Cryptocoins News / Finance Magnates - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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...
Cryptocoins News / Finance Magnates - 2 years ago
A former Product Manager at Coinbase, Ishan Wahi and his brother Nikhil Wahi, have settled charges of insider dealing brought against them by the US securities regulator. They both agreed to give up illegal profit gained from their scheme and pay pr...
Cryptocoins News / Finance Magnates - 2 years ago
Tether is investing in renewable energy production in Uruguay for the mining of Bitcoin in the South American country, the company announced on Tuesday. In addition, the issuer of USDT stablecoin is recruiting experts in the energy sector in the regi...
Cryptocoins News / Finance Magnates - 2 years ago
Ahead of Japan's strict crypto monitoring regime starting in June, the cryptocurrency exchange bitFlyer has adopted tougher anti-money laundering (AML) rules for digital asset transactions. The measures are in line with the global financial watchdog...
Cryptocoins News / Finance Magnates - 2 years ago
Australian investors' concerns about the future of their positions have led to Bitcoin (BTC) on Binance Australia being sold at a significant discount compared to competing platforms operating in the country. According to data released on Tuesday, a...
Cryptocoins News / Finance Magnates - 2 years ago
The Russian government has abandoned its plan to establish a national cryptocurrency exchange. Instead, the country now wants to set up rules to regulate cryptocurrency exchanges, according to the local news agency Izvestia, which cited State Duma me...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday said it decided to halt withdrawal in order to aid authorit...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange BKEX has frozen customer withdrawals on its platform to cooperate with a police investigation into alleged money laundering involving its users' funds. On Monday, the exchange said it decided to halt withdrawals in order...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange CoinEX has launched a digital asset trading platform for its users in Hong Kong. Dubbed BitHK, the platform, which seeks to apply for a Virtual Asset Service Provider (VASP) license from the Securities and Futures Commissi...
Cryptocoins News / Finance Magnates - 2 years ago
Bybit, a cryptocurrency derivatives exchange, has been issued an 'in-principle' license by the regulators in Kazakhstan, according to a press release shared with Finance Magnates on Monday.The license, issued by Astana Financial Services Authority (A...
Cryptocoins News / Finance Magnates - 2 years ago
The investment firm Temasek Holdings Pte, which invested $275 million in the cryptocurrency exchange FTX, announced at the beginning of the week that it has reduced the remuneration of the investment team and executive management responsible for th...
Cryptocoins News / Finance Magnates - 2 years ago
OKX, the world’s second-largest crypto exchange by trading volume, published its seventh monthly Proof of Reserves (PoR) report on Monday, showing $10 billion in collateral for Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).OKX Reports Increasing R...
Cryptocoins News / Finance Magnates - 2 years ago
Binance, the leading cryptocurrency exchange and blockchain platform, has announced a significant transition for its Japan-based customers to a new locally compliant platform. Starting from 26 May 2023, residents of Japan are prohibited from creating...
Cryptocoins News / Finance Magnates - 2 years ago
Gulf Binance, a joint venture firm between Binance and Gulf Innova, has obtained a digital asset operator license from Thailand’s Ministry of Finance. Gulf Innova is a subsidiary of Gulf Energy Development which operates the firm’s digital business....
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency exchange Bitfinex never made public a confidential report that found its security lapses responsible for over 119,000 bitcoins stolen from the platform in August 2016, the Organized Crime and Corruption Reporting Project (OCCRP) report...
Cryptocoins News / Finance Magnates - 2 years ago
Two established crypto exchanges, Bitpanda and Coinbase, have entered a mutually beneficial partnership. Coinbase will use Bitpanda Technology Solutions to offer services to institutional clients outside of the United States, while Bitpanda will add...
Cryptocoins News / Finance Magnates - 2 years ago
Earlier in the week, it seemed that the Winklevoss brothers' crypto exchange, Gemini, would move its headquarters to England. On Thursday, Cameron Winklevoss indeed confirmed that due to regulatory turmoil in the US, their platform is seeking a safe...
Cryptocoins News / Finance Magnates - 2 years ago
Digital Currency Group (DCG) will shutter its trade execution and prime brokerage subsidiary, TradeBlock, citing the concerns of the broader economy and regulatory uncertainties in the United States. It will initiate the close-down process on 31 May,...
