Cryptocoins News / Finance Magnates - 8 months ago
Bybit, one of the top global crypto exchanges, has obtained a provisional license from the Dubai regulator, only two years after establishing its headquarters in the Middle Eastern city. This move brings the platform closer to becoming a fully licens...
Cryptocoins News / Finance Magnates - 8 months ago
Sam Bankman-Fried, the former crypto billionaire who was convicted of fraud and sentenced to 25 years in prison, has formally appealed his conviction and requested a new trial. In the 102-page appeal, the legal representatives of the FTX founder accu...
Cryptocoins News / Finance Magnates - 9 months ago
The United States Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance. The updated legal filings now include a wider range of tokens, with Axie Infinity among those listed as securities.In the latest update to the SEC v....
Cryptocoins News / Finance Magnates - 9 months ago
Kraken, which is facing several allegations brought by the Securities and Exchange Commission (SEC), is now seeking a jury trial in the lawsuit against it, according to a court filing on Thursday. The exchange also argued that the existing legal fram...
Cryptocoins News / Finance Magnates - 9 months ago
MoonPay has been registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration may allow the company to establish local payment processing relationships...
Cryptocoins News / Finance Magnates - 9 months ago
HTX has announced a collaboration with IBEX, a fintech company promoting innovations on the Bitcoin Lightning Network. This collaboration aims to promote faster, more affordable Bitcoin transactions while targeting emerging markets, including Asia, L...
Cryptocoins News / Finance Magnates - 9 months ago
The difficulty of mining Bitcoin (BTC) has surged to unprecedented levels, intensifying competition among publicly listed cryptocurrency miners from Wall Street and putting pressure on their profit margins. Despite the “miners go BRRR” (reference to...
Cryptocoins News / Finance Magnates - 9 months ago
UK lawmakers introduced a bill in Parliament yesterday (Wednesday) that defines digital assets as “personal property” and categorises them as “things.” The proposed Property (Digital Assets etc) Bill would specify the category of digital holdings, in...
Cryptocoins News / Finance Magnates - 9 months ago
Commodity Futures Trading Commission (CFTC) has formed partnerships with several organizations to raise awareness about cryptocurrency relationship investment scams dubbed "pig butchering." The regulator's Office of Customer Outreach and Education (O...
Cryptocoins News / Finance Magnates - 9 months ago
Cryptocurrency exchange Bitget has ramped up its regulatory compliance efforts with the recent appointment of Hon Ng as its new Chief Legal Officer. Ng, who previously held a similar role at industry giant Binance, brings a wealth of experience in na...
Cryptocoins News / Finance Magnates - 9 months ago
Bitget Wallet has reached a new milestone of 12 million monthly active users (MAUs), becoming the most downloaded Web3 wallet in August 2024. The application was downloaded nearly 2 million times last month, surpassing popular competitors such as Tru...
Cryptocoins News / Finance Magnates - 9 months ago
ENS Labs, the organization responsible for the Ethereum Name Service (ENS), has announced integration with PayPal and Venmo. This move allows users of these popular payment platforms to utilize their ENS names when transferring cryptocurrency. The fe...
Cryptocoins News / Finance Magnates - 9 months ago
For many years, crypto has been fended off accusations of being a solution in search of a problem. Another way of putting it is that product-market fit is an issue, or that crypto needs a killer app. It’s worth distinguishing here also between bitcoi...
Cryptocoins News / Finance Magnates - 9 months ago
Standard Chartered announced today (Tuesday) that it has started offering digital asset custody services in the United Arab Emirates. Brevan Howard Digital, the digital asset division of the British hedge fund, is the first client to use these servic...
Cryptocoins News / Finance Magnates - 9 months ago
Coinbase's legal troubles deepened last week after a US judge allowed a class action lawsuit from shareholders to move forward. The lawsuit claims the crypto exchange misled investors about its exposure to regulatory risks, particularly from the US S...
Cryptocoins News / Finance Magnates - 9 months ago
Tokocrypto, a member of the Binance group, has been granted the Physical Crypto Asset Trader (PFAK) license by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). In 2024, Tokocrypto’s user base has expanded to over 4.5 million, and t...
Cryptocoins News / Finance Magnates - 9 months ago
At the end of August, the court agreed with the Australian Securities and Investment Commission (ASIC), confirming that the cryptocurrency exchange Kraken violated local regulations by offering margin products to retail clients. However, the company...
Cryptocoins News / Finance Magnates - 9 months ago
The Kazakhstan-based unit of Binance has received formal consent from the Astana Financial Services Authority (AFSA) to grant it a full regulatory licence, the crypto exchange announced today (Friday).Sealing Its Presence in KazakhstanWith this, it h...
Cryptocoins News / Finance Magnates - 9 months ago
The Kazakhstan-based unit of Binance has received formal consent from the Astana Financial Services Authority (AFSA) to grant it a full regulatory license, the crypto exchange announced today (Friday).Sealing Its Presence in KazakhstanWith this, it h...
Cryptocoins News / Finance Magnates - 9 months ago
Mastercard has expanded its support for non-custodial wallets through a new partnership with Mercuryo, a European crypto payments provider. This collaboration introduces a euro-denominated crypto debit card that allows users to spend digital assets d...
Cryptocoins News / Finance Magnates - 9 months ago
Several major publicly-traded Bitcoin (BTC) miners from Wall Street have reported decreased production for August, highlighting ongoing challenges in the cryptocurrency mining sector.Wall Street Bitcoin Miners Report Lower August ProductionArgo Block...
Cryptocoins News / Finance Magnates - 9 months ago
The cryptocurrency arm of the zero-free trading giant Robinhood has agreed to pay $3.9 million to settle allegations by California's Attorney General that it violated state commodities law by prohibiting customers from withdrawing cryptocurrency from...
Cryptocoins News / Finance Magnates - 9 months ago
Trustpilot, a platform where real users provide reviews, has disabled the “TrustScore” of crypto exchange Binance, alleging the detection of “a number of fake reviews for this company.” The review platform has already removed the fake reviews.Fake Re...
Cryptocoins News / Finance Magnates - 9 months ago
The US Commodity Futures Trading Commission charged decentralized exchange (DEX) developer Uniswap Labs with offering illegal leveraged and margined commodities transactions. The two parties simultaneously settled the charges with a payment of $175,0...
Cryptocoins News / Finance Magnates - 9 months ago
In response to what it describes as a hostile takeover attempt, Bitfarms has strongly rejected claims made by Riot Platforms, accusing Riot of trying to undermine the company for its own gain. The conflict between the two Bitcoin mining giants has es...
