Business Financial News

09.08 / 16:35

business defi Hackers hacks Usd Coin Aave’s Earning Farm protocol targeted by reentrancy attack — PeckShield

Blockchain security firm PeckShield revealed fresh vulnerabilities targeting decentralized finance (DeFi) projects on Aug. 9. According to the firm, Aave’s Earning Farm has been compromised by a reentrancy attack, resulting in the theft of at least $287,000 worth of Ether (ETH).

09.08 / 15:31

business Blockchain Art coinbase Gaming week Coinbase celebrates art, music and gaming with a three-week blockchain event

Presented by Coinbase, the Onchain Summer festival will bring the community together for three weeks in August to build, socialize, play and celebrate innovation.

09.08 / 12:57

business Art Google copyrights Deal Universal Music and Google in talks over deal to combat AI deep fakes: Report

Universal Music Group — one of the world’s leading music companies — and Google are in negotiations to license melodies and vocal tracks of artists to be used in songs generated by artificial intelligence (AI), according to a report from the Financial Times.

09.08 / 10:15

business NVIDIA Costs Nvidia drops new AI chip expected to cut development costs

Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7, designed to power high-level artificial intelligence (AI) systems.

09.08 / 08:53

business Blockchain regulation Investments Venture Capital cryptocurrency investment FTX Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX.

09.08 / 05:59

business Law regulation Altcoin Fraud FTX FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.

09.08 / 02:19

business Hackers hacks Altcoin Scams phishing X account Blockchain Capital’s X account hacked promoting token claim scam

The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim.

09.08 / 01:03

business Stablecoin Adoption regulation Banks Federal Reserve US Fed steps up oversight of banks' involvement with crypto firms

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry.

08.08 / 23:05

business Mining Marathon Marathon Digital Q2 results miss revenue and earnings forecasts

Crypto mining firm Marathon Digital missed earnings and revenue expectations with its second-quarter 2023 results.

08.08 / 22:39

business Mining Bitmain Asset management Bankruptcy stake Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage

Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.

08.08 / 20:17

business Blockchain BitStamp Bitstamp to suspend trading of major altcoins for US users

Cryptocurrency exchange Bitstamp will suspend trading of Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL) for customers residing in the U.S. beginning August 29.

08.08 / 17:33

business Mining Television AIM Futurama’s latest reboot takes aim at Bitcoin miners

The animated science fiction cartoon series Futurama, which was created long before Bitcoin (BTC) was even a gleam in Satoshi Nakamoto’s eye, poked fun at cryptocurrency miners in the third episode of its most recent iteration.

08.08 / 17:11

business Blockchain coinbase Buyback Coinbase begins $150M debt buyback at 36% discount

Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.

08.08 / 14:49

business Binance Latin America services Binance receives licenses to offer crypto services in El Salvador

Global cryptocurrency exchange Binance has reported being granted licensing to provide services to residents of El Salvador.

08.08 / 13:23

business Disney Costs Disney creates an AI task force to explore the tech and cut costs: Report

Disney is reported to have created a task force to study artificial intelligence (AI) and its potential applications throughout the company, according to a Reuters report.

08.08 / 09:41

business Blockchain Stablecoin Binance Silvergate Bitcoin Bitcoin Price Binance sold USDC for BTC and ETH after Silvergate Bank collapse: PoR report

Cryptocurrency exchange Binance released its latest proof-of-reserves (PoRs) on Aug. 1, offering transparency into its crypto reserves. However, the movement of its USD Coin (USDC) reserves at the time of Silvergte’s collapse caught many people’s attention and became a topic of discussion on X (formerly Twitter).

08.08 / 08:59

business Europe BitStamp Pantera Capital Bitcoin expansion Bitstamp crypto exchange to raise funds for global expansion: Report

Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations.

08.08 / 05:07

business privacy copyrights data Internet ChatGPT OpenAI launches web crawler 'GPTBot' amid plans for next model: GPT-5

Artificial intelligence firm OpenAI has launched “GPTBot” — its new web crawling tool which it says could potentially be used to improve future ChatGPT models.

08.08 / 02:21

business Ethereum Stablecoin CBDC PayPal us government transactions PayPal USD NOT Paypal USD: Boon for Ethereum but not decentralization, says community

Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community.

08.08 / 02:21

business data ChatGPT Updates Zoom updates terms after backlash, won’t train AI without consent

Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train AI without consent.

07.08 / 23:51

business regulation Blockchain.com Blockchain.com scores payment license from Singapore central bank

Crypto exchange Blockchain.com has been granted a payments license from Singapore's central bank — the Monetary Authority of Singapore (MAS).

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