Business Financial News

18.04 / 08:39

business Mining Energy bills Bitcoin Bitcoin mining and increasing energy bills — Sen. Warren vs. Crypto Twitter

United States Senator Elizabeth Warren blamed the Bitcoin (BTC) mining industry for rising energy prices in American households based on unverified mainstream reporting. However, Crypto Twitter was not ready to let it slide and unanimously decided to clarify the disinformation.

18.04 / 08:15

business Law regulation Bitcoin Regulation Financial UAE’s federal financial regulator opens licensing applications for VASPs

The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.

18.04 / 07:33

business Law regulation Trading Taxes Koinly NOT ‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

Failing to utilize tax loss harvesting is one of the biggest mistakes people make on their tax returns according to Danny Talwar, the head of tax at crypto tax software firm Koinly.

18.04 / 04:37

business Adoption Payments transactions Lightning Network lightning Bitcoin bitcoin lightning MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning

The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy.

18.04 / 03:47

business Technology Adoption Google Tech EU legislators call for ‘safe’ AI as Google’s CEO cautions on rapid development

A dozen European Union (EU) politicians have signed a letter calling for the “safe” development of artificial intelligence (AI) as Google's CEO cautioned against releasing powerful AI tech before society has had a chance to adapt.

17.04 / 22:01

business Blockchain elon Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT

According to an Apr. 18 post by Fox News, Elon Musk told the media outlet's anchor Tucker Carlson that he’s developing a ChatGPT rival in the form of “TruthGPT,” a large language model (LLM) that Musk says will be trained to explore the mysteries of the universe.

17.04 / 21:19

business Polygon European Union Smart Contracts lawmakers Polygon calls on EU lawmakers to address smart contracts in Data Act

Polygon Labs, an Ethereum layer-2 scaling solution, has called on policymakers in the European Union to “clarify the scope and intent” in legislation targeting smart contracts.

17.04 / 16:11

business Paxful Assets P2P Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining

The chief executive officer of peer-to-peer crypto marketplace Paxful has announced the unfreezing of 88% of previously frozen user accounts more than a week after suspending operations.

17.04 / 14:39

business Blockchain SEC stocks OTC SEC Approval Blockchain platform for trading securities OTC moves forward with SEC approval

A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain.

17.04 / 14:39

business Adoption Ripple Banks Ripple-based MoneyTap adopted by three Japanese banks

Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients.

17.04 / 14:39

business Art NFT Artists Virtual Property Intellectual Property Building communities and ensuring NFT success: Insights for artists

The importance of building communities cannot be underestimated in the rapidly changing art world, driven by technology and the explosion of nonfungible tokens (NFTs) in the last two years. An audience is a social media following, but a community is a group of people working toward a common goal.

17.04 / 13:05

business Government Law Adoption Binance exchanges Bitcoin Price Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape

A peer-to-peer (P2P) cryptocurrency exchange is an online marketplace that connects buyers and sellers of cryptocurrencies like Bitcoin (BTC). The platform enables them to conduct direct business with one another without the need for intermediaries.

17.04 / 12:53

business Bankruptcy Celsius Bitcoin Bhutan’s sovereign investment arm quietly invests millions in crypto: Report

The Kingdom of Bhutan’s sovereign investment arm, estimated to manage around $2.9 billion in assets, has placed millions of dollars in cryptocurrencies and was a customer of bankrupt crypto firms BlockFi and Celsius.

17.04 / 09:23

business Blockchain Binance Hackers hacks DApp Dapps BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens

BNB Chain, the blockchain developed by crypto exchange Binance, updated its Red Alarm list to include 191 high-risk projects and decentralized applications (dApps) currently hosted on the blockchain.

17.04 / 05:49

business Blockchain Adoption defi Altcoin Internet Cosmos Standard Blockchains need an interoperable standard to evolve, say crypto execs

Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say.

17.04 / 03:41

business regulation SEC Congress Bitcoin Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss.

17.04 / 02:29

business Ethereum economy us government Banks Gold Bitcoin Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold.

16.04 / 06:23

business Adoption Machine Learning elon Elon Musk reaffirms AI's potential to destroy civilization

While tech giants across the world work on materializing the idea of having a generative artificial intelligence (AI) to aid humans in their daily lives, the risk of the nascent technology going rogue remains imminent. Considering this possibility, Tesla and Twitter chief Elon Musk reminded the people of AI’s potential to destroy civilization.

15.04 / 19:37

business NFT Gaming GameFi Blockchain Game NOT play NFT.NYC: Play-to-Earn is not dead, but game publishers are looking for alternatives

The Play-to-Earn (P2E) business model may not be dead, but game publishers and developers are exploring alternatives to replace it, according to a panel at the NFT.NYC 2023. Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event.

15.04 / 09:43

business Law regulation LUNC Terraform Labs Terra Lawyers Do Kwon lawyers received $7 million before Terra collapse: Report

South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.

15.04 / 05:57

business Adoption Amazon elon Elon Musk reportedly plans AI start-up to rival ChatGPT-maker OpenAI

Tech entrepreneur Elon Musk is reportedly developing plans to create an artificial intelligence (AI) startup to compete with ChatGPT-maker OpenAI, one of the most popular generative AI companies he co-founded in 2015.

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