Finance and Business News

In reaction to Russia’s attack on Ukraine, U.S. President Joe Biden issued penalties that did not include cutting Ukraine off from SWIFT payments or crypto transfers. Biden said the U.S. and its allies in the region would be enforcing sanctions intended at exacting “devastating costs” on Russia as a result of “Putin’s war of choice against Ukraine,” […]

Despite short-term social media data suggesting no buying the dip sign right now, the long-term picture seems much more positive, with a separate study revealing that 77% of family offices in the United States are either considering investing in crypto or have already done so. The real dip As TheCoinRise reported, crypto social media is […]

Crypto asset management giant Grayscale has invited American investors to submit comments to the United States Securities and Exchange Commission (SEC), which has reportedly delayed the company’s application for a Bitcoin spot exchange-traded fund (ETF). On Tuesday, Michael Sonnenshein, the CEO of Grayscale, said that the company has launched an advocacy campaign for U.S. investors to express their thoughts […]

Kookmin Bank (KB), which is the largest among banks in Korea and 60th largest in the world by 2017, is planning to become the first bank in South Korea to offer regular investors crypto investment products. Kookmin Bank establishes a dedicated committee On February 21, Kookmin Bank announced the establishment of a Digital Asset Management Preparatory Committee […]

Circle, the issuer of the USD Coin (USDC), has increased its market capitalization to $9 billion after revising its merger agreement with the Special purpose acquisition company (SPAC) Concord Acquisition Corp, created in 2020. On Thursday, Circle stated that it had terminated its prior business combination agreements with Concord and established a new contract with the company […]

To entice new developers to its platform, Blockchain data indexing protocol The Graph has announced a $205 million ecosystem fund, demonstrating that venture capital firms are still interested in supporting growth funds focused on decentralized applications. Several big names participated in the ecosystem fund, notably Digital Currency Group, Reciprocal Ventures, Multicoin Capital, Gumi Cryptos Capital, […]

JPMorgan, the United States’ largest bank, has entered the Metaverse in a big way, constructing a virtual lounge in the famous blockchain-based world Decentraland while calling the sector a “$1 trillion opportunity.” A roaming tiger and a digitized portrait of JPMorgan CEO Jamie Dimon will greet customers to the lounge, which is located in Decentraland’s Metajuku mall. Players can […]

The renowned Layer-2 scaling solution Polygon (MATIC) and a decentralized data cloud (DDC) platform Cere have joined hands and announced the debut of a joint venture Web3 media platform called DaVinci. Their stated goal is to improve the security of non-fungible token (NFT)-backed assets while also ensuring verifiable and truly decentralized data. DaVinci is a […]

In this industry, it is imperative that the best cryptocurrency exchanges be able to provide some of the most in-demand cryptocurrency assets in an easy to understand fashion. These would hence usually include the likes of Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Litecoin (LTC), and more. Having such a diverse range of digital […]

According to a report published by Bloomberg, crypto lending platform BlockFi has agreed to pay the SEC $50 million and stop opening new accounts of its high yield lending product to most Americans as part of the settlement of an ongoing inquiry into whether the service is a securities offering or not. Existing accounts do not […]

The American crypto exchange platform Coinbase and One River Digital Assessment Management have formed a partnership to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in associated activities. Coinbase claims that the ONE Digital SMA would provide access to “a suite of digital investment strategies and indexes in an […]

McDonald’s, the famed American fast-food chain, appears to be preparing to enter the Metaverse by registering ten trademarks in the virtual world. On February 9, Josh Garben, the trademark attorney and founder of Gerben Intellectual Property, tweeted that McDonald’s has filed a trademark application on February 4 and is planning to operate a digital restaurant featuring actual […]

In a limited trial, Japanese messaging company LINE will soon be offering its users the option to pay with the app’s native token at select online merchants. During a recent announcement, the LINE Corporation said that from March 16, users would be able to pay with native LINK token (LN) at any of LINE Pay’s online […]

The Canadian division of the professional services network KPMG has added Bitcoin (BTC) and Ethereum (ETH) to its company treasury, joining a growing list of prominent organizations that have converted a portion of their fiat holdings to cryptocurrencies. KPMG Canada’s decision to include Bitcoin and Ether on its balance sheet underscores the firm’s opinion that digital assets […]

Polygon, the leading Layer-2 scaling solution, has secured $450 million in a funding round that saw the participation of some of the largest blockchain venture funds, indicating that big investors are interested in supporting Web3 development and its future. This confirms our December 2021 report where we indicated that many Venture Capitalists plan to invest in it. The […]

Merkle Standard, the privately held crypto miner, will be one of the first in the United States to receive Bitmain’s newest mining rig, the S19 Pro+ Hydro, which uses liquid cooling technology and is a dream for many mining companies. Amid the intensive questions asked on the harmful effects, mining has, the new cooling system […]

Mitsui & Co, a Japanese renowned trading company is on track to launch ZipangCoin (ZPG), the country’s first gold-backed stablecoin. As reported by Nikkei Asia, the ZipangCoin is expected to be launched as early as this month, and the coin will be linked to gold prices dominated in the Japanese Yen and sold to retail […]

The Central Bank of Russia (CBR) has issued a license to Atomize LLC, the country’s first recognized digital assets manager. As the apex bank announced, the approval of the company is based on the fact that it met the requirements to operate Digital Financial Services (DFA) in the country based on the technical capabilities of […]