Business Financial News

29.06 / 00:51

business Tokens Assets Digital Asset stock exchange Australian Australian stock exchange may consider listing tokenized real-world assets

The Australian Securities Exchange (ASX) is unlikely to directly list a cryptocurrency on its exchange but could consider an “appropriately-backed” tokenized real-world asset such as gold.

28.06 / 22:55

business Blockchain Ethereum defi lending Startups tech startups Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders.

28.06 / 18:49

business Blockchain Scams Lost $7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report

According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while another $3.7 billion in crypto was lost in hacks or exploits.

28.06 / 18:49

business regulation Investments Ark Bitcoin Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application

ARK Investment Management has amended its spot Bitcoin (BTC) exchange-traded fund (ETF) application with the United States Securities and Exchange Commission, making it similar to BlackRock’s recent filing.

28.06 / 18:49

business Digital Currency CFTC Fraud Digital Asset Bitcoin CFTC issues $54M default judgment against trader in crypto fraud scheme

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.

28.06 / 16:11

business Blockchain Adoption MicroStrategy Bitcoin MicroStrategy buys $347M worth of Bitcoin amid market thaw

On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of Bitcoin owned by MicroStrategy has increased to 152,333 ($4.52 billion) with an average purchase price of $29,668 apiece.

28.06 / 13:07

business Adoption wallet Hardware Wallet Private Keys Bitcoin Wallet Mobile Wallet open Open source: Buzzword or real security for crypto wallets?

Last month, hardware crypto wallet manufacturer Ledger announced its “Ledger Recover” program designed to allow customers to back up their seed phrases to the cloud and link it with their real-world identity.

28.06 / 13:07

business Blockchain Stablecoin Adoption Latin America Paxos Paxos and MercadoLibre partner up to bring USDP to Mexico

Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.

28.06 / 11:47

business Blockchain Law Bankruptcy Voyager to pay $1.1M in legal fees incurred in April

Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April.

28.06 / 08:01

business Blockchain Adoption Web3 Sony network Sony Network invests in Japanese Web3 startup to spur mass adoption

Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.

28.06 / 02:23

business FTX Court Bankruptcy FTX sues Dan Friedberg alleging he used ‘hush money’ to silence whistleblowers

FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments in attempts to prevent staff from blowing the whistle about issues at the exchange.

28.06 / 02:05

business FTX Bankruptcy Suspends stake FTX suspends $500M sale of stake in AI firm Anthropic: Report

The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange's efforts to fill a $2 billion remaining hole in its balance sheet.

27.06 / 20:37

business Paxos services New exchange EDX reportedly switching out Paxos' custody services for Anchorage's

EDX, a cryptocurrency exchange launched a week ago with the backing of tradfi heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.

27.06 / 20:25

business Bitfinex P2P Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia.

27.06 / 16:45

business Blockchain Japanese and Singaporean regulators join forces on crypto pilot project

On June 26, Japan's financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter's "Project Guardian" initiative. The participation will be limited to observer capacity for the FSA in its current phase. Regulators wrote:

27.06 / 15:49

business Bankruptcy hedge fund 3AC liquidators look to recoup $1.3B from founders

Teneo, the liquidators behind bankrupt hedge fund Three Arrows Capital (3AC), are reportedly seeking to recover roughly $1.3 billion in funds from founders Su Zhu and Kyle Davies.

27.06 / 15:49

business Blockchain HK Crypto licenses Web3 firms are spending up to $25M on HK crypto licenses: Report

According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million to 200 million Hong Kong dollars ($2.55 million to $25.5 million) for the acquisition of a Virtual Asset Licensing Regime (VASP) licenses. Sources explained:

27.06 / 14:43

business Blockchain NFT Blockchain Game Mythical Games raises $37M for in-game marketplace in Series C round

Game publisher Mythical Games has secured $37 million in Series C1 funding, with plans to launch a new marketplace and pursue other revenue-generating initiatives. With this funding, Mythical will continue to hold the unicorn status with a valuation of over $1 billion.

27.06 / 12:55

business Google ChatGPT Google says its next AI ‘Gemini’ will be more powerful than ChatGPT

Google’s artificial intelligence (AI) subsidiary DeepMind said the company’s forthcoming AI system will be “more capable” than OpenAI’s ChatGPT.

27.06 / 10:31

business Blockchain Adoption Europe Web3 100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing

A Vienna-based car-sharing service company has outfitted nearly half of its 200+ fleet of cars with blockchain-based self-sovereign IDs for tokenization purposes.

27.06 / 06:51

business Blockchain Adoption Mining Bitcoin Riot 2024 Riot Platforms Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.

Business Financial News

popular questions about business

What is business and why is it important?

Where can I find the latest updates on business?

How can I verify the accuracy of information on business?