Business Financial News

12.11 / 13:07

business Adoption Bitcoin Cross-border B2B firms want cross-border payments but skeptical of crypto: Survey

Cryptocurrencies appear to be far from ready for business-to-business (B2B) commerce so far due to factors like lack of convenience, a new survey suggests.

12.11 / 08:29

business Twitter Environment Reddit Discord drops Ethereum and NFT integration plans after backlash

Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base.

12.11 / 05:57

business Ethereum Bitcoin Industry Ethereum Classic Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market.

12.11 / 03:11

business Binance coinbase Analysis CEXs DEXs growing faster than CEXs but Binance still sees 171M visitors in a month

A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October.

12.11 / 01:51

business Blockchain Health Charity Doctors Without Borders is now using blockchain tech for medical record storage

At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022.

12.11 / 01:51

business Bitcoin Bitfarms Bitfarms expands to US, plans green crypto mining operation in Washington

Canadian Bitcoin mining company Bitfarms is planning to build its first data center in the United States following the purchase of a land plot in Washington State.

12.11 / 00:34

business Blockchain Ethereum Bitcoin reserves Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves

In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed its goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million.

11.11 / 22:57

business Binance Former Binance execs say exchange is worth $300B: Report

Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today.

11.11 / 21:55

business Blockchain Stablecoin Adoption Reserve Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token (RSR), which is used for protocol governance.

11.11 / 20:27

business Volatility Q3 FTX US sees daily volume, users surge in Q3

United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market.

11.11 / 18:05

business Government Bitcoin Russian Duma creates working group to tackle crypto mining regulations

The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry.

11.11 / 13:15

business Adoption shopping Chinese retail giant JD accepts digital yuan payments for Singles Day

E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event.

11.11 / 06:57

business Tesla stocks elon Elon Musk offloads $1.1B in Tesla stock

Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings.

11.11 / 00:54

business Blockchain Bitcoin Loyalty program Landry’s Restaurant Group to introduce Bitcoin loyalty program

Landry’s Restaurant Group announced a partnership with cryptocurrency firm NYDIG on Tuesday that will enable diners to earn $25 worth of Bitcoin for every $250 spent at the hospitality conglomerate’s eateries.

10.11 / 23:51

business Mining Energy Crypto miners Influx of crypto miners to Kazakhstan reportedly strains energy supply

Now responsible for the second biggest contribution to the Bitcoin hashrate, Kazakhstan’s energy grid may be unprepared to handle the addition of many cryptocurrency miners from China and others looking to capitalize on low cost electricity.

10.11 / 22:29

business Blockchain Adoption interview 'We'll see about 200 chains connected through Cosmos' IBC next year', says Tendermint CEO Peng Zhong

Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network.

10.11 / 21:11

business Twitter defi Twitter Crypto: the dedicated team aimed at exploring DApps and more

Social media giant Twitter is expanding further into the crypto space by setting up a team to look into decentralized applications, cryptocurrencies, and blockchain.

10.11 / 20:53

business Federal Reserve inflation Crypto markets rally as inflation rages at 30-year high

Cryptocurrency markets rose to record highs on Wednesday, as investors continued to pile into Bitcoin (BTC) and alternative coins against a backdrop of surging inflation in the United States.

10.11 / 20:53

business coinbase partnerships Coinbase partners with esports gaming organization competing in League of Legends

Team Liquid, the esports and gaming organization operating across major titles including League of Legends and Fortnite, has inked a four-year agreement with Coinbase.

10.11 / 19:23

business Blockchain Adoption Square United Citizens Organization launches as a blockchain initiative at COP26

Speaking at a COP26 press conference in Glasgow, Scotland on Wednesday, a panoply of experts from the tech-environmental sector spoke to global citizens across the world about improving coordination and support for climate action with blockchain technology.

10.11 / 17:13

business regulation Bitcoin Block.one’s Bullish exchange wins license from Gibraltar regulators

Block.one, the developer of the EOS.IO protocol — the blockchain network of the EOS cryptocurrency — continues progressing with its cryptocurrency exchange subsidiary known as Bullish.

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