Business Financial News

30.08 / 01:41

business Asia Banks banking Seba Bank services SEBA Bank secures in-principle nod for crypto services in Hong Kong

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.

29.08 / 23:17

business Stablecoin regulation Altcoin SEC Tether Banks Tether adds Bahamas-based private bank Britannia as partner: Report

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.

29.08 / 22:05

business Stablecoin Adoption Circle USDC stablecoin Circle launches USDC stablecoin on Mercado Pago in Chile

Fintech company Circle announced a partnership with Mercado Libre on Aug. 29 to bring the USD Coin stablecoin to Mercado Pago.

29.08 / 15:21

business SEC sec lawsuit Breaking: Grayscale wins SEC lawsuit

Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the United States Securities and Exchange Commission (SEC) in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin ETF.

29.08 / 13:13

business Mining Mining Pools Cloud Mining Bitcoin Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and Bitcoin (BTC) mining revenues, while it tackled a significant net loss of $110 million — up 31% on Q1.

29.08 / 12:21

business Media ChatGPT Media companies grapple with AI both inside and outside newsrooms

Many leading media companies have taken a stance against allowing artificial intelligence (AI), like OpenAI’s ChatGPT, into the newsrooms, and have withheld permission for AI to scan their content on the web.

29.08 / 10:57

business Department Of Justice us government FTX Court Sam DOJ seeks to bar Sam Bankman Fried’s expert witnesses from testifying

The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam “SBF” Bankman-Fried banned from testifying in court.

29.08 / 09:15

business Mining Mining Pools Cloud Mining Bitcoin Argo Blockchain cuts 2022 debt by half, down to $75M

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.

29.08 / 05:41

business Technology Food Tech Customers DoorDash launches AI bot to take customers' takeout orders

Food delivery service platform DoorDash is integrating AI technology for their restaurant clients, which will see customers communicating their food orders to AI-powered bots instead of busy in-house staff.

29.08 / 04:43

business Adoption defi Altcoin Polygon Scalability layer2 Shibarium wallets surpass 100K after SHIB devs relaunch bridge

Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28.

29.08 / 02:07

business Blockchain solana Solana-based Clockwork to shutter citing ‘limited commercial upside’

The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."

29.08 / 00:11

business Adoption privacy security Enterprise OpenAI Power OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version

OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure, and powerful version of the chatbot for businesses.

29.08 / 00:11

business Ethereum Social Media community BaSe Friend Friend.tech threatens to punish users if they use copycat apps

Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform.

28.08 / 21:53

business Law Social Media FTX YouTube youtuber BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

The parent of Hit Network, which controls the “BitBoy Crypto" brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.

28.08 / 19:35

business Investments Analysis economy economics Opinion crypto volatility The bright side of Evergrande’s collapse? More crypto volatility

As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world and will have sizable ramifications.

28.08 / 18:35

business Binance sanctions Binance leaving Russian market is ‘on the table’: Report

Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States.

28.08 / 17:09

business Binance Binance says it 'continues to serve' Belgian users via Poland entity

After an order from the Belgian Financial Services and Markets Authority (FSMA), crypto exchange Binance announced its Poland entity would be providing services to residents of Belgium.

28.08 / 14:21

business Twitter Europe Google privacy European Union data Updates Google updates service policies to comply with EU regulations

Google plans to update some of its service policies in order to comply with the European Digital Services Act (DSA) according to a blog post on Aug. 24.

28.08 / 13:33

business event Adoption Conference Event Recap week Islamic finance and Web3 take stage at Istanbul Blockchain Week

Being one flight away from both Dubai and London, Istanbul is the “financial capital” of Turkey and a popular destination for events and organizations. Its convenient location also helps organizers customize their events to align with the specific needs of Eastern or Western cultures — which felt like the case at Istanbul Blockchain Week 2023.

28.08 / 09:15

business Government Mining Bitcoin Laos halts electricity supply to crypto mining projects amid drought

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.

28.08 / 05:13

business Blockchain Adoption Gaming FinTech HK Financial 'Breakthrough growth' will be driven by Web3: HK financial secretary

Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of "breakthrough growth" in the digital technology industry in a recent blog post.

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