Cryptocoins News / Finance Magnates - 2 years ago
The energy industry is not an exception to how blockchain technology has emerged as a game-changer in different industries. Blockchain technology offers creative approaches to encourage transparency, efficiency, and decentralized energy systems in re...
Cryptocoins News / Finance Magnates - 2 years ago
Celsius Network, the digital asset lender that filed for bankruptcy protection in July last year, has selected Fahrenheit’s bid to restart the business under a new name, NewCo. Fahrenheit is a group of investors that includes Bitcoin mining company,...
Cryptocoins News / Finance Magnates - 2 years ago
The San Francisco-based blockchain company, Ripple has taken an undisclosed minority stake in the cryptocurrency exchange, Bitstamp in the first quarter of this year, according to the latest transcript of Galaxy Digital’s shareholder conference call....
Cryptocoins News / Finance Magnates - 2 years ago
Cameron and Tyler Winklevoss, billionaire twins known for alleging that Mark Zuckerberg stole their idea for the creation of Facebook, are planning to move their cryptocurrency business from the United States to another location. Citing 'hostile' con...
Cryptocoins News / Finance Magnates - 2 years ago
Canada has the highest percentage of Gen Z investors according to a new study by the Financial Industry Regulatory Authority (FINRA), a US private brokerage industry regulator. The watchdog said nearly three-quarters or 74% of Gen-Zers based in Canad...
Cryptocoins News / Finance Magnates - 2 years ago
Fusion Digital Assets, TP ICAP’s crypto spot exchange for institutional investors initially planned for launch in mid-2021, has finally gone live. The platform has successfully completed its first Bitcoin/US dollar trading pair transaction, the top i...
Cryptocoins News / Finance Magnates - 2 years ago
In the second part of our two-part article on crypto market structures, Finance Magnates considers the likelihood of the crypto market eventually adopting the same structures as the FX OTC interdealer market. The phrase ‘there is more that unites us...
Cryptocoins News / Finance Magnates - 2 years ago
Japan will enforce stricter anti-money laundering (AML) measures to trace cryptocurrency transactions. The country’s cabinet has already approved the laws, which will become effective on 1 June, local Kyodo News reported. Japan’s New Crypto Rules The...
Cryptocoins News / Finance Magnates - 2 years ago
Binance, the largest cryptocurrency exchange by trading volume, mixed up customer funds with company revenue between 2020 and 2021, Reuters reported on Tuesday, citing “three sources familiar with the matter.” The act violates the US financial laws t...
Cryptocoins News / Finance Magnates - 2 years ago
The International Organization of Securities Commissions (IOSCO), a global body for securities regulators, has put forward 18 recommendations to regulate the global crypto industry. The recommendations cover six key areas such as market manipulat...
Cryptocoins News / Finance Magnates - 2 years ago
South Korea’s ruling party, the People’s Power Party is seeking to move up the enforcement date for December to a new bill that will require lawmakers in the country to declare their cryptocurrency holdings. Application of the new bill is expected t...
Cryptocoins News / Finance Magnates - 2 years ago
Over a month after gaining a virtual asset service provider registration in Lithuania, crypto exchange and copy trading platform Bitget has secured a similar registration in Poland. Bitget is aiming to provide “a more secure and transparent trading...
Cryptocoins News / Finance Magnates - 2 years ago
OKX has the latest cryptocurrency exchange to apply for a French digital asset service provider (DASP) license, aiming to make the country its regional hub. OKX’s New European Hub The application came after OKX, the second-largest cryptocurrency exch...
Cryptocoins News / Finance Magnates - 2 years ago
The Philippines’ Securities and Exchange Commission (SEC) has issued a warning against the crypto derivatives platform launched last month by Winklevoss twins-controlled Gemini Trust. An Unregistered Crypto Derivatives Platform According to the regul...
Cryptocoins News / Finance Magnates - 2 years ago
The Securities Commission Malaysia (SC) has ordered cryptocurrency exchange Huobi Global to cease operating in the country, noting that the platform possesses no requisite authorization or registration. Additionally, the securities regulator asked th...
Cryptocoins News / Finance Magnates - 2 years ago
In an ongoing probe into Rep. Kim Nam-kuk's questionable cryptocurrency transactions, prosecutors conducted a raid on Monday at the offices of Ozys PTE Ltd., the operator of the cryptocurrency platform Klayswap, located in Seoul's Yeouido district.Of...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency derivatives exchange, BitMEX from May 29, 2023, will end its Hong Kong-based users’ access to its website and application programming interface (API) connections as provided by HDR Global Trading Limited, the operator of BitMEX. In...
Cryptocoins News / Finance Magnates - 2 years ago
Regulatory concerns are a growing issue in the cryptocurrency industry, and the gaps that are opening up between different global regions are impossible to ignore. In the EU, this week saw MiCA regulations signed off, with the rules expected to come...
Cryptocoins News / Finance Magnates - 2 years ago
Binance Australia has provided an update on its ongoing local payments situation, confirming that AUD withdrawals via bank transfers will be allowed until 1 June 5 pm (AEST). Binance Australia Looks for a New Payments Partner Meanwhile, the Australia...
Cryptocoins News / Finance Magnates - 2 years ago
Miami International Holdings (MIH), a US-based exchange conglomerate, has finalized its $50 million acquisition of LedgerX from the bankrupt cryptocurrency exchange FTX and its debtors. LedgerX, one of the few solvent subsidiaries of the Founder of F...
Cryptocoins News / Finance Magnates - 2 years ago
US prosecutors have filed a lawsuit against a new suspect, Bryan Lee, 57, for his alleged involvement in ‘CoinDeal’, a fraudulent investment scheme that raised $45 million by selling unregistered securities. Neil Chandran, the mastermind behind the s...
Cryptocoins News / Finance Magnates - 2 years ago
The Bank of Korea (BOK) released a report on Thursday emphasizing the importance of introducing a comparable level of regulation that binds traditional banks into the cryptocurrency market. In addition, the central bank highlighted the potential risk...
Cryptocoins News / Finance Magnates - 2 years ago
On Friday, a delegation of lawmakers from South Korea's ruling People Power Party (PPP) conducted a visit to the office of Wemade, the issuer of play-to-earn (P2E) cryptocurrency, Wemix. The visit is part of an ongoing investigation into the crypto h...
Cryptocoins News / Finance Magnates - 2 years ago
Australian stock market operator, ASX, has abandoned its ambitious project to replace the legacy clearing and settlements system, CHESS, with a blockchain technology-based platform. CHESS Is a 30-Year Old System The decision to completely abandon the...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase (Nasdaq: COIN) has rolled out a zero-fee subscription service, Coinbase One, allowing users to trade cryptocurrency at a zero fee and receive higher staking rewards. A Subscription Model of Coinbase The $29.99-a-month service has been opened...
