Business Financial News

07.09 / 13:09

business Blockchain Binance regulation Bitcoin Regulation Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list

The world’s leading crypto exchange by trading volume, Binance, has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are the norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a key talking point in the crypto community.

07.09 / 09:07

business Google Artists AI-generated Drake song up for Grammy nomination

A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of the rapper Drake has been submitted for consideration for a Grammy award, according to a Sept. 5 New York Times report.

07.09 / 08:29

business regulation IRS Federal Reserve US Treasury, IRS propose cryptocurrency regulations for brokers

Two federal agencies of the United States — the Department of the Treasury and the Internal Revenue Service (IRS) — have released a set of cryptocurrency regulations proposal detailing brokers' reporting requirement.

07.09 / 08:29

business Google Elections Google makes AI disclosure mandatory in political campaign ads

Google is making updates to its political content policy to include a new mandate that all verified election advertisers must disclose uses of artificial intelligence (AI) in campaign content.

07.09 / 02:17

business Ethereum Adoption SEC CBOE Bitcoin analyst VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.

07.09 / 02:17

business regulation Court Bankruptcy Celsius network Celsius Network files 'adversary complaint' against EquitiesFirst

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.

06.09 / 21:27

business Digital Currency Group Bankruptcy Genesis sues parent company DCG, other affiliate for $600M in overdue loans

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total.

06.09 / 21:27

business Blockchain Ethereum defi Staking Bitcoin VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals. Cointelegraph’s VC roundup highlights the latest projects striving in this complex and competitive environment.

06.09 / 21:27

business Ethereum Investments SEC 21Shares spot Ether ETF Ether ETF Following SEC delays, Ark Invest and 21Shares file for spot Ether ETF

Amid the United States Securities and Exchange Commission (SEC) delaying a decision on Ark Investment Management’s spot Bitcoin (BTC) exchange-traded fund, the firm has proposed an investment vehicle with exposure to Ether (ETH).

06.09 / 18:27

business HashKey signs MOU for crypto exchange insurance

Users of Hashkey Exchange Hong Kong will soon be able to receive insurance protection on digital assets custodied on the platform.

06.09 / 17:43

business Blockchain Adoption NFT Google Blockchain Game Google will allow ads for NFT games starting Sept. 15

Google has updated its cryptocurrency advertising policy to allow for blockchain-based nonfungible token (NFT) gaming advertisements as long as they don’t promote gambling or gambling services.

06.09 / 16:49

business economy Retirement Young Canadians want to save for retirement despite high cost of living: survey

Despite the high cost of living making it harder to set aside money after expenses, a recent survey indicates Gen Z and millennial Canadians still want to start saving for retirement.

06.09 / 15:08

business defi Investments Venture Capital cryptocurrency investment strategies Crypto VC: Risk and investment strategies with Shima Capital

Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can be to secure valuable VC funding that can keep the lights on and employees paid during the critical first days of a new project.

06.09 / 15:08

business Ripple XRP Altcoin SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries.

06.09 / 11:01

business Blockchain Investments network Paris Hilton, a16z back IP ownership network Story Protocol

The new blockchain-based IP ownership network Story Protocol closed a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton’s 11:11 Media, and Andreessen Horowitz, also known as a16z.

06.09 / 10:53

business Blockchain regulation FTX Court Fried Sam bail Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors

The United States Attorney’s Office has filed an affirmation of the denial of bail to former FTX CEO Sam “SBF” Bankman-Fried, claiming that he could attempt witness tampering and stating that no release conditions would assure the safety of the witnesses. Prosecutors responded to several claims made in his appeal against the bail revocation, calling it “meritless.”

06.09 / 08:49

business Mining Mining Pools Bitcoin Marathon’s Bitcoin mining rate fell 9% in August

United States-based crypto mining operator Marathon Digital Holdings produced 1,072 Bitcoin (BTC) in August — 9% less than in July but five times more than in August 2022.

06.09 / 07:31

business Blockchain wallet ConsenSys MetaMask Cross-Chain DApp store for your wallet: Consensys readying cross-chain Metamask Snaps

MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys Head of Strategy Simon Morris.

06.09 / 04:21

business Adoption Food Lightning Network lightning Bitcoin Time Colombian Bitcoiner aims to orange-pill coffee lovers one bean at a time

José Luis Garcia is a coffee-lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry.

06.09 / 02:53

business Blockchain Developers Software OpenAI AI-coded smart contracts may be flawed and 'fail miserably' when attacked: CertiK

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK.

05.09 / 21:47

business Digital Currency Group Bankruptcy spot trading US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.

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