Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX has sued its Founder and former Chief Executive Officer Sam Bankman-Fried in an attempt to recover USD $1 billion. The funds are part of a larger sum of money allegedly misappropriated prior to the collapse...
Cryptocoins News / Finance Magnates - 1 year ago
Old-school robbers are taking an interest in cryptocurrencies as a Canadian police department recently issued a public warning on an ongoing trend in high-value cryptocurrency investors being robbed in their homes. Canadian Police Warns Public The pu...
Cryptocoins News / Finance Magnates - 1 year ago
In the fast-paced world of cryptocurrencies, innovations continue to emerge that push the boundaries of mainstream adoption. Among these innovations, social media reward coins have garnered significant attention as a potential game-changer. These dig...
Cryptocoins News / Finance Magnates - 1 year ago
The UK Financial Conduct Authority (FCA) in its latest annual report for the year ended March 31, 2023, said it has continued to design prudential requirements for firms that are carrying out activities involving crypto assets. However, the British w...
Cryptocoins News / Finance Magnates - 1 year ago
Several users of the now-bankrupt crypto exchange FTX could be facing a phishing attack. According to a report by CoinDesk, suspicious password reset emails are being sent out to users from the exchange’s official customer support email, support@ftx....
Cryptocoins News / Finance Magnates - 1 year ago
FTX and its affiliated hedge fund firm, Alameda Research are planning to recover USD $71 million spent by the bankrupt cryptocurrency exchange on philanthropy. The lawyers representing the companies plan to recover funds from FTX Foundation.Filed b...
Cryptocoins News / Finance Magnates - 1 year ago
In recent years, the financial landscape has witnessed the rise of blockchain technology and its potential to revolutionize various industries. One of the most promising applications of blockchain is tokenization, a process that involves representing...
Cryptocoins News / Finance Magnates - 1 year ago
The UK Government has opposed the call by a panel of cross-party British lawmakers to regulate 'unbacked' crypto assets such as Bitcoin and Ether as gambling. The executive arm argued that such treatment runs contrary to standards recommended by glob...
Cryptocoins News / Finance Magnates - 1 year ago
The digital asset website tracking the prices and trading volumes of cryptocurrencies, CoinMarketCap, has released a market analysis report for the first half of 2023. Although the report shows an increase in the cryptocurrency market capitalization...
Cryptocoins News / Finance Magnates - 1 year ago
Kuwait has become the latest country to put a blanket ban on all cryptocurrency-related activities, citing a crackdown on money laundering and terror financing. According to the circular issued by the Capital Markets Authority (CMA), there is an “abs...
Cryptocoins News / Finance Magnates - 1 year ago
The Middle East openly expresses its desire to become a new cryptocurrency hub. Leading the way are crypto-friendly nations like the United Arab Emirates (UAE) and Bahrain. As a result, more exchanges are deciding to enter the local market. Bitget ha...
Cryptocoins News / Finance Magnates - 1 year ago
BitMEX, a cryptocurrency exchange, has renewed its sports sponsorship deal with the popular Italian football club, AC Milan, ahead of the upcoming game season. The renewal came with an extension of the scope of the deal from a sleeves sponsor to a Pr...
Cryptocoins News / Finance Magnates - 1 year ago
A bipartisan group of four senators today (Wednesday) introduced the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Bill to the United States Senate. In a statement, they explained that the goal of the bill is to subject decentra...
Cryptocoins News / Finance Magnates - 1 year ago
The American stock exchange operator, Nasdaq, has abandoned its plan to expand its digital asset offering by introducing cryptocurrency custody services to institutional investors. The launch of the service was initially planned as the Wall Street gi...
Cryptocoins News / Finance Magnates - 1 year ago
The Argentinian Football Association (AFA) has disputed Binance's claims that it violated the terms of the agreement in a sports sponsorship deal with the cryptocurrency exchange. The association is reportedly planning to take the matter to court.A...
Cryptocoins News / Finance Magnates - 1 year ago
Tokenization, the process of converting physical assets into digital tokens, is changing how we perceive and interact with traditional assets. Tokenization, which was popularized by cryptocurrencies, has now spread beyond digital currencies and is be...
Cryptocoins News / Finance Magnates - 1 year ago
The French financial services giant, Societe Generale has been awarded a license to offer cryptocurrency services in France, becoming the first company to receive this licence of approval in the country.The license was granted to SG Forge, the digita...
Cryptocoins News / Finance Magnates - 1 year ago
The investments in Bitcoin exchange-traded products (ETPs) have increased in the past month due to the recent wave of applications by asset management companies to list spot Bitcoin exchange-traded funds (ETFs).According to a report by the data ana...
Cryptocoins News / Finance Magnates - 1 year ago
The Australian Securities and Exchange Commission (ASIC) today (Wednesday) announced the cancellation of the Australian financial services (AFS) license held by FTX Australia Pty Ltd (FTX Australia), effective from 14 July. FTX Australia Has Lost Its...
Cryptocoins News / Finance Magnates - 1 year ago
The intergovernmental forum, Group of Twenty (G20) welcomes the call made by the Financial Stability Board (FSB) for tougher rules to guide the global cryptocurrency industry, Nirmala Sitharaman, the Finance Minister of India, said during a press con...
Cryptocoins News / Finance Magnates - 1 year ago
Social media has evolved into a potent tool for information diffusion and impact. Social media influencers have a crucial role in creating trends and market sentiment in the world of cryptocurrency. With their big online followings and interesting co...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrencies have attracted the attention of several sectors globally, not simply the financial industry. One area where cryptocurrencies are making a huge impact is in sponsorship negotiations. As more businesses and organizations adopt cryptocu...
Cryptocoins News / Finance Magnates - 1 year ago
Faruk Fatih Özer, the fugitive Founder of the defunct Turkish cryptocurrency exchange, Thodex who was extradited to Turkey earlier in April, has been sentenced to seven months and 15 days in prison. The local outlet, Hürriyet Daily News reported toda...
Cryptocoins News / Finance Magnates - 1 year ago
In recent years, cryptocurrency mining, or the process of confirming transactions and adding them to the blockchain, has received a lot of attention. While it has transformed the digital money market, there are questions about its environmental impac...
Cryptocoins News / Finance Magnates - 1 year ago
Financial inclusion, or access to affordable and dependable financial services, is an important aspect in encouraging economic growth and alleviating poverty around the world. Unfortunately, a sizable segment of the world's population is still unbank...
