Business Financial News

03.08 / 00:19

business Court Futures ASIC eToro Financial Australian Australian financial regulator sues eToro over ‘volatile’ trading products

Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money.

02.08 / 22:31

business Robinhood Investments Robinhood turns profitable in Q2, but crypto revenue declines

Robinhood released its second-quarter results, achieving profitability for the first time since becoming a public company, despite a drop in revenue in the second quarter of 2023.

02.08 / 20:21

business Twitter Subscribers on X (formerly Twitter) can hide their blue check marks now

X users who subscribe to the “Blue” service now have the option to hide their check mark, according to a recently updated Twitter Help article.

02.08 / 15:23

business Blockchain Kucoin Mining Pools KuCoin suspends Bitcoin and Litecoin mining pools

KuCoin's Bitcoin (BTC) and Litecoin (LTC) mining pools will be suspended from 16:00:00 on Aug. 15, 2023 (UTC) until further notice.

02.08 / 13:55

business Government identity Worldcoin businesses Worldcoin to allow government and businesses to use ID system: Report

Worldcoin plans to expand its operations to allow governments and businesses to utilize its iris-scanning and identity-verifying technology in an effort to sign up more users, according to a Reuters report.

02.08 / 13:07

business Adoption Decentralization Future Power Exploring the future of AI: The power of decentralization

The field of artificial intelligence (AI) is taking the world by storm, but many people have found themselves looking up at the sky, wondering where all the rain came from.

02.08 / 11:49

business Binance regulation reports Mixed signals: Binance denies reports of $90 billion in crypto trades in China

Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation.

02.08 / 10:39

business Blockchain SEC Tokens Ripple CEO slams SEC over use of XRP report in lawsuit

Ripple CEO Brad Garlinhouse on August 2, expressed his disapproval of the United States Securities and Exchange Commission (SEC) for utilizing Ripple's quarterly XRP Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit.

02.08 / 08:39

business Binance exchanges Binance says 'no comment' on report it mulled closing U.S. arm to protect its global firm

Binance has declined to comment on a media report that CEO Changpeng Zhao almost shuttered the crypto trading platform's arm in the United States in an effort to protect its global company.

02.08 / 03:31

business MicroStrategy Bitcoin Bitcoin Price Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC).

02.08 / 03:31

business Law regulation FTX Court Bankruptcy Jail SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

02.08 / 02:17

business Law regulation FTX Court Bankruptcy exit creditors FTX creditors FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

02.08 / 02:17

business MicroStrategy Bitcoin Regulation Bitcoin Halving Bitcoin Bitcoin Price Returns MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.

01.08 / 21:57

business wallet Bitcoin Regulation Support GameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’

Gaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.”

01.08 / 20:37

business Bankruptcy Customers Voyager customers targeted by scammers during 30-day withdrawal period: Report

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.

01.08 / 17:23

business Binance Asia services Binance Japan begins launching trading services for residents

Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.

01.08 / 13:51

business Adoption Middle east Nomura’s crypto arm Laser Digital bags Dubai VARA license

The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space.

01.08 / 13:19

business Adoption awards AI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.

Using artificial intelligence (AI) in creative industries is not an entirely new phenomenon. Whether in color-correcting images or cleaning up vocals, the technology has been deployed for years.

01.08 / 13:19

business Law Adoption privacy data privacy Future debate Worldcoin launch sparks debate over data privacy and future of AI

The controversial digital ID crypto project Worldcoin launched on July 24 after three years of development.

01.08 / 13:19

business Microsoft Google Intel Meta AI mentions skyrocket in major tech companies' Q2 calls

In earnings calls for the second fiscal quarter for major tech companies, the mention of artificial intelligence (AI) has skyrocketed compared to the previous quarter, according to a report on the topic from Reuters.

01.08 / 08:51

business Facebook Meta Instagram Meta Ceo Meta to launch AI chatbots with personalities to retain users: Report

Meta, the parent company of Facebook and Instagram, plans to release artificial intelligence (AI) chatbots with human-like personalities as it focuses on user retention efforts, according to a report from the Financial Times.

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