Business Financial News

31.05 / 10:35

business Binance BTC Markets Derivatives Will Customers Binance Australia customers seen selling bitcoin at discount to rival exchanges

Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world's biggest cryptocurrency, bitcoin, was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted at $27,790 outside Australia. Binance did not immediately respond to Reuters request for comment.

31.05 / 08:25

business Blockchain Adoption partnerships network XDC Network gets Japanese foothold via partnership with SBI subsidiary

Formerly known as XinFin, the enterprise hybrid blockchain solution XDC Network broadens its presence on the Japanese market by striking a partnership with SBI VC Trade Co. Ltd, a cryptocurrency exchange subsidiary of Tokyo-based financial holding company SBI.

31.05 / 03:41

business SEC coinbase Supply Chain U.S. China to gain most from restrictive US crypto regulations: Coinbase CEO

“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong.

31.05 / 00:49

business stocks NVIDIA GPU Stock Investment AI demand briefly catapults Nvidia into $1 trillion club

Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo.

30.05 / 22:27

business Blockchain Technology Web3 data Decentralization Nansen lays off 30% of its workforce

Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to make an “extremely difficult decision to reduce the size of the Nansen team.”

30.05 / 21:19

business regulation Machine Learning Science ChatGPT AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war

Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS).

30.05 / 20:51

business Law Bitcoin Regulation exits regulatory Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’

Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.

30.05 / 20:31

business Fraud crimes Cybercrime FTX Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say

United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District Court for the Southern District of New York.

30.05 / 18:55

business Binance Investments Bloomberg banking Binance considers allowing traders to secure collateral at banks: Report

Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg.

30.05 / 18:55

business SEC coinbase SEC settles case against Wahi brothers for Coinbase insider trading

Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced onMay 30.

30.05 / 16:51

business Stablecoin Mining Tether Tether moves into Bitcoin mining in Uruguay

Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay.

30.05 / 12:27

business FTX Bankruptcy Crypto exchange TrigonX latest to emerge from the FTX rubble

Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million.

30.05 / 12:27

business Government Blockchain Technology Web3 economy Decentralization Laos government reportedly prioritizes blockchain technology for digital transformation

On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.

30.05 / 12:27

business regulation exchanges Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening

The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.

30.05 / 12:27

business Binance Banks banking Buying a bank won’t solve crypto’s debanking issue: Binance CEO

Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.

30.05 / 12:27

business Adoption Microsoft credit cards American Express ChatGPT Amex planning to use AI for ‘approving cards and lines of credit’

Financial services titan American Express (Amex) plans to use artificial intelligence (AI) services to validate transactions, approve lines of credit, analyze customer sentiment and predict customer finances.

30.05 / 12:27

business Technology Adoption Green technology Environment Tech Future Environmental impact of AI: Pioneering solutions for a sustainable future

The past several years have seen artificial intelligence (AI) emerge as a global transformative force possessing the power to revolutionize several industries. From autonomous vehicles to smart home devices, AI-driven solutions have permeated various aspects of our lives, promising increased efficiency and convenience.

30.05 / 12:27

business defi Hackers hacks Web3 Cybersecurity security Two key security practices for Web3 startups from Israel Crypto Conference

Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits.

29.05 / 13:35

business Technology NVIDIA ChatGPT Nvidia introduces AI supercomputer to create ChatGPT successors

Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications, as the company revealed plans to release more AI products.

29.05 / 13:35

business Blockchain Technology Ethereum Adoption security Bitcoin recovery Ledger CEO says crypto key recovery service makes self-custody easier

Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase.

29.05 / 10:23

business Adoption regulation Bybit gets pre-approval in Kazakhstan as crypto custody service provider

Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan.

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