Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange CoinEX has launched a digital asset trading platform
for its users in Hong Kong. Dubbed BitHK, the
platform, which seeks to apply for a Virtual Asset Service Provider (VASP)
license from the Securities and Futures Commissi...
Cryptocoins News / Finance Magnates - 2 years ago
Bybit, a cryptocurrency derivatives exchange, has been issued an 'in-principle' license by the regulators in Kazakhstan, according to a press release shared
with Finance Magnates on Monday.The license, issued by
Astana Financial Services Authority (A...
Cryptocoins News / Finance Magnates - 2 years ago
The
investment firm Temasek Holdings Pte, which invested $275 million in the cryptocurrency
exchange FTX, announced at the beginning of the week that it has reduced the
remuneration of the investment team and executive management responsible for
th...
Cryptocoins News / Finance Magnates - 2 years ago
OKX, the
world’s second-largest crypto exchange by trading volume, published
its seventh monthly Proof of Reserves (PoR) report on Monday, showing $10 billion in collateral
for Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).OKX Reports Increasing R...
Cryptocoins News / Finance Magnates - 2 years ago
Binance,
the leading cryptocurrency exchange and blockchain platform, has announced a
significant transition for its Japan-based customers to a new locally
compliant platform. Starting from 26 May 2023, residents of Japan are prohibited from creating...
Cryptocoins News / Finance Magnates - 2 years ago
Gulf
Binance, a joint venture firm between Binance and Gulf Innova, has obtained a
digital asset operator license from Thailand’s Ministry of Finance. Gulf Innova
is a subsidiary of Gulf Energy Development which operates the firm’s digital business....
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency exchange Bitfinex never made public
a confidential report that found its security lapses responsible for over 119,000
bitcoins stolen from the platform in August 2016, the Organized Crime and
Corruption Reporting Project (OCCRP) report...
Cryptocoins News / Finance Magnates - 2 years ago
Two established crypto exchanges, Bitpanda and Coinbase, have entered a mutually beneficial partnership. Coinbase will use Bitpanda Technology Solutions to offer services to institutional clients outside of the United States, while Bitpanda will add...
Cryptocoins News / Finance Magnates - 2 years ago
Earlier in
the week, it seemed that the Winklevoss brothers' crypto exchange, Gemini,
would move its headquarters to England. On
Thursday, Cameron Winklevoss indeed confirmed that due to regulatory
turmoil in the US, their platform is seeking a safe...
Cryptocoins News / Finance Magnates - 2 years ago
Digital Currency Group (DCG) will shutter its trade execution and prime brokerage subsidiary, TradeBlock, citing the concerns of the broader economy and regulatory uncertainties in the United States. It will initiate the close-down process on 31 May,...
Cryptocoins News / Finance Magnates - 2 years ago
The emergence of Web3, an evolving vision of the internet built on
decentralized technologies such as blockchain, is set to revolutionize the way
financial data flows between institutions and customers. This paradigm shift
has profound implications f...
Cryptocoins News / Finance Magnates - 2 years ago
The energy
industry is not an exception to how blockchain technology has emerged as a
game-changer in different industries. Blockchain technology offers creative
approaches to encourage transparency, efficiency, and decentralized energy
systems in re...
Cryptocoins News / Finance Magnates - 2 years ago
Celsius
Network, the digital asset lender that filed for bankruptcy
protection in July
last year, has selected Fahrenheit’s bid to restart the business under a new
name, NewCo. Fahrenheit is a group of investors that includes Bitcoin
mining company,...
Cryptocoins News / Finance Magnates - 2 years ago
The San Francisco-based blockchain company, Ripple has taken an undisclosed minority stake in the cryptocurrency exchange, Bitstamp in the first quarter of this year, according to the latest transcript of Galaxy Digital’s shareholder conference call....
Cryptocoins News / Finance Magnates - 2 years ago
Cameron and
Tyler Winklevoss, billionaire twins known for alleging that Mark Zuckerberg
stole their idea for the creation of Facebook, are planning to move their
cryptocurrency business from the United States to another location. Citing
'hostile' con...
Cryptocoins News / Finance Magnates - 2 years ago
Canada has
the highest percentage of Gen Z investors according to a new study by the Financial
Industry Regulatory Authority (FINRA), a US private brokerage industry
regulator. The watchdog said nearly three-quarters or 74% of
Gen-Zers based in Canad...
Cryptocoins News / Finance Magnates - 2 years ago
Fusion
Digital Assets, TP ICAP’s crypto spot exchange for institutional investors initially planned for launch in mid-2021, has finally gone live. The platform has successfully completed its
first Bitcoin/US dollar trading pair transaction, the top i...
Cryptocoins News / Finance Magnates - 2 years ago
In the second part of our two-part article on crypto market structures, Finance Magnates considers the likelihood of the crypto market eventually adopting the same structures as the FX OTC interdealer market.
The phrase ‘there is more that unites us...
Cryptocoins News / Finance Magnates - 2 years ago
Japan will enforce stricter anti-money laundering (AML) measures to trace cryptocurrency transactions. The country’s cabinet has already approved the laws, which will become effective on 1 June, local Kyodo News reported.
Japan’s New Crypto Rules
The...
Cryptocoins News / Finance Magnates - 2 years ago
Binance,
the largest cryptocurrency exchange by trading volume, mixed up customer funds
with company revenue between 2020 and 2021, Reuters reported on Tuesday, citing
“three sources familiar with the matter.” The act violates the US financial
laws t...
Cryptocoins News / Finance Magnates - 2 years ago
The International Organization of Securities
Commissions (IOSCO), a global body for securities regulators, has put forward
18 recommendations to regulate the global crypto industry. The recommendations
cover six key areas such as market manipulat...
Cryptocoins News / Finance Magnates - 2 years ago
South Korea’s ruling party, the People’s Power Party is seeking to move
up the enforcement date for December to a new bill that will require lawmakers in
the country to declare their cryptocurrency holdings. Application of the new
bill is expected t...
Cryptocoins News / Finance Magnates - 2 years ago
Over a
month after gaining a virtual asset service provider registration in Lithuania, crypto exchange and copy trading
platform Bitget has secured a similar registration in Poland. Bitget is aiming to provide “a more secure and transparent trading...
Cryptocoins News / Finance Magnates - 2 years ago
OKX has the latest cryptocurrency exchange to apply for a French digital asset service provider (DASP) license, aiming to make the country its regional hub.
OKX’s New European Hub
The application came after OKX, the second-largest cryptocurrency exch...
Cryptocoins News / Finance Magnates - 2 years ago
The Philippines’ Securities and Exchange Commission (SEC) has issued a warning against the crypto derivatives platform launched last month by Winklevoss twins-controlled Gemini Trust.
An Unregistered Crypto Derivatives Platform
According to the regul...