Business Financial News

20.05 / 08:41

business Facebook Adoption Social Media Decentralization Meta Instagram Instagram to reportedly launch text-based app to rival Twitter

In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter.

20.05 / 06:47

business Conference FTX Books Bankruptcy 'Big Short' author Michael Lewis almost ready to publish book on SBF

Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange.

20.05 / 06:47

business Adoption Hardware Wallet update Ledger Seed Phrase Ledger co-founder clarifies "there is no backdoor" in Recover firmware update

The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a technical one.”

20.05 / 00:05

business wallet privacy Cybersecurity security LedgerX Bitcoin Wallet Users will decide if they can still trust Ledger with their seed phrases

Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions.

19.05 / 21:53

business Adoption Latin America Tether Support Tether, KriptonMarket to support USDT transactions at Argentina’s Central Market

Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The move was enabled by a partnership between the stablecoin issuer Tether and on-/off-ramp platform KriptonMarket.

19.05 / 21:07

business Mining Bitcoin Marathon Bitcoin production Bitcoin production growth and capital strategy guiding Marathon Digital: CEO

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.

19.05 / 20:13

business Blockchain Law Ripple XRP SEC Ripple and SEC seek extension for unsealing Hinman documents

On May 19, James K. Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the SEC vs Ripple case for the past few years, shared an update regarding the potential unsealing of the Hinman documents for public access.

19.05 / 18:07

business Blockchain Technology wallet Web3 Decentralization Innovators Jack Dorsey's TBD announces new Web5 toolkit

TBD, a division of fintech company Block, which is led by CEO Jack Dorsey, has announced a novel Web5 decentralized web platform at Bitcoin Miami on May 19.

19.05 / 18:07

business Blockchain FTX Bankruptcy LedgerX MIAX completes acquisition of FTX subsidiary LedgerX

The Miami International Securities Exchange (MIAX), owned by Miami International Holdings, has completed the acquisition of LedgerX, which was one of the FTX assets court-approved for sale in January. LedgerX is an exchange and clearinghouse regulated by the United States Commodity Futures Trading Commission (CFTC).

19.05 / 14:09

business Twitter Adoption Social Media eToro Twitter partnership created a ‘symbiosis,’ says eToro CEO | Bitcoin Miami 2023

The financial service provider eToro and Twitter recently announced a partnership, which allows users on the social network platform to trade cryptocurrencies and stocks.

19.05 / 08:39

business Microsoft Apple Apple bans ChatGPT use for employees over fear of data leaks

The “Big Tech” giant Apple, has restricted company usage of the widely popular artificial intelligence (AI) chatbot ChatGPT as it fears its sensitive data could be compromised.

19.05 / 08:39

business regulation Senate Reserve Texas proof-of-reserve bill passes through the Senate

The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill passed through a Senate vote and now awaits only the state governor's signature.

19.05 / 07:49

business Blockchain Digital Asset stock exchange Australian Australian stock exchange officially abandons blockchain plans: Report

Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.

19.05 / 06:35

business Binance regulation exchanges BTC Markets saga Australian Australian exchanges dispel debanking fears amid Binance saga, but risks loom

Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom.

19.05 / 04:59

business Adoption Google OpenAI launches official ChatGPT app for iOS, Android coming ‘soon’

OpenAI has launched the official version of its AI-powered chatbot ChatGPT on Apple's App Store, and hints an Android version is alcoming “soon.”

19.05 / 04:59

business regulation Fraud FTX Court Bankruptcy Deal FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal

FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX's "wildly inflated" acquisition of stock-clearing platform Embed in September.

19.05 / 01:39

business Payments exchanges banking Binance Australia partner hints at rising ‘scams’ after debanking exchange

The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18.

18.05 / 22:59

business wallet Hardware Wallet Ledger Cold Storage LedgerX Bitcoin Wallet Support I run a Ledger competitor — but I support them in blow-up over keys

It’s counterintuitive for a CEO to defend a competitor, particularly when that competitor is rolling out a feature similar to one we pioneered years ago. But given the debacle around Ledger’s new “Ledger Recover” feature, it’s time to provide a balanced perspective.

18.05 / 21:07

business Venture Capital banking Digital Asset Singaporean family office to set up digital bank in Bahrain

The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

18.05 / 19:53

business Blockchain Technology coinbase Decentralization Coinbase launches zero trading fee subscription service

Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18 announcement, Coinbase One aims to provide features such as zero-fee trading, amplified staking rewards and exclusive benefits through partnerships with industry players such as Messari and CoinTracker for a monthly fee of $29.99. Furthermore, Coinbase plans to collaborate with other partners — such as Alto IRA (Individual Retirement Account), Blockworks’ Permissionless and Lemonade — to bring additional benefits to its members.

18.05 / 19:53

business Government Law defi regulation Bitcoin Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”

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