Business Financial News

11.08 / 17:57

business ETF regulation SEC Bitcoin Regulation Bitcoin bitcoin etfs SEC decision SEC decision on Bitcoin ETFs won't leave out Wall Street giants

The Securities and Exchange Commission's (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity.

11.08 / 15:41

business Blockchain NFT Sport FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.

11.08 / 13:55

business Blockchain Binance regulation Cybersecurity AML compliance Binance applies for Taiwan AML compliance: Report

Binance, the world’s leading crypto exchange by trading volume, has reportedly applied to be registered in Taiwan under the Money Laundering Control Act and the Financial Supervisory Commission (FSC).

11.08 / 04:47

business Adoption Ripple XRP SEC Gemini XRP briefly hits $50 on Gemini as users suspect relisting 'price glitch'

Crypto users have reported seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading.

11.08 / 02:55

business Law Robinhood Gaming stocks Wall Street shares Robinhood beats investors’ appeal in GameStop meme stock case

A United States federal appeals court has upheld a decision to dismiss an investor class action lawsuit against online brokerage firm Robinhood Markets over its meme stock trading debacle in early 2021.

10.08 / 19:11

business Blockchain wallet Cross-Chain Cross-chain wallet BitKeep changes name to Bitget Wallet after acquisition

Cross-chain wallet BitKeep has changed its name to Bitget Wallet after the crypto exchange purchased a controlling stake for $30 million in March.

10.08 / 17:47

business Stablecoin Altcoin Circle Usd Coin Deal Circle preps $1B war chest to deal with market threats from PayPal and others

Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.

10.08 / 17:09

business Blockchain Cybersecurity Cybercrime Chinese police to crackdown on crypto and deepfake AI

After a surge in personal identity thefts and digital financial crimes, Chinese police are taking closer scrutiny at the Web3 sector.

10.08 / 16:19

business Stablecoin regulation economy Reserve Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.

10.08 / 13:59

business Ripple Payments banking Cross-border Ripple joins BIS cross-border payments task force

The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple.

10.08 / 13:59

business Blockchain Law FTX FTX debtors FTX debtors and UCC clash over asset control in restructuring

FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee of Unsecured Creditors (UCC) who are aiming to gain authority over assets. They believe the UCC’s plan to invest nearly $2.6 billion in cash reserves in short-term Treasuries is a bad idea amid FTX 2.0 draft restructuring plan.

10.08 / 12:17

business Blockchain Banks banking Bitcoin Holdings Crypto Holdings US bank reveals $170M in crypto holdings: Q2 earnings report

San Fransico-based Sofi Bank revealed it holds $170 million in crypto on its balance sheet in the Q2 earning report. The United States bank that serves over 6 million customers has seen a significant increase in its crypto holdings compared to the last quarter.

10.08 / 07:43

business Law regulation SEC coinbase Court SEC use of Terraform ruling hints Coinbase dismissal motion attack plan

A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase.

10.08 / 04:55

business Ethereum Art Adoption NFT Polygon partnership Grant NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon.

10.08 / 04:15

business NFT Payments Apple Court Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait

Crypto app developers hoping for a loosening of Apple's App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.

10.08 / 03:21

business Blockchain Adoption defi Microsoft Altcoin Deal Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises.

10.08 / 03:21

business Blockchain Binance wallet coinbase hot wallet vulnerability Fireblocks discloses massive vulnerability affecting crypto wallets

Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks.

10.08 / 00:13

business Blockchain Mining Press Release Bitcoin Riot Riot Platforms Bitcoin Miner Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity.

09.08 / 22:17

business Law Ripple regulation Altcoin SEC SEC to seek interlocutory appeal in Ripple Case

The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’s July 13th summary judgment in its ongoing legal battle against Ripple Labs.

09.08 / 19:47

business Mining stocks Financial Bitdeer, B. Riley Financial enter into agreement for $150M share purchase

Bitdeer, a crypto mining firm spun off from mining manufacturer Bitmain, has entered into an agreement with the special purpose acquisition company (SPAC) B. Riley Financial to sell up to $150 million of its Class A ordinary shares.

09.08 / 19:47

business Blockchain Technology Adoption Asia Africa identity controversy Worldcoin controversy explained in latest Cointelegraph Report

Worldcoin, an ambitious but also controversial cryptocurrency project, has been making headlines since its launch last month. The project collects people’s biometric data by scanning their eyeballs via a metallic orb. Its goal is to create a proof-of-personhood system that allows it to distinguish robots from humans in the budding era of AI.

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