Business Financial News

06.06 / 16:09

business regulation UK government ChatGPT AI could threaten humanity in 2 years, warns UK AI task force advisor

The AI task force advisor to the prime minister in the United Kingdom said humans have roughly two years to control and regulate artificial intelligence (AI) before it becomes too powerful.

06.06 / 15:47

business Adoption CFTC Bitcoin Futures Futures crypto futures Cboe Digital receives nod for margin trades on its crypto futures exchange

Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) approved by the United States commodities regulator.

05.06 / 23:46

business Law Adoption Ripple XRP SEC Lawyer Ripple case: Pro-XRP lawyer tips outright SEC victory at ‘less than 3%’

Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and Exchange Commission to score an outright win against Ripple, as an end to the long-running lawsuit draws closer.

05.06 / 23:46

business sanctions Court Tornado Cash Crypto lobbyists still fighting to axe 'unlawful' Tornado Cash sanctions

The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions aga Tornado Cash.

03.06 / 22:54

business Adoption regulation Latin America Brazil's crypto exchange Mercado Bitcoin licensed as payment provider: Report

Cryptocurrency exchange Mercado Bitcoin was granted a payment provider license from Brazil's central bank on June 2, according to local media reports. With the license, the company will launch its fintech solution MB Pay.

03.06 / 13:51

business Mining regulation Energy renewable energy Taxes Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.

03.06 / 11:17

business Technology Adoption security Support OpenAI commits $1M to support AI-driven cybersecurity initiatives

The adverse effects of artificial intelligence (AI) technology in the hands of criminals, enabling the creation of deep fakes and malware, have heightened the urgency for action.

03.06 / 08:51

business Blockchain crimes Uniswap Uniswap scam alert: Fraudsters impersonate executives and create fake website

Hayden Adams, the creator of the Uniswap protocol, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website.

03.06 / 05:21

business Stablecoin Banks banking Backed MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains.

03.06 / 04:23

business Adoption CoinATMRadar Net Bitcoin ATMs record an increase after 4 months of global downtrend

Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded a steep increase in net installations with nearly 1,400 machines.

03.06 / 02:33

business Microsoft ChatGPT Deal Microsoft pens AI cloud computing deal with former Ethereum miner CoreWeave: CNBC

Microsoft has reportedly signed a deal with former Ethereum miner CoreWeave to use its cloud computing infrastructure to support its Artificial Intelligence-powered services.

02.06 / 22:47

business Binance Tether NVIDIA FTX Marketplace Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global Capital among those hit by the exchange’s collapse.

02.06 / 20:13

business Blockchain NFT Insurance Evertas expands crypto insurance offerings to include mining and raises limits

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.

02.06 / 18:29

business CBDC Africa Central Bank NOT CBDC 'may not be a compelling priority,' says Kenya's central bank

The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion.

02.06 / 17:37

business Blockchain Polygon Europe Tokens Digital Asset Taurus Asset Tokenization Polygon Blockchain Taurus deploys on Polygon blockchain for asset tokenization and custody

Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2.

02.06 / 14:45

business Binance end Binance market share chopped with the end of zero-fee BTC trading

New data has revealed that cryptocurrency exchange Binance has experienced a loss in market share after it ended its zero-free Bitcoin (BTC) trading.

02.06 / 14:45

business Binance Investments Web3 Private ID verification wins Binance Web3 reality show

Crypto exchange Binance has announced the winner of its Web3 reality show, titled “Build the Block,” held in the metaverse. Within the show, startups competed with each other to win an investment from Binance Labs.

02.06 / 12:11

business regulation Asia ChatGPT Warning OpenAI gets warning from Japanese regulators on data collecting

Officials in Japan are beginning to tighten their stance towards artificial intelligence (AI) after the country's local privacy watchdog warned the ChatGPT parent company about its data collection methods.

02.06 / 06:07

business Adoption cryptocurrency investment Mainstream Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz

Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies.

02.06 / 02:59

business NFT Sport eSports Nike NFTs to make their way into EA Sports games and its millions of fans

In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, potentially allowing Nike's virtual footwear and apparel to appear in games.

02.06 / 01:45

business Military AI military drone kept murdering its human operator in simulated tests

The United States Air Force (USAF) has been left scratching its head after its AI-powered military drone kept killing its human operator during simulations.

frequently asked questions about business

What is business and why is it important?

Business is a high-demand area that interests a wide audience. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on business?

All recent news about business can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on business?

We use verified data to ensure that the information about business is well-supported and valuable for our readers.