Business Financial News

28.07 / 01:51

business ETF regulation SEC coinbase Grayscale Bitcoin bitcoin etfs Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage.

28.07 / 01:51

business Altcoin Funding Venture Capital cryptocurrency investment FTX Silicon Valley collapses Sequoia slashes its crypto fund by 66% after industry collapses: Report

Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.

27.07 / 21:19

business Analysis economy economics Opinion inflation Interest rates Why is Jerome Powell gaslighting us about the odds of recession?

Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference.

27.07 / 20:29

business Stablecoin Adoption MakerDAO DAI boost MakerDAO increases DAI yield in a bid to boost demand

A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders to as high as 8%.

27.07 / 20:29

business Twitter Social Media Scams Worldcoin Scammers pile on to impersonate WorldCoin on Twitter following token launch

Several fake accounts on X — formerly Twitter — were pushing malicious links to followers following the launch of the Worldcoin human identity verification token.

27.07 / 16:47

business Stablecoin regulation analyst Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm.

27.07 / 12:57

business Blockchain BSC Smart contracts continue to rise amid market downturn: BNB Chain Q2 report

Although some consider the second quarter of 2023 a lost quarter, others find that the smart contracts industry remains resilient. Even though the crypto space suffered from lower investments from venture capital firms, developers continue to deploy smart contracts, signaling a growing demand for blockchain-based solutions.

27.07 / 10:59

business Technology Adoption Netflix Netflix eyes AI amid Hollywood strike, offers high-paying AI positions

As the Screen Actors Guild‐American Federation of Television and Radio Artists/Writers Guild of America (SAG-AFTRA/WGA) strike over the use of artificial intelligence (AI) in film and TV production enters its second week, Netflix is advertising for AI developers to fill Product Manager and Technical Director positions within its R&D Labs and Machine Learning division.

27.07 / 10:31

business Twitter rebrand debate Twitter to X rebrand sparks debate over new name for ‘tweets’

The social media platform formerly known as Twitter began its metamorphosis from its iconic blue bird, tweet-centric operations, to its new form as ‘X’ on July 24.

27.07 / 10:07

business Blockchain Twitter Social Media Twitter hijacks @X handle, offered user merch, trip to HQ as 'thank you'

Twitter is currently undergoing a rebrand to X, after owner Elon Musk grabbed headlines when he announced that the 17 year old social media platform he acquired last year would have a new name, logo, look and feel on July 24. X will serve as the new name of the social media platform and a broader ecosystem platform which Musk intends to develop.

27.07 / 09:51

business Investments partnership Bitcoin Regulation Bitcoin Crypto-friendly BlackRock starts ‘digital-first’ investment offering in India

Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India.

27.07 / 08:35

business Blockchain Adoption data identity KYC reports Worldcoin rebuts reports of lackluster takeup as Altman cites Japan queues

Amid discussions around the falling interest in Worldcoin, a blockchain project dedicated to building a user identity network, Worldcoin co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for ‘free’ Worldcoin (WLD) tokens.

27.07 / 05:11

business Adoption Web3 marketing Digital marketing will become Web3's next major use case, says report

The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already “thinking deeply” about how to utilize the Web3 tech stack.

27.07 / 03:29

business Law FTX Court Fried Sam Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.

27.07 / 02:15

business Adoption Hackers regulation Cybersecurity Scams lazarus Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.

26.07 / 23:05

business Facebook virtual reality Metaverse Meta Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023.

26.07 / 18:37

business DEX Web3 Decentralized Exchange DAO web3 ecosystem Semi-centralized exchange opens doors to its innovative Web3 ecosystem for trading and governance

In the rapidly evolving world of cryptocurrency, significant changes have occurred within the crypto sector, particularly concerning crypto exchanges, over the past few years. Centralized exchanges (CEXs) have experienced remarkable growth, transforming into industry giants. These platforms have played a vital role in facilitating the buying, selling and trading of various cryptocurrencies, serving as intermediaries between traders and the digital asset market.

26.07 / 16:59

business regulation Holdings Crypto Holdings capital rules Canada proposes new capital rules for crypto holdings

Canada's financial watchdog is proposing changes to its capital and liquidity approach to crypto assets, according to an announcement on July 26. According to the Office of the Superintendent of Financial Institutions (OSFI), the proposed rules will simplify institutions' approach to perceived crypto risks, defining four categories of crypto assets and their capital treatment.

26.07 / 14:35

business Technology regulation data Meta Meta Platforms fined $14 million for Onavo privacy issues: Report

An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo.

26.07 / 14:35

business Law regulation SEC Cybersecurity security SEC files charges against Quantstamp for $28M initial coin offering

Blockchain security firm Quantamp is set to return $28 million raised in a 2017 initial coin offering following charges brought by the United States Securities and Exchange Commission (SEC).

26.07 / 14:35

business security Tokens Bank of Italy innovation hub supports research into security tokens on secondary markets

The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi).

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