Business Financial News

05.07 / 09:25

business Adoption Web3 Music with AI elements can win a Grammy, Recording Academy CEO says in report

The music industry is coming to terms with the rise of artificial intelligence (AI) seeping into productions, as the Grammys recently clarified that AI-generated music will be eligible for awards in the 2024 award cycle.

05.07 / 06:41

business Twitter Google Slash Crypto Twitter will see less exposure on Google due to rate limit slash

Twitter’s new rate limits are severely affecting the indexing and display of tweets on Google’s search engine, limiting the reach of the information shared on the microblogging site.

05.07 / 04:33

business Facebook Twitter Social Media Meta Instagram Meta’s Twitter rival Threads to launch July 6, but will the crypto community budge?

Meta is planning to launch its new Twitter rival, Threads, on July 6, only days after Twitter’s “rate limit” debacle which has temporarily capped how many posts users can read per day.

05.07 / 03:39

business Adoption Binance SEC coinbase Fraud Mark Cuban, John Reed Stark clash over the cause of FTX’s collapse

Billionaire entrepreneur Mark Cuban has again locked horns with former securities chief John Reed Stark, this time over who was ultimately to blame for FTX’s collapse and the impact on creditors.

05.07 / 02:21

business Twitter ChatGPT OpenAI pauses ChatGPT’s Bing feature as users were jumping paywalls

ChatGPT’s Browse, a Bing-based search engine feature, has been temporarily disabled by OpenAI after a loophole enabled users to bypass paywalled content.

04.07 / 23:15

business Stablecoin Tether Usd Coin Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region’s dollar, which could challenge the dominance of Tether and USD Coin.

04.07 / 14:33

business Google privacy data Training Updates Google updates its privacy policy to allow data scraping for AI training

Google has made updates to its privacy policy which now allows it to take any publicly available data and use it for artificial intelligence (AI) training purposes.

04.07 / 12:13

business regulation China to tighten control on exports of AI chip-making materials

The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems.

04.07 / 06:27

business defi regulation Gemini lending FTX Bankruptcy NOT Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.

04.07 / 03:37

business Adoption ETF Investments Grayscale data Bitcoin Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023.

04.07 / 03:37

business regulation Liquidity Court Bankruptcy Future creditors Kyle Davies to donate future OPNX earnings to 3AC creditors for 'karma'

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.

03.07 / 21:33

business ETF Investments SEC coinbase spot bitcoin BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase.

03.07 / 15:07

business Twitter Twitter rival Mastodon’s active user base increases by 100K+

A day after Twitter imposed new limits on the number of posts users can see (based on their verification status), rival social media company Mastodon reported a significant increase in traffic.

03.07 / 10:57

business Twitter Altcoin data Shiba Inu Crypto Twitter has a persistent 'fake followers' problem, data reveals

Despite changes introduced by Twitter management since Elon Musk’s takeover, the issue around fake followers remains a persistent problem. As many as 10% of the followers of accounts belonging to crypto influencers and companies are fake, new data from dappGambl has revealed.

03.07 / 06:37

business Adoption ETF SEC Bitcoin Crypto products SEC has pushed investors into 'toxic' crypto products and FTX: Winklevoss

For the last decade, the United States securities regulator has forced investors into “toxic” and “unregulated” crypto products, says Gemini co-founder Cameron Winklevoss.

03.07 / 02:29

business Twitter Adoption API Bitcoin elon Elon Musk imposes 'rate limit' on Twitter citing extreme ‘system manipulation’

Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to executive chairman Elon Musk.

01.07 / 08:29

business Blockchain SEC Celsius network approved Celsius Network approved to convert altcoins into BTC or ETH

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).

30.06 / 22:41

business Binance Latin America Bitfinex MicroStrategy expansion Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion

June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership.

30.06 / 22:41

business NASDAQ stocks ATM Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3

Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public.

30.06 / 20:43

business Blockchain Hackers Lost $656M lost from crypto hacks, scams, and rug pulls in H12023: Report

According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks, and rug pulls amounted to $656 million during the first quarter of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams, and $75.87 million over 110 rug pulls. For hacks, the amount represented a significant decrease over H1 2022 and H2 2022, where $1.91 billion and $1.69 billion were lost, respectively. In addition, Beosin analysts wrote:

30.06 / 20:43

business Blockchain Asia Venture Capital Crypto VC is struggling only from a North American perspective — Animoca Brands CEO

The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu.

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