Cryptocoins News / Finance Magnates - 9 months ago
Marathon Digital Holdings, Inc., the largest Bitcoin mining company by market capitalization, has been ordered to pay $138 million in damages following a unanimous jury verdict in a breach of contract lawsuit.Marathon Digital Hit with $138 Million Ve...
Cryptocoins News / Finance Magnates - 9 months ago
The Securities and Exchange Commission (SEC) has provided final approval to spot Ethereum exchange-traded funds (ETFs), which will follow the listing and trading of these instruments on three American exchanges on July 23.SEC Approves Ether ETFThe fi...
Cryptocoins News / Finance Magnates - 9 months ago
The defunct cryptocurrency exchange Mt. Gox is preparing to repay its creditors through the Bitstamp exchange, Cointelegraph reported, citing recent on-chain activities. The cryptocurrency exchange has reportedly executed test transactions that hint...
Cryptocoins News / Finance Magnates - 9 months ago
After collaborating with legal departments of the world's largest investment banks, Daniel Lo has just joined the Acheron Trading team. As Finance Magnates exclusively learned, the expert with over 12 years of experience in financial law has become t...
Cryptocoins News / Finance Magnates - 9 months ago
After collaborating with legal departments of the world's largest investment banks, Daniel Lo has just joined the Acheron Trading team. As Finance Magnates exclusively learned, the expert with over 12 years of experience in financial law has become t...
Cryptocoins News / Finance Magnates - 9 months ago
The use of cryptocurrencies in various criminal activities has become increasingly prevalent, according to Europol's latest Internet Organised Crime Threat Assessment (IOCTA) report released today (Monday). The European Union's law enforcement agency...
Cryptocoins News / Finance Magnates - 9 months ago
On Sunday evening, US President Joseph Biden announced his not-so-surprising exit from the 2024 Presidential race, saying it was in “the best interest of [his] party and the country.” He also endorsed Vice President Kamala Harris's bid to run against...
Cryptocoins News / Finance Magnates - 9 months ago
Cryptocurrency exchange OKX is discontinuing its services in Nigeria due to what it termed as changes in local regulations, Cointelegraph reported, citing emails sent to users. This surprise announcement followed months of gradual service reduction,...
Cryptocoins News / Finance Magnates - 9 months ago
Cryptocurrency exchange Kraken has expanded its custody services to institutional clients in the UK and Australia. This step reportedly marks the first international expansion of the service following its launch in the US as a solution for digital as...
Cryptocoins News / Finance Magnates - 9 months ago
Europe's leading derivatives exchange, is set to broaden its cryptocurrency offerings with the introduction of FTSE Ethereum Index Futures and Options on August 12, 2024. This move follows the successful launch of Bitcoin derivatives on Eurex in 2023...
Cryptocoins News / Finance Magnates - 9 months ago
Today (Thursday), Cyvers Alert, a Web3 security firm, announced the detection of multiple suspicious transactions involving WazirX’s Safe Multisig wallet on Ethereum. The firm identified that $234.9 million in funds from the wallet were transferred t...
Cryptocoins News / Finance Magnates - 9 months ago
Hong Kong's move to regulate stablecoin issuers signals a significant shift in its financial oversight landscape. By implementing a robust framework, the city aims to safeguard monetary and financial stability amid the rapid rise of virtual assets (V...
Cryptocoins News / Finance Magnates - 9 months ago
The Financial Conduct Authority (FCA) has significantly expanded its cryptocurrency workforce to over 100 staff members, yet its policy team remains understaffed, according to data obtained by blockchain finance provider Quant through a Freedom of In...
Cryptocoins News / Finance Magnates - 9 months ago
The over-the-counter (OTC) institutional cryptocurrency market experienced a significant uptick in the first half of 2024, with total spot transaction volumes soaring 95% year-over-year.Institutional Crypto Trading Surges in First Half of 2024, Repor...
Cryptocoins News / Finance Magnates - 9 months ago
FTX, a bankrupt cryptocurrency exchange, and the United States Commodities Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement. This agreement resolves a 19-month lawsuit. The settlement follows months of negotiations and now...
Cryptocoins News / Finance Magnates - 9 months ago
Standard Chartered-backed Zodia Markets has agreed to acquire Elwood Capital Management Ltd (ECML), the digital asset over-the-counter (OTC) trading business of Elwood Technologies, in a deal announced today (Wednesday). The acquisition, set to be co...
Cryptocoins News / Finance Magnates - 9 months ago
A Nigerian court has postponed a money laundering trial against Binance and two of its executives, Reuters reported. The judge cited unresolved issues over medical documentation for one of the defendants. The trial, involving allegations of launderin...
Cryptocoins News / Finance Magnates - 9 months ago
In a strategic move influenced by upcoming general elections, South Korea has decided to delay the implementation of taxes on cryptocurrency gains until 2028. Initially, the government planned to impose a 20% tax on profits from crypto investments ex...
Cryptocoins News / Finance Magnates - 9 months ago
Tottenham Hotspur has announced a global brand partnership with Kraken, set to begin ahead of the 2024/25 season. Kraken will serve as the Club’s first Official Crypto and Web3 Partner. Additionally, it will be the Official Sleeve Partner for both th...
Cryptocoins News / Finance Magnates - 9 months ago
Wintermute integrates crypto liquidity into oneZero's EcoSystem, expanding its reach in traditional finance (TradFi). The move allows banks and institutions to access over 350 crypto trading pairs with advanced features.Crypto Liquidity Provider Wint...
Cryptocoins News / Finance Magnates - 9 months ago
The United States Securities and Exchange Commission (SEC) has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds (ETFs). This development has increased speculation that the ETFs will b...
Cryptocoins News / Finance Magnates - 9 months ago
South Korean cryptocurrency exchanges are racing to implement new monitoring systems as the country's first comprehensive law on virtual asset user protection is set to take effect this Friday, July 19. The Virtual Asset User Protection Act (VAUPA) i...
Cryptocoins News / Finance Magnates - 9 months ago
Two months after pleading guilty, BitConnect’s national promoter in Australia, John Bigatton, was convicted by the court for providing unlicensed financial advice. He was subsequently released on a recognisance of good behaviour for three years.The A...
Cryptocoins News / Finance Magnates - 10 months ago
Binance has been scheduled to face tax evasion charges in Nigeria on October 11, Reuters reported. This marks a significant legal battle for the cryptocurrency giant accused of failing to register with Nigeria's Federal Inland Revenue Service for ta...
Cryptocoins News / Finance Magnates - 10 months ago
Nuvei Corporation, a Canadian fintech company, announced a partnership with Mastercard today. This partnership will launch a new off-ramping solution in Europe. The solution allows consumers to convert their digital assets, including cryptocurrencies...
