17.11 / 14:01

business Binance regulation CZ reveals how many users left Binance after mandatory KYC

Major crypto exchange Binance took a compliance-friendly approach to its business after years of cat-and-mouse game with regulators around the world and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao.

17.11 / 13:43

business cryptocurrency NBA Deal rights Staples Center is changing its name to Crypto.com Arena in the biggest naming rights deal in history

Los Angeles' Staples Center is getting a new name. Starting from Christmas Day, it will be called the Crypto.com Arena.

17.11 / 13:07

business Blockchain Technology Adoption KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects

KuCoin Labs, the company behind the world's sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also available for entities that develop blockchain-based games, nonfungible tokens, and decentralized applications.

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