Business Financial News

01.11 / 16:59

business Google SoftBank Bitcoin Digital Currency Group sells $700M of shares for investors to take profits

Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank.

01.11 / 16:53

Dogecoin business Burger King serves up free crypto with meal purchases

Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers — offering a compelling sign that appetites for digital assets are growing.

01.11 / 15:19

business Adoption Huobi Huobi trials NFT marketplace to further GameFi and metaverse strategy

Huobi Group, a company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges.

30.10 / 17:25

business Blockchain Technology Bitcoin 7 lessons learned from building and scaling Bitcoin mining operations

It all started with mining Bitcoin (BTC) in a dorm room. What started as a hobby with a few mining rigs scaled into twenty industry-scale mining farms across the globe. Because we scaled our operations in a new industry, we had to discover what worked and what didn’t through trial and error — because there’s no handbook for this.

30.10 / 14:37

business Sport coinbase Bitcoin Dallas Mavericks fan wins $100k in Bitcoin at NBA shootout event

A Dallas Mavericks fan won $100,000 in Bitcoin (BTC) after making a series of shots in a National Basketball Association (NBA) shootout event sponsored by crypto brokerage firm Voyager Digital.

30.10 / 11:57

business Adoption Shiba Inu now accepted as payment at a French bistro in Paris

Le Bistrot d'Eleonore et Maxence, a restaurant in Paris, France joins the growing list of mainstream businesses to add Shiba Inu (SHIB) as a payment method.

30.10 / 01:13

business Blockchain Technology Stablecoin DeFi protocol Aave encounters major capital flight

Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior.

30.10 / 00:15

business Technology Ethereum Bitcoin AMC Theatres CEO considers adding Shiba Inu as payment for ticket purchases

AMC Entertainment is in the process of updating its technical infrastructure to allow consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets. But it doesn't stop there.

30.10 / 00:15

business Government Blockchain Mark Warner CFPB US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation

U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don't stifle innovation in this arena.”

29.10 / 22:39

business Blockchain Stablecoin Cardano Cardano stablecoin protocol Ardana raises $10M in latest funding round

Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.

29.10 / 19:51

business Investments Funding Backed Rally founders launch crypto venture studio backed by a16z partner

Two blockchain entrepreneurs have launched a new cryptocurrency fund designed to bootstrap promising Web 3 startups, sending a strong signal that venture capital is eyeing the next builders of the decentralized internet.

29.10 / 15:23

business Bitcoin Major Russian bank explores crypto investment amid strong demand

Tinkoff Investments, the online brokerage of major Russian private bank Tinkoff, is researching cryptocurrency investment services despite the Bank of Russia withholding the bank from launching such tools.

29.10 / 14:55

business Ban Bitcoin Huobi closes crypto derivatives as part of wind-down for Chinese traders

Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned.

29.10 / 10:47

business Government Bitcoin Russian crypto market worth $500B despite bad regulation, says exec

The Russian cryptocurrency market has grown to hundreds of billions of dollars despite the absence of sufficient cryptocurrency regulation, according to a major industry executive.

29.10 / 09:07

business Mining Activism Environment Stoush over Greenidge miner's legal threats to activists over ‘false' claims

Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated “demonstrably false” claims from local activists.

29.10 / 08:31

business cryptocurrency MARKET Game Squid Game cryptocurrency ‘SQUID’ rises 2,400% in one day

South Korean juggernaut ‘Squid Game’ now has its own brand of cryptocurrency that has gained 2,400 percent in 24 hours, to trade at $2.22, CNBC reported. Further, market capitalisation of the novelty token ‘SQUID’ is above $174 million.

29.10 / 05:31

business Adoption Investments Ark Cathie Wood's ARK snaps up $80M Robinhood shares after crypto led price dip

ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock.

29.10 / 05:27

business Software Report Bitcoin Price MicroStrategy added 9,000 BTC last quarter, its stash is now worth $7 billion

MicroStrategy added almost 9,000 Bitcoin to its holdings in Q3, bringing its total BTC stash to a valuation of around $7 billion.

29.10 / 01:20

business Government Blockchain Adoption Central Bank of Sri Lanka completes proof-of-concept KYC platform

A report presented to Sri Lankan central bank governor Ajith Nivard Cabraal on Monday detailed the results of a now-completed Know-Your-Customer, or KYC, proof-of-concept project.

29.10 / 00:46

business Blockchain Technology Adoption seed funding Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures

Moralis, a platform that powers decentralized applications, or dApps, announced Thursday that it has received a $13.4 million investment from EQT ventures.

29.10 / 00:07

business Blockchain Adoption MasterCard Mastercard is preparing its infrastructure for the deployment of CBDCs

During an earnings call with investors and stakeholders, Michael Miebach, CEO of Mastercard, discussed his positive outlook on the cryptocurrency industry. The company has not only seen sizable volume growth in consumers using their Mastercards to purchase crypto but has also secured several partnerships with cryptocurrency firms. But Miebach's most ambitious viewpoint emerged during a discussion regarding central bank digital currencies, or CBDCs, saying:

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