Cryptocoins News / Finance Magnates - 7 months ago
As a part
of a broader crackdown on fraudulent crypto operations in the USA, one of the
masterminds behind the AirBit Club has been sentenced to 12 years in prison.
Pablo Renato Rodriguez, who has run a global crypto Ponzi scheme with his
co-conspira...
Cryptocoins News / Finance Magnates - 7 months ago
In a
continuous effort to uphold transparency within the cryptocurrency industry,
OKX has released its eleventh straight monthly Proof of Reserves (PoR) report.
The most recent disclosure reveals a significant holding of $11.2 billion,
primarily in...
Cryptocoins News / Finance Magnates - 7 months ago
San Francisco-headquartered Kraken has cemented its European presence with an e-money institution (EMI) authorization from the Central Bank of Ireland and registration with the Bank of Spain as a virtual asset service provider (VASP).EU Registrations...
Cryptocoins News / Finance Magnates - 7 months ago
Another
major retail bank in the United Kingdom has blocked cryptocurrency
transactions. Following Santander and NatWest, it is now JPMorgan's British
retail arm, Chase UK. Although the decision was officially made due to the
increasing number of cry...
Cryptocoins News / Finance Magnates - 7 months ago
The Australian financial market regulator has taken enforcement action against Bobbob Pty Ltd, a fintech company, for misleading representation of a crypto-asset-linked investment product.ASIC Fines BobbobAccording to the announcement today (Wednesda...
Cryptocoins News / Finance Magnates - 7 months ago
As the world of
cryptocurrency continues to expand, Bitcoin remains the most well-known and
extensively used digital currency. It has established itself as a valuable
store of value and a potential inflation hedge. However, many fans and
investors ar...
Cryptocoins News / Finance Magnates - 7 months ago
Coinbase has suspended its plans to acquire FTX Europe, a
move that was aimed at enabling it to enter into the European derivatives
market. This turn of events happened as a response to the regulatory challenges
in the US crypto market. Coinbase targ...
Cryptocoins News / Finance Magnates - 7 months ago
MoneyGram International, Inc. has announced plans to launch
a non-custodial digital wallet. Scheduled for release in Q1 2024, this wallet aims to enhance cross-border payments. It offers consumers a
bridge between fiat and digital currencies.This ann...
Cryptocoins News / Finance Magnates - 7 months ago
Taiwan's Financial Supervisory Commission (FSC) has
introduced a set of stringent rules, effectively banning unregistered foreign
cryptocurrency exchanges from operating within the country. This action occurs
as part of Taiwan's commitment to enhanci...
Cryptocoins News / Finance Magnates - 7 months ago
Sam Bankman-Fried, the Founder of the now-defunct cryptocurrency
exchange FTX, has made a renewed request for temporary release from jail as he
awaits trial, according to a letter submitted by his legal team to the
overseeing judge.Renewed
Plea: Bank...
Cryptocoins News / Finance Magnates - 7 months ago
In a move
to bolster retail investors' protection, Hong Kong's Securities and Futures
Commission (SFC) has announced a series of new measures this week. These
initiatives come on the heels of the JPEX crypto exchange debacle, which
exposed vulnerabil...
Cryptocoins News / Finance Magnates - 7 months ago
Taiwan's cryptocurrency industry is taking steps towards
establishing an industry association in collaboration with its financial
regulator. This move comes ahead of the expected release of official guidelines
later this week.Cryptocurrency Sector in...
Cryptocoins News / Finance Magnates - 7 months ago
To
boost the adoption of Web3 technologies and digital assets in Japan, the cryptocurrency exchange Binance and Japan's largest bank, the Mitsubishi UFJ
Trust and Banking Corporation (MUTB), have announced a joint study to explore
the issuance of sta...
Cryptocoins News / Finance Magnates - 7 months ago
Binance has reopened its services in Belgium by resuming its registration for the residents after a suspension for about three months, the crypto exchange giant announced yesterday (Monday).“We are delighted to announce that as of today, new registra...
Cryptocoins News / Finance Magnates - 7 months ago
Hong Kong-based Mixin
Network, a blockchain protocol aiming to tackle scalability challenges, has
fallen victim to a massive cyberattack resulting in losses nearing $200
million. The cyber heist, which is considered the largest of its kind this
yea...
Cryptocoins News / Finance Magnates - 7 months ago
Huobi Global's
HTX exchange fell victim to a major hack on September 24, resulting in the loss
of $7.9 million worth of digital assets. The breach was brought to light by the blockchain analytics platform Cyvers, sending shockwaves through the crypto...
Cryptocoins News / Finance Magnates - 7 months ago
Few names in
the world of cryptocurrencies are as well-known as Bitcoin. Bitcoin has been a
wild ride of highs and lows, attracting the attention of investors,
authorities, and enthusiasts alike. Bitcoin's price has recently fluctuated
significantly,...
Cryptocoins News / Finance Magnates - 7 months ago
Hong Kong’s Securities and Futures Commission (SFC) is bringing transparency following the arrests involving JPEX with the publication of the list of all virtual asset trading platforms (VATPs) applicants. It will also “enhance and issue a dedicated...
Cryptocoins News / Finance Magnates - 7 months ago
To
expand global crypto derivatives offerings, Coinbase considered the acquisition
of FTX's European entity following FTX's bankruptcy in November. The
discussions did not progress to an advanced stage. However, this move
highlights Coinbase's growin...
Cryptocoins News / Finance Magnates - 7 months ago
San Francisco-headquartered crypto exchange Coinbase (Nasdaq: COIN) has solidified its presence in Europe with the latest registration from the Bank of Spain. With this, Coinbase has become a cryptocurrency exchange and custodian wallet provider in S...
Cryptocoins News / Finance Magnates - 7 months ago
CoinShares
has announced the establishment of its hedge fund division, CoinShares Hedge
Fund Solutions. The company will be extending its offerings to qualified U.S.
investors, marking its expansion beyond its European base.CoinShares
Targets Institu...
Cryptocoins News / Finance Magnates - 7 months ago
Hong Kong influencer Joseph Lam has disassociated
himself from the crypto platform JPEX, denying any allegation in the unfolding investigation of the exchange. Lam held a press conference yesterday (Friday), revealing that he had not
only closed hi...
Cryptocoins News / Finance Magnates - 7 months ago
The U.S. Securities and
Exchange Commission (SEC) announced that Citadel Securities had settled
charges of violating Regulation SHO, a law aimed at controlling
short-selling practices. This violation pertained to Citadel Securities'
alleged failure t...
Cryptocoins News / Finance Magnates - 7 months ago
The cryptocurrency exchange CoinEx is making a
comeback after a devastating $70 million hack. The exchange announced today (Friday) that it had taken measures to rebuild its wallet system and ensure the safety
and security of its users' assets.As a r...
Cryptocoins News / Finance Magnates - 7 months ago
Core
Scientific, a bankrupt cryptocurrency miner, is set to purchase 27,000 Bitcoin
mining servers from Bitmain in a substantial transaction valued at $77 million,
as disclosed in a recent press release. The acquisition comprises $23.1 million
in cas...