Cryptocoins News / Finance Magnates - 3 months ago
Celsius Network, a crypto lender that went bankrupt in July 2022, will distribute over $3 billion of cryptocurrency and fiat to its creditors as the company emerges from bankruptcy. The plan also includes creating a Bitcoin mining company, Ionic Digi...
Cryptocoins News / Finance Magnates - 3 months ago
In a monumental stride toward the future of global finance,
the United Arab Emirates (UAE) has achieved a historic feat by completing the
first cross-border payment using the Digital Dirham. This groundbreaking
transaction, initiated by Sheikh Mansou...
Cryptocoins News / Finance Magnates - 3 months ago
The rise in
interest in digital assets has led to a significant increase in crypto
sponsorships aimed at enhancing and nurturing brand loyalty among crypto
enthusiasts. These strategic alliances boost visibility and build trust in this
ever-changing...
Cryptocoins News / Finance Magnates - 3 months ago
Ouinex, an upcoming cryptocurrency exchange, is strengthening its regulatory position before launch as it recently received a Virtual Asset Service Provider (VASP) registration from the Polish Financial Supervision Authority (KNF), Finance Magnates h...
Cryptocoins News / Finance Magnates - 3 months ago
German authorities have confiscated 50,000 Bitcoins with a market value of about $2.17 billion, which is the country’s “most extensive” crypto seizure. The cryptocurrencies were linked to a German piracy website.“This is the most extensive seizure of...
Cryptocoins News / Finance Magnates - 3 months ago
At the Finance Magnates London Summit 2023, industry
leaders convened for a pivotal discussion on “Bridging TradFi and Crypto: Work
in Process”, shedding light on the complexities and opportunities inherent in
integrating these two distinct spheres....
Cryptocoins News / Finance Magnates - 3 months ago
Transak, a payments infrastructure provider for
crypto and NFTs, has partnered with Visa. This collaboration
aims to empower users globally, enabling them to convert their
cryptocurrency holdings into local fiat currencies.Transak's presence across 3...
Cryptocoins News / Finance Magnates - 3 months ago
The authorities in the United States have busted the crypto Ponzi scheme called HyperFund that raised up to $1.89 billion from investors and brought civil and criminal charges against its Founder, Xue Lee (Sam Lee). The civil charges were brought by...
Cryptocoins News / Finance Magnates - 3 months ago
Mesh, a financial solution platform, has secured an
investment from PayPal Ventures, marking a significant milestone in digital payments and stablecoin innovation. This step happens when digital payments are evolving with innovations reshaping how bu...
Cryptocoins News / Finance Magnates - 3 months ago
Bankrupt FTX significantly increased its cash holdings to $4.4 billion by the end of 2023 as the collapsed crypto exchange has moved towards repaying customers and creditors. The cash holding almost doubled from $2.3 billion at the end of October, ac...
Cryptocoins News / Finance Magnates - 3 months ago
The
European Securities and Markets Authority (ESMA) published two consultation
papers today (Monday) seeking input from stakeholders on guidelines regarding reverse
solicitation and the classification of crypto-assets as financial instruments
under...
Cryptocoins News / Finance Magnates - 3 months ago
Funds stolen
by hackers from cryptocurrency platforms fell by over 50% in 2023 compared to
the previous year. However, the number of individual hacking incidents rose,
indicating that hacking remains a significant threat for crypto investors.Crypto H...
Cryptocoins News / Finance Magnates - 3 months ago
OKX has discontinued its crypto mining pool and related services. Starting January 26, 2024, registration of new users for these services will no longer be available. According to a statement by the crypto exchange, existing users will retain access...
Cryptocoins News / Finance Magnates - 3 months ago
OKX has discontinued its crypto mining pool and related services. Starting January 26, 2024, registration of new users will no longer be available. According to a statement by the crypto exchange, existing users will retain access to the services unt...
Cryptocoins News / Finance Magnates - 3 months ago
Hong Kong has issued a warning regarding two
suspicious investment offerings named "Floki Staking Program" and
"TokenFi Staking Program". These programs, enticing investors with promises of high annual returns ranging from 30% to over 100%, have caug...
Cryptocoins News / Finance Magnates - 3 months ago
The cryptocurrency
exchange Bitget has enhanced the security of its platform wallets through an
upgrade to Multi-Party Computation (MPC) technology. MPC aims to boost wallet
protections using distributed computing, homomorphic encryption, and a Trust...
Cryptocoins News / Finance Magnates - 3 months ago
Mark Scott, the lawyer who laundered $400 million for the OneCoin crypto scam, has been sentenced to ten years in prison. He was convicted of two counts related to bank fraud and money laundering in 2019.The Sentencing after a Long WaitScott was sent...
Cryptocoins News / Finance Magnates - 3 months ago
To
enhance the institutional trading experience in the crypto space, Finery
Markets, a non-custodial crypto Electronic Communication Network and
trading infrastructure provider for institutional players, has officially
entered into a partnership with...
Cryptocoins News / Finance Magnates - 3 months ago
A
recent report has unveiled a concerning surge in cyber-attacks orchestrated by
North Korea-linked hackers, indicating a growing trend in the targeting of
cryptocurrency assets. The analysis firm's findings revealed that in 2023,
these hackers condu...
Cryptocoins News / Finance Magnates - 3 months ago
UP Fintech
Holding Limited, the Tiger Trade online brokerage operator, has received
approval from the Hong Kong Securities and Futures Commission to upgrade
its license to include dealing in virtual assets. This makes UP Fintech one of
the first brok...
Cryptocoins News / Finance Magnates - 3 months ago
A
federal judge rejected a travel request from the Founder of Binance, Changpeng
"CZ" Zhao, to visit his home in the United Arab Emirates for the
"hospitalization and surgery" of an undisclosed individual. This
decision comes despite Zhao offering to...
Cryptocoins News / Finance Magnates - 3 months ago
The approval of 11 Bitcoin exchange-traded funds (ETFs) could guarantee a similar instrument of Ether as the Securities and Exchange Commission (SEC) delayed its decision on BlackRock’s Ether ETF application.The Fight for Ether ETF ContinuesThe decis...
Cryptocoins News / Finance Magnates - 3 months ago
Binance, a major player in the cryptocurrency
market, is bidding farewell to the Russian market. Part of this exit strategy and sale to CommEX includes plans to discontinue all services related to the Russian ruble (RUB) by early February 2024.This d...
Cryptocoins News / Finance Magnates - 3 months ago
Nexo AG and its subsidiaries have initiated legal action
against the Republic of Bulgaria, filing an International Centre for Settlement
of Investment Disputes arbitration claim exceeding $3 billion. The
claim alleges damages and lost opportunities r...
Cryptocoins News / Finance Magnates - 3 months ago
Enterprise
blockchain company R3 has announced the launch of a new suite of digital
solutions aimed at helping financial firms adopt distributed ledger technology
(DLT) and the appointment of Kate Karimson as Chief Commercial Officer (CMO).This launc...