Business Financial News

12.07 / 08:23

business NASDAQ coinbase stocks Bitcoin Cathie Wood’s ARK sells 135K Coinbase shares as price hits $90

Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase holdings by selling a small portion of its stash.

12.07 / 06:51

business Blockchain Law Adoption Ripple XRP SEC Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.

12.07 / 01:08

business ETF NASDAQ SEC coinbase CBOE Bitcoin bitcoin etfs Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase.

11.07 / 20:49

business CBDC Adoption DAO IMF IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms

The Republic of the Marshall Islands (RMI) has completed its annual talks with the International Monetary Fund (IMF). The country is expected to see gross domestic product (GDP) growth this year, the IMF concluded, in a recovery from the impact of COVID-19 and the contraction of its fishing industry. Climate change and decentralized autonomous organizations (DAOs) remain a threat, however.

11.07 / 20:49

business FTX Court Bankruptcy Ftx Claims Portal FTX claims portal becomes unavailable shortly after going live

Bankrupt cryptocurrency exchange FTX launched a customer claims portal, which stayed live for roughly an hour before going offline for unknown reasons.

11.07 / 20:49

business Machine Learning Anthropic launches Claude 2 amid continuing AI hullabaloo

Anthropic, an artificial intelligence (AI) and “public benefit” company, launched Claude 2 on July 11, marking another milestone in a year full of seemingly nonstop progress from the burgeoning generative AI sector.

11.07 / 18:15

business Blockchain Adoption regulation Investments Bitcoin Blackrock Bitcoin Etf BlackRock Bitcoin analyst BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas.

11.07 / 14:05

business Blockchain Microsoft Marketplace Cloud Services Axelar partners with Microsoft for hybrid blockchain solutions

On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store.

11.07 / 11:59

business regulation ChatGPT generative AI Report: China to tighten rules around releasing generative AI tools

The Chinese government is considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing.

11.07 / 11:59

business hacks Mt. Gox HODL Whale Bitcoin Mt. Gox repayment date looming: Is Bitcoin in trouble?

While the cryptocurrency community is actively discussing the upcoming Bitcoin (BTC) halving in 2024, there is potentially another big market event happening this year.

11.07 / 11:59

business Trading Market Capitalization market makers Driving liquidity and efficiency: The essential role of crypto market makers

As the cryptocurrency market continues to mature, the importance of market makers in maintaining liquidity and stability has grown respectively. Similar to the worldwide trend of increased regulation, market makers are acquiring prominence in the evolving cryptocurrency landscape.

11.07 / 11:59

business regulation UK government Financial Services ATM UK FCA shuts down 26 crypto ATMs following coordinated investigation

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.

11.07 / 06:57

business Law regulation SEC Court Bittrex SEC is ‘wrongfully attempting’ to police crypto markets — Paradigm counsel

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.

11.07 / 02:13

business MicroStrategy Bitcoin Halving Bitcoin Bitcoin Price Bitcoin halving bullish for Saylor’s MicroStrategy: Berenberg Capital

The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy.

10.07 / 17:11

business hacks Gaming user data Gaming gear maker Razer hacked, user data, encryption keys for sale online: Report

A post appeared on a hackers’ forum on July 8 offering information allegedly hacked from gaming hardware maker Razer.

10.07 / 14:53

business United Nations robotics The UN holds a robot press conference about the state of AI

At the AI for Good 2023 global summit, a panel of robots and their creators sat in front of the press to answer journalists’ questions on topics such as job automation, artificial intelligence (AI) leadership and collaboration with humans for a better future.

10.07 / 12:53

business Law copyrights Machine Learning Meta ChatGPT Copyright Sarah Silverman sues Meta and OpenAI for copyright violations

The American comedian and author Sarah Silverman, along with two other authors Richard Kadrey and Christopher Golden, have filed lawsuits against Meta Platforms’ LLaMa and OpenAI’s ChatGPT over copyright infringement.

10.07 / 12:13

business SEC coinbase shares Bitcoin Coinbase shares up 50% since the SEC sued the exchange

Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.

10.07 / 10:35

business security data compliance Here’s what SOC 2 compliance audits mean for crypto projects

While a series of global incidents severely damaged trust in the crypto space, some still hope to regain this trust by going through processes that assure compliance with certain business standards, like the proper handling of customer data.

10.07 / 08:43

business defi Hackers hacks EXP Attack DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K

A hacker drained approximately $455,000 from noncustodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.

10.07 / 00:27

business Asia exchanges Job Crypto licenses Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters

Crypto firms may appear to have been prepping entry to Hong Kong with unabated excitement, but it’s yet to translate into in-country hires, according to recruitment executives.

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