Cryptocoins News / Finance Magnates - 6 months ago
Cryptocurrencies have heralded a new era in digital banking by giving individuals unparalleled control and sovereignty over their possessions. This newfound independence, however, comes with a tremendous responsibility: the need to effectively secure...
Cryptocoins News / Finance Magnates - 6 months ago
Few events in the cryptocurrency and blockchain industries have prompted as much controversy and speculation as the recent testimony on FTX's supposed breakdown. FTX, previously regarded as a rising star among cryptocurrency exchanges, has suffered a...
Cryptocoins News / Finance Magnates - 6 months ago
The crypto custodian firm BitGo has acquired HeightZero, a software platform tailored for wealth managers looking to integrate cryptocurrencies and digital assets into their clients' portfolios. While the financial details of the deal were not disclo...
Cryptocoins News / Finance Magnates - 6 months ago
Mastercard, a multinational payment technology company, recently announced its entry into the world of Central Bank Digital Currencies (CBDCs). The company is now actively testing the tokenization of CBDCs, which has the potential to change the way d...
Cryptocoins News / Finance Magnates - 6 months ago
Binance.US has halted direct US dollar withdrawals from its platform. This change follows a series of regulatory actions by the US Securities and Exchange Commission (SEC). As a result, Binance.US' users are now required to convert their US dollar ho...
Cryptocoins News / Finance Magnates - 6 months ago
The global banking regulators have taken a significant step towards increasing transparency in the financial sector. The Basel Committee, comprising banking regulators from major global financial hubs, has introduced a proposal to enforce standardize...
Cryptocoins News / Finance Magnates - 6 months ago
The current volatility in the bitcoin market has many investors and industry experts questioning the interconnection of big players. Among the most pressing concerns is the fate of FTX, a popular bitcoin exchange site in recent years. While the reaso...
Cryptocoins News / Finance Magnates - 6 months ago
In its latest drive to improve liquidity, California-based crypto exchange Coinbase (Nasdaq: COIN) removed 80 non-USD trading pairs yesterday (Monday). The removed trading pairs were trading against Tether, Bitcoin, Ethereum, and fiats like the euro...
Cryptocoins News / Finance Magnates - 6 months ago
The European Securities and Markets Authority (ESMA), the EU's financial watchdog, today (Tuesday) issued statements urging member states and market participants to prepare for the transition to the Markets in Crypto-Assets Regulation (MiCA). The reg...
Cryptocoins News / Finance Magnates - 6 months ago
Governments are increasingly concerned about how to tax cryptocurrencies, notably Bitcoin, as they grow in popularity and influence in the financial world. In the United States, the Internal Revenue Service (IRS) has issued instructions for reporting...
Cryptocoins News / Finance Magnates - 6 months ago
The United States Securities and Exchange Commission (SEC) has unveiled its 2024 examination priorities report. It has shaded light on the regulatory body's areas of concern for the upcoming year. Notably, the report places a strong emphasis on the c...
Cryptocoins News / Finance Magnates - 6 months ago
Tether, the world's largest stablecoin company, is intensifying its efforts to curb the illegal use of cryptocurrencies for funding terrorism and other criminal activities. The company has been actively cooperating with law enforcement agencies world...
Cryptocoins News / Finance Magnates - 6 months ago
Hong Kong-based BC Technology Group Ltd. is considering the sale of its cryptocurrency platform, OSL, one of only two exchanges licensed under the city's digital-asset regulations introduced in June. Potential Buyers: OSL Eyed by BC TechnologyAnonymo...
Cryptocoins News / Finance Magnates - 6 months ago
Effective today (Monday), Binance will temporarily halt the registration of new users in the United Kingdom. This move is in response to the recent restrictions imposed by the Financial Conduct Authority (FCA), which prevented Binance's local partner...
Cryptocoins News / Finance Magnates - 6 months ago
The financial world has been keenly following regulatory developments in the United States with Bitcoin exchange-traded funds (ETFs). The Securities and Exchange Commission (SEC) recently faced a critical decision regarding the conversion of the Gray...
Cryptocoins News / Finance Magnates - 6 months ago
The bankrupt cryptocurrency exchange, FTX has staked crypto assets worth $150 million in Solana's SOL and Ethereum (ETH). Blockchain addresses connected to the crypto exchange show that over 5.5 million SOL, valued at $122 million, and over 24,000 ET...
Cryptocoins News / Finance Magnates - 6 months ago
UPDATE: After the original story was published, BlackRock denied rumors, stating that the US regulatory commission did not grant permission for the creation of the first spot Bitcoin ETF.The much-anticipated approval of the iShares Bitcoin ETF may so...
Cryptocoins News / Finance Magnates - 6 months ago
Stablecoins, a type of cryptocurrency meant to keep its value stable by linking it to a reserve asset, have received a lot of interest and popularity in recent years. While stablecoins are frequently viewed as a tool for minimizing volatility in the...
Cryptocoins News / Finance Magnates - 6 months ago
The emergence of Non-Fungible Tokens (NFTs) has caused a seismic upheaval in the worlds of digital art and advertising technology (adtech). These one-of-a-kind digital assets based on blockchain technology have expanded the possibilities for producer...
Cryptocoins News / Finance Magnates - 6 months ago
Upbit, a South Korean cryptocurrency exchange, announced that its Singapore entity has received In-Principal Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development paves the way for Upb...
Cryptocoins News / Finance Magnates - 6 months ago
The Australian government is proposing licensing cryptocurrency trading platforms, along with tighter oversight of customers’ funds. A proposal released today (Monday) detailed that Aussie crypto exchanges would need to obtain a license from the loca...
Cryptocoins News / Finance Magnates - 6 months ago
BlockFi's CEO Zac Prince testified today (Friday) in the ongoing case against Sam Bankman-Fried (SBF), highlighting a billion-dollar loss incurred by his crypto lending firm in connection with Alameda Research and FTX. According to a report by Coinde...
Cryptocoins News / Finance Magnates - 6 months ago
The rise of stablecoins has been nothing short of revolutionary. These digital currencies, which are frequently pegged to traditional assets such as the US dollar, have promised to transform the way corporations conduct international trade. But the b...
Cryptocoins News / Finance Magnates - 6 months ago
The cryptocurrency community has been buzzing with excitement as the Securities and Exchange Commission (SEC) considers whether to approve a Bitcoin exchange-traded fund (ETF). This potential crypto milestone begs the question: How popular would a sp...
Cryptocoins News / Finance Magnates - 6 months ago
An official from China's foreign exchange regulatory body has highlighted the potential benefits of "programmable features" within a central bank digital currency (CBDC) to enhance the effectiveness of monetary policy tools. China is actively develop...
