Cryptocoins News / Finance Magnates - 2 years ago
US crypto companies have made last-minute changes to their spot Bitcoin exchange-traded fund (ETF) applications and are now anticipating a green light from the Securities and Exchange Commission (SEC). At least eight applicants had amended their fili...
Cryptocoins News / Finance Magnates - 2 years ago
Only a few hours before the new year started, cybercriminals exploited Orbit Bridge, a bridging service of the cross-chain protocol Orbit Chain, resulting in the theft of about $82 million worth of cryptocurrencies. Orbit Chain officially confirmed t...
Cryptocoins News / Finance Magnates - 2 years ago
CatalX CTX Ltd., the company behind the Canadian crypto exchange Catalyx, has taken the unprecedented step of suspending all trading, deposits, and withdrawals in the wake of a security breach. The breach has reportedly resulted in the loss of some c...
Cryptocoins News / Finance Magnates - 2 years ago
South Korean lawmakers have conducted crypto transactions totaling over 125.6 billion won ($97.6 million) over the past three years, according to the data revealed by the country's Anti-Corruption and Civil Rights Commission today (Friday). Inspectio...
Cryptocoins News / Finance Magnates - 2 years ago
The Indian government has issued show cause notice to nine popular offshore virtual digital assets service providers under the local anti-money laundering laws. The announcement yesterday (Thursday) further detailed that the Financial Intelligence Un...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange Binance witnessed significant growth in its user base in 2023, according to its recently released year-end report. The company added over 40 million registered users this year, representing an increase of 30% compared to 2...
Cryptocoins News / Finance Magnates - 2 years ago
The creditors of the collapsed crypto exchange Mt. Gox woke up to a surprise as some had received the settlement proceeds twice. Now, the trustee is sending emails to such creditors asking for a refund for the excess amount.Mt. Gox Creditors Receive...
Cryptocoins News / Finance Magnates - 2 years ago
In a recent panel discussion hosted at the Finance Magnates London Summit (FMLS:23), prominent figures in the digital asset industry shared crucial insights into the evolving landscape of crypto regulation. The panel, moderated by Erwin Voloder, the...
Cryptocoins News / Finance Magnates - 2 years ago
Japan’s Monex Group is diving further into digital currencies as it has agreed to acquire a majority stake in 3iQ Digital Holdings, a Canadian crypto asset management company. However, the announcement today (Thursday) did not elaborate on the acquis...
Cryptocoins News / Finance Magnates - 2 years ago
The troubled crypto exchange Bitzlato has suspended withdrawals and technical support to its customers, calling it a “temporary measure.” The suspension occurred weeks after the co-founder and former CEO of the exchange, Anatoly Legkodymov, pled guil...
Cryptocoins News / Finance Magnates - 2 years ago
In a recent report released by security app De.Fi, researchers revealed that cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023. Although this represented a significant reduction from the previous year, it underscores...
Cryptocoins News / Finance Magnates - 2 years ago
While crypto has always been scrutinized for potentially driving illicit transactions, the limelight has been intensified recently, especially on leading exchanges with accusations of being used by criminal and terrorist groups. Binance’s recent hist...
Cryptocoins News / Finance Magnates - 2 years ago
The authorities in Hong Kong are exploring regulating stablecoins, as the latest consultation paper proposed the regulation of fiat-referenced stablecoins (FRS). If the proposed rules are implemented, stablecoin issuers in Hong Kong must obtain a loc...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrencies are still in use in China as the authorities in the country have cracked down on a $2.2 billion underground banking operation that used crypto trading platforms to circumvent the local forex rules, local media reported.A Massive Unde...
Cryptocoins News / Finance Magnates - 2 years ago
After a wait of ten long years, the creditors of the now-defunct crypto exchange Mt. Gox are receiving compensation. Several Mt. Gox creditors have taken to social media to confirm receiving payments for their blocked Bitcoin deposits in fiats.Commen...
Cryptocoins News / Finance Magnates - 2 years ago
The Securities and Exchange Commission (SEC) has set a deadline of 29 December 2023 for the spot Bitcoin exchange-traded funds (ETF) applicants to finalize the filings. According to Reuters, the agency met the representatives of at least seven compan...
Cryptocoins News / Finance Magnates - 2 years ago
Followers of the crypto industry with an interest in the UK may recall positive messages emanating from the British authorities throughout 2023. According to Prime Minister Rishi Sunak, speaking at a London launch event for the heavily crypto-investe...
Cryptocoins News / Finance Magnates - 2 years ago
The authorities in Bulgaria have closed the investigation against crypto lending platform Nexo, citing a lack of evidence to support the allegations. As confirmed yesterday (Friday) by the Bulgarian News Agency, the Prosecutor's Office highlighted th...
Cryptocoins News / Finance Magnates - 2 years ago
The Securities and Exchange Commission (SEC) has been reluctant on approving a spot Bitcoin exchange-traded fund (ETF), but according to Dr Zvi Gabbay, a partner and the head of the Capital Markets Department at the Barnea & Co. law firm, giants...
Cryptocoins News / Finance Magnates - 2 years ago
Paxos, a regulated blockchain and tokenization infrastructure platform, has announced a strategic move to broaden its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this expansion marks a milestone for Paxos'...
Cryptocoins News / Finance Magnates - 2 years ago
Bitget Wallet, a Web3 trading wallet, has unveiled a plan focusing on product research, development, and increased investments. This initiative aims to provide users with enhanced trading options and an improved overall asset management experience wi...
Cryptocoins News / Finance Magnates - 2 years ago
To address economic challenges, Argentina's new government, led by President Javier Milei, has officially legalized the use of Bitcoin and other cryptocurrencies for contract settlements and payments. This announcement was made by Diana Mondino, the...
Cryptocoins News / Finance Magnates - 2 years ago
France is becoming a favorite for crypto firms as Coinbase becomes the latest to obtain a visual asset service provider (VASP) registration in the country. With this, the American exchange can offer its “full suite of retail, institutional, and ecosy...
Cryptocoins News / Finance Magnates - 2 years ago
Circle, the global financial technology firm and issuer of USDC and EURC, has announced the attainment of a conditional registration as a Digital Asset Service Provider (DASP) with the French Financial Markets Authority. Alongside this achievement, t...
Cryptocoins News / Finance Magnates - 2 years ago
A court has frozen up to $1.14 billion in assets belonging to the founders of Three Arrows Capital (3AC), a now-defunct cryptocurrency hedge fund. The order prevents Su Zhu, Kyle Davies, and Davies' wife, Kelly Chen, from transferring or selling thes...
