Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency scams are on track to reach an unprecedented $12.4 billion in 2024, with artificial intelligence and sophisticated investment schemes driving the surge, according to new data from blockchain analytics firm Chainalysis.Crypto Investment...
Cryptocoins News / Finance Magnates - 2 months ago
The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today (Monday) that it has taken action against 13 remittance and digital currency exchange providers while investigating more than 50 other such firms.Reporting Failure Leads...
Cryptocoins News / Finance Magnates - 2 months ago
Phoenix Group, the first UAE-listed cryptocurrency mining company, reported mixed financial results for 2024, with strong mining revenue growth contrasting against an overall decline in total revenue and profitability.UAE Bitcoin Miner Sees Mixed Res...
Cryptocoins News / Finance Magnates - 2 months ago
Juventus FC, one of Italy's most iconic football clubs, found an unexpected backer in the cryptocurrency space. Tether, the issuer of the $140 billion stablecoin USDT, has acquired a minority stake in the club, signaling a broader expansion into spo...
Cryptocoins News / Finance Magnates - 2 months ago
Bybit, one of the renowned cryptocurrency exchanges, was removed from the regulatory blacklist of France’s Autorité des Marchés Financiers (AMF). “After more than 2 years of working with the French regulator through multiple remediation efforts, BYBI...
Cryptocoins News / Finance Magnates - 2 months ago
Dogecoin's price movements have been anything but stable, yet there is optimism the meme coin is primed for a major rally. Recent predictions place DOGE's next peak anywhere between $2.20 and $4, with influential traders highlighting the current rang...
Cryptocoins News / Finance Magnates - 2 months ago
Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins. This alert follows the recent partnership between the UAE Ministry of Energy...
Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency exchange Bitget has received regulatory approval to operate as a Virtual Asset Service Provider (VASP) in Bulgaria. The license permits the company to offer trading, custody, and other digital asset services as it prepares for broader...
Cryptocoins News / Finance Magnates - 2 months ago
A federal judge yesterday (Thursday) ordered a hold on the Securities and Exchange Commission’s (SEC) lawsuit against crypto exchange giant Binance for 60 days. The order followed a joint request by both parties.Relying on the Crypto Task ForceIn the...
Cryptocoins News / Finance Magnates - 2 months ago
The crypto bull market of late 2024 propelled Coinbase to a strong fourth quarter, with revenue reaching $2.27 billion. The company also experienced a solid growth in transaction volumes, boosted in part by renewed optimism in the regulatory landscap...
Cryptocoins News / Finance Magnates - 2 months ago
Two Estonian nationals pleaded guilty to running a large-scale cryptocurrency Ponzi scheme. The scheme defrauded hundreds of thousands of people worldwide, including in the United States. The defendants agreed to forfeit more than $400 million in ass...
Cryptocoins News / Finance Magnates - 2 months ago
Binance Coin (BNB) has surged 13% in the past 24 hours, reaching $721 today (Thursday). This strong rally has outpaced the broader crypto market, driven by increasing demand for BNB in memecoin trading and Binance Chain’s latest developments. With Bi...
Cryptocoins News / Finance Magnates - 2 months ago
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw a notable increase on Wednesday as it attempted to rebound from multi-month lows. The price movement followed reports that CBOE and 21Shares plan to introduce staking opt...
Cryptocoins News / Finance Magnates - 2 months ago
Coinbase is in discussions with Indian regulators as it considers reentering the market after halting operations in 2023. The US-based cryptocurrency exchange has engaged with India’s Financial Intelligence Unit (FIU) to explore regulatory compliance...
Cryptocoins News / Finance Magnates - 2 months ago
Riot Platforms, a publicly listed Bitcoin miner from Wall Street (NASDAQ: RIOT), is strengthening its leadership team and accelerating its push into artificial intelligence computing. It has appointed three new board members with extensive data cente...
Cryptocoins News / Finance Magnates - 2 months ago
A hotter-than-expected U.S. inflation report shocked the financial markets today (Wednesday), triggering sharp declines across cryptocurrencies and equities. Bitcoin tumbled below $95,000 following the release of January’s Consumer Price Index (CPI)...
Cryptocoins News / Finance Magnates - 2 months ago
Bitpanda has received approval from the UK’s Financial Conduct Authority (FCA) to expand its cryptocurrency services in the country. The approval allows the Austria-based platform to offer its full range of digital asset products to UK investors.This...
Cryptocoins News / Finance Magnates - 2 months ago
President Donald Trump's cryptocurrency venture, World Liberty Financial (WLFI), announced a major strategic initiative called "Macro Strategy" to establish a token reserve, marking a significant expansion in the digital asset space during his second...
Cryptocoins News / Finance Magnates - 2 months ago
Japanese financial services firm Monex Group Inc. reported a third-quarter net loss of ¥9.9 billion ($67 million), primarily due to one-time expenses related to its cryptocurrency subsidiary Coincheck's Nasdaq listing, even as its core businesses sho...
Cryptocoins News / Finance Magnates - 2 months ago
The publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ: HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of $17.3 million. While the numbers are slightly lower than in the same period a year ag...
Cryptocoins News / Finance Magnates - 2 months ago
American crypto custody platform BitGo is planning to go public with an initial public offering (IPO) by the second half of 2025, Bloomberg reported, citing “people familiar with the matter.” The company is already in talks with potential advisors fo...
Cryptocoins News / Finance Magnates - 2 months ago
Altcoins, particularly Cardano (ADA), have posted impressive gains recently despite Bitcoin struggling to maintain the psychological $100,000. ADA's positive gains were boosted by developments involving exchange-traded funds impacting the altcoins. A...
Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency exchange Gemini, which recently selected Malta as its European hub, has received in-principle approval for an Investment Firm licence from the Malta Financial Services Authority (MFSA).A Pan-European Derivatives LicenceOnce the licence...
Cryptocoins News / Finance Magnates - 2 months ago
The US Securities and Exchange Commission (SEC) and Binance filed a joint motion on February 10 to pause their legal case for 60 days. This motion marks the first pause in major cryptocurrency litigation since Mark Uyeda became the acting SEC chair,...
Cryptocoins News / Finance Magnates - 2 months ago
Two separate digital asset fraud schemes have resulted in the US federal court orders requiring perpetrators to pay over $9.1 million in restitution to defrauded victims, the Commodity Futures Trading Commission (CFTC) announced yesterday (Monday).“M...
