News - page 184

Blockchain & Crypto

FTX Users in Japan to Withdraw Funds Starting Feb. 2023

FTX Japan says it is developing a system to resume withdrawals through the website of Liquid Japan, a crypto exchange it acquired earlier this year.

Blockchain & Crypto

China has 1,400 Firms Operating in Blockchain Industry

China and US accumulatively represent a 52% global market share in terms of blockchain enterprises: more than 1,400 blockchain firms are currently based in mainland China

Blockchain & Crypto

India Considers Prohibiting Unbacked Crypto Under G20 Presidency

India is seriously intent on the development of global regulation for unbacked crypto assets, stablecoins and decentralised finance

Science & Technology

Code-Generating AI Assistants Bring Security Vulnerabilities

Computer scientists from Stanford University have discovered that programmers who use help from AI coding tools like GitHub Copilot produce less secure code solutions for the apps they develop

Blockchain & Crypto

Galaxy Digital to Acquire Bitcoin Miner Argo

The troubled Bitcoin miner Argo will avoid bankruptcy as Galaxy Digital has agreed to acquire its mining facility Helios for $65 million

Finance & Economics

Online Retail Remains the Best Choice for Chinese Shoppers Despite Relaxed Covid-19 Restrictions

Most Chinese shoppers are still afraid to go out, believing brick-and-mortar retail outlets are not the safest place, although the government ended most Covid-related restrictions in early December

Finance & Economics

China to Launch State NFT Marketplace

Starting Jan. 1, 2023, China will launch its first state-backed platform for secondary NFT trading

Blockchain & Crypto

Binance Cloud Mining Suffers from Extreme Weather

The severe winter storm in North America completely made Binance shut down its cloud mining products during Dec. 24-26, so users’ subscriptions were extended for three days

Blockchain & Crypto

MicroStrategy to Launch Bitcoin Lightning Solutions

MicroStrategy, known for its massive Bitcoin holdings, plans to build a Lightning Network-based software-as-a-service platform in 2023

Science & Technology

Lyft Stock Lost Three-Quarters of its Valuation This Year

Lyft went public in 2019 at $72 a share, but the stock closed lower than $10 for the first time this year

Reports

Insurtech Market Size to Reach $166.4 Billion by 2030

The insurtech market is projected to grow at 39.1% CAGR between 2022-2030, improving underwriting accuracy and loss prediction

Finance & Economics

Credit Unions Have Most Favourable Interest Rates for Auto Loans

Credit unions charged an average interest rate of 5.94% for used car sales in the third quarter, which is well below the bank’s auto loans interest of 8.36%

Blockchain & Crypto

China’s CBDC Wallet Introduces “Red Packets” Gifts

The “red packets,” called hongbao in China, are traditionally used for monetary gifts around the Chinese New Year and other holidays, now the virtual CBDC can be given as well

Blockchain & Crypto

New Details Revealed in FTX Case

Former FTX chief borrowed hundreds of millions of dollars from Alameda Research to buy his stake in Robinhood, while the same shares were pledged as collateral against Alameda’s loan

Reports

Bitcoin Hodlers Have Record 8M BTC in Unrealised Loss

The amount of Bitcoin held in self-custody continues to increase, hitting record levels. Both short-term and long-term hodlers are holding on more unrealised losses than ever registered in the crypto history

Science & Technology

One Tech Stock That Outperformed Others Revealed

IBM is up 6% in 2022, being one of the two large-cap tech stocks that generated positive returns this year