Cryptocoins News / Finance Magnates - 5 months ago
The cryptocurrency market has been on a remarkable rise since the beginning of 2024, fueled by several factors such as the approval of a spot Bitcoin ETF by the SEC, Bitcoin halving that happened recently in April, the increased institutional interes...
Cryptocoins News / Finance Magnates - 5 months ago
Binance, the world's leading digital asset exchange, has reached 200 million users. This milestone comes alongside another notable achievement this year: the platform now holds $100 billion in user assets under custody.Binance Achieves Milestone of 2...
Cryptocoins News / Finance Magnates - 5 months ago
Bakkt, a cryptocurrency platform backed by the New York Stock Exchange (NYSE) owner, is exploring a potential sale or even a breakup, Bloomberg reported, citing “people familiar with the matter.” However, Bakkt did not confirm or deny anything offici...
Cryptocoins News / Finance Magnates - 5 months ago
Cryptocurrency exchange Kraken is seeking over $100 million before a potential initial public offering (IPO), Bloomberg reported. The crypto exchange, founded in San Francisco in 2011, has long discussed going public. This move is reportedly fueled b...
Cryptocoins News / Finance Magnates - 5 months ago
A group of creditors of the now-collapsed FTX has moved to court, objecting to the crypto exchange’s bankruptcy reorganization plan, which would pay the unsecured creditors the entirety of their claims, if not more.The Formal Objection of FTX Credito...
Cryptocoins News / Finance Magnates - 5 months ago
Gary Gensler once described the Securities and Exchange Commission’s (SEC) role in policing the “Wild West” crypto industry as a “cop on the beat”. Although anecdotal, what has since followed is a series of high-profile civil lawsuits against some of...
Cryptocoins News / Finance Magnates - 5 months ago
Binance has reportedly reintroduced Mastercard payments for crypto purchases. This step arrived after Mastercard paused this service in August 2023 due to legal challenges facing Binance in the US. Both the US Securities and Exchange Commission and t...
Cryptocoins News / Finance Magnates - 5 months ago
Robinhood Markets, Inc. has announced its agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011, Bitstamp operates offices in Luxembourg, the UK, Slovenia, Singapore, and the US.The acquisition is expected to expedite R...
Cryptocoins News / Finance Magnates - 5 months ago
US Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered a cautionary message to cryptocurrency exchanges, underscoring that merely providing disclosures to investors does not immunize them from regulatory scrutiny.Crypto Disclosur...
Cryptocoins News / Finance Magnates - 5 months ago
Two individuals have filed a civil claim against Hong Kong-based cryptocurrency exchange JPEX, seeking to recover over HK$1.85 million. This lawsuit is the first civil action related to an alleged fraud case involving more than 2,600 victims with tot...
Cryptocoins News / Finance Magnates - 5 months ago
Stablecoin issuer Paxos has launched a yield-bearing stablecoin in Argentina. Available through crypto platforms Ripio, Buenbit, Manteca, and Plus Crypto, this new digital asset, dubbed Lift Dollar (USDL), aims to maintain its value to the dollar and...
Cryptocoins News / Finance Magnates - 5 months ago
Crypto exchange Binance today (Wednesday) sought to dismiss a large portion of a London lawsuit, valued at up to 10 billion pounds ($12.8 billion), over allegations of collusion to "delist" the Bitcoin Satoshi Vision (BSV) cryptocurrency.London Lawsu...
Cryptocoins News / Finance Magnates - 5 months ago
US lawmakers have accused Nigeria of holding Binance's executive hostage and called for President Joe Biden to intervene and secure the executive's release, Bloomberg reported.In a recent letter, sixteen Republican congressmen, led by Michael McCaul,...
Cryptocoins News / Finance Magnates - 5 months ago
Ouinex, a digital assets trading platform, has raised $5 million through a series of private funding rounds. The most recent Private 2 token sales round raised $1 million, bringing the total funds raised to $5.2 million.Ouinex's user base exceeds 50,...
Cryptocoins News / Finance Magnates - 5 months ago
FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a significant $24 billion tax dispute that has been looming over the exchange's restructuring process. Initially, the IRS claimed FTX...
Cryptocoins News / Finance Magnates - 5 months ago
The U.S. Energy Information Administration (EIA) estimates Bitcoin mining uses about 170 TWh of electricity per year, or about 0.6% to 2.3% of annual American electricity consumption. The aggregate market cap of 14 publicly traded U.S. mining compani...
Cryptocoins News / Finance Magnates - 5 months ago
On the surface, institutional adoption of digital assets is thriving. The fact that multiple major firms like HSBC and BlackRock are beginning to offer tokenized products is a testament. One recent projection even suggested that by 2030 the tokenized...
Cryptocoins News / Finance Magnates - 5 months ago
Bitpanda has announced an expansion of its partnership with Deutsche Bank, aimed at providing real-time payment solutions for users in Germany. API-Based Account SolutionThe collaboration will enable seamless incoming and outgoing transactions throug...
Cryptocoins News / Finance Magnates - 5 months ago
A federal court in Australia has favoured Block Earner, a cryptocurrency company, by relieving it from the liability of paying a penalty for offering interest-bearing crypto products without an appropriate licence.A Regulatory Disappointment?The judg...
Cryptocoins News / Finance Magnates - 5 months ago
Thailand has joined the Bitcoin exchange-traded fund (ETF) trend by approving One Asset Management (ONEAM) to launch a Bitcoin ETF, as reported by the Bangkok Post. However, access to the instrument will be limited to wealthy and institutional invest...
Cryptocoins News / Finance Magnates - 5 months ago
Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world's largest cryptocurrency exchanges, plans to roll...
Cryptocoins News / Finance Magnates - 5 months ago
Binance has suspended cash payments for peer-to-peer (P2P) trading in India to adhere to regulatory compliance and enhanced security, 99 Bitcoins reported. While cash transactions have been convenient for users in regions with limited banking access,...
Cryptocoins News / Finance Magnates - 5 months ago
OKX, a global cryptocurrency exchange platform, has announced the launch of its services in the Netherlands. Dutch customers now have access to spot trading, including buying and selling cryptocurrencies, along with conversion services for over 150 d...
Cryptocoins News / Finance Magnates - 5 months ago
Global payments infrastructure provider Mercuryo has announced a new partnership with Trust Wallet, a leading self-custody Web3 wallet. Trust Wallet supports over 100 blockchains and more than 10 million assets. The partnership introduces an off-ramp...
Cryptocoins News / Finance Magnates - 5 months ago
Hong Kong's Securities and Futures Commission (SFC) has introduced new regulations for virtual asset trading platforms (VATPs), which became effective on June 1. Under these regulations, VATPs operating in or marketing to Hong Kong investors must be...
