FTX US Signs Agreement with Crypto Lender BlockFi, But There’s a Catch
BlockFi and FTX US share common client protection goals and are delighted to work together.
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Binance Labs Spearheads $3 Million Seed Funding for Magic Square
By Tolu Ajiboye
Binance Labs’ involvement in raising new capital for Magic Square will help the platform grow and also facilitate global Web3 adoption.
El Salvador Spends Over $1.5 Million to Acquire 80 More BTCs
Central American country El Salvador has now almost made a culture out of buying Bitcoin at every possible opportunity.
CFTC Serves Lawsuit Against South African Company Over $1.7B Bitcoin Fraud
By Tolu Ajiboye
In a recent lawsuit, the CFTC has revealed what it considers the single largest Bitcoin fraud case, involving South Africa’s MTI.
Meta Platforms Begins NFT Testing on Facebook
American multinational technology company Meta Platforms has commenced the testing of its Non-Fungible Token on its flagship social media platform Facebook.
OP Crypto to Support Other Crypto VCs with $100 Million Fund
The fund will look to back crypto fund managers with experience in non-fungible tokens (NFTs), gaming, decentralized finance (DeFi), Web3.0 and the metaverse.
Samsung Electronics Commences 3nm Chip Production with GAA Architecture
South Korean multinational electronics corporation, Samsung Electronics has announced it has started the production of its 3nm Chip, a more advanced chip that uses the Gate-All-Around (GAA) transistor architecture.
Decentralized Data Storage Platform Kyve Network Raises $9 Million in Latest Funding
Kyve said that a major part of its funding will be allocated to the expansion of its Web3 data lake. Kyve will also focus on unique use cases and integrations L1 and L2 projects.
FTX Reportedly to Acquire BlockFi for $25M in a Fire Sale
Struggling digital assets lending company, BlockFi may be selling out its remaining assets worth more than $4.5 billion for just $25 million to FTX cryptocurrency exchange.
Coinbase Provides Suite of Forensic Features to ICE
Crypto exchange Coinbase has agreed to sell geo-tracking data to Immigrations and Customs Enforcement (ICE).
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The primary goal of every business is to make a profit. Making profit involves various economic and commercial activities such as operations, investments, financing, etc.
For the most part, a business starts with a business idea (the thought) and a name. Subject to the idea of the business, broad statistical surveying might be important to decide if transforming the thought into a business is plausible, and if the business can convey an incentive to customers. The business name can be one of the most significant resources of a firm; cautious thought should, in this manner, be given while picking a business name. Organizations working under invented names are usually enlisted with the regulatory bodies. The ownership of a business can either be in a sole proprietorship or a form of partnership among shareholders, although most of the top firms in the world today are jointly owned.
Most organizations are usually based on the structure of a strategy for continuous growth and expansion, which is a conventional record itemizing a business’ objectives and targets, and its systems of how it will accomplish the objectives and destinations. Marketable strategies are practically fundamental when getting capital to start business activities.
It is equally essential to decide on the legal framework of a business. Based on the nature of a business, there might be need to obtain suitable grants, stick to staffing prerequisites, and get licenses to lawfully work. In numerous nations, business firms are viewed as a juridical entity, this implies that they can possess property, procure debt, and be charged in the court of law.
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