Cryptocoins News / Finance Magnates - 2 years ago
Coinbase Global (Nasdaq: COIN) has managed to beat the market estimates with its third-quarter revenue of $674.1 million and an adjusted loss of $0.01 per share. However, shares of the crypto exchange plummeted nearly 5 percent due to the missed tota...
Cryptocoins News / Finance Magnates - 2 years ago
After a five-week trial, a New York jury found FTX's Founder and former CEO, Sam Bankman-Fried, guilty of all seven counts of fraud, conspiracy, and money laundering. The sentencing for this crime is yet to be scheduled, tentatively set for March 28...
Cryptocoins News / Finance Magnates - 2 years ago
The Financial Conduct Authority (FCA) has updated its guidance for cryptoasset firms, following recent legislative changes that bring crypto promotions targeting UK consumers under its oversight. The new rules aim to enhance consumer understanding of...
Cryptocoins News / Finance Magnates - 2 years ago
Stablecoins, as opposed to extremely volatile cryptocurrencies such as Bitcoin and Ethereum, are intended to have a steady value, sometimes tethered to a fiat currency such as the US dollar. Because of this stability, stablecoins are increasingly bei...
Cryptocoins News / Finance Magnates - 2 years ago
PayPal has recently gone under the scrutiny of the United States Securities and Exchange Commission (SEC) as the Enforcement division issued a subpoena related to its US dollar-pegged stablecoin. The revelation of the SEC's action came to light on No...
Cryptocoins News / Finance Magnates - 2 years ago
SIX, the Swiss National Bank (SNB), and six commercial banks have embarked on a pilot project with a focus on tokenized central bank money for financial institutions, commonly referred to as wholesale central bank digital currency (wCBDC).Helvetia Ph...
Cryptocoins News / Finance Magnates - 2 years ago
The US Securities and Exchange Commission (SEC) has filed charges against SafeMoon, its Founder Kyle Nagy, SafeMoon US, and the company's top executives, John Karony and Thomas Smith. The regulator has revealed a fraudulent scheme related to the unre...
Cryptocoins News / Finance Magnates - 2 years ago
PayPal has received approval from the Financial Conduct Authority (FCA) to provide cryptocurrency services in the United Kingdom. According to the official FCA data, PayPal has been registered to offer "certain crypto asset activities" in the UK sinc...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase has opened crypto futures trading to eligible US investors. This development, unveiled in a recent blog post, followed the crypto exchange's achievement of regulatory clearance in August. The approval allowed Coinbase to operate as a futures...
Cryptocoins News / Finance Magnates - 2 years ago
BitGo, a U.S.-regulated cryptocurrency custody firm, obtained a cryptocurrency custody license from the German Federal Financial Supervisory Authority (BaFin). This development secures BitGo's presence in the European market.From New York Trust Chart...
Cryptocoins News / Finance Magnates - 2 years ago
Sam Bankman-Fried (SBF), the Founder of FTX, is racing against time to convince a Manhattan jury of his innocence in a high-stakes fraud trial. SBF faces seven criminal counts, which include wire fraud, securities fraud, and money laundering. If the...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase, a renowned digital asset company, recently made headlines with the launch of its Layer-2 network. This revolutionary development has the potential to transform the user experience and the efficiency of platform transactions. Understanding t...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange KuCoin has released the findings of a new survey offering insights into the crypto landscape in the United Arab Emirates (UAE). According to the report, the UAE's dynamic crypto landscape is on an upward trajectory despite...
Cryptocoins News / Finance Magnates - 2 years ago
Bitcoin has made great progress toward becoming a genuine asset class and a global store of value. However, its path to mainstream adoption in Europe has been fraught with complications. As a financial services trade publication, it is critical to in...
Cryptocoins News / Finance Magnates - 2 years ago
The Spanish Ministry of Economy and Digital Transformation has announced the European Union's Markets in Crypto-Assets (MiCA) Act. The first comprehensive crypto regulatory framework in the EU is set to be enacted on a national level in December 2025...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto exchange Bittrex received the green light from the US bankruptcy court yesterday (Monday) to shutter its US operations. The Judge also approved the exchange's liquidation plan to repay its remaining creditors.Bittrex Shuts in the USBittrex fil...
Cryptocoins News / Finance Magnates - 2 years ago
During his ongoing criminal trial, Sam Bankman-Fried (SBF) faced some tough questions from New York prosecutors today (Monday). The once prominent figure in the crypto industry found himself cross-examined on his past statements and admissions, inclu...
Cryptocoins News / Finance Magnates - 2 years ago
Asset manager VanEck has filed an amended application for a spot Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The filing, submitted on October 27, highlights a unique approach to seeding the fund...
Cryptocoins News / Finance Magnates - 2 years ago
The United Kingdom government has published today (Monday) an updated version of its plans to regulate the fiat-backed stablecoins, revealing the approach of the Financial Conduct Authority (FCA) and Bank of England.Upcoming Legislation on Stablecoin...
Cryptocoins News / Finance Magnates - 2 years ago
In a legal battle that has been simmering since last year, the cryptocurrency exchange Gemini has taken its dispute with digital asset lender Genesis to court over the rightful ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares. Gemin...
Cryptocoins News / Finance Magnates - 2 years ago
Thailand’s Kasikorn Bank (K-Bank) expanded its presence in the digital asset space with its latest acquisition of 97 percent stakes in the parent company of local crypto exchange Satang, Coindesk reported. The deal has been inked at a valuation of 3....
Cryptocoins News / Finance Magnates - 2 years ago
Despite being based on an internet meme, Dogecoin was the third-largest crypto in the portfolio of inventors, according to the exclusive data from TipRanks shared with Finance Magnates. Bitcoin topped the list, followed by Ethereum, the second-larges...
Cryptocoins News / Finance Magnates - 2 years ago
Zodia Custody is making its mark in Hong Kong as it extends its crypto security services to financial institutions in the region. Founded in 2020, the UK-based crypto arm of Standard Chartered aims to meet the institutional demand for crypto asset st...
Cryptocoins News / Finance Magnates - 2 years ago
Sam Bankman-Fried (SBF) faced the jury yesterday (Friday) and acknowledged the widespread fallout when the cryptocurrency exchange FTX, which he co-founded, crumbled. BBC reported that the 31-year-old entrepreneur, accused of deceiving investors and...
Cryptocoins News / Finance Magnates - 2 years ago
Bitfinex is under scrutiny by the regulators in the UK. The Financial Conduct Authority (FCA) raised concerns about the cryptocurrency exchange today (Friday), warning investors of potential risks associated with it. The regulator stated that Bitfine...
