Finance and Business News

Finance and Business News: Latest Updates and Analysis

Stay up-to-date on the latest financial and business developments with our Finance and Business News category. We cover the most popular news related to traditional finance, cryptocurrency, and blockchain technology, as well as insights into global markets, corporate earnings, and business trends. Our comprehensive coverage features analysis, expert opinions, and real-time updates to help you stay informed and make informed investment decisions. From the latest regulatory changes to the impact of global events on financial markets, our Finance and Business News category provides you with the information you need to succeed in the fast-paced world of finance and business.

The world’s largest payment processor VISA Inc., has reportedly forayed deeper into crypto by launching a crypto advisory service for its global client base, including banks and merchants, says CNBC. The news follows amid the growing popularity and adoption of digital assets all over the globe. And also, with the payments giant VISA recently revealing […]

Sequel to earlier reports that the newly appointed OpenSea CFO might be planning an Initial Public Offering (IPO) for the company, some OpenSea users have expressed their displeasure about the news. Matter of fact, many were hoping that an OpenSea token airdrop might be in the offing, which is not an unusual method that crypto […]

The crypto arm of Square (recently rebranded to Block), Spiral, has displayed its Lightning Development Kit (LDK), which promises to boost the Bitcoin network. Jack Dorsey’s Block’s subsidiary Spiral, focused on Bitcoin development, posted a video on Tuesday showcasing the features and capabilities of the Bitcoin Lighting and Lightning Development Kit or LDK.  LDK is developed […]

The Bitcoin ecosystem has grown remarkably over the past year, and Grayscale has put some numbers to this growth through a recently conducted survey. According to a survey of 1000 Americans conducted by the digital currency asset manager, the number of Americans who own Bitcoin has increased to 26% in 2021 from 23% in 2020. […]

Crypto investor and founder and CEO of Ark Invest, Cathie Wood, believes that metaverse is still in its initial days of development and will influence the economy all around the world. While talking to CNBC on Wednesday, Wood agreed that metaverse has the potential to become a multi-trillion dollar market and is gearing up to […]

The Central Bank of Indonesia has announced its intention to use its upcoming central bank digital currency (CBDC) — the digital rupiah, to compete fervently with Bitcoin and other private digital assets. Indonesia believes that in all ramifications, its CBDC would be even more superior than all other private digital assets. Indonesia Initially Planned To […]

Amidst a growing clamor amongst various monetary watchdogs on the creation of a Central Bank Digital Currency (CBDC), the United States Treasury Secretary, Janet Yellen said she has not formed any opinion on whether the US should develop a Digital Dollar yet. Speaking during a Reuters Next conference interview, Yellen noted that a potential move […]

Charlie Munger, the famous billionaire and investment legend, backs China’s crypto crackdown and believes that the current climate on international markets is a bigger concern than the 2000s’ dot-com era. He also called the crypto craze an insane situation. While speaking at the Sohn Hearts and Minds conference, Berkshire Hathaway’s 97-year old chairman said that […]

The environmentally-minded Bitcoin mining firm TeraWulf has raised $200 million in debt and equity financing with the contribution of individual and institutional investors. As per the announcement by the company, it aims to use the funding to achieve mining power of 6 exahash per second by June 2022.  Paul Prager, the chairman and CEO of the […]

South Korean-based Venture Capital firm, Hashed has raised the sum of $200 million to fuel its encompassing investments in Web3.0 related innovations.  South Korea's most famous cryptocurrency venture capital Hashed announced that it has raised US$200 million for its Web3.0 fund. Hashed's early investment success projects include Axie Infinity, The Sandbox, Terra, etc. — Wu […]

Metaverse marketplace and social media giant Meta has announced its expansion in eligibility requirements for running crypto-related advertisements on Facebook, giving companies more scope to market digital products and services. This Wednesday, Meta announced that effective immediately, it recognizes 27 regulatory licenses and approvals from advertisers, an increase from just three previously. This implies that a large […]

Square, the digital payments company, officially announced that it had changed its name to Block, seemingly in a focus shift towards blockchain technology. Square, in a Wednesday tweet, said that the rebrand aims to bring payments firms together with decentralized Bitcoin exchange tbDEX, Cash App, and music and video streaming platform Tidal.  A report from […]

Croatia’s largest supermarket brand, Konzum, has announced it will start accepting a limited number of digital currencies for purchasing across its 12,000 product lines made online. As the company revealed, there are ongoing plans to debut the new payment method in its physical stores, adding that the initiative is the first of its kind in […]

Decentralized Exchange aggregator, 1inch Network has tapped Amber Group as the lead investor in its Series B funding round facilitated through the private sale of its utility token. The funding round was reportedly oversubscribed and it also saw participation from other investors including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and […]

Crypto fan and Twitter CEO Jack Dorsey announced that he has resigned from his position at the social media giant after serving for over six years. Dorsey tweeted this Monday to his 5.9 million followers that he has stepped down as the CEO of Twitter, which was co-founded by him in 2006. He further disclosed […]

Financial investments are the most lucrative way to increase income, but they don’t come without risks. Until recently, term deposits or savings accounts were the go-to options, but lately, alternatives such as crypto coins (Bitcoin, Ethereum) have been considered. Their popularity is proven by the size of their market, which reached $3,000 billions, according to […]

Floki Inu (FLOKI), the Elon Musk-inspired meme token, has signed a sponsorship agreement with 1926 founded S.S.C. Napoli, the famous Italian professional football club.  As per the November 23 announcement by the football club, the Floki Inu logo showing the very popular Shiba Inu dog wearing a Viking helmet will appear on the backside of Napoli’s jerseys. […]

Yield-bearing assets data tracker, Staking Rewards has pulled $3.2 million (CHF 3 million) from industry heavyweights including Galaxy Digital, Digital Currency Group, and CoinShares amongst others. The funding round which was over-subscribed 6x also enjoined participation from 1kx Capital and Sygnal Ventures. Staking services are fast becoming popular in the digital currency ecosystem, and many […]

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