Cryptocoins News / Finance Magnates - 2 years ago
The rise of cryptocurrencies and digital assets has shifted the financial industry's worldview. These digital currencies provide up new avenues for investment, cross-border commerce, and decentralized finance. However, in addition to its enormous pot...
Cryptocoins News / Finance Magnates - 2 years ago
The Australian financial regulator has searched the premises of the local subsidiaries of Binance that came as a part of the probe against the crypto exchange’s now-closed derivatives business. ASIC’s Investigation against Binance According to a Blo...
Cryptocoins News / Finance Magnates - 2 years ago
A new bill that seeks to empower agencies in the United Kingdom to seize and freeze cryptocurrency in money laundering cases has received the approval of the Parliament’s upper chamber. The Economic Crime and Corporate Transparency Bill, which was fi...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency exchanges operating in South Africa have until November 30 to register with the country’s financial regulator. Those who will not comply with the directive risk facing enforcement actions, including fines or business closure, the Fin...
Cryptocoins News / Finance Magnates - 2 years ago
The UK financial watchdog has said crypto firms in the country will have four “legal routes” through which they can comply with its rules for digital assets promotion coming into force on October 8, 2023. The Financial Conduct Authority (FCA) stated...
Cryptocoins News / Finance Magnates - 2 years ago
Bitcoin (BTC) upheld its rank as the most-held crypto asset by retail traders in the second quarter of 2023. This surge was contrary to the broader market's trends, with Bitcoin's revival in price movement noted in the trading and investing platform'...
Cryptocoins News / Finance Magnates - 2 years ago
A group of South Korea’s major cryptocurrency exchanges has launched a system that alerts users of abnormal changes in the prices of cryptocurrencies. The alliance, dubbed the Digital Asset Exchange Association (DAXA) and comprising Upbit, Bithumb, C...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency trading platform, Bitget, has launched a new product 'Crypto Loans' in response to the growing demand for digital lending solutions. This venture is expected to appeal to those users who have been discouraged by the credit offering...
Cryptocoins News / Finance Magnates - 2 years ago
Revolut has become the latest trading platform to progress towards delisting three cryptocurrencies, Cardano’s ADA, Polygon’s MATIC, and Solana’s SOL, on behalf of its customer in the United States. However, the platform will continue to support thes...
Cryptocoins News / Finance Magnates - 2 years ago
The bankrupt cryptocurrency exchange, FTX, has said it will launch a portal “in the coming weeks” for customers owed by the global crypto trading platform, FTX.com and its affiliates to state their claims. The exchange stated this on a website, claim...
Cryptocoins News / Finance Magnates - 2 years ago
Thailand’s securities watchdog today (Monday) issued new rules that ban cryptocurrency firms from offering crypto lending services that provide returns to investors for their deposits. The rules also demand that digital asset operators from July 31,...
Cryptocoins News / Finance Magnates - 2 years ago
Belarus is planning to ban cryptocurrency exchange transactions between individuals due to an increase in crime. The country is also planning to implement procedures such as those applicable to foreign currencies which make it impossible to withdraw...
Cryptocoins News / Finance Magnates - 2 years ago
The Digital Payment Token (DPT) service providers in Singapore may be required to safely keep customers' assets under a statutory trust before the end of the year. This is according to new measures announced today (Monday) by the country's financial...
Cryptocoins News / Finance Magnates - 2 years ago
OKX has expanded its deal with Manchester City through a new three-year agreement that makes it the popular English football club’s Official Sleeve Partner. The new deal is worth $70 million, the Seychelles-based cryptocurrency exchange told CoinDesk...
Cryptocoins News / Finance Magnates - 2 years ago
The Securities and Exchange Commission (SEC) has reportedly dismissed recent applications by various asset managers to launch spot Bitcoin (BTC) exchange-traded funds (ETFs). According to sources who shared information with The Wall Street Journal...
Cryptocoins News / Finance Magnates - 2 years ago
HIVE Blockchain Technologies Limited, the Canada-based publicly-traded company that mines pioneer cryptocurrency, Bitcoin, saw its revenue plunge roughly 50% at the end of its 2023 fiscal year ended March 31. The Nasdaq-listed firm’s revenue came in...
Cryptocoins News / Finance Magnates - 2 years ago
In recent years, cryptocurrency, a digital form of currency that runs independently of central banks, has received a lot of attention and appeal. While the impact of bitcoin on established economies is frequently addressed, the potential of cryptocur...
Cryptocoins News / Finance Magnates - 2 years ago
The rise of cryptocurrencies in recent years has resulted in the emergence of novel financial services that use the potential of digital assets. Crypto-backed loans, which allow individuals to unlock the value of their cryptocurrencies without having...
Cryptocoins News / Finance Magnates - 2 years ago
A bill that aims to regulate cryptocurrencies and stablecoins in the UK has been approved by King Charles III. Dubbed the Financial Services and Markets Act 2023, the new law classifies the trading of cryptocurrencies as a regulated activity and brin...
Cryptocoins News / Finance Magnates - 2 years ago
The Reserve Bank of New Zealand issued a statement today (Friday) to notify its intention to increase the monitoring of stablecoins and crypto assets. However, the central bank does not believe in bringing regulatory oversight to the industry. No Nee...
Cryptocoins News / Finance Magnates - 2 years ago
Fidelity has joined other US companies to resubmit its application for a Bitcoin spot exchange-traded fund (ETF) called Wise Origin Bitcoin Trust. The asset management giant officially filed its paperwork for the spot Bitcoin ETF with the Securities...
Cryptocoins News / Finance Magnates - 2 years ago
Chicago Mercantile Exchange (CME), one of the world’s largest derivatives marketplaces, plans to launch crypto Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, 2023. This is even as Cboe BZX Exchange, one of four equities exchanges operated by Cbo...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase, a cryptocurrency exchange, has filed a response against the allegations from the Securities and Exchange Commission (SEC), saying the claims “lack all merit.” It also argued that even if the SEC’s assertion of regulatory power over its cryp...
Cryptocoins News / Finance Magnates - 2 years ago
After the United States declared open war on cryptocurrency exchange Binance, Europe is also proving to be an increasingly unfriendly territory for the digital asset market giant. Owned by Changpeng Zhao (CZ), the platform had hoped that Germany woul...
Cryptocoins News / Finance Magnates - 2 years ago
When the world's largest fund manager, BlackRock, decided to apply for the creation of a spot Bitcoin (BTC) exchange-traded fund (ETF) two weeks ago, nobody expected it to trigger a new fever in the cryptocurrency market.The BTC price reached new hig...
