Cryptocoins News / Finance Magnates - 3 months ago
Bithumb Korea, the operator of
South Korea’s second-largest cryptocurrency exchange Bithumb, faces a setback
as it fails to secure a deal with major local lender KB Kookmin Bank for the
issuance of real-name accounts, potentially hindering its effort...
Cryptocoins News / Finance Magnates - 3 months ago
There’s plenty of talk recently about crypto going mainstream, triggered especially by events around spot bitcoin ETFs in the US. These products were approved and launched in January, which is significant in itself, but what has followed is a hugely...
Cryptocoins News / Finance Magnates - 3 months ago
California-headquartered Coinbase (Nasdaq: COIN) has reported a profit of $273.4 million or $1.04 per share in the fourth quarter of 2023, beating an expected loss of expected loss of 1 cent per share, according to LSEG data. It was the first quarter...
Cryptocoins News / Finance Magnates - 3 months ago
Revolut, a leading European banking fintech firm, is reportedly planning to list Bonk, the largest meme coin linked to the Solana blockchain. Additionally, it plans to kick off a $1.2 million campaign to encourage
cryptocurrency awareness among its u...
Cryptocoins News / Finance Magnates - 3 months ago
In early
December, the first cryptocurrency company made its debut on the Abu Dhabi
stock market, receiving a warm welcome from investors. Two months later, Phoenix
Group UAE, specializing in the mining of cryptocurrency assets, published its
2023 re...
Cryptocoins News / Finance Magnates - 3 months ago
Wintermute
Asia, the digital asset trading division of algorithmic trading firm Wintermute
Group, announced today (Thursday) the addition of contract for difference (CFD)
crypto products to its over-the-counter (OTC) derivatives suite.Wintermute Asia...
Cryptocoins News / Finance Magnates - 3 months ago
Over the
last few months, investor sentiment towards individual cryptocurrencies has
favored Ethereum (ETH) over Bitcoin (BTC). However, the release of the
first-ever spot exchange-traded funds (ETFs) for BTC has changed the balance of
market forces,...
Cryptocoins News / Finance Magnates - 3 months ago
The ascent of cryptocurrencies, spearheaded by the
expansive influence of Bitcoin, Ethereum, and a multitude of altcoins, has
experienced significant momentum in recent years. This surge prompts a scrutiny
of the implications for the broader financia...
Cryptocoins News / Finance Magnates - 3 months ago
Ripple made an announcement of its agreement to acquire
Standard Custody & Trust Company, a regulated platform specializing in
digital assets. By integrating Standard Custody's limited purpose trust charter
and money transmitter licenses into its...
Cryptocoins News / Finance Magnates - 3 months ago
South Korea's financial authorities, led by the Korea
Financial Intelligence Unit (KoFIU), are planning to implement stringent measures
targeting cryptocurrency exchanges. Exchanges failing to meet the stringent
standards will face expulsion from the...
Cryptocoins News / Finance Magnates - 3 months ago
The criminal sentencing of Changpeng Zhao, the Founder and former CEO of Binance, for his conviction on money laundering, has been delayed until April 30, according to a notice yesterday (Monday) in Seattle federal court.However, the court docket ent...
Cryptocoins News / Finance Magnates - 3 months ago
Canada-headquartered Aquanow, a crypto infrastructure provider, has bolstered its compliance efforts by securing a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).A Much-Sought Crypto LicenseAnnou...
Cryptocoins News / Finance Magnates - 3 months ago
Life is not
easy when you are one of the largest cryptocurrency exchanges by volume and
number of clients. On the one hand, you deal with regulators in different parts
of the world, and on the other, with scammers who try to impersonate your
brand. C...
Cryptocoins News / Finance Magnates - 3 months ago
Crypto Finance AG, a part of the Deutsche Börse Group, the FINMA-supervised provider of institutional-grade investment
solutions, custody, and trading for digital assets has obtained four licenses
from the German Federal Financial Supervisory Authori...
Cryptocoins News / Finance Magnates - 3 months ago
The New York Attorney General Letitia James has expanded
her legal pursuit against Digital Currency Group (DCG), its CEO, Barry Silbert,
and Genesis Global Capital. The amended complaint, following the initial lawsuit filed last year, exposes an addi...
Cryptocoins News / Finance Magnates - 3 months ago
Commercial Bank International PJSC (CBI) and Fuze, a
digital asset infrastructure provider, have signed a Memorandum of
Understanding to explore and develop digital asset solutions within the
UAE's comprehensive regulatory frameworks. According to a...
Cryptocoins News / Finance Magnates - 3 months ago
An Australian federal court has ruled that Web3 Ventures Pty Ltd, operating under its tradename Block Earner, has been offering crypto products without obtaining a necessary financial services license. It was one of the country's first such court rul...
Cryptocoins News / Finance Magnates - 3 months ago
Bankrupt crypto lender Genesis Global Holdco LLC has settled the fraud charges brought against it by the New York Attorney General, Letitia James, through its now-terminated Gemini Earn program. According to the Bloomberg report, the settlement ensur...
Cryptocoins News / Finance Magnates - 3 months ago
Kraken
has achieved a milestone in its European growth strategy with the acquisition
of a Virtual Asset Service Provider (VASP) registration from the Dutch Central
Bank (DNB). This registration paves the way for Kraken to expand its operations
into t...
Cryptocoins News / Finance Magnates - 3 months ago
Thailand's Securities and Exchange Commission (SEC) has leveled accusations of
corruption and deception against Akarlap Yimwilai, the former CEO of Zipmex
Thailand, according to an official statement released on Thursday.Irregularities in Customer As...
Cryptocoins News / Finance Magnates - 3 months ago
London-based
firms CCData and BMLL Technologies have announced a new partnership aimed at
streamlining access to data across traditional and digital asset markets.CCData, an
FCA-authorized benchmark administrator, provides digital asset data solution...
Cryptocoins News / Finance Magnates - 3 months ago
Bakkt, a cryptocurrency platform backed by the New York Stock Exchange (NYSE) owner, warned about its future as it might go out of business due to insufficient cash for the next 12 months’ operations.Bakkt’s Future In Jeopardy“We might not be able to...
Cryptocoins News / Finance Magnates - 3 months ago
After a
strong year-end, the spot volumes of the largest cryptocurrency
exchanges recorded only modest monthly gains, averaging 3%. However, comparing
statistics from January 2024 with the same period twelve months earlier, we see
that the total volu...
Cryptocoins News / Finance Magnates - 3 months ago
The Securities and Exchange Commission (SEC) has
charged TradeStation Crypto, Inc., a Florida-based company, for failing to
register the offer and sale of a crypto lending product. TradeStation Crypto has
agreed to pay a penalty of $1.5 million to se...
Cryptocoins News / Finance Magnates - 3 months ago
In a bid to accelerate the adoption of PayPal USD
(PYUSD), a USD-backed stablecoin issued by Paxos, Chainlink has introduced PYUSD Chainlink Price Feed on Ethereum. This integration aims to
provide market data for PYUSD on the blockchain, promoting i...