Cryptocoins News / Finance Magnates - 2 years ago
In the ever-evolving landscape of global finance, the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) have embarked on an unprecedented journey. Together, they are diving into the realm of tokenizat...
Cryptocoins News / Finance Magnates - 2 years ago
The world of cryptocurrency is once again buzzing with excitement as Bitcoin, the flagship digital asset, surpassed the $40,000 mark, hitting its highest level in the last 18 months. This surge is attributed to a combination of factors, including gro...
Cryptocoins News / Finance Magnates - 2 years ago
The first cryptocurrency company has just made its debut in Abu Dhabi's stock market with considerable success. Phoenix's shares jumped 50% after an initial public offering (IPO) worth $371 million. According to one of the company's Co-Founders, this...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto trading on Robinhood is gaining steam again as the American brokerage revealed a volume surge of 75 percent month-over-month in November. The figure followed a series of consecutive quarters (Q2 and Q3) during which Robinhood experienced a pl...
Cryptocoins News / Finance Magnates - 2 years ago
Brazil's largest private bank, Itaú Unibanco, has made its foray into the cryptocurrency space. The lender is offering a cryptocurrency trading service, initially dealing in Bitcoin and Ether, according to a report by Reuters. Itaú Unibanco’s expansi...
Cryptocoins News / Finance Magnates - 2 years ago
In the ever-evolving landscape of cryptocurrency, two disparate regions, Madeira and Singapore, offer compelling insights into their approaches to blockchain technology. While both share an interest in fostering blockchain ecosystems, their strategie...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrencies have become a popular and lucrative form of investment for many people around the world. However, they also come with tax implications that vary depending on the jurisdiction and the type of crypto activity undertaken. Here, we're go...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto markets are experiencing a notable uptick as Bitcoin (BTC) surpasses the $40,000 mark for the first time in 18 months, accompanied by Ethereum (ETH) breaching $2,200. These milestones come amidst a subdued but widespread rally in the crypt...
Cryptocoins News / Finance Magnates - 2 years ago
The US dollar value of Bitcoin has surpassed the $40,000 mark in the early Asian trading hours today (Monday). As of press time, the original cryptocurrency is inching closer to $49,000 apiece, gaining about 3.8 percent in the past 24 hours. A Remark...
Cryptocoins News / Finance Magnates - 2 years ago
The Swiss crypto bank SEBA Bank AG has rebranded to AMINA Bank AG. This move, announced on November 30, has been described by the company as a new era of potential growth for its clients globally. Franz Bergmueller, the CEO of AMINA Bank AG, mentione...
Cryptocoins News / Finance Magnates - 2 years ago
A class action lawsuit against Terraform Labs and its Co-Founders, filed in Singapore, will proceed. This is according to a decision by the High Court to dismiss the defendants' appeal. It marks an important milestone in a case initiated by Julian Mo...
Cryptocoins News / Finance Magnates - 2 years ago
The US Securities and Exchange Commission (SEC) is actively engaging with asset managers in anticipation of a crucial decision on the approval of a bitcoin exchange-traded fund (ETF), as revealed in memos released this week.SEC's Postponements: Aimin...
Cryptocoins News / Finance Magnates - 2 years ago
The Brazilian Senate has passed legislation proposing an income tax on crypto gains from offshore exchanges, awaiting final approval from the country's president. This proposal is slated for potential enactment on January 1.The bill aims to introduce...
Cryptocoins News / Finance Magnates - 2 years ago
In the complex realm of cryptocurrency regulation, the U.S. Treasury has boldly extended its reach, seeking expanded powers that transcend national borders. Deputy Secretary of the Treasury Wally Adeyemo's impassioned plea to Congress for extraterrit...
Cryptocoins News / Finance Magnates - 2 years ago
A recent court ruling has granted FTX permission to sell approximately $873 million worth of assets held in trust. Around $700 million of these assets are from Grayscale's primary offering, the Grayscale Bitcoin Trust (GBTC). The approval, dated Nove...
Cryptocoins News / Finance Magnates - 2 years ago
The regulatory struggles of crypto are evident. Despite the growing adoption of digital assets across almost every industry, there has been a significant lack of regulatory clarity. In the US, the Securities and Exchange Commission (SEC) has relentle...
Cryptocoins News / Finance Magnates - 2 years ago
As central banks globally tread into the realm of digital currencies, the European Central Bank (ECB) is at the center of a heated debate over the potential issuance of a digital euro. The European Parliament recently held a hearing that left lawmake...
Cryptocoins News / Finance Magnates - 2 years ago
The digital asset brokerage Fasset FZE has obtained a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Asset Regulatory Authority (VARA). This license marks the culmination of VARA's rigorous approval process and permits Fasset to o...
Cryptocoins News / Finance Magnates - 2 years ago
Soccer star Cristiano Ronaldo is entangled in a class-action lawsuit in the United States amounting to over $1 billion, involving his association with Binance. Plaintiffs have asserted that Ronaldo endorsed the crypto exchange, leading them to incur...
Cryptocoins News / Finance Magnates - 2 years ago
Paxos, a blockchain and tokenization infrastructure platform, has secured in-principle approvals from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA). The approvals pave the way for Paxos to issue USD and other cur...
Cryptocoins News / Finance Magnates - 2 years ago
The UK government has tightened its grip on unpaid crypto taxes, urging users to voluntarily disclose capital gains or income related to cryptocurrencies like Bitcoin, NFTs, and utility tokens. Crypto users in the UK have been advised to declare thei...
Cryptocoins News / Finance Magnates - 2 years ago
As the world hurtles into the future of decentralized finance and digital assets, regulatory bodies are grappling with the challenge of overseeing crypto firms that are beginning to emulate traditional banking services. In a recent interview, Andrea...
Cryptocoins News / Finance Magnates - 2 years ago
The list of financial regulatory commissions claiming that Binance operates in their jurisdiction without official permission has expanded again. The Securities and Exchange Commission Philippines (SEC) recently issued a warning regarding the exchan...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto custody and trading solutions company Copper, led by former British Chancellor Phillip Hammond, is expanding its services to include securities. This move aims to attract institutional investors by offering smart contracts and tokenized as...
Cryptocoins News / Finance Magnates - 2 years ago
Binance.US has made it clear that it is distinct from its parent company, stating that it operates independently and is not involved in the recent enforcement settlements against Binance and its Former CEO, Changpeng Zhao. The exchange has emphasized...
