Cryptocoins News / Finance Magnates - 6 months ago
In a recent report by blockchain analytics firm 0xScope, a striking development in the cryptocurrency exchange landscape has been unveiled. The report, released on November 6, highlighted a significant decline in Binance's market share over the past...
Cryptocoins News / Finance Magnates - 6 months ago
The Indian authorities have made eight fresh arrests in connection with a $300 million cryptocurrency scam that duped around 100,000 people, according to local news outlet The Times of India.Unrevealing of a Massive Crypto ScamFour police officers ar...
Cryptocoins News / Finance Magnates - 6 months ago
In the US, a report from the Office of Inspector General (OIG) has explained the difficulties faced by the Securities and Exchange Commission (SEC) in recruiting crypto asset specialists, resulting from requirements that new recruits to the agency se...
Cryptocoins News / Finance Magnates - 6 months ago
Silicon Valley's Proof Group, a renowned investment firm, is bidding to relaunch FTX, the crypto exchange that shook the industry when it collapsed nearly a year ago. Proof Group is part of the Fahrenheit Consortium, which successfully bid to acquire...
Cryptocoins News / Finance Magnates - 6 months ago
US regulators are set to overhaul settlement times for securities trades next May. While this move is expected to have a positive impact, it brings significant concerns for over $1 trillion in Exchange-Traded Funds (ETFs). Market experts have warned...
Cryptocoins News / Finance Magnates - 6 months ago
Bitcoin, the first cryptocurrency, is a topic of debate and speculation in the financial world. Bitcoin has continually demonstrated endurance and growth since its creation, despite its well-known price volatility and occasional setbacks. For starter...
Cryptocoins News / Finance Magnates - 6 months ago
Central Bank Digital Currencies (CBDCs) have risen to prominence as a source of discussion and controversy in the worlds of finance and central banking. These digital representations of a country's national currency, which are issued and regulated by...
Cryptocoins News / Finance Magnates - 6 months ago
The Bank of England (BoE) has published a discussion paper today (Monday), revealing its plans to regulate stablecoins, which pose a “significant risk to financial stability” and can “undermine public confidence in money and payments.”BoE Will Regula...
Cryptocoins News / Finance Magnates - 6 months ago
FTX, the beleaguered cryptocurrency exchange currently navigating bankruptcy proceedings, has petitioned the Delaware bankruptcy court to authorize the sale of crucial trust assets worth approximately $744 million. These assets, originating from cryp...
Cryptocoins News / Finance Magnates - 6 months ago
HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE), the Canadian publicly-listed crypto mining company, has announced its unaudited production figures for October 2023, showcasing a significant achievement in its Bitcoin mining operations. The company,...
Cryptocoins News / Finance Magnates - 6 months ago
Hong Kong’s financial market regulator is evaluating the prospects of allowing retail investors access to spot crypto exchange-traded funds (ETFs), Julia Leung, the CEO of the Securities and Futures Commission, revealed.“We welcome proposals using in...
Cryptocoins News / Finance Magnates - 6 months ago
In an outcome that comes as no surprise to observers, Sam Bankman-Fried, the Founder and former CEO of the now-defunct crypto exchange FTX, has been found guilty on all seven charges that he faced during his trial. As a result, he now potentially fac...
Cryptocoins News / Finance Magnates - 6 months ago
The Financial Conduct Authority (FCA) has released the latest data for the third quarter, highlighting its commitment to countering misleading financial promotions and addressing unregulated activities. In Q3, the FCA reviewed 1,211 financial promoti...
Cryptocoins News / Finance Magnates - 6 months ago
The US Securities and Exchange Commission (SEC) has requested a summary judgment from a federal judge in its case against Kwon Do-Hyung (Do Kwon) and Terraform Labs, in a move aimed at avoiding a full trial. The SEC argued that there is "no genuine d...
Cryptocoins News / Finance Magnates - 6 months ago
Ripple has announced the approval of its digital asset XRP for use within the Dubai International Financial Centre (DIFC). This decision marks a significant milestone for the blockchain and crypto solutions firm as XRP becomes the first virtual asset...
Cryptocoins News / Finance Magnates - 6 months ago
The financial world is vibrating with excitement after BlackRock, the world's largest asset manager, submitted a proposal for a Bitcoin exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). If approved, this move could herald...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase Global (Nasdaq: COIN) has managed to beat the market estimates with its third-quarter revenue of $674.1 million and an adjusted loss of $0.01 per share. However, shares of the crypto exchange plummeted nearly 5 percent due to the missed tota...
Cryptocoins News / Finance Magnates - 6 months ago
After a five-week trial, a New York jury found FTX's Founder and former CEO, Sam Bankman-Fried, guilty of all seven counts of fraud, conspiracy, and money laundering. The sentencing for this crime is yet to be scheduled, tentatively set for March 28...
Cryptocoins News / Finance Magnates - 6 months ago
The Financial Conduct Authority (FCA) has updated its guidance for cryptoasset firms, following recent legislative changes that bring crypto promotions targeting UK consumers under its oversight. The new rules aim to enhance consumer understanding of...
Cryptocoins News / Finance Magnates - 6 months ago
Stablecoins, as opposed to extremely volatile cryptocurrencies such as Bitcoin and Ethereum, are intended to have a steady value, sometimes tethered to a fiat currency such as the US dollar. Because of this stability, stablecoins are increasingly bei...
Cryptocoins News / Finance Magnates - 6 months ago
PayPal has recently gone under the scrutiny of the United States Securities and Exchange Commission (SEC) as the Enforcement division issued a subpoena related to its US dollar-pegged stablecoin. The revelation of the SEC's action came to light on No...
Cryptocoins News / Finance Magnates - 6 months ago
SIX, the Swiss National Bank (SNB), and six commercial banks have embarked on a pilot project with a focus on tokenized central bank money for financial institutions, commonly referred to as wholesale central bank digital currency (wCBDC).Helvetia Ph...
Cryptocoins News / Finance Magnates - 6 months ago
The US Securities and Exchange Commission (SEC) has filed charges against SafeMoon, its Founder Kyle Nagy, SafeMoon US, and the company's top executives, John Karony and Thomas Smith. The regulator has revealed a fraudulent scheme related to the unre...
Cryptocoins News / Finance Magnates - 6 months ago
PayPal has received approval from the Financial Conduct Authority (FCA) to provide cryptocurrency services in the United Kingdom. According to the official FCA data, PayPal has been registered to offer "certain crypto asset activities" in the UK sinc...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase has opened crypto futures trading to eligible US investors. This development, unveiled in a recent blog post, followed the crypto exchange's achievement of regulatory clearance in August. The approval allowed Coinbase to operate as a futures...
