Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy

  • Post category:Finance

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.The Swedish battery maker Northvolt, once seen as Europe’s strongest competitor to Chinese battery manufacturers, filed for bankruptcy protection in the United States on Thursday.The…

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U.S. SEC Loses Crypto Lawsuit Over ‘Dealer’ Definition That Pushed Into Crypto

The U.S. District Court for the Northern District of Texas has ordered the Securities and Exchange Commission to throw out its so-called "dealer" rule, finalized in February. Crypto industry groups had sued the agency, arguing its rule marked an inappropriate stretch…

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Payments Giant Stripe Brings Crypto Services to Aptos as Circle’s USDC Stablecoin Launch on the Network

Payments firm Stripe is expanding its crypto products to layer-1 blockchain Aptos (APT) and stablecoin issuer Circle plans to bring its flagship stablecoin, USDC, to the network, ecosystem development organization Aptos Foundation told CoinDesk on Thursday. Until now, USDC has been…

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CoinDesk 20 Performance Update: BCH Gains 13.1%, Leading Index Higher from Wednesday

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3081.58, up 4.8% (+141.11) since 4 pm on Wednesday. Seventeen of 20 assets are trading…

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Mastercard and JPMorgan Link Up to Bring Foreign Exchange on the Blockchain

The collaboration is to enhance B2B cross border payments “providing greater transparency and faster settlement as well as reducing time zone friction.” By integrating Mastercard MTN's connectivity with Kinexys Digital Payments, mutual customers of MTN and Kinexys will be able to…

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First Mover Americas: Bitcoin at $100K Sounds Nice, but Expect Pullback

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Ether ETFs Saw Biggest Outflows Since July Bitcoin Breaks $64K While…

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Sui Network Back Up After Scheduling Bug Leads to Two-Hour Downtime; SUI Recovers

Sui Network (SUI), a relatively new blockchain, experienced an unexpected two-hour outage on Thursday. Sui's downtime was caused by a bug in its transaction scheduling logic, which led to its validator network crashing. The issue has now been resolved, the network…

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Futures Open Interest on CME Surpasses 215K Bitcoin for the First Time as BTC Eyes $100K

Bitcoin futures open interest on the CME exchange has hit 218,000 BTC ($21.3 billion). The cryptocurrency's market cap is closing in on a historic $2 trillion. CME growth is largely coming from active and direct participants, K33 research says. Bitcoin Breaks…

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Chillguy Creator Threatens Legal Action as Crypto Trenches Scour TikTok

Phillip Banks, the creator of the "Chill Guy" meme, said he's copyrighted the character and plans to issue takedown notices for any for-profit use. Notable figures in the crypto community responded by humorously suggesting Banks accepts tokens or money through a…

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BitGo Launches Singapore Services, Eyes Other Crypto-Friendly Regions in Asia

US digital asset infrastructure provider BitGo has officially launched BitGo Singapore. Although the company has operated in the city for several years, it will now offer a wider range of services for institutions. It follows the Monetary Authority of Singapore issuing…

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