Cryptocoins News / Finance Magnates - 1 year ago
The bitcoin community has been anticipating the debut of a spot-based Bitcoin Exchange-Traded Fund (ETF). For years, investors have been anticipating the advent of such a financial product, which would allow them to acquire exposure to Bitcoin's pric...
Cryptocoins News / Finance Magnates - 1 year ago
The ongoing legal struggle between the Securities and Exchange Commission (SEC) of the United States and Ripple, the blockchain-based payment network, has piqued the interest of the cryptocurrency and financial services industries. This drawn-out leg...
Cryptocoins News / Finance Magnates - 1 year ago
The field of decentralized finance, or DeFi, has been a hotspot of innovation and opportunity, promising users decentralized, trustless financial services. However, recent legal actions by the Commodity Futures Trading Commission (CFTC) in the United...
Cryptocoins News / Finance Magnates - 1 year ago
In a candid revelation, Ethereum's Co-Founder Vitalik Buterin disclosed that the recent hack of his Twitter account, known as X, was the result of a SIM-swap attack. Speaking on the decentralized social media platform, Farcaster on September 12, Bute...
Cryptocoins News / Finance Magnates - 1 year ago
The Cyprus Securities and Exchange Commission (CySEC) confirmed yesterday (Monday) the deletion of Binance Cyprus Ltd from the Register of Service Providers of Crypto-assets as the company did not provide any services under the Cyprot license for mor...
Cryptocoins News / Finance Magnates - 1 year ago
After launching two funds in April aimed at supporting the development of Web3 and decentralized applications (DApps) with a total value of $300 million, the cryptocurrency exchange, Bitget has introduced another fund called EmpowerX with a capital b...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange platform, Luno will temporarily halt certain clients in the UK from making cryptocurrency investments, effective from October 6. This suspension comes just two days ahead of the UK Financial Conduct Authority's (FCA) new c...
Cryptocoins News / Finance Magnates - 1 year ago
In a significant development involving Celsius, Steve Kokinos, the former CEO of Algorand, is poised to take the reins of the crypto lender in the aftermath of its bankruptcy. This development was disclosed in a filing made on Friday before the US Ba...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX has unveiled assets worth USD $7 billion and billions of dollars in payments made to senior executives, including its Founder, Sam Bankman-Fried. FTX’s financial disclosure, made in a court filing on Monday,...
Cryptocoins News / Finance Magnates - 1 year ago
India is currently in the process of creating a regulatory framework for cryptocurrencies. It is based on recommendations from two significant international organizations, the International Monetary Fund (IMF) and the Financial Stability Board (FSB)....
Cryptocoins News / Finance Magnates - 1 year ago
JPMorgan Chase, one of the largest banks in the United States, is in the early stages of exploring the use of blockchain technology to create a digital deposit token. The token would represent a digital version of deposits that customers hold in thei...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrencies have emerged as a transformational force in the financial world, changing the way we think about money and investing. However, the rapid emergence of cryptocurrencies has necessitated the establishment of precise taxation laws. Gover...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase (Nasdaq: COIN) is limiting its services in India with supposed full or partial termination of its services. The exchange has already suspended new signups for Indian users, redirecting them to download Coinbase Wallet, a self-custody crypto...
Cryptocoins News / Finance Magnates - 1 year ago
FTX is trying to recover the millions of dollars paid to celebrity athletes and sports teams who endorsed the now-bankrupt cryptocurrency exchange before its collapse. It is also reclaiming the investments it made in other companies, including crypto...
Cryptocoins News / Finance Magnates - 1 year ago
In a strategic step to strengthen its operations in blockchain and crypto payments solutions, Ripple has announced its acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies. The partnership targets enterprises in the blockch...
Cryptocoins News / Finance Magnates - 1 year ago
The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies' popularity has grown, so have concerns about their environmental impact. The energy-intensive process of Bitcoin mini...
Cryptocoins News / Finance Magnates - 1 year ago
As the clock ticks toward the implementation of the crypto asset financial promotions regime on October 8, 2023, the UK's Financial Conduct Authority (FCA) has engaged in a diverse range of regulated crypto asset firms to assess their readiness.Accor...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto, darling of the digital realm, has been a wild ride, churning out new millionaires like an assembly line that deals only in zeros and ones. According to the Crypto Wealth Report by London's Henley & Partners, at least 88,200 people can cla...
Cryptocoins News / Finance Magnates - 1 year ago
A court in Turkey has sentenced Faruk Fatih Özer, the Founder of the collapsed Turkish crypto exchange, Thodex, his sister, Serap Özer, and his brother, Güven Özer to 11,196 years, 10 months and 15 days in prison, according to Coindesk. Further, they...
Cryptocoins News / Finance Magnates - 1 year ago
In the cryptocurrency world where quick profits are tempting, scams like the XIRTAM rug pull have left investors vulnerable. However, Binance, a leading crypto exchange in terms of trading volume, is taking steps to enhance user security and transpar...
Cryptocoins News / Finance Magnates - 1 year ago
BME Clearing, the Spanish central counterparty, has obtained regulatory approval to clear Bitcoin and Ethereum futures denominated in USD within the EU regulatory framework. This move introduces a new segment for digital asset derivatives, enhancing...
Cryptocoins News / Finance Magnates - 1 year ago
More than 40% of cryptocurrency users have expressed skepticism about cryptocurrencies due to concerns about their volatility and financial risks, according to a survey by Coincover. Cryptocurrencies have faced various challenges and controversies ov...
Cryptocoins News / Finance Magnates - 1 year ago
More than 40% of cryptocurrency users have expressed skepticism about cryptocurrencies due to concerns about their volatility and financial risks, according to a survey by Coincover. Cryptocurrencies have faced various challenges and controversies ov...
Cryptocoins News / Finance Magnates - 1 year ago
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against three decentralized finance (DeFi) protocols, Opyn, ZeroEx, and Deridex, by filing and settling charges. California-based Opyn and ZeroEx were fined $250,000 and $20...
Cryptocoins News / Finance Magnates - 1 year ago
In a landmark ruling, the Commodities Futures Trading Commission (CFTC) has secured a staggering amount in restitution of USD $1.7 billion from Mirror Trading International. The South African company was allegedly involved in a massive Forex fraud sc...
