Business Financial News
26.05 / 15:29
business
regulation
Investments
Europe
European Union
cryptocurrency investment
regulatory
EU regulator urges crypto firms to disclose regulatory status of products
The European Union’s financial watchdog has issued a statement reminding investment firms to make sure their clients are aware of the regulatory status of the products they are offering.
26.05 / 15:29
business
Blockchain
BitPanda
coinbase
Decentralization
Bitpanda secures licensing agreement with Coinbase as part of strategic partnership
Vienna-based cryptocurrency investment company Bitpanda has finalized a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions.
26.05 / 15:29
business
Microsoft
ChatGPT
lawmakers
Microsoft urges lawmakers, companies to ‘step up’ with AI guardrails
Brad Smith, the president of Big Tech firm Microsoft, has called on governments to “move faster” and corporations “step up” amid a massive acceleration in artificial intelligence development.
24.05 / 14:05
business
Adoption
Web3
Decentralization
Job
Future
Shaping the future of Web3 employment: Intropia joins Cointelegraph Accelerator
The nascent nature of the Web3 landscape, along with the complexity of technical skills involved in crypto and blockchain-related jobs, makes it hard for a majority of companies to find the right talent. On the other hand, Web3 professionals also have difficulty looking for new opportunities on mainstream job platforms designed mainly for Web2 careers. Even when there’s an ideal match for a company and talent, the remote-focused work expectations of the post-pandemic era create a bottleneck for the traditional recruiter-candidate onboarding process.
24.05 / 14:05
business
event
Technology
Adoption
NFT
CryptoKitties
Ticketing will be a huge use case for NFTs — Gary Vee
Famous entrepreneur Gary Vaynerchuck — also known as Gary Vee — is a long-time supporter and collector of nonfungible tokens (NFTs).
24.05 / 12:17
business
regulation
U.S.
Meta Ceo
ChatGPT
White House questions impact of AI surveillance on workers
Officials in the United States are making efforts to keep tabs on the development of artificial intelligence (AI), as new plans surface to examine workers’ experience with AI surveillance.
24.05 / 10:25
business
Blockchain
Web3
Funding
Venture Capital
Foresight
Foresight Ventures pledges additional $10M for Web3 accelerator
On May 24, Singaporean venture capital firm Foresight Ventures announced that it would pledge an additional $10 million to its Foresight X Accelerator, bringing its total to $20 million. The move comes as the firm opens the second phase of accelerator applications, which will focus on Web3 projects building in the artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin (BTC), liquid staking derivatives, and nonfungible token ecosystems.
24.05 / 08:23
business
Technology
Adoption
Web3
Metaverse
Backed
Chinese city launches govt-backed metaverse platform
Nanjing City, the capital of Jiangsu Province in China, on May 22, inaugurated the China Blockchain Technology and Application Innovation Platform. This government-supported platform aims to foster and advance metaverse research and development across the country.
24.05 / 07:17
business
Blockchain
Adoption
Hardware Wallet
Ledger
Open Source
LedgerX
recovery
open
Ledger key recovery service paused amid backlash, will open-source code
Hardware wallet company Ledger is postponing the launch of Ledger Recover following an intense week of criticism from the crypto community.
24.05 / 07:17
business
Technology
Funding
AI developer Anthropic raises $450M in Series C round
On May 23, artificial intelligence (AI) safety and research company Anthropic announced that it had raised $450 million in Series C funding led by Spark Capital, with additional participation by Google, Salesforce Ventures, Sound Ventures and Zoom Ventures.
24.05 / 07:17
business
Binance
Cybersecurity
Cybercrime
KYC
AI deepfakes are getting better at spoofing KYC verification: Binance exec
Deepfake technology used by crypto fraudsters to bypass know-your-customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binance's chief security officer warns.
24.05 / 07:17
business
Blockchain
Web3
Funding
Venture Capital
Press Release
Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
Early-stage venture capital firm Dispersion Capital recently exited stealth to launch a $40 million fund for startups working on infrastructure for Web3 projects.
24.05 / 07:17
business
Binance
Reuters
CFTC
regulation
Paxos
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
Crypto exchange Binance denies allegations of mismanagement of customers’ funds. Binance’s denial came in response to a Reuters report that alleged that the crypto exchange comingled customer’s funds with company revenue.
22.05 / 08:03
business
exchanges
Hotbit exchange halts operations, urges users to withdraw funds
Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC.
22.05 / 07:13
business
Hackers
hacks
Altcoin
Governance Token
EXP Attack
Tornado Cash attacker to potentially giveback governance control, proposal reveals
Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance.
22.05 / 01:31
21.05 / 17:15
business
Government
regulation
us government
Taxes
Deal
Biden won't accept debt deal protecting crypto traders — G7
United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans' proposed terms as "unacceptable" during a press conference.
20.05 / 20:47
business
Ripple
Tether
Ledger
Bitcoin
Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more
Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the collapse of Silicon Valley Bank.
20.05 / 19:11
business
Adoption
Investments
cryptocurrency investment
gone
Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO
As the hype around Bitcoin (BTC) has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a "serious venue" to invest in, claims Fred Pye, CEO of 3iQ, Canada's first Bitcoin fund issuer.
20.05 / 15:51
business
Binance
regulation
Latin America
coinbase
Binance provider in Brazil gets payment institution approval
Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country's central bank to operate as a payment institution and electronic money issuer on May 19, according to local media reports.
20.05 / 15:09
business
Investments
Funding
cryptocurrency investment
Index Funds
hedge fund
Bitcoin
How crypto funds shape the development of the digital asset market
A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens.
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