Business Financial News
14.09 / 06:41
business
Blockchain
Adoption
Web3
Dapps
Sui Network
network
Sui Network launches Google, Twitch and Facebook logins for DApps
Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed phrase.
14.09 / 03:59
business
Law
Singapore's central bank slugs Three Arrows founders with 9-year ban
The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country's securities laws.
14.09 / 03:59
business
Law
regulation
Court
Bankruptcy
Toughen up. Mt. Gox's ex-CEO only had a ‘little calculator’ to prepare for trial
Mark Karpelès, the former CEO of the collapsed exchange Mt. Gox, seems to have little in the way of sympathy for former FTX CEO Sam Bankman-Fried, who’s been trying to get released from prison to prepare for his upcoming trial, citing poor internet.
14.09 / 03:59
business
Adoption
NFT
Metaverse
Meta
Meta ‘ruined’ the term metaverse, but now it’s evolving: Yuga Labs CEO
Big Tech player Meta gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre.
14.09 / 02:19
business
Adoption
SEC
economy
Gaming
avalanche
Shrapnel Web3 shooter won't let US users cash out, thanks to Gensler
The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator.
14.09 / 02:19
13.09 / 19:33
business
Hackers
hacks
Ripple
Cybersecurity
Fortress
Fortress Trust
Ripple says security incident accelerated its acquisition of Fortress Trust
The takeover of Fortress Trust by financial technology company Ripple on Sept. 8 involved more than just an acquisition deal. The transaction was accelerated by a security incident hours earlier involving a Fortress third-party analytics vendor, Ripple confirmed to Cointelegraph.
13.09 / 19:33
business
Blockchain
Mining
wallet
fees
Bitcoin Wallet
Bitcoin
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end users have not been affected and all user funds are safe. Paxos is most well-known as the issuer of stablecoins, including PayPal USD (PYUSD) and Pax Dollar (USDP), but also runs a crypto brokerage firm that carries Bitcoin (BTC).
13.09 / 14:09
business
regulation
Huobi
FTX
TRON
HTX
Huobi’s new name HTX raises community eyebrows
Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX.
13.09 / 13:01
business
Digital Currency Group
Bankruptcy
Gemini Earn users could recover all funds in new DCG remuneration scheme
Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover nearly all of their claims.
13.09 / 10:39
business
Ethereum
Stablecoin
PayPal
Paxos
PayPal USD
Backed
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.
13.09 / 10:39
business
Blockchain
Stablecoin
Adoption
wallet
Africa
Opera
Opera browser debuts stablecoin wallet MiniPay in Africa
The web platform Opera revealed its plans to launch a non-custodial stablecoin wallet integrated into its mobile web browser which will be made available to its user base in Africa.
13.09 / 10:39
markets
business
Blockchain
Adoption
Europe
European Union
shares
Crypto ahead in fintech investments in France and Germany in 2023: Report
In the midst of the global fintech market downturn, the crypto and blockchain sector managed to become a leader in investments in a number of major European markets.
13.09 / 09:01
business
Ethereum
Investments
SEC
Hashdex
Ether ETF
Nasdaq's Hashdex mixed Ether ETF filing joins crypto ETF race
The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex, an asset management company. This ETF is designed to include a combination of spot ether holdings and futures contracts in its portfolio and pioneering a new approach to cryptocurrency investment within the regulatory framework.
13.09 / 06:13
business
Ripple
regulation
SEC
crypto startups
US ‘the only country’s crypto startups should avoid, says Ripple CEO
The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator.
13.09 / 02:43
business
Law
regulation
Fraud
us government
FTX
Court
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable.
13.09 / 00:33
business
Binance
Binance.US cuts third of staff as CEO Brian Shroder leaves: Report
Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.
12.09 / 16:09
business
XRP
Payments
Analysis
Opinion
swift
Ripple is staring down an opportunity to fix its closed system
In July, a United States judge ruled that Ripple Labs’ XRP (XRP) token was not a security when sold to the public on secondary markets. While the Securities and Exchange Commission will contest the decision, the broader cryptocurrency community has embraced it, as crypto trades on exchanges might sidestep the securities transaction label.
12.09 / 16:09
business
Investments
Wall Street
Bitcoin
Bitcoin Etf
Franklin Templeton files for spot Bitcoin ETF
Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to launch a spot Bitcoin exchange-traded fund (ETF).
12.09 / 14:05
12.09 / 14:05
business
Microsoft
Google
NVIDIA
US and Vietnam make deals on AI chips and tech worth billions
The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) technologies and others, according to remarks from a joint press conference on Sept. 11.
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