Cryptocoins News / Finance Magnates - 6 months ago
SIX Digital Exchange (SDX) has announced transactions exceeding 1 billion Swiss Francs (CHF) in digital asset issuance. This was marked by the settlement of a CHF 200 million bond by the World Bank, which was priced on May 15. The collaboration betwe...
Cryptocoins News / Finance Magnates - 6 months ago
New York Attorney General Letitia James has finalized a settlement worth $2 billion with the bankrupt cryptocurrency firms Genesis Global Capital, LLC, Genesis Asia Pacific PTE, LTD., and Genesis Global Holdco, LLC (collectively known as Genesis). Th...
Cryptocoins News / Finance Magnates - 6 months ago
OKX Ventures, the investment division of the crypto exchange and Web3 technology company OKX, has announced its investment in Bitlayer. Bitlayer is recognized as the first Bitcoin security-equivalent Layer 2 solution based on BitVM.Introducing Soluti...
Cryptocoins News / Finance Magnates - 6 months ago
On its sixth anniversary and surpassing the milestone of 10 million customers, the cryptocurrency exchange BingX presented its strategic development strategy titled "ExpansionX," under which it plans to implement a range of new products and expand it...
Cryptocoins News / Finance Magnates - 6 months ago
Genesis Global, a bankrupt crypto lender, has received court approval to distribute $3 billion in cash and cryptocurrencies to its creditors. However, the decision excludes its parent Digital Currency Group (DCG) from receiving any recovery from the...
Cryptocoins News / Finance Magnates - 6 months ago
To bolster its institutional trading offerings, popular crypto exchange OKX has announced a collaboration with Hidden Road Partners, a credit network for institutions. The partnership aims to provide Hidden Road's clients with access to OKX's deep li...
Cryptocoins News / Finance Magnates - 6 months ago
A Nigerian court's ruling today (Friday) has paved the way for Binance executive Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Alongside Gambaryan, a US citizen and Head of Financial Crimes C...
Cryptocoins News / Finance Magnates - 6 months ago
The Financial Crimes Compliance department of Binance has partnered with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to address a money laundering case involving 200 million New Taiwan dollars ($6.2 mi...
Cryptocoins News / Finance Magnates - 6 months ago
BitConnect’s national promoter in Australia, John Bigatton, pled guilty to his role in promoting the scam after three and a half years of his indictment. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the cou...
Cryptocoins News / Finance Magnates - 6 months ago
The virtual asset management provider HashKey Capital Limited has secured both Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first licensed corporation to offer a complete suite of securities and v...
Cryptocoins News / Finance Magnates - 6 months ago
Chicago Mercantile Exchange (CME), known for operating one of the largest US-based futures exchanges, is planning to offer spot Bitcoin trading to its clients, according to a report by the Financial Times.CME Expansion in Crypto MarketsAlthough not o...
Cryptocoins News / Finance Magnates - 6 months ago
The cryptocurrency exchange Bybit has experienced significant growth over the past year and, after five years of operation, has surpassed 20 million users. However, its expansion is not as dynamic in some regions due to local regulatory challenges.On...
Cryptocoins News / Finance Magnates - 6 months ago
BVNK, a payments infrastructure provider, has declared the integration of PayPal USD (PYUSD), a stablecoin, into its platform. The issuance of PYUSD is solely handled by Paxos Trust Company, under the regulatory oversight of the New York Department o...
Cryptocoins News / Finance Magnates - 6 months ago
The authorities in Canada have arrested Aiden Pleterski, who called himself the “Crypto King,” and charged him with fraud and money laundering. He allegedly swindled investors out of CAD 40 million (about USD 30 million) with his crypto and foreign e...
Cryptocoins News / Finance Magnates - 6 months ago
Binance has introduced spot copy trading to enable traders to replicate expert trading strategies. The new feature allows users to automatically replicate the trades of lead traders. Unlike futures trading, which involves leverage and heightened risk...
Cryptocoins News / Finance Magnates - 6 months ago
Stablecoin issuer Circle plans to move its legal base from Ireland to the US, according to recent court filings, Bloomberg reported. This action is significant for the company behind the second-largest stablecoin, USDC, ahead of its anticipated initi...
Cryptocoins News / Finance Magnates - 6 months ago
Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage's UK entity can now trade four crypt...
Cryptocoins News / Finance Magnates - 6 months ago
Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the brokerage has announced its first crypto staking services for Solana holders...
Cryptocoins News / Finance Magnates - 6 months ago
The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of the popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that...
Cryptocoins News / Finance Magnates - 6 months ago
A court in the United Kingdom has ordered the winding up of Amey Finance Academy, which offered cryptocurrency investment advice, after many of its customers lost their money. The company even had ties with a $1.7 billion crypto Ponzi scheme and told...
Cryptocoins News / Finance Magnates - 6 months ago
Paxos, a regulated blockchain and tokenization infrastructure platform, announced today the appointment of J. Christopher Giancarlo, former Chairman of the US Commodity Futures Trading Commission (CFTC), to its board of directors.Paxos Scores Regulat...
Cryptocoins News / Finance Magnates - 6 months ago
After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volu...
Cryptocoins News / Finance Magnates - 6 months ago
The services of cryptocurrency exchange Coinbase have been restored after a “system-wide outage” of over three hours. The exchange confirmed that its functionalities are “now fully recovered.”Coinbase is now fully recovered. We appreciate your patien...
Cryptocoins News / Finance Magnates - 6 months ago
To enhance financial services for customers across the UK and European Economic Area (EEA), OpenPayd, an embedded finance and Banking-as-a-Service (BaaS) platform, has announced a strategic partnership with Wirex, a Web3 money app. This collaboration...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase, the largest cryptocurrency exchange in the US, is “experiencing a system-wide outage” that has directly impacted its services. Both desktop and mobile platforms of the crypto exchange are not working.Coinbase Is DownThe reason behind the ou...
