Cryptocoins News / Finance Magnates - 6 months ago
India's changing stance on cryptocurrency regulation is drawing international attention. 2024 observed significant advancements in crypto adoption and institutional involvement, and Bitcoin has recently reached a record high of $108,000.A key develop...
Cryptocoins News / Finance Magnates - 6 months ago
Ryan Salame and Caroline Ellison, two former top FTX executives now in prison, have had significant reductions in their sentences, according to the Federal Bureau of Prisons.Reduction in Prison TimeSalame, the former co-CEO of FTX, was sentenced to s...
Cryptocoins News / Finance Magnates - 6 months ago
Russian companies are circumventing Western sanctions by using Bitcoin and other cryptocurrencies to settle international trade, the country’s Finance Minister, Anton Siluanov, confirmed yesterday (Wednesday)."As part of the experimental regime, it i...
Cryptocoins News / Finance Magnates - 6 months ago
SBI VC Trade, a Japanese cryptocurrency exchange owned by SBI Holdings, has confirmed it has finalised an agreement to accept customer accounts and assets from DMM Bitcoin, which faced issues following a cyberattack.The confirmation came after DMM Bi...
Cryptocoins News / Finance Magnates - 6 months ago
Turkey revealed new cryptocurrency regulations in late December 2024, drawing inspiration from international frameworks like Europe’s Markets in Crypto Assets (MiCA). According to a document published on December 25 in the Official Gazette of the Rep...
Cryptocoins News / Finance Magnates - 6 months ago
The number of cryptocurrency investors in South Korea surged to 15.59 million as of November, a rise of 610,000 from the previous month, according to data from the Bank of Korea (BOK) released today (Wednesday). This figure represents approximately 3...
Cryptocoins News / Finance Magnates - 6 months ago
BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw its largest single-day outflow on December 24, with $188.7 million withdrawn, according to CoinGlass data. This exceeded the previous record of $72.7 million in outflows on December 20.Fidelity, ARK Bi...
Cryptocoins News / Finance Magnates - 6 months ago
Bitcoin and meme coins have grabbed headlines in the latest crypto rally. However, one token gained 231% in value over the last 30 days and 813% in the past year. Interestingly, it’s not a meme token but is backed by a crypto exchange – the Bitget to...
Cryptocoins News / Finance Magnates - 6 months ago
Russian authorities approved a list of regions where cryptocurrency mining will be banned starting January 1, 2025. The ban will last for six years, ending on March 15, 2031. This decision was made today (Tuesday).These measures align with cryptocurr...
Cryptocoins News / Finance Magnates - 6 months ago
Gate.io and the Financial Services Agency of Japan (FSA) announced that Gate Group has acquired all shares of Coin Master Co., Ltd, a Japanese cryptocurrency service provider. The acquisition was executed through Gate Japan K.K., a Singaporean entity...
Cryptocoins News / Finance Magnates - 6 months ago
“The cryptocurrency industry is not ready for MiCA,” Delphine Forma, Head of UK and EU Policy at Solidus Labs, said while speaking to Finance Magnates' Jonathan Fine at FMLS:24. She elaborated on the various challenges and implications of crypto regu...
Cryptocoins News / Finance Magnates - 6 months ago
The cryptocurrency market's hopes for a traditional year-end surge are fading as Bitcoin (BTC) tumbled to its lowest level since late November, marking a significant retreat from its recent record highs. This also negatively affects the altcoin marke...
Cryptocoins News / Finance Magnates - 6 months ago
A surge in Gen Z crypto investors has taken the market by storm, and the catalyst may just be political. Following Donald Trump’s election win in November 2024, the U.S. president-elect’s pro-crypto stance sparked significant interest among younger g...
Cryptocoins News / Finance Magnates - 6 months ago
Ripple's XRP is facing downward pressure, with the price falling in the past day and week. According to CoinMarketCap, the token dropped 3% and 12% in the daily and weekly charts, respectively. XRP's price decline reflects a broader price correction...
Cryptocoins News / Finance Magnates - 6 months ago
MicroStrategy, the largest corporate holder of Bitcoin, has acquired an additional 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin. This purchase brings the company’s total holdings to 444,262 BTC, with an average cost of...
Cryptocoins News / Finance Magnates - 6 months ago
Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, dug into the growing crypto market structure and institutional adoption in an interview with Finance Magnates' Jonathan Fine at the Finance Magnates London Summit 2024 (FMLS:24). His insight...
Cryptocoins News / Finance Magnates - 6 months ago
Dogecoin, after peaking at $0.48, has faced a significant downturn, losing nearly 25% of its value over the past seven days amid broader cryptocurrency price corrections. Meanwhile, the network suffered a technical setback as a vulnerability, exploit...
Cryptocoins News / Finance Magnates - 6 months ago
The Securities and Exchange Commission (SEC) has fined Tai Mo Shan Limited $123 million for reportedly misleading investors about the stability of the Terra USD (UST) stablecoin and conducting unregistered securities transactions involving LUNA crypt...
Cryptocoins News / Finance Magnates - 6 months ago
The crypto market experienced a significant sell-off today, with Bitcoin (BTC) dropping notably below $94,000. Along with BTC, major altcoin prices are also declining, and the total cryptocurrency market capitalization has fallen to $3.3T, marking th...
Cryptocoins News / Finance Magnates - 6 months ago
In physics, Newton’s Laws of Motion dictate the outcome of two moving objects colliding. Different factors such as mass and speed make calculating the impact of, say, a linebacker tackling a wide receiver in the open field relatively predictable.In s...
Cryptocoins News / Finance Magnates - 6 months ago
2024 has been one of the most positively eventful ever in the history of crypto, with three key occurrences that are likely to be remembered as particularly significant. First, the launch of spot Bitcoin ETFs back in January, followed also by spot ET...
Cryptocoins News / Finance Magnates - 6 months ago
The cryptocurrency market is facing a tough week, with Dogecoin taking the brunt of the losses. Dropping 11% in just 24 hours, the meme-coin's sharp decline is part of a broader sell-off that has seen Bitcoin, Ethereum, and other major coins struggle...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase has issued a formal response to a lawsuit filed by BiT Global, a company tied to Justin Sun. The dispute arose after Coinbase announced it would delist wrapped Bitcoin (wBTC) from its platform on December 19. BiT Global alleges that the deli...
Cryptocoins News / Finance Magnates - 6 months ago
Ripple’s XRP dropped nearly 10% in the past day as the crypto market faced downward pressure. This downtrend, which has wiped 7% off the global market cap, followed a federal reserve rate cut and a significant outflow from Bitcoin-focused ETFs. The F...
Cryptocoins News / Finance Magnates - 6 months ago
Crypto.com has extended its partnership with Formula 1 through 2030, building on their 2021 collaboration to enhance mutual growth and value. This renewed deal comes as the cryptocurrency market remains volatile, with Bitcoin's price dipping below $1...
