Business Financial News

30.06 / 18:49

business Blockchain Delio South Korean crypto lending firm Delio under investigation by regulators

According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio's unilateral decision to suspend users' deposits and withdrawals on June 14.

30.06 / 15:13

business Adoption ETF SEC Digital Asset Management Asset management Bitcoin spot bitcoin bitcoin etfs spot bitcoin ETFs US SEC deems spot Bitcoin ETFs filings as inadequate: Report

There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate.

30.06 / 15:13

business Blockchain Technology Adoption education Analysis MIT Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.

30.06 / 13:37

business event Ethereum zk-Rollup zk EthCC ZkDay comes to Paris on July 19: A marquee ZK conference amid EthCC

Zero-knowledge (ZK) projects continue to spread worldwide, and a new go-to ZK event is coming to Paris, hosted by Manta Network, a ZK layer-1 blockchain; investment firm Polychain Capital and Cointelegraph. The ZK community conference — zkDay Paris — kicks off during EthCC Paris on July 19, from 11:00 am to 8:00 pm Central European Time, on the back of a successful event at zkDay Denver.

30.06 / 12:29

business regulation Microsoft Europe European Union Tech letter The EU’s AI regulations sparked a letter signed by 160 tech execs

An open letter to lawmakers in the European Union was issued by more than 160 executives from tech companies around the world urging careful consideration of artificial intelligence (AI) regulations not to stunt the industry or markets.

30.06 / 08:43

business Twitter regulation Microsoft Google Meta US senator pushes tech companies to label AI-generated content

United States Senator Michael Bennet has urged tech companies to label AI-generated content and monitor any misleading content produced by artificial intelligence (AI).

30.06 / 08:43

business regulation Scams Banks Commonwealth Bank of Australia Crypto scams Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.

30.06 / 05:43

business Banks Federal Reserve Central Bank banking Reserve Weekly Federal Reserve's banking bailouts reach a new weekly high of $103B

The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.

30.06 / 01:35

business Blockchain Adoption coinbase Developers security BaSe network Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch.

29.06 / 23:17

business Government Blockchain Adoption Africa Bitcoin Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.

29.06 / 21:51

business Blockchain regulation Fried “Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci

During a panel at Collision 2023 in Toronto, Anthony Scaramucci, founder of Skybridge Capital and former White House communications director, stated that disgraced crypto executive Sam Bankman-Fried “really hurt the industry in the United States from a regulatory perspective." Scaramucci continued:

29.06 / 20:35

business Blockchain Inflection AI raises $1.3B in funding led by Microsoft and Nvidia

On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster, which the company claims is the largest in the world. The GPUs will be used to develop large-scale artificial intelligence models. Developers wrote:

29.06 / 20:35

business Blockchain Law regulation bills UK crypto UK crypto bill reaches final stage, on track for passage

A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law.

29.06 / 17:39

business NFT solana Marketplace Solana’s Cardinal shuts down, citing economic conditions

Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by Aug. 26.

29.06 / 12:07

business regulation Europe Taxes Tax reduction Slovakian parliament votes to approve lower crypto taxes

Members of Slovakia’s National Council of the Slovak Republic — the country’s parliament — have voted to approve lower crypto taxes, along with additional measures affecting cryptocurrency holders.

29.06 / 10:57

business Binance Europe banking Support Binance to lose support of its euro banking partner

The cryptocurrency exchange Binance informed users that its current euro banking partner, Paysafe Payment Solutions, will not continue supporting the exchange.

29.06 / 10:05

business regulation NVIDIA ChatGPT restrictions US considers tightening restrictions on AI chip exports

Officials in the United States are mulling tighter controls on an export regulation created to minimize the availability of artificial intelligence (AI) chips to China.

29.06 / 06:17

business Banks Federal Reserve Central Bank banking Major US banks get passing grade in ‘severe recession’ stress test

The American central bank has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.”

29.06 / 05:25

business ETF Investments Bitcoin Stock Investment Returns BlackRock lauds AI as ‘mega force’ to drive returns

Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force” that could create significant returns for investors in today’s “unusual” market.

29.06 / 02:01

business Blockchain Stablecoin Adoption regulation Central Bank Framework Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins.

29.06 / 02:01

business FTX Court Bankruptcy FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report

Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.

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