financial news Archives

June 2, 2023

Inflation Rose by 4.7% from Last Year

Inflation stayed stubbornly high in April, according to a gauge released Friday by the Federal Reserve. The personal consumption expenditures price index, which measures a variety of goods and...

June 2, 2023

China Invests $14M for New Web 3 Technology Project

Recent report shows that China aims to expand research and development in crypto industry despite having banned cryptocurrency trading in 2021. The Beijing Municipal Science and Technology Commission, also...

May 2, 2023

Elon Musk introduces a new way to monetize Twitter content

Tesla CEO Elon Musk revealed that content creators on the social media network can now monetize Twitter by sharing content on the platform with exclusive subscriber, adding to the...

March 6, 2023

Snoop Dogg partners with a new Web 3.0 platform

According to a Cointelegraph post, Snoop Dogg, a famous hip-hop singer and rapper, has partnered with another Web 3.0 project called Shiller. The Shiller platform seems to be a...

March 5, 2023

Bybit exchange cuts off support for wire transfer payments

Bybit, the Dubai-based cryptocurrency exchange, has banned bank transfer deposits of United States dollars (USD) due to service disruptions from a partner. Wire transfer payment method is available only...

March 4, 2023

Can we use metaverse in legal organizations?

It’s no secret that many actual events have undergone digital incarnations or have completely transformed into virtual realities during the past few years. A municipal judge in Colombia recently...

March 2, 2023

Coinbase ends its partnership with the Silvergate Bank

In response to an ongoing inquiry, cryptocurrency exchange Coinbase stated that it had ended its relationship with Silvergate Bank as its U.S. dollar banking partner. Coinbase stated in a...

February 28, 2023

Bank of England Still Not Ready to Issue CBDC

Based on a Cointelegraph post, the UK is not yet ready to create a central bank digital currency (CBDC), according to a deputy governor, since the Bank of England...

February 27, 2023

The IMF agrees with India’s crypto regulation plan

During the most recent G20 summit, the International Monetary Fund and the United States expressed support for India’s proposal to coordinate worldwide crypto regulation. The G20 presidency is presently...

February 26, 2023

FTX Japan reports successful withdrawals from the exchange

Based on a Cointelegraph report, Users of FTX Japan can request withdrawals of all of their monies. At the same time, other clients throughout the world wait patiently for...

February 25, 2023

Microsoft loses interest in the Metaverse development

Back in 2021, when the virtual world and virtual assets were the topics of nine out of ten conversations, Microsoft rushed into Metaverse development and envisioned an eminent bright...

February 23, 2023

Lawyers believe US court will not regulate NFTs as securities

Based on a Cointelegraph post, following a federal judge’s decision to permit a case against Dapper Labs’ NBA Top Shot non-fungible tokens (NFTs as securities) to proceed, the chief...