Business Financial News

10.09 / 19:31

business Law FTX Bankruptcy FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy

Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022, according to court documents filed on September 9.

10.09 / 17:15

business regulation coinbase Elections DC doesn't realize how powerful crypto voting is — Brian Armstrong

Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next years' elections in the United States, claiming that representatives in Washington, D.C. do not fully understand the crypto community's voting power in the upcoming race.

08.09 / 21:39

business Google coinbase lending Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms such as Celsius Network, BlockFi and Genesis went bankrupt.

08.09 / 18:43

markets business Adoption Europe economy Federal Reserve Bitcoin The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroeconomic principle: that overall wealth cannot be universally enhanced as demand for goods and services grows.

08.09 / 17:07

business Blockchain Ripple regulation Fortress Fortress Trust acquires Ripple acquires Fortress Trust, expands license portfolio in the US

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8.

08.09 / 17:07

business Technology NASDAQ stocks SEC Approval Nasdaq receives SEC approval for AI-based trade orders

Nasdaq announced that the United States Securities and Exchange Commission (SEC) has approved its request to operate the first exchange AI-driven order type on Sep. 8.

08.09 / 16:41

business crimes FTX Books Fried Sam rights Apple secures rights to book on Sam Bankman-Fried for $5M: Report

Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam Bankman-Fried (SBF) following a bidding war.

08.09 / 14:23

business NFT Polygon Tokens Job NFT startup Rario loses founders after $120M funding last year: Report

Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leave the firm after two years after launching.

08.09 / 12:47

business education data OpenAI Traffic ChatGPT web traffic drops for third consecutive month in August

The popular artificial intelligence (AI) chatbot ChatGPT has seen a decrease in user traffic worldwide for the third consecutive month this August, according to data from analytics company Similarweb.

08.09 / 09:39

business Adoption Web3 Ant Web3 Developers Ant Group launches new blockchain brand for Web3 developers

Ant Group, the owner of the world’s largest mobile payment platform, Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers.

08.09 / 06:21

business Law Adoption regulation Court Backed Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.

08.09 / 06:21

business Blockchain Ethereum wallet data MetaMask Decentralized Infura launch within months, Web2 cloud giants may join: Consensys

A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says.

08.09 / 04:33

business Adoption defi Futures Derivatives Synthetix DEX launch to join efforts reducing the 'serious friction' in DeFi

Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — with a Q4 slated launch of the Synthetix V3 protocol and its decentralized exchange front-end, called Infinex.

08.09 / 02:03

business Blockchain Web3 Web3 made simple: Brinc joins forces with Cointelegraph Accelerator

Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year, and new projects need more help than ever to carry their work throughout the early phases.

08.09 / 01:23

business Law Europe coinbase G20 Asia Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.

07.09 / 23:31

business Law Binance Ripple Liquidity Grayscale Banks Binance CEO brushes off negativity, assures firm has 'no liquidity issues'

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty.

07.09 / 21:47

business Blockchain Tokens JPMorgan moves into deposit tokens for settlements: Report

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.

07.09 / 21:45

business Hackers hacks Mining Windows tool targeted by hackers deploys crypto-mining malware

Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco’s Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines.

07.09 / 19:03

business Microsoft Tencent WeChat OpenAI Tencent unveils ChatGPT rival in China amid continuing US AI chip ban

Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit in Shenzhen on Sept. 7.

07.09 / 17:29

business Blockchain Technology Adoption DLT AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's

Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6.

07.09 / 14:07

business regulation exchanges foreign Taiwan to restrict unregistered, noncompliant foreign crypto exchanges

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs).

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