Cryptocoins News / Finance Magnates - 1 day ago
A Nigerian court's ruling today (Friday) has paved the way
for Binance executive Tigran Gambaryan to stand trial on behalf of the
cryptocurrency exchange in an ongoing tax evasion case. Alongside Gambaryan, a
US citizen and Head of Financial Crimes C...
Cryptocoins News / Finance Magnates - 1 day ago
The Financial Crimes Compliance department of Binance has
partnered with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei
District Prosecutors Office to address a money laundering case involving 200
million New Taiwan dollars ($6.2 mi...
Cryptocoins News / Finance Magnates - 1 day ago
BitConnect’s national promoter in Australia, John Bigatton, pled guilty to his role in promoting the scam after three and a half years of his indictment. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the cou...
Cryptocoins News / Finance Magnates - 2 days ago
The virtual
asset management provider HashKey Capital Limited has secured both Type 4 and
upgraded Type 9 licenses from the Securities and Futures Commission (SFC),
becoming the first licensed corporation to offer a complete suite of securities
and v...
Cryptocoins News / Finance Magnates - 2 days ago
Chicago Mercantile Exchange (CME), known for operating one of the largest US-based futures exchanges, is planning to offer spot Bitcoin trading to its clients, according to a report by the Financial Times.CME Expansion in Crypto MarketsAlthough not o...
Cryptocoins News / Finance Magnates - 2 days ago
The
cryptocurrency exchange Bybit has experienced significant growth over the past
year and, after five years of operation, has surpassed 20 million users.
However, its expansion is not as dynamic in some regions due to local
regulatory challenges.On...
Cryptocoins News / Finance Magnates - 2 days ago
BVNK, a payments infrastructure provider, has declared the
integration of PayPal USD (PYUSD), a stablecoin, into its platform. The
issuance of PYUSD is solely handled by Paxos Trust Company, under the
regulatory oversight of the New York Department o...
Cryptocoins News / Finance Magnates - 2 days ago
The authorities in Canada have arrested Aiden Pleterski, who called himself the “Crypto King,” and charged him with fraud and money laundering. He allegedly swindled investors out of CAD 40 million (about USD 30 million) with his crypto and foreign e...
Cryptocoins News / Finance Magnates - 3 days ago
Binance has introduced spot copy trading to enable
traders to replicate expert trading strategies. The new feature allows users
to automatically replicate the trades of lead traders. Unlike futures trading,
which involves leverage and heightened risk...
Cryptocoins News / Finance Magnates - 3 days ago
Stablecoin issuer Circle plans to move its legal base from
Ireland to the US, according to recent court filings, Bloomberg reported. This
action is significant for the company behind the second-largest stablecoin,
USDC, ahead of its anticipated initi...
Cryptocoins News / Finance Magnates - 3 days ago
Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage's UK entity can now trade four crypt...
Cryptocoins News / Finance Magnates - 3 days ago
Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the brokerage has announced its first crypto staking services for Solana holders...
Cryptocoins News / Finance Magnates - 3 days ago
The
Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev,
co-developer of the popular cryptocurrency mixing tool Tornado Cash, to 64
months in prison for his role in creating and maintaining the platform. The court
alleges that...
Cryptocoins News / Finance Magnates - 3 days ago
A court in the United Kingdom has ordered the winding up of Amey Finance Academy, which offered cryptocurrency investment advice, after many of its customers lost their money. The company even had ties with a $1.7 billion crypto Ponzi scheme and told...
Cryptocoins News / Finance Magnates - 4 days ago
Paxos, a regulated
blockchain and tokenization infrastructure platform, announced today the
appointment of J. Christopher Giancarlo, former Chairman of the US Commodity
Futures Trading Commission (CFTC), to its board of directors.Paxos Scores Regulat...
Cryptocoins News / Finance Magnates - 4 days ago
After a
record-breaking March driven by equally impressive Bitcoin (BTC) performance,
spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in
April. According to a benchmark by Finance Magnates Intelligence, their
trading volu...
Cryptocoins News / Finance Magnates - 4 days ago
The services of cryptocurrency exchange Coinbase have been restored after a “system-wide outage” of over three hours. The exchange confirmed that its functionalities are “now fully recovered.”Coinbase is now fully recovered. We appreciate your patien...
Cryptocoins News / Finance Magnates - 4 days ago
To enhance financial services for customers across the UK
and European Economic Area (EEA), OpenPayd, an embedded finance and
Banking-as-a-Service (BaaS) platform, has announced a strategic partnership
with Wirex, a Web3 money app. This collaboration...
Cryptocoins News / Finance Magnates - 4 days ago
Coinbase, the largest cryptocurrency exchange in the US, is “experiencing a system-wide outage” that has directly impacted its services. Both desktop and mobile platforms of the crypto exchange are not working.Coinbase Is DownThe reason behind the ou...
Cryptocoins News / Finance Magnates - 4 days ago
In its latest action against non-compliance in the crypto industry, the Commodity Futures Trading Commission (CFTC) has settled with FalconX, a crypto prime brokerage firm that failed to register as a futures commission merchant (FCM), for $1.8 milli...
Cryptocoins News / Finance Magnates - 4 days ago
OKX has officially launched its cryptocurrency exchange in Australia with spot and derivatives trading services, the company announced today (Tuesday). Although spot trading is available for all users in the country, only verified wholesale clients w...
Cryptocoins News / Finance Magnates - 5 days ago
Kazakhstan has recognized Binance's local entity with
ISO 27001 and ISO 27701 certifications, the cryptocurrency exchange announced
today (Monday). The British Standards Institution awarded Binance these
certifications after conducting an audit on th...
Cryptocoins News / Finance Magnates - 5 days ago
The
Commodity Futures Trading Commission (CFTC) has issued a stark warning, including
cryptocurrencies, to students and young job seekers: beware of becoming an
unwitting "money mule."In a recent
advisory, the CFTC's Office of Customer Education and...
Cryptocoins News / Finance Magnates - 5 days ago
Bitcoin lending startup Zest Protocol secured $3.5
million in a funding round led by venture capitalist Tim Draper, Reuters
reported. The investment, joined by notable backers including Binance Labs and
Flow Traders, signals growing confidence in the...
Cryptocoins News / Finance Magnates - 5 days ago
The introduction of crypto staking services, where
users can deposit their coins to earn rewards, has intensified
competition among exchanges in South Korea, The Korea Times reported. This service has
expanded the scale of staking into trillions of...