Business Financial News

14.11 / 03:59

business regulation Charity Donations FTX Job Bankruptcy FTX Foundation staffer fights for $275K bonus promised by SBF

An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus.

13.11 / 23:29

business Adoption XRP XRP jumps then dumps on faked BlackRock XRP trust filing

A BlackRock filing suggesting the asset manager was creating an XRP (XRP) exchange-traded product caused a 12% spike in XRP, which it quickly lost after the filing was confirmed as fake.

13.11 / 19:27

business ETF CFTC Trading SEC CME CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement.

13.11 / 17:45

markets business Investments economy economics Opinion History tells us we’re in for a strong bull market with a hard landing

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the European Union it is at a record high of 4%.

13.11 / 17:07

business Blockchain Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering

Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering incident.

13.11 / 15:55

business Media Crypto news site The Block shakes off SBF ties with Foresight Ventures deal

The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which has valued it at $70 million.

13.11 / 15:55

business Blockchain Binance Decentralized Exchange exchanges week No CZ, no problem: Binance Blockchain Week showcases Turkish crypto industry

Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform.

13.11 / 11:47

business Ethereum Stablecoin Tether TRON Dollar Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.

13.11 / 05:35

business Adoption regulation Bithumb plans to be first crypto exchange listed on Korea stock market: Report

Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market.

12.11 / 10:03

business Law FTX Bankruptcy FTX files billion-dollar lawsuit against ByBit over asset withdrawals

The FTX bankruptcy estate, headed by CEO John J. Ray III, has filed a lawsuit against ByBit, its investment arm Mirana, and various executives. The aim is to recover funds and digital assets that ByBit withdrew from FTX just before its collapse, with the current value close to $1 billion.

12.11 / 04:21

business Law Adoption FTX Bankruptcy Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report

Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds.

12.11 / 00:39

business Blockchain Conference Ban bills Bitcoin Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.

11.11 / 04:41

business Ethereum ETF SEC Futures Spot ETFs crypto futures BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently

BlackRock has argued that the U.S. Securities and Exchange Commission doesn't have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently.

10.11 / 21:55

business MasterCard retail Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.

10.11 / 18:41

business lending Algorand Bankruptcy Hodlnaut heading for liquidation after failure of restructuring, sale efforts

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022.

10.11 / 15:13

business Blockchain Adoption Banks banking Mainstream JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform, JPM Coin.

10.11 / 13:05

business wallet Telegram TON Bitcoin Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.

10.11 / 05:47

business Adoption regulation Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital.

10.11 / 04:39

business crimes Court bail SafeMoon CEO bail release goes on hold after Feds cite flight risk

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.

09.11 / 22:25

markets business Venture Capital Lightspeed Faction launches $285M startup fund for crypto projects

Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.

09.11 / 20:29

business lending Earn Bankruptcy Celsius Celsius bankruptcy Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.

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