Cryptocoins News / Finance Magnates - 1 year ago
Investors are pulling out their funds from Binance following the US securities regulator’s lawsuit against the top cryptocurrency exchange for alleged multiple violation of federal securities laws. The Securities and Exchange Commission (SEC) in a co...
Cryptocoins News / Finance Magnates - 1 year ago
The lawsuit against Binance and its CEO yesterday (Monday) has brought havoc to the cryptocurrency industry. The market prices of Bitcoin and also the publicly listed shares of crypto companies plummeted significantly. The civil changes brought by th...
Cryptocoins News / Finance Magnates - 1 year ago
OKX, the world's second-largest crypto exchange, has announced its integration with Komainu Connect, a collateral management platform. This partnership will allow institutional customers to execute secure, around-the-clock trading of segregated asset...
Cryptocoins News / Finance Magnates - 1 year ago
Argo Blockchain (LSE: ARB; NASDAQ: ARBK), a major cryptocurrency mining company, recently shared its unaudited financial results for Q1 2023. Although the report showed notable improvements in revenue, cash reserves, and cost reductions, the company...
Cryptocoins News / Finance Magnates - 1 year ago
A court in Montenegro has once again granted bail to Do Kwon, the disgraced Co-Founder of Terraform Labs who was accused of fraud in South Korea and the US, after an appeal by the local prosecutors fell through. In an announcement made on Friday, the...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has filed 13 charges against the cryptocurrency exchange, Binance, two affiliated entities and the Founder/CEO Changpeng Zhao. The US securities watchdog accused Binance and Zhao of operating illegal tradi...
Cryptocoins News / Finance Magnates - 1 year ago
A group of United Kingdom lawmakers has recommended that the government expedite the introduction of crypto regulations. The All Party Parliamentary Group (APPG) for Crypto and Digital Assets Group wants the appointment of a dedicated official to ove...
Cryptocoins News / Finance Magnates - 1 year ago
Atomic Wallet suffered a security breach, resulting in the theft of $35 million in various cryptocurrencies. The siphoning of funds started on June 2, and according to Atomic Wallet developers, less than one percent of its monthly active users were a...
Cryptocoins News / Finance Magnates - 1 year ago
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country's central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment in...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures cont...
Cryptocoins News / Finance Magnates - 1 year ago
The Twitter account of Mira Murati, the Chief Technology Officer of OpenAI, was recently hacked, promoting a 'scam' cryptocurrency airdrop. The ‘scam’ tweet was live for an hour and has now been taken down. Scammers Becoming Sophisticated Murati’s Tw...
Cryptocoins News / Finance Magnates - 1 year ago
A group of investors in a class action suit have accused Elon Musk, Tesla and SpaceX's CEO, of adopting several manipulative techniques to influence the price of Dogecoin in order to trade at a profit at their expense, Reuters reported on Thursday. T...
Cryptocoins News / Finance Magnates - 1 year ago
Binance has halted all trading of the Australian Dollar today (June 1) for its users in Australia, two weeks after announcing the intention to suspend the service. The crypto exchange said on Twitter that it was still trying to find an alternative pa...
Cryptocoins News / Finance Magnates - 1 year ago
Hong Kong rolled out new rules on Thursday to guide the cryptocurrency industry in the Chinese special administrative region. Crypto exchanges operating in the jurisdiction are now required to get licensed to offer their services to retail traders.Ho...
Cryptocoins News / Finance Magnates - 1 year ago
The topic of regulating and overseeing cryptocurrency has gained momentum in American politics for multiple reasons. There is a rising apprehension about the use of cryptocurrency for unlawful activities, such as money laundering, terrorism financing...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrency exchanges are running after licenses as Crypto.com became the latest to receive a license in Singapore, while Winklevoss twins’ Gemini is seeking to apply for one in the United Arab Emirates. Crypto.com Cements Singapore PresenceCrypto...
Cryptocoins News / Finance Magnates - 1 year ago
American investment bank TD Cowen has closed down its cryptocurrency unit, Cowen Digital, today (Thursday), just over a year after its launch, without providing any proper explanation. Another Institutional Crypto Platform Is Closed "Today will be th...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, the largest cryptocurrency exchange by trading volume, is evaluating its headcount, the company said on Wednesday, dispelling rumours that it was laying off employees to cut costs."Binance is not cutting 20% of employees as a cost-cutting me...
Cryptocoins News / Finance Magnates - 1 year ago
US prosecutors in court documents, which were filed on Monday, opposed pre-trial motions filed by FTX's Co-Founder Sam Bankman-Fried’s lawyers to dismiss a number of the 13 charges against him. In one of the filings, the prosecutors said the motions...
Cryptocoins News / Finance Magnates - 1 year ago
The total assets under management (AUM) for crypto investment products declined for the first time this year during this month (May), shedding 8.92% to reach $30.6 billion. On the contrary, investment surged by over 55.5% on a year-to-date (YTD) basi...
Cryptocoins News / Finance Magnates - 1 year ago
The team behind CNHC Group, the issuer of CNHC, a stablecoin pegged to the offshore yuan, and HKDC, one tied to the Hong Kong dollar, was arrested in Shanghai, according to a local news outlet, PANews. CNHC Group has been renamed to Trust Reserve.The...
Cryptocoins News / Finance Magnates - 1 year ago
The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance covering the dealings with virtual assets, including cryptocurrencies and non-fungible tokens (NFTs). UAE’s New Virtual Assets Guidance The new guideli...
Cryptocoins News / Finance Magnates - 1 year ago
Nansen, a blockchain analytics platform, has announced a significant restructuring plan, which includes reducing its staff by 30%. The company's Chief Executive Officer (CEO), Alex Svanevik, revealed the news in a memo shared via social media, expres...
Cryptocoins News / Finance Magnates - 1 year ago
Bybit has become the latest cryptocurrency exchange to announce its exit from the Canadian market due to the country's recent regulatory requirements for the industry. The exchange's exit will be made in phases, starting today (Wednesday). "It has al...
Cryptocoins News / Finance Magnates - 1 year ago
Bybit has become the latest cryptocurrency exchange to announce its exit from the Canadian market due to the country's recent regulatory requirements for the industry. The exchange's exit will be in phases, starting today (Wednesday). "It has always...
