Business Financial News

15.04 / 03:47

business Blockchain phishing EXP Attack Phishing attacks crypto phishing Crypto phishing attacks up by 40% in one year: Kaspersky

When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing.

15.04 / 02:53

business Law Bankruptcy Celsius Celcius reportedly prepping litigation against creditor for leaking internal info

A court filing indicates that bankrupt crypto lender Celsius Network either intended to, or is potentially looking at taking legal action against crypto blogger and Celsius creditor Tiffany Fong over leaking internal information.

14.04 / 22:27

business Binance CFTC regulation Derivatives CFTC chair says Binance intentionally broke rules concerning futures, commodities

Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), recently spoke out about the allegations levied against Binance, claiming that the beleaguered cryptocurrency exchange’s leadership knowingly operated outside of U.S. laws governing the exchange of commodities and futures.

14.04 / 22:27

business Twitter MetaMask Crypto Biz: Global AI race ramps up, Winklevoss $100M loan to Gemini, and more

The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation of public opinion”. It's worth remembering that Twitter CEO Elon Musk recently spearheaded a letter calling for the halt of advanced AI development due to societal concerns. As the proverb says, "if you can't beat your enemy, join them".

14.04 / 22:27

business IPO SEC Blockchain Storage network Chia Network says it submitted IPO registration to SEC after leadership shuffle

The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of the offering have not been determined, the company said. The proposal was submitted confidentially and the announcement was made under a Securities Act of 1933 rule to allow limited information to be released to measure investor response.

14.04 / 22:27

business Federal Reserve IMF Bitcoin Bitcoin Price A recession is coming — Here’s how it’s fueling Bitcoin

The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity.

14.04 / 17:25

business Blockchain Technology Ethereum Adoption Bitcoin L2 Moving beyond the blockchain trilemma: L1 vs. L2

As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin (BTC). While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.

14.04 / 16:59

markets business Blockchain Technology Decentralization Crypto lender Amber Group considers selling Japan unit: Report

Amber Group, a Singapore-based crypto lender, is considering selling its Japanese unit as part of its plan to focus more on institutional business rather than retail business, Bloomberg reported.

14.04 / 11:19

business hacks hot wallet Bitcoin Crypto exchange Bitrue suffers $23M hack due to hot wallet eploit

Bitrue cryptocurrency exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million.

14.04 / 06:55

business regulation Investments Digital Asset Digital Asset Management HashKey HashKey launches wealth management service citing ‘significant’ demand

Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors.

14.04 / 03:15

business EBAY Marketplace decentralized marketplace Bitcoin OpenBazaar marketplace says it's set to ‘grow again from the ashes’

The decentralized marketplace OpenBazaar appears set for a comeback after it was shut down over two years ago, according to a number of social media and GitHub updates.

13.04 / 20:11

business Gemini Gemini files for pre-registration undertaking in Canada

On April 12, cryptocurrency exchange Gemini announced it filed a pre-registration undertaking with the Ontario Securities Commission (OSC), which oversees capital markets in Canada's most populous province. The undertaking is a prerequisite to becoming a restricted dealer in Canada and is necessary for all cryptocurrency exchanges wishing to conduct business in the country. Cynthia Del Pozo Garcia, Gemini's director of strategy and corporate development, wrote:

13.04 / 20:11

business Amazon ChatGPT Amazon launches new Bedrock AI service to take on Google and OpenAI

Generative AI models such as ChatGPT have taken the technology world by storm as they threaten to permeate the mainstream. With the announcement of Bedrock, it’s clear that Amazon’s ready to go all-in just as big tech competitors Microsoft and Google have.

13.04 / 13:41

business Blockchain Technology Decentralization OTC network DWF Labs EOS Network lands $60M investment and partnership from DWF Labs

In its most substantial investment to date, DWF Labs, a digital asset market maker and investment firm, has announced an alliance with the EOS Network Foundation (ENF), entailing an investment deal worth over $60 million. EOS is a Layer-1 network for developers looking to build blockchain-based games (GameFi) and deploy decentralized applications (dApps).

13.04 / 11:25

business defi Decentralized Exchange Africa Decentralization inclusion Financial Web3 economy to gain more traction in Africa through DeFi-based financial inclusion

The existence of the Web3 economy in Africa began with cryptocurrency. Using blockchain technology in Africa came with a lot of transformation in terms of transparency and control over finances. The Web3 economy in Africa is still gaining more traction with a DeFi-based financial inclusion.

13.04 / 10:15

business Technology services Universal Music Group tells streaming services to block AI-generated music

Content generated by artificial intelligence (AI) has been on the rise following the release of OpenAI’s latest version of its AI chatbot, ChatGPT-4 and others like it. However, not everyone has been in favor of some of its capabilities when left unchecked.

13.04 / 07:51

business Ethereum Adoption NFT fees Reddit Marketplace BTC Miners Nifty News: BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more

Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol.

13.04 / 07:51

business Ripple XRP SEC coinbase security Court SEC argues recent court case weakens Ripple Labs’ ‘fair notice’ defense

A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed to a federal judge.

13.04 / 04:43

business Investments Report Venture Capital VC funding Low Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research

Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report.

13.04 / 04:43

business Adoption Tokens LimeWire’s new game simulates music pirating nostalgia and pays in crypto

A new game aimed at reviving the nostalgia of pirating music with the added bonus of crypto rewards has been launched by the former peer-to-peer file-sharing platform turned nonfungible token (NFT) marketplace LimeWire.

13.04 / 03:11

business Technology ChatGPT ‘ChatGPT-like personal AI’ can now be run locally, Musk warns ‘singularity is near’

It is now possible to install and run a “ChatGPT-like” personal artificial intelligence (AI) on a home computer even without an internet connection and Elon Musk has warned AI development has brought us closer to a technological point of no return.

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