Business Financial News

14.07 / 06:31

business Adoption Worldcoin Sam Sam Altman's Worldcoin passes 2M sign-ups after months of touring

Worldcoin, a cryptocurrency and digital identification project has seen more than two million users sign up to its “global identity protocol” dubbed World ID.

13.07 / 21:35

business Ripple XRP US crypto exchanges give XRP listings a second chance after court ruling

Following a victory in federal court against the United States Securities and Exchange Commission (SEC), Ripple Labs may see the XRP token returning to cryptocurrency exchanges.

13.07 / 21:35

business Mining Bitcoin CleanSpark’s Bitcoin mining capacity hits 8 EH/s as new facility goes live

Bitcoin miner ClearSpark has begun the second phase of operations at its mining campus in Washington, in the U.S. state of Georgia, reaching 8.0 exahashes per second (EH/s), halfway to its year-end target of 16.EH/s.

13.07 / 16:23

business Ripple XRP regulation SEC security NOT Breaking: Ripple wins case against SEC as judge rules XRP is not a security

Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020.

13.07 / 14:17

business Blockchain Celsius network Breaking: Celsius Network fined $4.7B by FTC

The U.S. Federal Trade Commission has issued a $4.7 billion fine against bankrupt crypto lender Celsius Network.

13.07 / 13:09

business Blockchain reserves Bitget reserves top $1.44B, claims to be debt free

Cryptocurrency exchange Bitget says its total proof-of-reserves ratio has reached 223%. In a July 13 announcement, Bitget revealed that its total reserve currently stands at $1.44 billion spread across 31 different crypto assets. Reserve ratios for Bitcoin (BTC), Tether (USDT), Ether (ETH), and USD Coin (USDC) stand at 454%, 135%, 171% and 2,604%, respectively.

13.07 / 10:07

business Google Meta ChatGPT Report: Meta to release commercial AI tools to rival Google, OpenAI

Meta plans to release a commercial version of its artificial intelligence (AI) model aiming to reach wider usage according to a Financial Times report.

13.07 / 09:41

business Blockchain Polygon Tokens Upgrade Polygon proposes upgrading MATIC into a multipurpose token for all chains

Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains.

13.07 / 05:49

business Blockchain Adoption defi Altcoin Web3 Coding If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.

13.07 / 04:01

business Blockchain Binance Altcoin security layer2 Upgrade BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.

13.07 / 04:01

business Ethereum Mining Bitcoin Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI

Crypto mining firm Hive Blockchain is now calling itself Hive Digital Technologies — after enacting a branding pivot that seeks to highlight its foray into artificial intelligence.

13.07 / 03:05

business NFT Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year.

12.07 / 22:47

business regulation SEC coinbase hearing What to expect from the first Coinbase-SEC hearing

A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impacts on the broader crypto industry, legal sources told Cointelegraph.

12.07 / 21:27

business Blockchain exchanges strategies 'AI helps traders utilize more intuitive strategies,' says Exchange

On July 11, cryptocurrency exchange Bitget launched an AI-powered feature for its Grid Trading strategies, or the use of trading algorithms to automate transactions for users. In an interview with Cointelegraph, Bitget developers stated:

12.07 / 20:19

business NFT Google Crypto Collectibles Mobile Games NOT play Google Play Store officially allows NFT games, but not gambling ones

The Google Play store now allows video game publishers to sell nonfungible token (NFT) games in its store, according to a July 12 blog post from the store’s group product manager, Joseph Mills. In the post, Mills states that Google Play is “pleased to share that we’re updating our policy to open new ways to transact blockchain-based digital content within apps and games on Google Play,” including “boosting user loyalty through unique NFT rewards.”

12.07 / 19:49

business hedge fund Terra Luna Bitcoin Price PwC hedge fund survey finds crypto remains viable despite recent market turmoil

PwC released its fifth annual global crypto hedge fund report on July 12 based on surveys of crypto-native and traditional hedge funds conducted in the first quarter of 2023. Against the backdrop of the recent crypto winter and continuing regulatory uncertainty in the United States and elsewhere, the report found a rather positive outlook among the funds.

12.07 / 17:49

business elon Elon Musk kickstarts new AI company to 'understand the universe'

American business magnate Elon Musk has launched a novel company dubbed "xAI" with the goal of understanding "the true nature of the universe."

12.07 / 15:29

business Blockchain Adoption Hackers regulation Scams Crypto scams Exploit Crypto scams are down 77% — but this exploit is making a huge comeback

Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis.

12.07 / 10:35

business Law regulation Google privacy data Google hit with lawsuit over new AI data scraping privacy policy

Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in artificial intelligence (AI) training.

12.07 / 10:35

business Adoption ChatGPT High skilled jobs most exposed to AI, impact is still unknown - report

An employment outlook paper suggests that highly skilled professions are the most exposed to artificial intelligence while its potential impact on employment is yet to be seen.

12.07 / 08:41

business Law regulation Bankruptcy Celsius files lawsuit to recover $150M from staking platform StakeHound

Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius.

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