Cryptocoins News / Finance Magnates - 7 months ago
Hong Kong's virtual lender ZA Bank is embracing digital finance by engaging potential stablecoin issuers to establish fiat reserve accounts. This initiative marks a significant step towards integrating digital assets into the traditional banking sect...
Cryptocoins News / Finance Magnates - 7 months ago
Hong Kong's financial regulator has warned the public about an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization. The Securities and Futures Commission (SFC) cautioned investor...
Cryptocoins News / Finance Magnates - 7 months ago
Coinbase, the international cryptocurrency exchange, has achieved a milestone in its expansion efforts by becoming officially registered as a restricted dealer by the Canadian Securities Administrators. With this development, Coinbase has become the...
Cryptocoins News / Finance Magnates - 7 months ago
Ripple, known for its enterprise-grade blockchain solutions, has announced its intention to introduce a stablecoin pegged 1:1 to the US dollar. This revelation comes as the demand for stablecoins showcasing reliability, trust, and utility continues t...
Cryptocoins News / Finance Magnates - 7 months ago
In the latest development in the $4 billion OneCoin cryptocurrency Ponzi scheme, the company’s Head of Legal and Compliance, Irina Dilkinska, has been sentenced to four years of imprisonment in the United States. She was ordered to pay over $111 mill...
Cryptocoins News / Finance Magnates - 7 months ago
A study has unveiled that a notable proportion of crypto millionaires globally are not only risking their personal information but also lacking a fundamental understanding of crucial procedures regarding asset transfer and Know Your Client (KYC) regu...
Cryptocoins News / Finance Magnates - 7 months ago
Faruk Fatih Ozer, the ex-CEO of the now-defunct Turkish cryptocurrency exchange Thodex, has been handed a staggering prison term for defrauding investors. He has now begun serving his time behind bars. Ozer's conviction has been served after a prolon...
Cryptocoins News / Finance Magnates - 7 months ago
The government in Argentina has mandated the registration of cryptocurrency exchanges and other companies in the sector by creating a registry of virtual asset service providers (VASP). The regulations came when the country’s President, Javier Milei,...
Cryptocoins News / Finance Magnates - 7 months ago
The Financial Markets Authority (AMF) has issued a warning to savers in France regarding investment proposals by the digital asset trading platform BITGET. The AMF emphasized the need for utmost vigilance, highlighting that BITGET is not authorized t...
Cryptocoins News / Finance Magnates - 7 months ago
Talos, a technology provider for institutional trading of digital assets, has partnered with Coinbase Derivatives to expand the avenues available for investors seeking to invest in cryptocurrency within a regulated framework. This collaboration enabl...
Cryptocoins News / Finance Magnates - 7 months ago
Crypto.com, a global cryptocurrency exchange, unveiled plans today (Tuesday) to introduce a specialized trading platform application designed exclusively for the Korean market. The application, tailored to cater to the preferences and needs of Korean...
Cryptocoins News / Finance Magnates - 7 months ago
Deribit FZE, the Dubai-based arm of Deribit Group, a firm in the cryptocurrency derivative options market, has announced the acquisition of a conditional Virtual Asset Service Provider (VASP) license from Dubai's Virtual Asset Regulatory Authority (V...
Cryptocoins News / Finance Magnates - 7 months ago
Almost seven years after its launch, Binance Holdings, which operates the largest cryptocurrency exchange globally in terms of trading volume, has formed a seven-member Board of Directors. As announced yesterday (Monday), Gabriel Abed, the former amb...
Cryptocoins News / Finance Magnates - 7 months ago
Bitkub Capital Group Holdings, the parent company of Thailand's largest cryptocurrency exchange Bitkub, has announced plans to go public in 2025. The company has hired financial advisors for this impending transition. According to a recent interview...
Cryptocoins News / Finance Magnates - 7 months ago
Over the years, the rise of blockchain and its penetration into the financial sector has created all that is convenient to man. This includes streamlining payment systems to allow easier and cheaper cross-border transactions and the rise of the ever-...
Cryptocoins News / Finance Magnates - 7 months ago
Authorities from the US and the UK are investigating cryptocurrency transactions passing through Russian exchanges. Recent revelations have suggested that over $20 billion in crypto transfers have been flagged for investigation.According to a report...
Cryptocoins News / Finance Magnates - 7 months ago
Sam Bankman-Fried, the Co-Founder of the collapsed cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis Kaplan today (Thursday). Bankman-Fried was found guilty of multiple counts of wire fraud and conspiracy that led to the...
Cryptocoins News / Finance Magnates - 7 months ago
While the spotlight often falls on Asia and North America when discussing cryptocurrency adoption, Western Europe has been making significant strides in embracing digital assets. In a recent report, Bitget Research has shed light on European countrie...
Cryptocoins News / Finance Magnates - 7 months ago
The blockchain technology networks Fetch.ai, SingularityNET, and Ocean Protocol recently merged their projects to create a decentralized form of artificial intelligence (AI). According to a statement by Fetch.ai, this collaboration aims to democratiz...
Cryptocoins News / Finance Magnates - 7 months ago
The cryptocurrency exchange Bybit has launched a regulated digital asset platform in the Netherlands. According to the firm, this step, in partnership with SATOS, aims to give Dutch users access to the exchange's Web 3 features. Dubbed Bybit.nl, the...
Cryptocoins News / Finance Magnates - 7 months ago
To reshape the landscape of the cryptocurrency industry in Indonesia, the Financial Services Authority (OJK) has announced that crypto firms will be subject to evaluation in a regulatory sandbox before they can obtain licenses to operate. This develo...
Cryptocoins News / Finance Magnates - 7 months ago
Although Bitcoin (BTC) has already gained nearly 70% in 2024, shares of Argo Blockchain, a cryptocurrency mining company publicly listed in London and the USA, are scraping the bottom, falling 55%.The company's solution to some of its problems and sh...
Cryptocoins News / Finance Magnates - 7 months ago
A federal judge in Manhattan has allowed the US Securities and Exchange Commission (SEC) to proceed with a lawsuit against Coinbase. While the court dismissed one of the regulator's claims, this latest decision paves the way for a potentially lengthy...
Cryptocoins News / Finance Magnates - 7 months ago
KuCoin witnessed a staggering $1 billion in crypto withdrawals within 24 hours, coupled with a decline of 20% in assets under management, following charges levied against the platform by US authorities. Data analysis from Nansen and Arkham Intelligen...
Cryptocoins News / Finance Magnates - 7 months ago
Okcoin Europe, the European branch of the cryptocurrency exchange OKX, recently received a fine of €304,000 from the Malta Financial Services Authority (MFSA) for failing to comply with local laws related to virtual assets.According to the MFSA, when...
