Cryptocoins News / Finance Magnates - 1 year ago
GCEX, a digital prime brokerage, has expanded its partnership with Hex Trust, an institutional custodian for cryptocurrencies. The announcement follows the companies' initial venture into staking services in April 2023.Now, their relationship includ...
Cryptocoins News / Finance Magnates - 1 year ago
The Singapore subsidiary of Sygnum, a digital asset bank, has become the latest to obtain in-principal approval for a Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS). Sygnum Gains In-Principal Singapore License...
Cryptocoins News / Finance Magnates - 1 year ago
Nigeria's financial regulator has ordered Binance to halt its services in the country saying the exchange was neither registered nor regulated. In a circular issued on June 9, the Securities and Exchange Commission (SEC) in Nigeria termed the exchang...
Cryptocoins News / Finance Magnates - 1 year ago
A US court permitted now-bankrupt crypto exchange FTX to permanently remove individual customer names from all bankruptcy filings to avoid scams and identity theft risks. Protecting FTX Customers from Scams "It is the customers who are the most impor...
Cryptocoins News / Finance Magnates - 1 year ago
US prosecutors have fingered two Russian nationals as the masterminds behind the 2011 hack of Mt. Gox, the largest Bitcoin (BTC) exchange in the world at the time. The Department of Justice (DOJ) in an indictment unsealed on Friday charged Alexey Bil...
Cryptocoins News / Finance Magnates - 1 year ago
Robinhood is delisting three commonly traded cryptocurrencies, Cardano (ADA), Solana (SOL), and Polygon (MATIC), which were recently identified as securities by the Securities and Exchange Commission (SEC) in lawsuits against top cryptocurrency exch...
Cryptocoins News / Finance Magnates - 1 year ago
Earlier this week, the US Securities and Exchange Commission (SEC) brought simultaneous lawsuits against two leading cryptocurrency exchanges, Binance and Coinbase. Utilising their influence, both exchanges decided to fight the legal battle. Lawsuits...
Cryptocoins News / Finance Magnates - 1 year ago
The movement of funds between nations, or cross-border remittances, is essential to the world economy. Traditional remittance options can include high costs and protracted transaction delays. However, the emergence of cryptocurrency has brought about...
Cryptocoins News / Finance Magnates - 1 year ago
Binance.US announced today (on Tuesday) the suspension of USD deposits and indirectly urged users to withdraw their fiat deposits from the platform. The banking partners of the exchange will pause fiat withdrawal services by June 13. Binance.US Faces...
Cryptocoins News / Finance Magnates - 1 year ago
Two US lawmakers have asked the Department of Justice to look into whether Binance made false representations to lawmakers earlier in March about its business dealings and ties to its local unit, Bloomberg reported on Thursday. Senators Elizabeth War...
Cryptocoins News / Finance Magnates - 1 year ago
The United States has objected to a proposal by the cryptocurrency exchange Bittrex to return customer cash and cryptocurrency as part of a process to wind down its operations in the country. Bittrex’s US arm filed for bankruptcy protection in May we...
Cryptocoins News / Finance Magnates - 1 year ago
The European Consumer Organization (BEUC) has filed a complaint with the European Commission and consumer authorities against Instagram, YouTube, TikTok, and Twitter, for facilitating 'misleading' promotion of cryptocurrencies.In a report dubbed 'Hyp...
Cryptocoins News / Finance Magnates - 1 year ago
In a proactive move to enhance customer safety, the Commonwealth Bank (CBA) today (Thursday) announced it has implemented new measures aimed at protecting customers from fraudulent activities tied to cryptocurrency exchanges.In practice, this means t...
Cryptocoins News / Finance Magnates - 1 year ago
Brian Armstrong, the CEO of Coinbase, hit back at the Securities and Exchange Commission (SEC) yesterday (Wednesday) following the agency’s lawsuit against the exchange, calling its Chair, Gary Gensler an “outlier.” Coinbase's CEO Attacks SEC's Chair...
Cryptocoins News / Finance Magnates - 1 year ago
Binance.US, the US affiliate of the largest global crypto exchange by trading volume, indefinitely suspended its over-the-counter (OTC) trading platform following the crackdown against it by the US securities regulator. Binance Suspends OTC Trading “...
Cryptocoins News / Finance Magnates - 1 year ago
The UK Financial Conduct Authority (FCA) is finalizing regulations around cryptocurrency marketing and advertising in the country, which are set to take effect from October 8. These proposed rules were reported as the number of crypto holders in the...
Cryptocoins News / Finance Magnates - 1 year ago
The volume of cryptocurrency spot trading on centralized exchanges (CEXs) plunged 21.8% in May to $495 billion, marking the lowest monthly trading volume since March 2019. Also, derivatives trading volumes slumped 15.7% to $1.95 trillion, which is th...
Cryptocoins News / Finance Magnates - 1 year ago
The Philippines may have to wait longer to have proper cryptocurrency regulations after the country's financial regulator postponed the release of a legal framework for the industry.According to a local media report, Emilio Aquino, the Chairman of th...
Cryptocoins News / Finance Magnates - 1 year ago
In the past, cryptocurrency mining has depended on the power-hungry Proof-of-Work (PoW) consensus process. Alternative mining techniques, on the other hand, that offer scalability, energy efficiency, and minimal environmental impact, have recently at...
Cryptocoins News / Finance Magnates - 1 year ago
Just one day after the Security and Exchange Commission (SEC) made it known that it was suing the world’s largest crypto exchange Binance, along with its CEO Changpeng Zhao, the regulation agency then went on to sue the largest crypto exchange in the...
Cryptocoins News / Finance Magnates - 1 year ago
Memes are common in the cryptocurrency realm, and the emergence of meme currencies has drawn major attention and spurred heated discussions. Within the crypto community and beyond, arguments have centered on two well-known examples: Dogecoin and Shib...
Cryptocoins News / Finance Magnates - 1 year ago
LMAX Digital, a pioneer in the institutional adoption of cryptos and an integral part of the LMAX Group, is celebrating its fifth year of operation. Since its launch in 2018, LMAX Digital has set new standards in the digital assets ecosystem and emer...
Cryptocoins News / Finance Magnates - 1 year ago
The Financial Services Commission (FSC) of South Korea has decided to track the ongoing legal action against Binance closely. According to the local magazine NewsPim, it may cause a delay in the approval of the cryptocurrency exchange's acquisition o...
Cryptocoins News / Finance Magnates - 1 year ago
Robinhood Markets (Nasdaq: HOOD) is cautious after the US securities regulator's lawsuit against Binance and Coinbase, as it is looking into its cryptocurrency offerings, the broker's Chief Legal and Corporate Affairs Officer, Dan Gallagher, confirme...
Cryptocoins News / Finance Magnates - 1 year ago
Argo Blockchain plc, a major player in the global cryptocurrency mining sector, has provided an operational update for May 2023, showing a rising number of produced cryptocurrencies. The company, listed on both the London Stock Exchange (LSE: ARB) an...
