Cryptocoins News / Finance Magnates - 2 years ago
A bankruptcy court in the United States has sanctioned the liquidation plans of the bankrupt crypto lender, Voyager Digital, permitting the firm to end its Chapter 11 reorganization efforts. Judge Michael Wiles gave the approval on Wednesday during a...
Cryptocoins News / Finance Magnates - 2 years ago
The Indian government and central bank have received proposals requesting the restoration of access to the Unified Payments Interface (UPI) for the cryptocurrency industry, CoinDesk reports, citing sources familiar with the matter. The proposals have...
Cryptocoins News / Finance Magnates - 2 years ago
A panel of cross-party British lawmakers is going against the government's stance and recommended trading of 'unbacked' crypto assets like Bitcoin and Ether to be regulated as gambling. The recommendations came when the UK government was working to r...
Cryptocoins News / Finance Magnates - 2 years ago
The Council of the European Union has adopted the Markets in Crypto-Assets (MiCA) regulation passed by the European Parliament late last month. The Council has set “an EU level legal framework for this sector for the first time,” the legislative body...
Cryptocoins News / Finance Magnates - 2 years ago
US securities regulator has sought to drastically reduce the fine it asked the court to slam against LBRY, a blockchain-based file-sharing and payment network it sued in March 2021. The watchdog had alleged that the crypto startup’s native LBC token...
Cryptocoins News / Finance Magnates - 2 years ago
In an ongoing investigation into the cryptocurrency holdings of independent lawmaker Kim Nam-kuk, South Korean prosecutors conducted raids on two local cryptocurrency exchanges on Monday, according to officials. The Seoul Southern District Prosecutor...
Cryptocoins News / Finance Magnates - 2 years ago
In recent years, cryptocurrencies have attracted a lot of attention and appeal, with Bitcoin serving as the pioneer. Many still ponder whether cryptocurrencies will have advanced sufficiently by 2023 to serve as a useful and dependable payment option...
Cryptocoins News / Finance Magnates - 2 years ago
Binance has become the latest cryptocurrency exchange to close down its operations in Canada. The exchange said , in a Tweet on Friday that Canada’s requirements around ‘stablecoins and investor limits’ pushed it out of the country. Binance Is No Lo...
Cryptocoins News / Finance Magnates - 2 years ago
Businesses have traditionally used loyalty and reward programs to encourage consumer loyalty and encourage repeat business. These programs have developed and advanced in recent years, with payment integration being a crucial factor. This article will...
Cryptocoins News / Finance Magnates - 2 years ago
Thunder only happens when it's raining, and players only love you when they're playing. Fleetwood Mac could not have been more fitting and even more precise regarding the recent money laundering trend in the UAE. Payment agents and real estate broker...
Cryptocoins News / Finance Magnates - 2 years ago
The US Securities and Exchange Commission (SEC), in its action against fraudulent investment platforms, charged GA Investors and a few other unnamed platforms. These platforms fraudulently offered securities, including crypto asset mining pools, thro...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto lending firm, Nexo is making efforts to disband two of its subsidiaries in the United Kingdom. The units are Nexo Financial Services Limited and Nexo Clearing, according to a regulatory filing with the UK Companies House seen by Bloomberg....
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase, the largest cryptocurrency exchange in the United States, is facing backlash on Twitter for a newsletter article published on its website. In the article, the author described Ethereum-based meme coin, Pepe, as a coin “that has been co-opte...
Cryptocoins News / Finance Magnates - 2 years ago
Blockchain-based decentralized social media platforms have become a potent challenger to established social media behemoths. These platforms place a high value on data ownership, user privacy, and censorship resistance. In this essay, we examine the...
Cryptocoins News / Finance Magnates - 2 years ago
As a key advancement in the cryptocurrency industry, stablecoins provide a special value proposition for users and investors looking for stability in the middle of the volatility of standard cryptocurrencies. This article discusses the advantages, us...
Cryptocoins News / Finance Magnates - 2 years ago
With cryptocurrencies like Bitcoin and Ethereum gaining mainstream acceptance, the crypto sector has experienced enormous development and adoption in recent years. However, as the cryptocurrency industry develops, it comes under more and more scrutin...
Cryptocoins News / Finance Magnates - 2 years ago
In New York last week, the trial began of a former OpenSea employee who was indicted for wire fraud and money laundering in what is being seen as the first case of insider trading related to NFTs. He has been convicted of wire fraud and money launder...
Cryptocoins News / Finance Magnates - 2 years ago
Binance is looking to be regulated in the United Kingdom due to the regulatory challenges in the United States, the crypto exchange's Chief Strategy Officer, Patrick Hillmann revealed during the Financial Times' Crypto and Digital Assets Summit. US R...
Cryptocoins News / Finance Magnates - 2 years ago
Tether, the largest issuer of stablecoins, closed the first quarter of 2023 with a net profit of $1.48 billion, which doubled from the $700 million it had generated in the previous quarter. The company confirmed that its token circulation also jumped...
Cryptocoins News / Finance Magnates - 2 years ago
The US Department of Treasury and Internal Revenue Service (IRS) have filed 45 claims, totalling about $44 million, against bankrupt crypto exchange FTX and other affiliates. US Tax Claims against FTX The bankruptcy filings on April 27 and 28 show th...
Cryptocoins News / Finance Magnates - 2 years ago
The recent crackdown on cryptocurrency mining in China has shocked the world market and caused huge disruptions in the world of digital currencies. China is one of the biggest centers for cryptocurrency mining, thus its actions have broad repercussio...
Cryptocoins News / Finance Magnates - 2 years ago
Supply chain management is only one of the industries where blockchain technology has become a game-changer. Blockchain is a great tool for improving supply chain efficiency and maintaining traceability because of its decentralized and transparent na...
Cryptocoins News / Finance Magnates - 2 years ago
Due to its alleged negative effects on the environment, cryptocurrency mining has become a hotly debated topic. As interest in digital currencies grows, worries about the energy use and environmental impact of mining have risen to the fore. We will g...
Cryptocoins News / Finance Magnates - 2 years ago
Social media has permeated every aspect of our lives, yet worries about censorship, data ownership, and privacy have led to the emergence of decentralized social media platforms. These platforms, which give users control over their data and promote a...
Cryptocoins News / Finance Magnates - 2 years ago
Ishan Wahi, a former Product Manager at Coinbase, has been sentenced to two years imprisonment in a case US prosecutors called the country's first-ever cryptocurrency insider trading case. Thirty-two-year-old Ishan Wahi from Washington received the j...
