Cryptocoins News / Finance Magnates - 1 month ago
South Korea's financial regulator is ramping up oversight of the virtual asset market. It is warning of severe consequences for illegal transactions just two months after implementing new protective legislation. Cryptocurrency scammers can now serve...
Cryptocoins News / Finance Magnates - 1 month ago
PayPal announced support for cryptocurrency for US business account holders. The fintech giant said the new service enables merchants to buy, hold, and sell digital assets directly through their PayPal business accounts. However, this new functionali...
Cryptocoins News / Finance Magnates - 1 month ago
EA Capital, a financial service provider focusing on blockchain technology in South Africa, has obtained a regulatory license in the region. The company received a Category I license as a Crypto Asset Service Provider from the Financial Sector Conduc...
Cryptocoins News / Finance Magnates - 1 month ago
Cryptocurrency exchange Kraken partnered with Bundesliga RB Leipzig in a sponsorship deal aimed at driving crypto adoption among German football fans. According to the official announcement, this collaboration will give fans an opportunity to engage...
Cryptocoins News / Finance Magnates - 1 month ago
The Financial Services Commission (FSC) of South Korea announced today (Wednesday) that it has approved the creation of a nonprofit organization aimed at protecting virtual assets for consumers in the event that a cryptocurrency exchange goes out of...
Cryptocoins News / Finance Magnates - 1 month ago
Coinbase and the US Securities and Exchange Commission renewed their legal tussle over the agency’s refusal to create specific rules for the crypto space. This legal confrontation in a Philadelphia appeals court highlighted the rift between the rapid...
Cryptocoins News / Finance Magnates - 1 month ago
One advantage that traders have in the traditional financial markets over cryptocurrency ones is the option to trade derivatives. Financial contracts for futures, options, and other derivatives have long been a backbone driving new investments and un...
Cryptocoins News / Finance Magnates - 1 month ago
Kraken has announced the completion of its acquisition of Coin Meester B.V. (BCM) today (Tuesday). This acquisition is a part of Kraken's strategy to grow in Europe.With BCM, one of the oldest registered crypto brokers in the Netherlands, Kraken has...
Cryptocoins News / Finance Magnates - 1 month ago
eToro has expanded services around cryptocurrencies in Germany with the launch of spot trading, the company announced. Until now, it has only allowed its German customers to trade cryptocurrency contracts for differences (CFDs).Spot Trading with Loca...
Cryptocoins News / Finance Magnates - 1 month ago
After months of disputes, Bitcoin miners Bitfarms and Riot Platforms have resolved their differences, leading to changes in the Board of Directors of the former. In the settlement, announced on September 23, Andrés Finkielsztain has stepped down from...
Cryptocoins News / Finance Magnates - 1 month ago
Sygnum, a digital assets banking group based in Zurich and Singapore, announced that it has obtained a crypto license in Liechtenstein. The license was granted to its subsidiary in the country, allowing it to offer regulated digital asset services, i...
Cryptocoins News / Finance Magnates - 1 month ago
The digital asset market rallied last week, recording a substantial influx of $321 million in investments. This upward trend followed the Federal Open Market Committee's (FOMC) surprising 50 basis point interest rate cut. Rising Bitcoin InflowsAccord...
Cryptocoins News / Finance Magnates - 1 month ago
The internet’s evolution from Web1 to Web2 marked a massive shift in how we interact with content. In the days of Web1, most of us were passive observers. We consumed content, clicked through web pages, and absorbed the information in front of us. Bu...
Cryptocoins News / Finance Magnates - 1 month ago
A recent study by BaFin indicates a growing trend among younger investors. Many individuals aged 18 to 45 are turning to social media for financial information. This shift is particularly evident in the land of cryptocurrencies, which are gaining pop...
Cryptocoins News / Finance Magnates - 1 month ago
Australian regulators are reportedly drafting updated guidance that will require cryptocurrency exchanges to obtain financial services licenses. This will expand the current licensing requirements, which apply primarily to digital currency exchanges....
Cryptocoins News / Finance Magnates - 1 month ago
US Vice President Kamala Harris, who is running to be the next US President, mentioned cryptocurrencies for the first time in public during a Wall Street fundraiser. She vowed to encourage investment in “digital assets” along with other modern techno...
Cryptocoins News / Finance Magnates - 1 month ago
US Vice President Kamala Harris, who is running to be the next US President, mentioned cryptocurrencies for the first time in public during a Wall Street fundraiser. She vowed to encourage investment in “digital assets” along with other modern techno...
Cryptocoins News / Finance Magnates - 2 months ago
A legal battle between Consensys and the US Securities and Exchange Commission (SEC) took a new turn after a Texas federal court dismissed Consensys' lawsuit against the regulator. The dismissal was based on the court's decision that the important is...
Cryptocoins News / Finance Magnates - 2 months ago
Crypto.com has secured full approval from the Central Bank of Bahrain to provide payment service provider (PSP) services. This approval was granted to its subsidiary, FORIS GFS BH B.S.C. CLOSED, registered in Bahrain. This marks another regulatory ac...
Cryptocoins News / Finance Magnates - 2 months ago
The US Securities and Exchange Commission (SEC) has requested an additional four months to produce documents in the legal tussle with Coinbase. In a recent filing with the US District Court for the Southern District of New York, the regulator argued...
Cryptocoins News / Finance Magnates - 2 months ago
Silvergate Capital has filed for bankruptcy to close its operations, marking the final chapter for the parent company of Silvergate Bank, Reuters reported. The La Jolla-based institution shut down operations earlier in 2023 following a crippling run...
Cryptocoins News / Finance Magnates - 2 months ago
Financial fraud and scams on social media have been rampant globally, and now the Securities and Exchange Commission (SEC) has taken its first action against such illegal activities. The regulator has announced it charged five entities and three indi...
Cryptocoins News / Finance Magnates - 2 months ago
Although August was one of the worst months for Bitcoin (BTC) price this year, retail investor activity on leading centralized exchanges rebounded significantly. Reaching nearly $910 billion, August volumes hit their highest levels since May 2024. Ho...
Cryptocoins News / Finance Magnates - 2 months ago
In the first half of this year, Victor Gherbovet, who previously collaborated with the FX/CFD broker Admirals for over a decade, decided to launch his own software-as-a-service (SaaS) technology company, FirstByt. Now, as Finance Magnates exclusively...
Cryptocoins News / Finance Magnates - 2 months ago
The Securities and Exchange Commission (SEC) has taken action against another decentralized finance lending platform, as the regulator charged Rari Capital and its co-founders, alleging that they operated an unregistered broker, offered unregistered...
