Cryptocoins News / Finance Magnates - 1 hour ago
The crypto markets are experiencing a notable uptick as Bitcoin (BTC) surpasses the $40,000 mark for the first time in 18 months, accompanied by Ethereum (ETH) breaching $2,200. These milestones come amidst a subdued but widespread rally in the crypt...
Cryptocoins News / Finance Magnates - 5 hours ago
The US dollar value of Bitcoin has surpassed the $40,000 mark in the early Asian trading hours today (Monday). As of press time, the original cryptocurrency is inching closer to $49,000 apiece, gaining about 3.8 percent in the past 24 hours. A Remark...
Cryptocoins News / Finance Magnates - 2 days ago
The Swiss crypto bank SEBA Bank AG has rebranded to AMINA Bank AG. This move, announced on November 30, has been described by the company as a new era of potential growth for its clients globally. Franz Bergmueller, the CEO of AMINA Bank AG, mentione...
Cryptocoins News / Finance Magnates - 2 days ago
A class action lawsuit against Terraform Labs and its Co-Founders, filed in Singapore, will proceed. This is according to a decision by the High Court to dismiss the defendants' appeal. It marks an important milestone in a case initiated by Julian Mo...
Cryptocoins News / Finance Magnates - 2 days ago
The US Securities and Exchange Commission (SEC) is actively engaging with asset managers in anticipation of a crucial decision on the approval of a bitcoin exchange-traded fund (ETF), as revealed in memos released this week.SEC's Postponements: Aimin...
Cryptocoins News / Finance Magnates - 3 days ago
The Brazilian Senate has passed legislation proposing an income tax on crypto gains from offshore exchanges, awaiting final approval from the country's president. This proposal is slated for potential enactment on January 1.The bill aims to introduce...
Cryptocoins News / Finance Magnates - 3 days ago
In the complex realm of cryptocurrency regulation, the U.S. Treasury has boldly extended its reach, seeking expanded powers that transcend national borders. Deputy Secretary of the Treasury Wally Adeyemo's impassioned plea to Congress for extraterrit...
Cryptocoins News / Finance Magnates - 3 days ago
A recent court ruling has granted FTX permission to sell approximately $873 million worth of assets held in trust. Around $700 million of these assets are from Grayscale's primary offering, the Grayscale Bitcoin Trust (GBTC). The approval, dated Nove...
Cryptocoins News / Finance Magnates - 3 days ago
The regulatory struggles of crypto are evident. Despite the growing adoption of digital assets across almost every industry, there has been a significant lack of regulatory clarity. In the US, the Securities and Exchange Commission (SEC) has relentle...
Cryptocoins News / Finance Magnates - 3 days ago
As central banks globally tread into the realm of digital currencies, the European Central Bank (ECB) is at the center of a heated debate over the potential issuance of a digital euro. The European Parliament recently held a hearing that left lawmake...
Cryptocoins News / Finance Magnates - 4 days ago
The digital asset brokerage Fasset FZE has obtained a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Asset Regulatory Authority (VARA). This license marks the culmination of VARA's rigorous approval process and permits Fasset to o...
Cryptocoins News / Finance Magnates - 4 days ago
Soccer star Cristiano Ronaldo is entangled in a class-action lawsuit in the United States amounting to over $1 billion, involving his association with Binance. Plaintiffs have asserted that Ronaldo endorsed the crypto exchange, leading them to incur...
Cryptocoins News / Finance Magnates - 4 days ago
Paxos, a blockchain and tokenization infrastructure platform, has secured in-principle approvals from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA). The approvals pave the way for Paxos to issue USD and other cur...
Cryptocoins News / Finance Magnates - 4 days ago
The UK government has tightened its grip on unpaid crypto taxes, urging users to voluntarily disclose capital gains or income related to cryptocurrencies like Bitcoin, NFTs, and utility tokens. Crypto users in the UK have been advised to declare thei...
Cryptocoins News / Finance Magnates - 4 days ago
As the world hurtles into the future of decentralized finance and digital assets, regulatory bodies are grappling with the challenge of overseeing crypto firms that are beginning to emulate traditional banking services. In a recent interview, Andrea...
Cryptocoins News / Finance Magnates - 5 days ago
The list of financial regulatory commissions claiming that Binance operates in their jurisdiction without official permission has expanded again. The Securities and Exchange Commission Philippines (SEC) recently issued a warning regarding the exchan...
Cryptocoins News / Finance Magnates - 5 days ago
The crypto custody and trading solutions company Copper, led by former British Chancellor Phillip Hammond, is expanding its services to include securities. This move aims to attract institutional investors by offering smart contracts and tokenized as...
Cryptocoins News / Finance Magnates - 5 days ago
Binance.US has made it clear that it is distinct from its parent company, stating that it operates independently and is not involved in the recent enforcement settlements against Binance and its Former CEO, Changpeng Zhao. The exchange has emphasized...
Cryptocoins News / Finance Magnates - 5 days ago
The landscape of cryptocurrency is evolving rapidly, with innovative networks like Tron gaining traction for their efficiency and cost-effectiveness. However, a concerning trend has emerged as these platforms become unwitting channels for illicit fin...
Cryptocoins News / Finance Magnates - 5 days ago
Dunamu has released its financial report for the third quarter, highlighting a significant downturn in its performance. The company's net profit for the quarter was KRW 29.5 billion, down 81.6% from the same period last year.The blockchain and fintec...
Cryptocoins News / Finance Magnates - 5 days ago
Hong Kong authorities reported that 145 users fell victim to a scam orchestrated by the unlicensed cryptocurrency exchange Hounax. It has resulted in a loss of 148 million HKD ($18.9 million), as reported by the local media outlet Shenzhen Commercial...
Cryptocoins News / Finance Magnates - 5 days ago
The future of the market structure for digital assets is undergoing a transformation propelled by innovation and regulation in Europe. Despite many challenges, the institutional crypto derivatives market is evolving in the region. A report released b...
Cryptocoins News / Finance Magnates - 5 days ago
In the ever-evolving landscape of digital finance, Robert F. Kennedy Jr.'s recent remarks have sparked discussions regarding the potential impact of central bank digital currencies (CBDCs) on individual financial autonomy and privacy.Bitcoin's Elegan...
Cryptocoins News / Finance Magnates - 5 days ago
Bybit, a cryptocurrency exchange, has announced growth in its trajectory by surpassing 20 million registered users. This highlights Bybit's stable presence in the cryptocurrency industry as it celebrates its 5th anniversary this December.Bybit Become...
Cryptocoins News / Finance Magnates - 5 days ago
In a move to assert greater control and oversight in the realm of cryptocurrency taxation, Spanish residents with crypto assets on non-Spanish platforms are mandated to declare them by March 31, 2024. The Spanish Tax Administration Agency, Agencia Tr...
