Business Financial News

23.08 / 09:53

business Artists data transparency Hollywood studios offer new proposal for AI and data transparency to curb strike

The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainment industry surrounding the usage of artificial intelligence (AI) and data transparency.

23.08 / 09:53

business CBDC Adoption DLT CBDCs offer faster settlements: Citi survey of global securities firms

Discussions around shortening local financial settlement cycles within the next five years have most securities firms eyeing central bank digital currencies (CBDCs).

23.08 / 06:05

business Law regulation Fraud FTX Court Prison Fried Sam Low Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison

FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication.

23.08 / 02:55

business Binance regulation Binance USD Binance.US taps MoonPay as banking alternative to regain USD ramps

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.

23.08 / 02:17

business Adoption regulation Investments lending Loans Bankruptcy BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors.

22.08 / 15:25

business Blockchain Prison Chinese official sentenced to life in prison for Bitcoin mining, corruption

A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of corruption.

22.08 / 14:35

business regulation FTX Bitcoin Fried Sam NOT FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report.

22.08 / 08:33

business Adoption CoinShares Ledger Crypto License Joint Venture Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license

Komainu, a joint venture between leading Nomura, and crypto firms CoinShares and Ledger, received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA).

22.08 / 08:33

business Technology YouTube YouTube releases ‘principles’ for working with music industry on AI tech

YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21.

22.08 / 06:33

business FTX Court Trial Fried Sam FTX's Sam Bankman-Fried prosecutors submit proposed jury instructions for trial

United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried.

22.08 / 06:21

business Cybersecurity Cybercrime Cyber Firms have mere hours to deflect cyber attacks, warns cybersecurity CEO

Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before.

22.08 / 06:21

business Adoption Bitcoin Backed Gold-backed BRICS currency will be 'very hard' to deliver: Lyn Alden

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar.

22.08 / 04:09

business Adoption data Research United Nations ChatGPT AI unlikely to destroy jobs, but cost to certain workers may be ‘brutal’ — UN study

Generative AI is more likely to complement existing jobs than take over them entirely, though certain roles, such as clerical work, could see more of their tasks automated than others.

22.08 / 02:13

business Facebook regulation Court Meta Crypto scams Thailand threatens Facebook over crypto scams and other fraudulent ads

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

22.08 / 02:13

business Blockchain Social Media coinbase Report BaSe Friend Friend.tech denies report that database of over 100K users was ‘leaked’

The team behind the viral decentralized social media platform friend.tech has refuted a report which claimed that the personal information of more than 100,000 of its users was “leaked.”

22.08 / 00:29

business Blockchain Mining Crypto miner Hive Digital CEO sees AI working in unison with blockchain

Crypto mining firm Hive Blockchain sent a signal to the tech industry when it dropped “blockchain” from its namesake in July, opting to call itself Hive Digital Technologies and reflect its artificial intelligence foray.

21.08 / 22:11

business coinbase Circle Usd Coin Shuts Down Centre stake Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down

Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbaseand Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin (USDC) stablecoin and have until now governed the token through the Centre Consortium.

21.08 / 16:19

business Blockchain coinbase bonds Buyback Coinbase sees lukewarm demand for debt buyback, raises offer

Crypto exchange Coinbase has raised the offer on its $150 million debt buyback program after lukewarm demand.

21.08 / 15:37

Dogecoin business community Shiba Inu memecoin Crypto users Crypto users react to death of Shiba Inu behind viral memes

Cheems Balltze, the dog behind viral images of the Shiba Inu enjoying cheeseburgers, died in his sleep on Aug. 18 amid a battle with cancer.

21.08 / 14:53

business Binance Europe Bitcoin Withdrawals Binance limits withdrawals in Europe, cites payment processor issues

Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.

21.08 / 14:43

business Blockchain Ethereum Stablecoin Adoption PayPal PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one of America’s largest financial technology companies — announced on Aug. 7 its U.S. dollar-pegged payment stablecoin, PayPal USD (PYUSD).

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