Business Financial News
20.11 / 20:13
business
Conference
Donations
Elections
Political donations aplenty: Event recap for North American Blockchain Summit
Once branded for a Texas-specific audience, the North American Blockchain Summit (NABS) shook things up in 2023 — changing its location and name as many United States lawmakers prepared for an election season.
20.11 / 20:13
business
Binance
regulation
Department Of Justice
US Justice Dept. is reportedly ready to settle with Binance for $4 billion
The US Justice Department is negotiating with Binance in an attempt to resolve its investigation into the company, according to a November 20 report from Bloomberg citing people familiar with the discussions. The agreement would require Binance to pay $4 billion in fines. In return, the company would be allowed to keep operating while complying with US laws. According to the report, the announcement of an agreement “could come as soon as the end of the month.”
20.11 / 15:25
business
Blockchain
Social Media
Media
Digital Currency Group
stake
Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report
Crypto media platform CoinDesk has been acquired by crypto exchange Bullish on Nov. 20 for an undisclosed sum, according to a report published in The Wall Street Journal (WSJ).
20.11 / 11:47
business
Microsoft
Twitch
OpenAI
Who is the new OpenAI CEO Emmet Shear?
The Microsoft-backed artificial intelligence (AI) company OpenAI had a major shift in leadership over the weekend after its board of directors abruptly ousted former CEO and co-founder Sam Altman on Nov. 17.
20.11 / 10:16
business
Technology
Tech
tech startups
OpenAI
Emmett Shear new CEO of OpenAI: A timeline of Sam Altman’s ousting
On Nov. 17, the artificial intelligence (AI) startup OpenAI made the shock announcement that it had fired CEO Sam Altman — and reaffirmed that decision on Nov. 19 with the hiring of Twitch co-founder Emmett Shear as the new CEO.
20.11 / 10:15
business
Adoption
NFT
Web3
Gaming
Blockchain Game
play
Free-to-play Web3 games hold the key to mass adoption — YGG co-founder
2024’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being entirely free-to-play to attract players, says Yield Guild Games co-founder Gabby Dizon.
20.11 / 10:15
business
Adoption
Hackers
Court
Atomic Wallet asks to toss suit over $100M hack, saying it has ‘no US ties’
The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100-million hack, arguing the claims should’ve been filed in Estonia, where it’s based.
20.11 / 01:51
business
CBDC
Central Bank
Bitcoin
Elections
Bitcoin-friendly Javier Milei wins Argentina presidential election
Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.
19.11 / 21:29
business
ChatGPT
OpenAI
Who is Mira Murati, OpenAI’s interim CEO?
OpenAI’s board of directors ousted founder Sam Altman on Nov. 17, shocking the technology world, while appointing Mira Murati as its interim CEO.
19.11 / 12:07
business
Technology
CBDC
Financial
Ripple’s James Wallis underscores CBDCs’ role in breaking financial barriers
James Wallis, Ripple’s vice president for central bank engagements and central bank digital currencies (CBDCs), has highlighted the role of CBDCs in advancing global financial inclusion in a brief video. Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions.
18.11 / 21:41
business
ChatGPT
Worldcoin
OpenAI
OpenAI’s crisis escalates as more staff resign after CEO removal: Report
The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company.
18.11 / 19:56
business
defi
Trading
community
dYdX founder claims targeted attack led to $9M insurance claim
Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov. 17. According to dYdX founder Antonio Juliano, the losses resulted from a "targeted attack" against the exchange.
18.11 / 10:57
business
Adoption
wallet
Hardware Wallet
Cold Storage
Crypto wallet with zero connectivity: NGRAVE joins Cointelegraph Accelerator
Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need for crypto investors to find offline, easy-to-use solutions to securely manage their crypto assets. This demand, along with a growing awareness of self-custody, is driving the expansion of the hardware wallet market, which is expected to reach 3.6 billion by 2031.
17.11 / 22:15
business
Law
wallet
Disney
Uniswap
goldman sachs
CBOE
Crypto Biz: Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more
As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses.
17.11 / 22:15
business
ChatGPT
Worldcoin
OpenAI
Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO
ChatGPT developer OpenAI has removed founder Sam Altman from his CEO position, according to a Nov. 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”
17.11 / 16:41
business
Blockchain
Law
Ethereum
ENS
ENS developers urge Unstoppable Domains to drop patents or face lawsuit
Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter).
17.11 / 16:41
business
Blockchain
Investments
cryptocurrency investment
Tech firm Republic taps Avalanche for profit-sharing investment note
Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.
17.11 / 11:05
business
Adoption
coinbase
Chamber of Digital Commerce
Lobby
Crypto lobby spending in US set to beat 2022 record: Report
With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.
17.11 / 03:59
business
Adoption
ETF
SEC
Europe
Bitcoin
rights
CoinShares gets buying rights to Valkyrie’s crypto ETF unit
European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.
17.11 / 02:21
business
Blockchain
Adoption
Conference
economy
data
Innovators
Grab
NOT
Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO
The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.
16.11 / 18:23
business
event
Adoption
Latin America
Bitcoin
regulatory
Brazil's crypto regulatory environment is driving competitiveness — CEO of Coinext
Cryptocurrency may be "out of fashion", but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext.
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