Business Financial News
04.08 / 16:33
business
Bankruptcy
Core Scientific appoints Adam Sullivan as CEO amid restructuring process
Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board.
04.08 / 14:33
business
Blockchain
Cybersecurity
security
Fraud
Ensuring integrity of blockchain transactions: Trust through audits
Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations.
04.08 / 09:37
business
Google
Meta
generative AI
Meta launches suite of generative AI music tools rivaling Google’s MusicLM
Meta, the parent company of Facebook and Instagram, launched a suite of generative AI models on Aug. 2, which it calls AudioCraft, for the purpose of music creation from various inputs, according to a blog post.
04.08 / 04:13
business
Ethereum
Adoption
SEC
Ether ETF
Ether ETF applications flood the SEC as ProShares files the 11th
The United States Securities and Exchange Commission has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week.
04.08 / 02:39
business
SEC
coinbase
sec lawsuit
Coinbase to file order seeking dismissal of SEC lawsuit
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case.
04.08 / 02:39
business
Investments
Square
cryptocurrency investment
Bitcoin
Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.
03.08 / 21:19
business
Blockchain
coinbase
Report
Bitcoin
Deal
Coinbase Q2 earnings beat estimates amid Blackrock custody deal, institutional focus
New York-based crypto exchange Coinbase reported revenue in the amount of $708 million in the second quarter of 2023, despite the regulatory issues it's faced in recent months, boosted by a custody deal with Blackrock and institutional focus.
03.08 / 19:37
business
Blockchain
Funding
Metaverse
Venture Capital
Meta Ceo
Futureverse co-founders launch $50M venture fund
Shara Senderoff and Aaron McDonald, co-founders of AI and metaverse company Futurverse, have launched a new $50 million venture fund and studio.
03.08 / 18:51
business
privacy
Analysis
Opinion
Worldcoin
Sam
Worldcoin: Should you let Sam Altman scan your eyeballs for WLD?
OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking to link real-world identity with decentralized blockchain identity. Many aspects of the project embody the dystopian nightmare that the cypherpunks created Bitcoin (BTC) and other cryptocurrencies in order to avoid.
03.08 / 18:23
business
Blockchain
Metaverse
Staking
The Sandbox implements KYC measures for protocol staking
Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement.
03.08 / 17:51
business
Twitter
Social Media
European Union
compensation
elon
Agence France-Presse sues Elon Musk and X/Twitter over compensation for news
Agence France-Presse (AFP) announced a lawsuit against X, the company formerly known as Twitter, on Aug. 2, citing Europe’s “neighboring rights” legislation.
03.08 / 14:23
03.08 / 13:29
business
Meta
open
Alibaba releases two open-sourced AI models to rival Meta’s Llama 2
Alibaba Group, the Chinese tech and e-commerce giant, announced the release of two open-sourced artificial intelligence (AI) models from its cloud computing department on Aug. 3, according to a press release.
03.08 / 13:29
business
Blockchain
Ethereum
Liquidity
Aave
Curve Finance
Aave Chan founder proposes buying $2M CRV from Curve founder
Amid growing uncertainty around Curve exposure for many decentralized finance protocols, Aave Chan founder Marc Zeller has proposed that Aave Treasury buy $2 million worth of CRV tokens in USDT from Curve Founder Michael Egorov.
03.08 / 12:39
business
Blockchain
Tokens
Curve Finance
Support
acquires
Huobi's Jun Du acquires 10 million CRV tokens to support Curve
Jun Du, the co-founder of Huobi, has bought 10 million Curve tokens (CRV) for $4 million from Michael Egorov, the founder of Curve, as he seeks ways to decrease his exposed loan position.
03.08 / 11:13
business
Investments
NVIDIA
Samsung
Intel
AI chip developer gets $100 million from Samsung and Hyundai
The artificial intelligence (AI) chip developer Tenstorrent, announced the closing of a $100 million funding round on Aug. 3 which was led by major manufacturing companies Samsung and Hyundai, among others.
03.08 / 11:13
business
Blockchain
Stablecoin
Binance
Tokens
Trading Pairs
Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees
Crypto exchange Binance, on Thursday, August 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin and Ethereum trading with newly added FDUSD stablecoin spot and margin pairs.
03.08 / 11:13
business
regulation
FTX
Bankruptcy
FTX files motion to exclude its Dubai unit from bankruptcy proceedings
Bankrupt crypto exchange FTX filed a motion in court to remove its Dubai unit from the ongoing restructuring proceedings in the United States.
03.08 / 09:31
business
Hackers
hacks
Mining
Cybersecurity
Cybercrime
Top crypto
cyber threats
Cyber
BlackBerry reveals top crypto-focused malware amid rising cyber threats
In the process of stopping over 1.5 million cyberattacks between March and May, the cybersecurity arm of the former smartphone goliath BlackBerry identified malware families that actively try to hijack computers to mine or steal cryptocurrencies.
03.08 / 09:31
business
Blockchain
Bankruptcy
court approval
BlockFi’s Chapter 11 plan progresses with conditional court approval
BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement.
03.08 / 02:55
business
Investments
Stock Investment
AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs
Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs.
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