Cryptocoins News / Finance Magnates - 2 years ago
As we step into 2024, the journey of Central Bank Digital Currencies (CBDCs) unfolds with intriguing developments, reshaping the economic identity of nations. Two recent reports shed light on the divergent paths taken by central banks, emphasizing th...
Cryptocoins News / Finance Magnates - 2 years ago
The Central Bank of Ireland has officially recognized Ripple, the company behind the cryptocurrency XRP, by including its Irish subsidiary, Ripple Markets Ireland Limited, in the list of registered Virtual Asset Service Providers (VASP).Ireland Embra...
Cryptocoins News / Finance Magnates - 2 years ago
Only a couple of days after reports emerged about Revolut limiting its crypto services in the UK, the fintech firm has launched crypto trading services in New Zealand. These services will be available to customers in the country starting today (Wedne...
Cryptocoins News / Finance Magnates - 2 years ago
FTX has entered into a settlement with the liquidators of its unit in the Bahamas. This agreement involves the consolidation of assets and adopting a unified approach to valuing customers’ claims.According to a statement shared with PR Newswire, this...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase Derivatives Exchange, a futures exchange licensed by the U.S. Commodity Futures Trading Commission , has announced the availability of its crypto futures products on the Trading Technologies International, Inc. (TT) platform. Trading Technol...
Cryptocoins News / Finance Magnates - 2 years ago
The Court of Appeal of Montenegro has overturned a decision allowing for the extradition of Do Kwon, the Former CEO of Terraform Labs, to either the United States or South Korea. Instead, Kwon's defense has successfully appealed this matter based on...
Cryptocoins News / Finance Magnates - 2 years ago
The latest reports of Revolut limiting its crypto offerings to UK businesses raised many questions about Britain’s plan to embrace the digital currency industry. Meanwhile, with its incoming Markets in Crypto-Assets (MiCA) Regulation, the neighborin...
Cryptocoins News / Finance Magnates - 2 years ago
Changer.ae Ltd, a crypto custodian service, has officially unveiled its platform, offering individuals worldwide a solution for managing their digital assets. The platform, regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi...
Cryptocoins News / Finance Magnates - 2 years ago
A United States court yesterday (Monday) entered an order against Binance and its former CEO, Changpeng Zhao, approving the massive settlement against the charges brought by the Commodity Futures Trading Commission (CFTC).“In formalizing the settleme...
Cryptocoins News / Finance Magnates - 2 years ago
Revolut will temporarily halt certain cryptocurrency services for its business customers in the UK. This step is a response to upcoming regulatory changes by the Financial Conduct Authority (FCA). According to a report by City A.M., the fintech firm...
Cryptocoins News / Finance Magnates - 2 years ago
In a groundbreaking move that could reshape the landscape of cross-border payments, Japan's global payment giant, JCB, has joined forces with identity technology firm IDEMIA and Malaysian fintech company Soft Space to launch the second phase of the J...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto exchange platform OKX launched OKX Futures on December 15, 2023. This move, aimed at refining its derivatives trading platform, promised to streamline the exchange's offerings.OKX's overhaul introduced two essential changes: Perpetual Futu...
Cryptocoins News / Finance Magnates - 2 years ago
In a study conducted by the crypto tax software CoinLedger, the landscape of cryptocurrency payments has been unveiled, shedding light on the sectors that have embraced digital currencies as a viable method of transaction. With more than 300 major co...
Cryptocoins News / Finance Magnates - 2 years ago
The bankruptcy estate of FTX Trading Ltd, led by the CEO, John Ray III, and the lawyers of Sullivan & Cromwell, has submitted an amended reorganization plan for the distribution claims of the customers and creditors.FTX Moves to End Its Bankruptc...
Cryptocoins News / Finance Magnates - 2 years ago
The US Securities and Exchange Commission (SEC) has denied Coinbase Global's petition for the establishment of new rules governing the digital asset industry. Coinbase, a major crypto exchange, had sought tailored regulations for the crypto sector, a...
Cryptocoins News / Finance Magnates - 2 years ago
The Chief Executive Officer of OpenAI, Sam Altman, has highlighted his plans for Worldcoin, a cryptocurrency venture that aims to establish a worldwide identity and a financial network. This project, created by Tools For Humanity, has gained signific...
Cryptocoins News / Finance Magnates - 2 years ago
The Governor of the Bank of Korea, Rhee Chang-yong, emphasized the "urgency" for central banks to consider the introduction of central bank digital currencies (CBDC) in response to the challenges posed by stablecoins. Stablecoins like tether (USDT) a...
Cryptocoins News / Finance Magnates - 2 years ago
Fraudulent activities have shifted away from the cryptocurrency space, marking a significant decline of 51% in attacks. This change is largely attributed to the implementation of the Market in Crypto Asset (MiCA) regulation. With fraudsters finding i...
Cryptocoins News / Finance Magnates - 2 years ago
In its ambition to be a global crypto asset hub, the UK faces significant obstacles that threaten to impede progress in the crypto space. The dual challenge involves hurdles related to retail customer access to crypto products and the complexities su...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto custody and trading solutions company, Copper, has launched the market's first custodian-agnostic, scalable, and private digital asset settlement network. With over 600 live participants, this network enables institutional clients to settl...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency project SafeMoon has filed for bankruptcy in Utah Bankruptcy Court. With assets ranging between $10 million to $50 million and debts between $100,000 to $500,000, this bankruptcy filing has unveiled a dire financial situation in th...
Cryptocoins News / Finance Magnates - 2 years ago
The safety of cold crypto wallets is now in question following the cyberattack on Ledger, one of the popular cold crypto wallets, and the theft of $484,000 in digital currencies. Ledger explained that its security was breached as “a former employee f...
Cryptocoins News / Finance Magnates - 2 years ago
The US Department of Justice (DoJ) has charged four American nationals for laundering more than $80 million obtained through crypto investment scams. The defendants allegedly opened shell companies and bank accounts to launder the ill-gotten proceeds...
Cryptocoins News / Finance Magnates - 2 years ago
There is a rising influx of capital into the cryptocurrency market, as highlighted by the consistent upsurge of the stablecoin Tether (USDT). This is according to a report released by KuCoin Research, which showcased that the correlation between the...
Cryptocoins News / Finance Magnates - 2 years ago
In a significant stride toward mainstream cryptocurrency adoption, the Swiss city of Lugano has officially embraced Bitcoin and Tether for tax payments and various community fees. The announcement, made on December 5, underscores Lugano's commitment...
