Business Financial News
06.07 / 12:39
business
MasterCard
Scams
Fraud
Banks
Mastercard AI-powered tool to help banks fight fraud
Mastercard has launched a new artificial intelligence (AI)-power tool which is aimed at helping banks fight payment fraud and scams in real-time prior to any monetary exploits.
06.07 / 10:27
business
Supercomputer
ChatGPT
OpenAI creates a new team to tackle ‘superintelligent’ AI systems
The company behind the popular artificial intelligence (AI) chatbot ChatGPT says it will be forming a team to rein in and manage the risks of superintelligent AI systems.
06.07 / 10:27
business
Adoption
Investments
Venture Capital
cryptocurrency investment
VC funding
Execs remain positive on long-term prospects amid VC funding downturn
As crypto prices remain at lower levels, venture capital (VC) funding also recorded one of its worst quarters since 2021. Despite this, executives in the space remain optimistic about the industry’s long-term potential.
06.07 / 10:27
06.07 / 06:13
business
Adoption
Binance
ETF
Bitcoin
Bitcoin Price
Bitcoin Bull Run
Bull run
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.
06.07 / 05:07
business
Blockchain
coinbase
Ether price
Ethereum Classic
Lost
Crypto’s Indiana Jones? Coinbase exec helps recover $322K worth of once-lost crypto
It’s not every day that one discovers they've suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5.
06.07 / 05:07
business
Adoption
Binance
coinbase
Gemini
data
avalanche
Binance, Coinbase and Gemini staff are among the least happy, data suggests
Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed.
06.07 / 02:41
business
Blockchain
Adoption
Mining
fees
income
Bitcoin
Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022
Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.
06.07 / 01:49
business
CFTC
regulation
SEC
Celsius
CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report
Investigators from the Commodity Futures Trading Commission have reportedly determined that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke a number of U.S. rules before the company's implosion.
05.07 / 23:45
business
NFT
defi
Decentralized Exchange
Decentralization
Derivatives
On-chain derivatives are DeFi’s next boom opportunity — Apollo Capital
On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Capital.
05.07 / 22:15
business
Twitter
regulation
Twitter receives money transmitter licenses in three US states
Twitter Payments LLC, a subsidiary of Elon Musk’s Twitter social network, appears to have received its first money transmitter licenses after Michigan, New Hampshire and Missouri approved the company’s applications.
05.07 / 22:15
business
Law
Binance
SEC
regulatory
Binance.US market share drops below 1% amid regulatory lawsuit: Report
United States-based cryptocurrency exchange Binance.US has reportedly seen its market share drop more than 20% amid a lawsuit from federal financial regulators.
05.07 / 22:15
business
ETF
Asset management
Bitcoin
International
‘Bitcoin is an international asset' — BlackRock CEO’s bullish remarks
Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States.
05.07 / 19:15
business
Ethereum
Binance
SEC
coinbase
Bitcoin
Blackrock Bitcoin Etf
CEX
BlackRock Bitcoin
lawsuits
CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing
The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.
05.07 / 19:15
business
HSBC
FinTech
Quantum Computing
Encryption
network
safe
Financial
HSBC trialing quantum-safe financial transaction network in the UK
London–based HSBC, the eighth-largest bank in the world, will conduct a series of trials and experiments utitlizing quantum encryption technology in collaboration with Amazon Web Services, BT and Toshiba.
05.07 / 19:15
business
crimes
transactions
Terra
Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report
An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to Luna Foundation Guard (LFG), the organization connected to Terraform Labs and its co-founder Do Kwon.
05.07 / 17:51
business
BitgetX joins HKVAC as it aims for exchange license in Hong Kong
According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies.
05.07 / 13:21
business
Blockchain
Digital Currency
regulation
exchanges
Derivatives
OPNX launches ‘oUSD’ credit currency for crypto margin trading
Crypto futures exchange OPNX has launched a credit currency for margin trading, according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the exchange.
05.07 / 12:33
business
Amazon
Microsoft
Google
services
US reportedly plans to restrict China’s access to cloud computing services
Officials in the United States are considering restricting China’s access to cloud computing services in an effort to safeguard the country’s advanced technology, according to a report in the Wall Street Journal.
05.07 / 11:53
business
Blockchain
Binance
Tokens
Withdrawals
Multichain
Support
Binance ceases support for deposits and withdrawals of suspended Multichain-bridged tokens
Binance cryptocurrency exchange has announced it is ceasing its support of deposit and withdrawal services for a range of Multichain-bridged tokens, effective from July 7, 2023.
05.07 / 11:31
business
Payments
Yuan
Bitcoin
Crypto-friendly DBS Bank launches digital yuan payment tool
Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY.
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