Business Financial News
30.03 / 02:17
business
regulation
fees
Fraud
FTX
Insurance
Court
Lawyers
creditors
FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed
Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.
29.03 / 20:29
business
Paxful
Earn
Bankruptcy
Celsius
Lost
Paxful to return lost Celsius funds to Earn users
Crypto marketplace Paxful will refund its Earn program users affected by the Celsius Network collapse in 2022, according to a Twitter thread posted on March 29 by company CEO Ray Youssef.
29.03 / 17:27
business
Binance
Binance concealed ties to China for years, even after 2017 crypto crackdown: Report
Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.
29.03 / 10:47
business
event
Stablecoin
regulation
Circle
reserves
Circle prefers reserves and payment rails with the Fed, says exec
Circle has been subject to discussion in the crypto industry since the depegging of its stablecoin (USDC) due to the collapse of Silicon Valley Bank (SVB) on March 10. Now that the company cleared its backlogs and USDC regained its 1:1 peg with the United States dollar, it is looking towards the future of both the company and the industry.
29.03 / 10:47
business
Blockchain
hacks
wallet
compensation
Exploit
BitKeep completes compensation for $8M APK exploit, announces rebranding
On March 29, multichain wallet BitKeep announced that it had fully compensated users affected by the 7.2.9. Android Package Kit (APK) exploit that took place on Dec. 26, 2022. On the day of the incident, the 7.2.9. APK update for BitKeep was maliciously swapped by hackers, resulting in an estimated $8 million loss of funds from users who downloaded the malware.
29.03 / 08:09
business
Hackers
hacks
Altcoin
YouTube
Upgrade
Ponzi scheme
BUG
Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade
SafeMoon, a project previously endorsed by A-list celebrities and social influencers such as Jake Paul and Soulja Boy, announced its liquidity pool (LP) was compromised. Without revealing further details about the attack, SafeMoon confirmed undertaking steps “to resolve the issue as soon as possible.”
29.03 / 05:45
29.03 / 04:39
business
Kraken
advertisement
F1
Deal
Back on track: Kraken inks F1 crypto sponsorship deal with Williams Racing
Formula 1 teams could be warming to crypto advertising again despite a crypto sponsorship exodus in the wake of last year's high-profile meltdowns.
29.03 / 04:39
business
Blockchain
Adoption
regulation
us government
identity
NOT
The government should fear AI, not crypto: Galaxy Digital CEO
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” identity crisis.
28.03 / 23:05
business
Adoption
Investments
Survey
Women
Singaporean women ‘outperforming’ men in crypto trades, survey reveals
Singaporean women are slightly more likely to make money or at least break even on their crypto investments than their male counterparts, according to a survey from cryptocurrency exchange Independent Reserve.
28.03 / 15:27
business
Blockchain
Terra Luna
Galaxy Digital swings to profit after $1B net loss in 2022
On March 28, Canadian investment firm Galaxy Digital, operated by blockchain personality Mike Novogratz, disclosed that it had achieved a preliminary pre-tax income of $150 million from Jan. 1, 2023, to March 24, 2023.
28.03 / 13:57
business
regulation
crimes
FTX
Court
Fried
Sam
Sam Bankman-Fried charged with bribing Chinese officials: Court docs
FTX cryptocurrency exchange founder and former CEO Sam Bankman-Fried, or “SBF,” is facing a new 13-count indictment from authorities in the United States.
28.03 / 12:11
business
Adoption
Web3
Cointelegraph
Itheum joins Cointelegraph Accelerator Program to democratize data ownership
Large corporations operating in the Web2 space continue to collect user data to boost profits but do not share most of this value with the users providing the data. However, with the emergence of Web3 technologies, the infrastructure necessary to bring back control to the people has arrived. Through a new Web3 technology built by Itheum, people can own, trade and be rewarded for their data as it transforms into a new high-value asset class that powers the future data economy.
28.03 / 11:47
business
Blockchain
Adoption
National
China to upgrade national blockchain standards by 2025
Chinese officials have been actively developing its fintech industry, with a strong focus on blockchain technology, despite their stringent stance on cryptocurrencies.
28.03 / 11:01
business
regulation
FTX
Court
bail
SBF banned from using online messengers under new bail agreement
The story of FTX founder Sam Bankman-Fried continues to unfold as lawyers and the court continue to argue about SBF’s bail conditions.
28.03 / 10:05
business
Altcoin
Fiat Money
Bitcoin
How does the monetary supply affect cryptocurrencies?
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET 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 day-to-day crypto activity.
28.03 / 07:39
business
Mining
Bitcoin
Bitcoin Price
analysts
Bitcoin hash rate spikes to 398 exahash, analysts say miners coming back online
Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises.
28.03 / 06:45
business
Law
Report
Fraud
Interpol
Terraform Labs
Terra
Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report
Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry.
28.03 / 06:45
business
Blockchain
Adoption
Disney
virtual reality
Metaverse
augmented reality
Disney reportedly scraps its metaverse division
Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan that will see the firm cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months.
28.03 / 05:49
business
Blockchain
Hackers
Cybersecurity
Customers
Bitcoin ATM maker to refund customers impacted by zero-day hack
Bitcoin ATM manufacturer General Bytes says it is reimbursing its cloud-hosted customers that lost funds in a "security incident" in March that saw its customers' hot wallets accessed.
28.03 / 03:55
business
regulation
SEC
Department Of Justice
us government
Bankruptcy
US court
Voyager's $1B sale to Binance.US put on hold by US court
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.
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