Business Financial News

20.04 / 03:09

business Ethereum coinbase security Decentralization BaSe L2 A16z’s hyped-up orange balls revealed to be an L2 rollup client

A series of cryptic tweets depicting orange balls were revealed to be building up hype for a new rollup client for Optimism (OP) called "Magi" from the crypto arm of venture capital firm Andreessen Horowitz (A16z).

19.04 / 23:53

business coinbase exchanges week Coinbase gets Bermuda license, offshore exchange could launch next week: Report

United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it's reportedly set to launch a derivatives exchange based there as soon as next week.

19.04 / 21:57

business Blockchain Adoption data Decentralization Subgraph hosted service launches as The Graph prepares for decentralization

Blockchain data provider Chainstack has launched a hosted service for collections of Web3 data known as “subgraphs,” according to an April 19 announcement from the company. The service, called “Chainstack Subgraphs,” allows developers to create subgraphs and post them for a fee.

19.04 / 21:57

business Art NFT Auction Digital Asset Sotheby's will auction off part of 3AC's digital art collection

Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC.

19.04 / 21:09

business Adoption regulation Bank of Russia BRICS settlement Cross-border Bank of Russia to set up entities for crypto mining and cross-border settlement: Report

Russia is taking further steps to mitigate global sanctions in place since the invasion of Ukraine in 2022. According to local media reports, the country's central bank plans to create new institutions to mine crypto assets and settle international payments.

19.04 / 19:07

business Trading Machine Learning Bot ChatGPT open StabilityAI launches StableLM open-source alternatives to ChatGPT

The large language model sector continues to swell as StabilityAI, maker of the popular image-generation tool Stable Diffusion, has launched a suite of open-source language model tools.

19.04 / 18:39

business regulation European Union Machine Learning ChatGPT OpenAI has until April 30 to comply with EU laws, ‘next to impossible’ say experts

OpenAI may soon face its biggest regulatory challenge yet as Italian authorities insist the company has until April 30 to comply with local and European data protection and privacy laws, a task artificial intelligence (AI) experts say could be near impossible.

19.04 / 18:05

business Mining Energy Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill

Crypto mining firm Mawson Infrastructure Group will be exiting Texas following an $8.5-million sale of its local subsidiary as well as lease agreements and contracts related to operating in the state.

19.04 / 15:25

business Blockchain Microsoft Web3 data Microsoft Azure Marketplace integrates on-ramp to blockchain data

Web3 data company Space and Time has announced that developers can now deploy their data warehouse directly from the Azure Marketplace, Microsoft’s online store that provides services and applications to use on Azure.

19.04 / 06:45

business Facebook Europe Google European Union EU sets up research hub to analyze Big Tech's AI algorithms

The European Commission has launched a new research unit that will investigate the impact of the algorithms made and used by prominent online platforms and search engines such as Facebook and Google.

19.04 / 06:27

business Law NFT Altcoin Google Apple Court NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner

The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm.

19.04 / 02:55

business Blockchain Adoption regulation privacy coinbase European Union UK may have crypto regulation within a year, says senior minister

The United Kingdom could lay out digital asset regulation within 12 months a British lawmaker claimed, saying the country wants to capitalize on the benefits that blockchain can bring to the private sector and economy.

18.04 / 20:53

business Blockchain Technology Investments Web3 FTX Bankrupt crypto Tribe Capital considers reviving bankrupt crypto exchange FTX: Report

Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.

18.04 / 19:53

business Mining Intel GPU Intel will stop manufacturing chips for Bitcoin miners: Report

Major United States-based technology company Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips as part of efforts to cut costs.

18.04 / 18:47

business defi regulation Europe European Union Kraken Bitcoin Kraken receives virtual asset service provider authorization in Ireland ahead of MiCA vote

Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18.

18.04 / 18:19

business Blockchain Technology Microsoft Machine Learning Power Microsoft is developing its own AI chip to power ChatGPT: Report

Microsoft has secretly been developing its own artificial intelligence (AI) chips to deal with the rising costs of development for in-house and OpenAI projects, per a report from The Information.

18.04 / 17:45

business Blockchain Technology SEC Decentralization Coinbase may face years-long court battle with SEC, CEO warns: Report

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18.

18.04 / 14:03

business defi DAO Voting Project aims for fair governance by changing the voting system

Move-to-earn app creator Sweat Economy is set to let its users decide on how to spend almost $1 million worth of tokens earned as fees and revenue through a governance vote with a twist.

18.04 / 12:33

business Blockchain Technology Investments Web3 Funding Decentralization Aleph Zero launches $50M ecosystem funding program

Aleph Zero is launching a $50 million Aleph Zero Ecosystem Funding Program, the layer-1 privacy-enhancing blockchain announced on April 18. The nonprofit Aleph Zero Foundation overseeing its development of Aleph Zero aims to support developer teams to build on its platform and advance blockchain adoption globally.

18.04 / 12:33

business Blockchain Binance Ethereum 2.0 Ether price Binance users get new ETH deposit addresses: Here’s what to do

The world’s largest cryptocurrency exchange by trading volume, Binance, is disabling multiple old deposit addresses as part of its infrastructure upgrade.

18.04 / 10:05

markets business Blockchain Technology Investments Web3 MEXC Core DAO partners with Bitget and MEXC to launch $200M ecosystem fund

Core DAO, an organization committed to the development of the Satoshi Plus ecosystem, has introduced a $200 million Ecosystem Fund aimed at speeding up the development of decentralized applications and protocols built on the Core layer-1 blockchain.

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