Business Financial News

26.07 / 12:47

business regulation Microsoft Google ChatGPT Google, OpenAI, Microsoft form ‘Frontier Model Forum’ to regulate AI development

Big Tech giants Google, Microsoft, ChatGPT maker OpenAI and AI startup Anthropic announced on July 26 they would form a new industry watchdog group to help regulate AI development.

26.07 / 09:53

business Adoption WeChat ChatGPT Support Alibaba to support Meta’s AI model Llama - report

E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs.

26.07 / 09:35

business regulation Senate U.S. US Senate wants companies to report investments in Chinese technologies

On July 25, the United States Senate backed bipartisan legislation mandating U.S. companies to report any investments in Chinese technologies.

26.07 / 09:35

business Blockchain NASDAQ Ant Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.

26.07 / 06:43

business Banks banking Rescue PacWest stock flash crash recovers after rescue merger with Banc of Cali

Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.

26.07 / 04:27

business Government Adoption regulation Central Bank Namibia signs crypto exchange regulation bill into law

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.

26.07 / 04:27

business Law Binance Court Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit

Professional basketball player Jimmy Butler has asked to be dismissed from a class-action lawsuit targeting celebrities involved in the alleged promotion of unregistered securities by Binance, saying tweets he appeared in did not promote the named securities.

26.07 / 02:57

business Blockchain Deloitte partnerships partnership Deloitte, Chainalysis alliance to give law enforcement a crypto edge

Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.

26.07 / 01:29

business Kucoin Binance coinbase Kraken KuCoin denies mass layoffs, says cuts are part of 'normal' operations

Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a figure that amounts to approximately 300 staff — in the coming weeks.

25.07 / 19:05

business Blockchain Decentralization Gambling Alphapo payment provider hack now estimated at over $60M — ZachXBT

The alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 million.

25.07 / 13:55

business Adoption Artists Auction Sotheby’s blockchain Gen Art program shows tech taking a back seat to art

Sotheby’s is making moves. The same fine art auction house behind several recent major nonfungible token (NFT) sales has just made the Met Breuer’s old Madison Avenue building its home, and on July 26, it’s launching an on-chain Gen Art Program powered by generative art platform Art Blocks.

25.07 / 13:55

business Adoption Internet AI and dot-com bubble share some similarities but differ where it counts

Artificial intelligence (AI) has seen tremendous growth in recent years, exploding into popular culture and industry and leading to comparisons with the now infamous dot-com bubble and crash of the 1990s.

25.07 / 13:55

business Twitter Financial Services elon Financial Elon Musk says X will offer an 'entire financial world' in the coming months

Elon Musk posted an update for users with more information on the rebranding of Twitter to X saying it is part of a larger plan to incorporate financial services on the platform.

25.07 / 13:55

business Investments Federal Reserve Bitcoin Bitcoin Price Debt is GOOD for Bitcoin?? Shocking insights revealed

In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession and sheds light on the potential implications for the cryptocurrency market.

25.07 / 12:39

business Blockchain Stablecoin CFTC regulation SEC Former CFTC chairman says stablecoins can be a bridge between two worlds

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.

25.07 / 11:11

business event Blockchain Binance Web3 week Binance Blockchain Week picks Turkey to host thousands of Web3 lovers

Binance is inviting crypto and blockchain enthusiasts to participate in the discussion of the future of Web3 at Binance Blockchain Week in Istanbul, Turkey.

25.07 / 08:47

business Twitter Adoption Social Media TikTok launches text posts feature to rival Twitter and Threads

Social media giant TikTok announced a feature launch aimed at dethroning Twitter (recently rebranded to X) as the go-to text-based social media platform.

25.07 / 08:47

business Blockchain Twitter Hackers hacks Cybersecurity security Gaming DAO warns users of fake airdrops amid social media hacks

A decentralized autonomous organization (DAO) focusing on gaming has recently warned its users that some of its X accounts were compromised. The company reminded its community that they don’t have airdrops, new mints or anything else planned.

25.07 / 04:59

Dogecoin business Twitter Adoption Payments Altcoin memecoin elon Reading the Elon Musk 'tea leaves' — Is Dogecoin coming for Twitter?

A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform.

25.07 / 02:43

business Coding ChatGPT Low OpenAI shutters AI detector due to low accuracy

Artificial intelligence powerhouse OpenAI has discreetly pulled the pin on its AI-detection software citing a low rate of accuracy.

25.07 / 02:43

business Binance CFTC regulation Court Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

Crypto exchange Binance and its CEO Changpeng "CZ" Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator.

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