Business Financial News

09.11 / 00:11

business Blockchain Social Media FarmVille NFTs on the horizon? Zynga hires new VP for blockchain gaming

Nonfungible tokens (NFTs) scored another win with gaming giant Zynga’s announcement of the upcoming integration of NFTs and blockchain into the publisher’s portfolio.

08.11 / 23:03

business Facebook Tesla Bitcoin Bitcoin flippens Tesla and Facebook — will Amazon be next?

After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook.

08.11 / 20:37

business defi Aave Banks ING dutch Dutch multinational ING considers entering DeFi lending industry

In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development, as reported by Ledger Insights:

08.11 / 20:15

business wallet coinbase Hardware Wallet Coinbase launches standalone browser extension for Coinbase Wallet

United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs.

08.11 / 19:27

business Banks Central Bank Nigeria's central bank reportedly freezes crypto traders' accounts

The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading.

06.11 / 18:01

business Facebook Blockchain censorship The Metaverse: Will it be a decentralized haven or a centralized tyranny?

Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain.

06.11 / 14:45

business Blockchain Ethereum Reddit Reddit to reportedly tokenize karma points and onboard 500M new users

American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.

06.11 / 12:03

business cryptocurrency World Bitcoin Indian Jefferies Group’s Christopher Wood bullish on Indian equities, Bitcoin: Report

Christopher Wood, the global head of equity strategy at Jefferies Group, has reiterated his “bullish” view on Indian equities even as other global research and brokerage houses downgraded them citing “rich valuations”, Business Standard reported.

06.11 / 08:47

business white house Bitcoin House passes $1T infrastructure bill with crypto tax for Biden's approval

The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.

06.11 / 00:49

business Blockchain Ethereum Adoption Polygon Blockchain Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider.

06.11 / 00:49

business Blockchain Investments Risk monitoring firm Solidus Labs completes $15M strategic round

Market surveillance firm Solidus Labs completed a $15 million strategic round led by Liberty City Ventures on Friday. GSR and Exor Seeds also participated in the financing. This follows the company's $20 million Series A that concluded in May. Solidus' investors also include former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes.

05.11 / 23:49

business Investments Tokens Shiba Inu Next generation of crypto millionaires: SHIB allows warehouse manager to retire

A Shiba Inu token holder who invested thousands of dollars in the memecoin in February has partially cashed out to become a stay-at-home dad.

05.11 / 21:39

business defi Decentralization Finance Redefined: Avalanche launches $200M fund, wXRP to debut on Ethereum Oct. 29–Nov. 5

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

05.11 / 20:59

business Mining Bitcoin Argo Blockchain's Texas mining facility could cost up to $2B

United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion.

05.11 / 18:47

business event Environment Event recap Web Summit 2021: crypto, climate change and Facebook

Cointelegraph team members and leadership joined major media companies and tech figures this week at the three-day Web Summit 2021 in Lisbon.

05.11 / 17:36

business Funding Blockchain Game Solana Ventures, Lightspeed Venture Partners and FTX launch $100M gaming fund

Some of blockchain’s biggest venture firms have spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi, potentially opening the door to a highly lucrative industry that sees cryptocurrency and blockchain merging with the traditional gaming sector.

05.11 / 17:25

business Blockchain cryptocurrency FIFA Future NFTs are 'part of the future' for games like FIFA and Madden, says publisher EA

NFTs are an "important part of the future" of the gaming industry, game publisher EA told investors this week.

05.11 / 15:31

business Blockchain Bitcoin Major American grocer Kroger to accept Bitcoin Cash

American grocery store chain Kroger is accepting cryptocurrency payments ahead of the holiday season.

05.11 / 15:27

business Payments Bitfinex Bitcoin Payments MetaMask integrates with Bitfinex Pay amid growing demand for crypto payments

Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the door to tens of millions of users.

05.11 / 12:35

business Adoption Bitcoin New study reveals which US cities lead crypto hires in 2021

Metropolises led the crypto-related hires in the United States during 2021, but jobs in the space are well dispersed around the country, LinkedIn data revealed.

05.11 / 09:31

business Binance coinbase Bitfury Former Comptroller Brian Brooks gets a new gig as Bitfury CEO

Former Comptroller of the Currency and Binance.US CEO Brian Brooks has been announced as the new CEO of crypto (BTC) mining firm BitFury.

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