Business Financial News

16.07 / 21:43

business Ripple XRP regulation Ripple decision is 'troublesome on multiple fronts', says former SEC official

Former Securities and Exchange Commission official John Reed Stark spoke out against the recent ruling on Ripple Lab's case, calling the decision "troublesome on multiple fronts" in a LinkedIn analysis.

16.07 / 13:35

business Blockchain Technology Ethereum Adoption privacy education Enterprise blockchain: ‘Ethereum for Business’ explains key use cases

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.

16.07 / 09:37

business Blockchain NFT Web3 Tokens Real Estate banking Power Asset Tokenization A new age in investing: The transformative power of asset tokenization

Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.

16.07 / 08:05

business Binance Ripple SEC coinbase Report US ‘dominates’ crypto startup funding in Q2: Report

Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing toward U.S. crypto businesses, according to a recent report.

16.07 / 08:05

business Technology Adoption AI systems used in deadly military operations in Israel: Report

As tensions rise in the occupied territories and with Iran, the Israel Defense Forces are reportedly utilizing artificial intelligence (AI) to choose targets for air strikes and manage logistics during wartime.

15.07 / 19:29

business Blockchain defi Hackers hacks fantom Multichain 'Multichain was a big blow', says Andre Cronje as Fantom TVL slumps

According to data from DefiLlama, Fantom's total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom's TVL topped $7.5 billion. The price of its native coin Fantom (FTM) declined from $0.41 to $0.28 over the same period.

15.07 / 11:01

business Robinhood coinbase Ark Meta shares Bitcoin Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

As the stock price of Coinbase (COIN) reaches a 52-week high, Ark Invest, the investment management firm led by Bitcoin (BTC) bull Cathie Wood, has recently divested more of its Coinbase shares.

15.07 / 11:01

business defi Decentralization Synthetix Synthetix takes on counterparty risks with Infinex derivatives exchange

Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products.

15.07 / 03:09

business Law IPO regulation SEC coinbase Court NOT Allowing Coinbase to go public was not a 'blessing' of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

14.07 / 20:59

business FTX Court Bankruptcy BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing

Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research.

14.07 / 18:49

business Binance Binance headcount reduction hits 1,000 employees: Report

Binance is celebrating its sixth anniversary, with over 1,000 people reportedly laid off in recent weeks, The Wall Street Journal reported.

14.07 / 17:03

business Law lending crimes Celsius Everything that's happened with Celsius and Alex Mashinsky so far

On July 13, authorities arrested Alex Mashinsky, the former chief executive officer of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.

14.07 / 17:03

business ETF Investments cryptocurrency investment Bitcoin International Crypto will transcend international currencies — BlackRock CEO

BlackRock CEO Larry Fink has delivered fresh remarks supporting cryptocurrencies' role in democratizing investing worldwide, pointing to growing interest among the company's clients in digital assets.

14.07 / 16:19

business Blockchain Celsius bankruptcy 3AC co-founders' OPNX exchange onboards FTX, Celsius bankruptcy claims

OPNX, an exchange dedicated to the trading of bankruptcy claims against fallen crypto firms, has listed FTX and Celsius claims.

14.07 / 14:27

business Binance defi exchanges Binance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’

Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company celebrates its sixth anniversary.

14.07 / 12:41

business Blockchain Hackers hacks Multichain Multichain stops operations over lack of funds

Cross-chain protocol Multichain has announced that it is “forced to cease operations” due to a lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders.

14.07 / 12:41

business Technology Adoption AI proposal sparks conflict in Hollywood as SAG-AFTRA goes on strike

Artificial intelligence (AI) has crept into another arm of Hollywood, sending the industry into an ongoing debate over its usage as Duncan Crabtree-Ireland, the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA) chief negotiator, revealed a proposal from Hollywood studios.

14.07 / 09:11

business Technology Adoption Google Bard Google’s Bard overcomes EU hurdles, expands territories and capabilities

On July 13, Google said it had launched its Bard chatbot to users in the European Union and Brazil. This launch comes after the tech company overcame regulatory hurdles faced in the EU. The territory expansion also came with the unveiling of new features for the artificial intelligence (AI) tool.

14.07 / 07:55

business Hackers hacks Ripple XRP Altcoin Scams Ripple CTO warns against XRP scams amid SEC-induced hype

A court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security — reignited the long-lost hype around the ecosystem. Anticipating an influx of scams as the token rallied, Ripple chief technology officer David Schwartz issued a warning to investors.

14.07 / 06:31

business Adoption ETF Investments stocks Bitcoin spot bitcoin Monochrome revises filing for spot Bitcoin ETF at Aussie stock exchange

Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees.

14.07 / 06:31

business FTX Court Fried Sam Sam Bankman-Fried wants 'close friends' to visit without a security pat down

Former FTX CEO Sam Bankman-Fried wants to be able to have his “close friends” visit him at his parent's home without them being subject to security checks.

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