Cryptocurrency news - Business
Metaverse trading volume plummeted 80% but hype hasn’t decreased
Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of lat...
South Africa Classifies Crypto Assets as Financial Products
South Africa has declared crypto assets to be a financial product, according to a new notice from the country’s Financial Sector Conduct Authority. The change brings digital assets more under the purview of South Africa’s regulators. The notice defines a crypto asse...
German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
German crypto bank Nuri has told its 500,000 users to withdraw funds from their accounts as the firm prepares to shut down and liquidate the business, marking it as another victim of the 2022 bear market. Nuri first reported liquidity issues in August, after announcing t...
SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are examining whether bankrupt crypto hedge fund Three Arrows Capital violated rules by misleading investors about its balance sheet and not registering with the two agencies, Bloombe...
Taliban had a ‘massive chilling effect’ on Afghan crypto market
The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report. Blockchain analytics firm Chainalysis in an Oct. 5 report s...
Australia's CBDC Pilot to Be Completed in 2023
The Reserve Bank of Australia (RBA) is expecting to complete its central bank digital currency (CBDC) pilot by mid-2023, according to a white paper published on Monday. The purpose of the pilot is to "explore innovative use cases" that could be supported by the issuance of a CBD...
Korean crypto bank partners with Blockdaemon to offer retail staking services
Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings. Delio’s staking services expand its existing crypto-bank offerings,...
NFTs will bring crypto to billions of users, explains VC investor
The CEO and co-founder of Electric Capital, Avichal Garg, shares his views on the projects that will explode in the next bull cycle. Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that non...
Sony Music files trademark application for NFT-authenticated music
American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. According to an Aug. 30 trademark application to the United States...
Indonesia plans to set up its crypto bourse by the end of 2022
The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced for the first time back in 2021. The so-called “crypto bourse” is planned to be established by the end of 2022. According to DealStreetAsia, Indonesian De...