Business Financial News

05.04 / 07:55

business Investments Banks Bitcoin Swiss Swiss state-owned bank Postfinance to offer Bitcoin trading

PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers.

05.04 / 06:19

business crimes Cash App creator dies following stabbing in San Francisco

Bob Lee, the former chief technology officer of Square and creator of Cash App has died following a stabbing in San Fransisco in the early hours of Tuesday, April 4 local time.

05.04 / 03:35

business regulation Trading Scams Multiple US state regulators allege AI trading dApp is a Ponzi scheme

Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai alleging it is “perpetrating a Ponzi scheme.”

05.04 / 01:37

business Adoption Mining Press Release Bitcoin Marathon Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.

04.04 / 21:41

business Technology Digital NFT Web3 Digital Asset Opensea OpenSea launches advanced NFT marketplace aggregator

NFT marketplace OpenSea has unveiled OpenSea Pro, its new non-fungible token (NFT) marketplace aggregator aimed at serving the needs of professional users. OpenSea's acquisition of NFT aggregator Gem in April 2022 enabled it to develop and refine Gem's platform to create the new OpenSea Pro.

04.04 / 21:41

business Stablecoin Tether Banks Signature Bank banking system Stablecoin issuer Tether accessed US banking system using Signature: Report

Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks.

04.04 / 20:45

business Blockchain Payments Research remittances Crypto could eliminate 97% of traditional remittance fees: Coinbase

A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency.

04.04 / 20:23

business Hackers hacks Crypto Companies Massive supply chain attack targeting small number of crypto companies: Kaspersky

A supply chain attack installed a backdoor in computers around the world but has only been deployed in fewer than ten computers, cybersecurity company Kaspersky has reported. The deployments showed a particular interest in cyptocurrency companies, it added.

04.04 / 18:47

business Marketplace Paxful regulatory Paxful closing, CEO blames staff departures, regulatory challenges

Peer-to-peer cryptocurrency marketplace Paxful announced on April 4 that it was suspending operations. Paxful founder and CEO Ray Youssef said in a blog that “key staff departures” and the regulation environment were behind the decision.

04.04 / 18:09

business Blockchain Technology Developers Web3 Decentralization Dapps Google Cloud Support Celo Foundation and Google Cloud partner to support sustainable Web3 startups

The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in Celo's blockchain ecosystem and advance the early adoption of Google Cloud services. The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Firebase usage, thereby enhancing Celo's mobile-first infrastructure and decentralized applications (Dapps).

04.04 / 15:41

business hedge fund Backed Crypto exchange backed by 3AC founders launches with claims trading plans

Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX.

04.04 / 13:03

business Stablecoin regulation Dollar Brazil bank BTG Pactual to issue USD-pegged stablecoin

Major Brazilian investment bank BTG Pactual continues onboarding new cryptocurrency services with the launch of its own stablecoin backed by the U.S. dollar.

04.04 / 11:19

business services Liechtenstein’s VP Bank taps Metaco to expand custody and tokenization services

VP Bank, one of the largest banks in Liechtenstein, partnered with will consolidate its digital asset infrastructure provider Metaco to consolidate its digital asset custody and tokenization operations.

04.04 / 11:17

business Blockchain Europe Environment bonds European banks launch ‘sustainable’ blockchain platform for digital bonds

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods.

04.04 / 10:17

business Blockchain Investments recovery Dragonfly Capital invests $10M in Bitget amid industry recovery

Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption.

04.04 / 08:09

business Hackers hacks Altcoin EXP Attack Returns Euler Labs hacker returns 'all of the recoverable funds' — Timeline

After being robbed of $196 million in a flash loan attack, Euler Finance convinced its hacker within 25 days to return most of the funds. The outcome was a result of numerous to and fro, which eventually led the hacker to do “the right thing.”

04.04 / 06:09

business Blockchain defi Hackers hacks Cybersecurity Cybercrime Returns Allbridge exploiter returns most of the $573K stolen in attack

A large portion of the roughly $573,000 pilfered from the multichain token bridge Allbridge has been returned after the exploiter seemingly took up the project’s offer for a white hat bounty and no legal retaliation.

04.04 / 05:45

business Adoption Binance CFTC regulation Trading coinbase Binance’s market share drops on CFTC suit and no-fee trading halt: Report

The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to halt some zero-fee trading.

04.04 / 01:49

business Adoption ETF Europe crypto ETFs Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey

Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs).

03.04 / 21:31

business Blockchain Bakkt Bakkt completes $200M acquisition of Apex Crypto

On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal.

03.04 / 20:09

business Blockchain Technology Kucoin wallet Web3 Decentralization KuCoin Wallet spins off from KuCoin exchange, renames as Halo Wallet

Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.

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