Business Financial News
17.08 / 20:43
business
Technology
Space
cryptocurrency investment
Bitcoin
SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
Aerospace technology firm SpaceX reportedly sold roughly $373 million worth of Bitcoin (BTC) it acquired starting in 2021.
17.08 / 18:51
business
Ripple
regulation
SEC
Judge grants SEC request to file motion for appeal in Ripple case
Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to leave to file an interlocutory appeal in its case against Ripple Labs. The securities regulator sent a letter to Torres on Aug. 9, saying her decision could affect multiple pending court cases.
17.08 / 16:59
business
Blockchain
coinbase
Breaking: Coinbase to suspend USDT trading for Canadian users
Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31.
17.08 / 16:19
business
wallet
lending
Bankruptcy
Withdrawals
BlockFi opens crypto withdrawals for eligible US users following court order
Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from a United States bankruptcy court.
17.08 / 15:11
business
Blockchain
Law
FTX
settlement
FTX seeks $175M settlement with Genesis entities to resolve dispute
FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.
17.08 / 13:51
business
Law
Stablecoin
Adoption
PayPal
Tether
Usd Coin
PayPal’s stablecoin opens door for crypto adoption in traditional finance
Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.
17.08 / 11:01
business
Technology
Google
Google upgrades search engine with AI-powered enhancements
Google introduced a series of enhancements to its search engine on Aug. 15, incorporating advanced generative artificial intelligence (AI) features it says will enhance online information discovery and comprehension.
17.08 / 08:07
business
regulation
Scams
Police
Blockchain Game
National
play
Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police
The Philippine National Police Anti-Cybercrime Group (PNP ACG) scrutinized some of the models used by cryptocurrency games, warning Filipino citizens against the various schemes used to extort money from the gaming community.
17.08 / 06:21
17.08 / 03:23
business
Adoption
SEC
Bitcoin
Bitcoin Price
Spot ETFs
approved
analyst
Bitcoin price will surge past $150K if spot ETFs are approved: Analyst
The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved, according to investment research boutique Fundstrat.
16.08 / 22:49
business
Ripple
XRP
regulation
SEC
us government
Court
Ripple Labs
Ripple Labs bites back against SEC's request to file appeal
Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Analisa Torres on Jul. 13.
16.08 / 22:49
business
Blockchain
Adoption
regulation
Bitcoin Regulation
regulatory
Canada’s regulatory clarity is bringing institutions to crypto — WonderFi CEO
Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cointelegraph at the Blockchain Futurist Conference in Toronto.
16.08 / 18:11
business
Twitter
Social Media
Vitalik Buterin calls X’s Community Notes an example of ‘crypto values’
Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media.
16.08 / 16:45
business
Ethereum
regulation
Ether price
valkyrie
Breaking: Valkyrie files for Ether futures ETF with the SEC
Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on Aug. 16, the application is an addition to the company's previous move to change its investment strategy for a Bitcoin futures ETF in line with the regulator.
16.08 / 13:15
business
Blockchain
Ethereum
Adoption
PayPal
Hardware Wallet
Ledger
Ledger announces U.S. PayPal integration, lets users buy crypto from within app
Hardware wallet manufacturer Ledger has integrated its Ledger Live software with PayPal, according to an Aug. 16 joint announcement by the two companies. The integration allows U.S. residents with verified PayPal accounts to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly through Ledger Live with no extra verification, the announcement stated.
16.08 / 13:15
business
Ethereum
Smart Contracts
Chain
ZetaChain raises $27M in equity round to enable chain-agnostic interoperability
Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and other investors.
16.08 / 13:15
business
Funding
BitGo
Bitcoin
BitGo raises $100M after losing lawsuit against Galaxy
Cryptocurrency custody platform BitGo has raised fresh capital after facing a series of terminated deals involving firms like Michael Novogratz’s Galaxy Digital.
16.08 / 09:45
business
Technology
ChatGPT
Time
OpenAI says ChatGPT-4 cuts content moderation time from months to hours
OpenAI, the developer behind ChatGPT, is advocating the use of artificial intelligence (AI) in content moderation, touting its potential to enhance operational efficiencies for social media platforms by expediting the processing of challenging tasks.
16.08 / 04:29
business
Stellar
MoneyGram
stake
Stellar dips into treasury to buy minority stake in MoneyGram
The Stellar Development Foundation (SDF) has become a minority investor in payments provider MoneyGram International.
16.08 / 01:03
business
banking
Silvergate CEO to depart amid ongoing liquidation and investor suits
Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank.
16.08 / 00:41
business
Ethereum
NFT
wallet
us government
white house
Donald Trump’s Ethereum wallet holds $2.8M, new statement shows
A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet.
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