Business Financial News

16.11 / 17:31

business Ethereum defi Decentralized Exchange Aave Decentralization acquires Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’

Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem.

16.11 / 11:13

business Blockchain Tokens Blockdaemon Blockdaemon among founders of BSN Spartan Network governing body

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.

16.11 / 09:27

business Government Investments Pensions Bitcoin South Korea’s pension fund bags 280K Coinbase shares: SEC data

The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase.

16.11 / 09:27

business Blockchain regulation Tokens bonds Philippines to sell $179M in tokenized treasury bonds for the first time

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.

16.11 / 06:05

business Stablecoin regulation Paxos Paxos to issue USD stablecoin in Singapore, wins initial approval

Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.

16.11 / 06:05

business Adoption Binance Energy Oil and Gas Joint Venture Binance to launch Thai exchange in joint venture with local energy giant

Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development.

16.11 / 06:05

business Blockchain Cybersecurity security Smartphone saga Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said.

16.11 / 01:59

business Law Ethereum Adoption SEC Bitcoin ethereum etf analyst Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst

Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.

15.11 / 19:15

business Altcoin Bakkt Assets Digital Asset Bitcoin services Support Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15.

15.11 / 15:07

business Blockchain Adoption Microsoft Developers Tencent Decentralization Microsoft, Tencent and other tech giants join Decentralized Infura Network

Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.

15.11 / 13:47

business Blockchain Tokens Venture Capital transparency Binance Labs invests in ARKM, the native token of Arkham platform

Binance Labs, the venture capital arm and incubator arm of Binance, said on Nov. 15 that it has invested in Arkham (ARKM), the native token of the “deanonymizing” blockchain platform Arkham.

15.11 / 13:47

business regulation Commerzbank Commerzbank granted crypto custody license in Germany

The German bank Commerzbank has been granted a crypto custody license by local regulators, according to an announcement released by the lender on Nov. 15.

15.11 / 13:47

business Law Robinhood memecoin Robinhood meme stock punters denied class suit certification

Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback after the United States District Court for the Southern District of Florida rejected a request for class certification by the plaintiffs on Nov. 13, 2023.

15.11 / 12:12

business Hackers hacks Poloniex Bitcoin Poloniex crypto exchange resumes withdrawals after $100M hack

Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in mid-November, according to an official company announcement posted on Nov. 15

15.11 / 07:05

business XRP regulation SEC Bitcoin XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals

The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers.

15.11 / 00:49

business Adoption Investments Funding Venture Capital valuation Blockchain.com $110M funding round halves its 2022 valuation: Report

Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion.

14.11 / 15:45

business FTX Bankruptcy FTX, BlockFi claims settlement allowed to proceed, judge declares

Bankrupt crypto companies FTX and BlockFi are allowed to proceed in negotiations for their claims settlement, according to a new court filing.

14.11 / 15:44

business Adoption wallet applications Uniswap Android Mobile Wallet Uniswap launches Android wallet app with built-in swap function

Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store.

14.11 / 12:13

business Funding Bitcoin Owner of Hong Kong crypto exchange OSL secures $90M investment

BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.

14.11 / 10:33

business Blockchain Funding goldman sachs Venture Capital Banks Goldman Sachs leads $95M funding round for blockchain payment firm Fnality: Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.

14.11 / 06:27

business Adoption regulation Crypto.com granted Dubai crypto license

Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.

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