Business Financial News
09.05 / 18:25
business
Fraud
FTX
OKX
Bankruptcy
OKX just sent $60M in USDT, MASK token to Alameda Research
On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence.
09.05 / 18:25
business
Blockchain
defi
Bitcoin
BRC-20 tokens surpass $1B market cap as wallet providers prepare integration
On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ordi, nals, VMPX, pepe, and meme, with price variance of between +11% and -55% within the past day.
09.05 / 17:15
business
Blockchain
Quadrigacx
Bankrupt crypto
Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds
According to a May 8 post by Miller Thomson, the law firm representing users of the defunct cryptocurrency exchange QuadrigaCX, interim distribution of funds tied to bankruptcy proceedings will be scheduled "in the coming weeks."
09.05 / 16:09
business
Ethereum
litecoin
SEC
PayPal
Report
Bitcoin
Holdings
Crypto Holdings
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC).
09.05 / 14:15
business
Blockchain
Microsoft
goldman sachs
Deloitte
Financial Systems
network
Blockchain Network
Microsoft, Goldman Sachs, others partner in new blockchain network
A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs.
09.05 / 14:15
09.05 / 14:15
business
Blockchain
Liquidity
Tokens
AIM
Accessibility
Private equity tokens aim to bring greater liquidity, transparency and accessibility
As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger.
09.05 / 12:59
business
Binance
coinbase
exchanges
Lightning Network
lightning
Bitcoin
network
Bitcoin fee spike spurs shift to Lightning Network: Binance and Coinbase line up
The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network. Following a second halt in withdrawals, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.”
09.05 / 10:01
business
Spotify
ChatGPT
Spotify reportedly deletes thousands of AI-generated songs
The battle between the music industry and artificial intelligence (AI) continues as reports claim Spotify is taking down AI-generated music.
09.05 / 05:13
business
Blockchain
Court
Celsius
Bitcoin
‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations.
09.05 / 04:25
business
Banks
banking
Concern over banking crisis reaches levels unseen since 2008 — Poll
Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months.
08.05 / 22:11
markets
business
Blockchain
Web3
Decentralization
MakerDAO
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users.
08.05 / 22:11
business
Bittrex
Bankruptcy
Sec Charges
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware.
08.05 / 21:31
business
Paxful
P2P
Time
Paxful restarts marketplace operations for the first time since April
Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April.
08.05 / 20:05
business
regulation
Machine Learning
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
Iflytek, a state-subsidized Chinese artificial intelligence (AI) company, recently announced the launch of “Spark Model,” an AI system designed to compete directly with OpenAI’s ChatGPT.
08.05 / 15:53
business
coinbase
Middle east
International
Coinbase execs visit UAE to test potential of 'strategic hub' for international operations
Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.
08.05 / 13:21
business
Adoption
Accenture
Insurance
World Economic Forum
IBM
AI is coming for your job: What industries will be affected?
Artificial Intelligence (AI) has been growing at an unprecedented rate in recent years and is being integrated into a range of industries. But its rapid growth has sparked concern over job losses, as many tasks previously performed by humans could soon be automated by AI.
08.05 / 12:51
business
Government
Blockchain
Tencent
Backed
collapses
Tencent-backed Everledger collapses amid lack of funding: Report
The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.
08.05 / 11:13
business
Ripple
regulation
SEC
U.S.
Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says
Ripple has spent $200 million defending the case brought against it by the United States Securities Exchange Commission (SEC), according to CEO Brad Garlinghouse.
08.05 / 09:29
business
regulation
sanctions
ChatGPT
China is developing AI without US chips: Here's how
The race to create artificial intelligence (AI) continues as China pushes forward the development of home-grown AI without utilizing the latest technology from the United States due to current sanctions.
08.05 / 03:13
business
regulation
Trading
interview
retail
Bitcoin Regulation
Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair
Crypto-friendly Hong Kong is still gung-ho about giving its citizens access to crypto trading despite other jurisdictions “taking a step back,” claims the chair of the FinTech Association of Hong Kong (FTAHK).
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