Business Financial News

28.05 / 17:47

business Stablecoin Altcoin Tether Circle Usd Coin Binance USD USDT market share jumps amid economic uncertainty, USDC shrinks

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.

27.05 / 21:07

business NFT play-to-earn Blockchain Game Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?

Rumors suggesting that Grand Theft Auto 6 will incorporate cryptocurrencies surface every once in a while, fueling expectations that the highly awaited game may incorporate digital assets as rewards for players, nonfungible tokens (NFTs) as in-game goods, or even as part of the storyline's humor.

27.05 / 17:55

business Binance regulation Asia Binance kicks off transition to new platform in Japan

After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.

27.05 / 15:15

business Blockchain Ripple BitStamp Ledger CEX recovery Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems.

27.05 / 12:57

business Blockchain Suspends Withdrawals Nigerian crypto company suspends withdrawals after BTC and naira compromise

Patricia, a Nigerian platform for gift card and crypto trading, has encountered a security breach, prompting immediate measures to safeguard its users. As a precautionary step, the platform has temporarily suspended fund withdrawals.

27.05 / 09:28

business event Blockchain Adoption Web3 Startups Web3 startup innovation - Demo Day with Cointelegraph Accelerator, Animoca Brands, Cipholio and Brinc

While the year-long bear market tore off a good chunk of the market cap, it also presented an opportunity for new ideas to flourish as the industry’s focus shifted from price volatility to innovation. Unfazed by the market conditions, the Web3 ecosystem has continued to build around fresh concepts to prevent the same crashes from happening again and also to find new ways for users to interact with decentralized digital realities.

27.05 / 09:28

business Adoption virtual reality Metaverse Virtual Property Meta Top metaverse property investments suffer massive losses: Report

Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.

27.05 / 08:07

business regulation SEC Gemini files to dismiss SEC’s lawsuit over its earn product

Gemini Trust Co., a cryptocurrency exchange, and bankrupt lender Genesis Global Capital have jointly filed for the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). The lawsuit claims that their Earn product violated securities regulations by offering unregistered securities.

27.05 / 04:45

business Adoption patents ChatGPT generative AI JPMorgan Chase enters generative AI race with IndexGPT trademark

Finserv giant JPMorgan Chase filed a trademark application for IndexGPT, marking its entry into the race to build a generative AI tool for business purposes.

26.05 / 22:27

business Mining Bitcoin Bitcoin Miner Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence

Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period.

26.05 / 22:27

business Blockchain Technology Web3 Funding Decentralization Cronos Labs launches second cohort of $100M Web3 accelerator

Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.

26.05 / 20:27

business Ethereum S&P 500 Bitcoin Bitcoin Price Lost Time Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.

26.05 / 20:27

business Blockchain Mining regulation Research Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface

Elon Musk’s brain-computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in-human” trials for its surgically implanted brain device.

26.05 / 17:33

business Twitter Research Twitter’s $42K API access plan could harm crypto research

Researchers using Twitter’s formerly free Decahose data service will soon be required to pay a fee of $42,000 per month to continue using the service and retain their data.

26.05 / 15:29

business Technology Adoption Investments Metaverse Chinese city releases policy draft for metaverse industry development

On May 24, the Chinese city of Zhengzhou announced a series of policy proposals to support metaverse companies operating in the region. As part of the initiatives, the municipal government will establish a dedicated fund worth 10 billion yuan ($1.42 billion) to foster growth and development in the industry.

26.05 / 15:29

business Blockchain Technology Investments Digital Currency Group Digital Currency Group to shutter institutional trading unit TradeBlock

Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States.

26.05 / 15:29

business Binance defi Tokens Suspends Multichain Binance suspends deposits for bridged tokens, seeks clarity from Multichain team

Crypto exchange Binance suspended deposits for 10 bridged tokens on May 25 following days of stuck transactions that sparked uncertainty surrounding the Multichain protocol.

26.05 / 15:29

business Federal Reserve Interest rates Bitcoin National Debt Debt ceiling crisis: Best practices to navigate this market

In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors.

26.05 / 15:29

business regulation Europe Gemini MICA Crypto firm Gemini picks Ireland as European base amid US crypto blues

Crypto exchange Gemini has selected Dublin as the headquarters for its European operations, amid a backdrop of crypto companies seeking expansion outside of the United States.

26.05 / 15:29

business Payments regulation FinTech ‘Exhausted all options’ — Unbanked to close after being left hanging by investor

Crypto fintech firm Unbanked, which provides crypto custody and payments services, has become the latest firm to close shop while citing a harsh regulatory environment for crypto in the United States.

26.05 / 15:29

business Machine Learning ChatGPT Meta’s new Megabyte system solves one of the biggest roadblocks for GPTs

Meta AI recently published pre-print research showing off a radical new “Megabyte” framework for building generative pre-trained transformer (GPT) systems.

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