Cryptocurrency news - Business
Animoca plans to develop digital IDs and point system for Web3
Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment. The gaming and Web3 company Animoca Brands announced on Sept. 11 the closing of a funding round to accelerate the...
Coinbase CEO reveals top 10 crypto ideas he’s urging devs to work on
From flatcoins to on-chain advertisements, Brian Armstrong hopes aspiring developers take the time in the bear market to build out these crypto concepts. Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto's future, sharing h...
Weekend Wrap: $50M NFT platform shutters, OpenSea's 'HUGE mistake' and more
The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. NFT platform Recur shuts down despite $50M funding round Nonfungible token (NFT) platform Recur is winding down...
Australia’s Bendigo Bank blocks high-risk payments to crypto exchanges
Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges. Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to...
Ripple case: SEC appeal unlikely as agency gains from ‘current confusion’ — Haun Ventures CEO
An immediate appeal could potentially jeopardize the SEC’s “entire enforcement agenda” if it ends up losing, said Katie Haun of Haun Ventures. A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United...
Multichain stops operations over lack of funds
The Multichain team said funds and access to servers are currently with their CEO, Zhaojun, who is under the custody of Chinese police. Cross-chain protocol Multichain has announced that it is “forced to cease operations” due to a lack of operational funds. The announcement foll...
Elon Musk imposes ‘rate limit’ on Twitter, citing extreme ‘system manipulation’
Verified Twitter users will be allowed to view 10,000 posts daily, while new, unverified accounts will get 500 under the new limits. Social media platform Twitter is temporarily limiting the number of posts users will be allowed to read daily after seeing “extreme levels of data...
US senator pushes tech companies to label AI-generated content
United States Senator Michael Bennet wrote a letter to major tech companies, including OpenAI and Google, to urge the labeling of AI-generated content. United States Senator Michael Bennet has urged tech companies to label AI-generated content and monitor any misleading content...
Rising institutional interest is a 'bullish' sign for crypto: SEBA Bank exec
SEBA Bank exec Nasha Afshar believes that the question of institutions getting into crypto has shifted from "if" to "when," indicating growing confidence in the industry. As more institutions go from only showing their interest in the crypto space into actually investing in Web3...
Twitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claim
“Explain This Bob,“ the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk called it a “scam.” Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk...