Business Financial News

27.06 / 06:51

business Funding FTX Court Bankruptcy FTX splurged on cartoon, book about humans and 'Pineapple House,' alleges CEO

Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”

27.06 / 05:47

business Government Blockchain Adoption Binance regulation restrictions Australian Australian banks claim 40% of scams 'touch' crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.

27.06 / 04:11

business Binance exchanges Binance Australia got 12 hours' notice before it was debanked, says exec

In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior warning, consultation or redress, the exchange’s regional manager Ben Rose has claimed.

27.06 / 04:11

business Robinhood Investments cryptocurrency investment Stock Investment Time Robinhood to axe 7% of full-time staff in latest round of layoffs: Report

Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.

26.06 / 17:37

markets business Startups CryptoMarket Bull markets make money, bear markets make opportunities

As greed indexes stabilize after a buying binge, smart money begins to look for more unique and inherently fruitful opportunities.

26.06 / 14:03

business coinbase Bitcoin Halving Bitcoin Support Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury

The Canadian Bitcoin (BTC) mining company, Hut 8 Mining, has secured a credit facility from a subsidiary of the United States-based cryptocurrency exchange, Coinbase.

26.06 / 13:05

business Adoption Scams crimes Cybercrime Crypto scams How security, education and regulation can mitigate rising crypto scams

Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use.

26.06 / 09:15

business Adoption regulation Future Binance eyes United Arab Emirates as ‘focal point’ for future operations

The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange.

26.06 / 09:15

business event Adoption Cardano Dubai NOT The best blockchain “does not exist” — Cardano Foundation exec

While many community members enjoy arguing about what the ultimate blockchain is, an executive from the Cardano Foundation believes that these arguments should stop, as use cases dictate which blockchain is most appropriate for specific projects.

26.06 / 06:23

business Government Law Adoption SEC European Union Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

The Australian Treasury’s token mapping of digital assets will adopt a “tech agnostic” and “principles-based” approach in order to define crypto assets, according to a Treasury official.

26.06 / 01:27

business Facebook Government Social Media Google Media safe 'Keep Australia safe': Dystopian draft bill against 'misinformation' unveiled

A draft bill from the Australian government is warning tech and social media giants to remove misinformation from their platforms or be prepared to pay up big fines.

26.06 / 00:59

business Blockchain defi regulation AML United Nations Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

25.06 / 20:41

business regulation Tokens Token issuers in Japan exempt from 30% crypto tax on paper gains

Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20.

25.06 / 16:33

business Amazon Cloud Services generative AI Amazon to invest $100M in generative AI center: Report

Amazon's cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence.

25.06 / 09:39

business Blockchain Stablecoin Tokens Terra Terra Classic Terra Allies’ Six Samurai team aims to revive the ecosystem

After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers.

24.06 / 19:45

business NFT defi Tokens FTX Tokenized FTX claim is used as collateral for a loan

A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy claims platform Found.

24.06 / 17:01

business regulation SFC Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief

The CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong's embrace of Web3 regulation following the collapse of crypto exchange FTX last November, noting that crypto trading is an important part of the virtual asset ecosystem.

24.06 / 09:59

business Blockchain Twitter Shiba Inu Shiba Inu Burn Twitter account experiences suspension

The Shiba Inu Burn Twitter account, which is well-engaged with the crypto community, has been unexpectedly suspended. This suspension has garnered attention because the account holders had reached out to influential individuals like Elon Musk and Twitter's new CEO, Linda Yaccarino, in their plea for assistance and a resolution.

23.06 / 21:59

business Blockchain ETF Gemini Bitcoin Bitcoin spot ETF spot ETF Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF.

23.06 / 21:13

business Adoption regulation Wirex Debit Cards Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider.

23.06 / 20:47

business ETF Investments SEC Bitcoin Regulation Leverage Volatility Shares Trust aims for listing of leveraged Bitcoin futures ETF

A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged Bitcoin futures ETF.

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