Category : Finance Magnates

Finance Magnates

Crypto Exchange Bullish Terminates SPAC Merger Deal

The cryptocurrency exchange Bullish confirmed on Thursday the termination of its agreement with the special purpose acquisition company (<a href="https://www.financemagnates.com/tag/spac/" target="_blank" rel="fol...

CySEC Extends FTX EU’s CIF License Suspension to March 2023

The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of the Cyprus Investment Firm (CIF) license of the FTX (EU) Limited, the Cypriot subsidiary of the bankrupt cryptocurrency exchange...

US Court Grants Bail to Sam Bankman-Fried on Hefty $250M Bond

The US Federal District Court in Manhattan on Thursday agreed to release on bail Sam Bankman-Fried, the Co-Founder and former CEO of bankrupt cryptocurrency exchange, FTX. US Magistrate Judge Gabriel Gorenstein gr...

Android Trojan Targets 400 Crypto and Finance Apps

Users of popular banking and cryptocurrency apps for Android mobile devices should exercise extreme caution, warns Group-IB, a <a href="https://www.financemagnates.com/terms/c/cybersecurity/" target="_blank" id="...

SEC Charges Thor Token Creators for $2.6m ICO

The United States <a href="https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/" target="_blank" id="3718b4df-fc5f-479a-861e-f52759439c15_1" class="...

BTC Miner Northern Data Forecasts $204m in Revenue despite Industry Crisis

Northern Data (XETR:NB2), a publicly-listed <a href="https://www.financemagnates.com/terms/c/crypto-mining/" target="_blank" id="b7de0d78-81b9-460d-b33d-311d7d0dff0e_1" class="...

Sam Bankman-Fried’s Two Top Associates Plead Guilty to Criminal Charges

Two top associates of the Sam Bankman-Fried, Alameda Research’s former CEO, Caroline Ellison, and Alameda and FTX’s Co-Founder, Zixiao (Gary) Wang, who was the former CTO at <a href="https://www.financemagnates.com/tag/ftx/" tar...

Rebuilding Confidence in Crypto: What Will It Take to Recover from the FTX Fallout

The end of 2022 arrives after a long and unnerving bear market. What is worse, the events that led to the bear market shocked the crypto world and put even more question marks on its sustainability.The crypto market is now...

Australian Crypto Exchange Swyftx Shelves $1.5bn Merger with Superhero

Brisbane-based cryptocurrency exchange, Swyftx, and shares trading and superannuation platform, Superhero, have abandoned a merger deal they agreed to earlier in June. The deal was supposed to create “a $1.5 bill...

Bitfinex Defends Crypto Despite Industry’s ‘Multiple Crises’ in 2022

Bitfinex, a cryptocurrency exchange founded in December 2012, has said that “the future of our [cryptocurrency] industry is bright[er] now than ever,” despite the multiple crises that have rocked the industry this...

Has 2022 Left Any Crypto Positives?

By all accounts, 2022 has been a brutal year in the crypto markets, finally dominated, as we approach year-end, by the arrest in the Bahamas of the Founder of FTX, Sam Bankman-Fried, leading to speculation about his prospects after he is ext...

Ledger Stax Sets a Higher Standard for Crypto Hardware

A common complaint about crypto is that it is still relatively inaccessible, and can be intimidating and unintuitive for newcomers. This can refer to the underlying product itself, in the sense that prices are volatile. It...

Nigeria Seeks to Legalize Crypto as Investment Capital

Nigeria’s House of Representatives will soon pass into law a bill that legalizes digital assets as capital for investment, Babangida Ibrahim, the local chamber’s Chair for the Committee on Capital Market and Insti...

Gate.io to Launch US Services after Gaining State Licenses

Gate.io’s United States subsidiary, Gate US, announced on Monday that it had received multiple state licenses, thus gaining permission to operate a <a href="https://www.financemagnates.com/cryptocurrency/ftx-seeks-permission-to-sell-...

OneCoin Co-Founder Karl Greenwood Pleads Guilty to Wire Fraud

Karl Greenwood, the Co-Founder of OneCoin, the multi-billion dollar cryptocurrency pyramid scheme, has pleaded guilty to charges of wire fraud and money laundering in connection with his role in the fraudulent cry...

OneCoin's Co-Founder Karl Greenwood Pleads Guilty to Wire Fraud

Central Banks to Enforce Standard on Banks’ Exposure to Crypto in 2025

The Group of Central Bank Governors and Head of Supervision (GHOS) of the Bank for International Settlements (BIS) has endorsed a global prudential standard for banks’ exposure to crypto assets. In addition, the G...

FTX Seeks Permission to Sell 4 ‘Independent’ Subsidiaries

The collapsed crypto exchange, <a href="https://www.financemagnates.com/tag/ftx/" target="_blank" rel="follow">FTX</a> has filed a motion in the United States Bankruptcy Court seeking permission to s...

New York Regulator Mandates Crypto Permission for Banks

The New York Department of Financial Services (NYDFS) has published guidance that requires banking firms under the State of New York to seek advance permission from it before they or their authorized third-party a...

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

CSOP Asset Management, an investment advisor based in Hong Kong, will launch Bitcoin and Ether futures exchange-traded funds (ETS) on the Hong Kong Stock Exchange on Friday. However, ahead of th...

BaFin President Seeks Global Crypto Regulation

Germany, the largest economy in Europe, is seeking global crypto regulation amid market turmoils and fraud. Mark Branson, the President of the country's financial market regulator, <a href="https://www.financemagnates.com/crypto...

Can the Metaverse Facilitate Sustainable Growth of Defi Systems?

The development of the metaverse, as a virtual world that combines elements of the real world with digital creations and experiences, has the potential to generate a new economy. The metaverse could offer users various activities and applica...

Crypto Ponzi Schemes Forcount and IcomTech Charged with Fraud

Law enforcement agencies in the United States are continuously busting <a href="https://www.financemagnates.com/cryptocurrency/ohio-man-faces-criminal-charges-for-10-million-crypto-ponzi-scheme/" target="_blank" rel=&q...

Australia Aims to Regulate Crypto Under Financial System Makeover

The Australian government wants to legislate the cryptocurrency industry and crypto service providers in 2023, according to a country's Treasury statement released on Wednesday. The action is a part of a broader strategy to modernize...

US’ CFTC Charges Bankman-Fried, FTX.com and Alameda with Fraud

On Tuesday, the Commodity Futures Trading Commission (CFTC), the United States derivatives market regulator, charged Sam Bankman-Fried, the Founder and former CEO of bankrupt cryptocurrency exchange, FTX, with “f...

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