Cryptocoins News / Finance Magnates - 2 years ago
A Delaware-based bankruptcy court has ordered Deltec International Group (DIG) to repay almost $53 million to Alameda Research, the crypto hedge fund linked to bankrupt cryptocurrency exchange, FTX. Alameda Gave $50M Loan in 2021The loan repayment is...
Cryptocoins News / Finance Magnates - 2 years ago
Tokenization and digital asset trading platforms have seen tremendous growth in recent years. These platforms have transformed the way people invest and trade assets, making it easier and more efficient than ever before. This article will look at the...
Cryptocoins News / Finance Magnates - 2 years ago
On Wednesday, the Cyprus Securities and Exchange Commission (CySEC) confirmed an extension on the suspension of FTX (EU) Ltd's authorization until the end of September 2023. FTX Europe's License Suspension The Cyprus Investment Firm (CIF) license was...
Cryptocoins News / Finance Magnates - 2 years ago
A New York-based former investment banker and registered broker, Rashawn Russell, was arrested on Monday for running a cryptocurrency investment fraud scheme. The US prosecutors brought fraud charges against him, carrying a maximum prison time of 20...
Cryptocoins News / Finance Magnates - 2 years ago
Bitfinex Securities El Salvador, a newly-established entity belonging to the cryptocurrency exchange Bitfinex, has emerged as the first licensed digital asset service provider (DASP) in El Salvador. The licensing comes three months after El Salvador...
Cryptocoins News / Finance Magnates - 2 years ago
Bitman Technologies, a Bitcoin (BTC) mining firm based in Beijing, China, has reportedly been fined $25 million yuan ( $3.6 million) by local tax authorities. Local news outlet Sina Finance reported on Tuesday that the fine was imposed by the Beijing...
Cryptocoins News / Finance Magnates - 2 years ago
Gate Group, the owner of the Gate.io crypto exchange trading brand, has confirmed to apply for regulatory approval with the Securities and Futures Commission (SFC) in Hong Kong. It is, thus, another cryptocurrency platform that wants to join the loca...
Cryptocoins News / Finance Magnates - 2 years ago
The impact that events on Twitter are able to have on crypto markets cannot be overstated, as was demonstrated by a sequence of events on the chaotic social media platform on Monday.The Elon EffectBack in October last year, when Elon Musk took over a...
Cryptocoins News / Finance Magnates - 2 years ago
Tyler and Cameron Winklevoss loaned $100 million to Gemini Trust Co. as their crypto exchange is facing setbacks from the broader market conditions, Bloomberg reported citing âtwo [unnamed] people familiar with the matterâ.Winklevoss Twins Back Thei...
Cryptocoins News / Finance Magnates - 2 years ago
Hackers have stolen approximately 23% of digital assets stored in GDACâs hot wallet, the South Korea-based cryptocurrency exchange said on Monday. Seunghwan Han, GDACâs Chief Executive Officer, confirmed the attack in a statement published on the fir...
Cryptocoins News / Finance Magnates - 2 years ago
In recent years, cryptocurrency exchanges have grown in popularity, providing a place for users to buy, sell, and trade various cryptocurrencies. The global regulatory landscape of cryptocurrency exchanges, on the other hand, remains a challenge for...
Cryptocoins News / Finance Magnates - 2 years ago
The emergence of blockchain technology is driving a major transformation in the energy market. Blockchain technology has the potential to transform the way energy is created, distributed, and consumed. Decentralization and peer-to-peer trading are at...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency companies are increasingly investing in lobbying to secure favorable legislation, with expenditures skyrocketing 922% in the past six years, according to a recent study by Money Mongers. The report reveals that crypto lobbying contribu...
Cryptocoins News / Finance Magnates - 2 years ago
During the Hong Kong Blockchain Week, Bitget, a crypto derivative and copy trading platform, unveiled its Bitget Web3 Fund with an initial investment of $100 million. The fund aims to invest in Web3-friendly venture capital firms and Web3 projects to...
Cryptocoins News / Finance Magnates - 2 years ago
The US arm of the global cryptocurrency exchange Binance is struggling to find a banking partner after the collapse of Signature Bank and Silvergate Bank, The Wall Street Journal reported. Banking Woes for Binance USWhile searching for a key banking...
Cryptocoins News / Finance Magnates - 2 years ago
Positive momentum is building up for the upcoming upgrade to Ethereum, a decentralized blockchain with smart contract functionality, a survey by OKX, a Seychelles-based cryptocurrency exchange, has identified. The two-part Shanghai-Capella event, whi...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto has often come across as apolitical. This is partly due to being seen as existing outside regular financial systems and, going back through crypto history, being outside regular systems really meant that, with early enthusiasts acquiring bitco...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto has often come across as apolitical. This is partly due to being seen as existing outside regular financial systems and, going back through crypto history, being outside regular systems really meant that, with early enthusiasts acquiring bitco...
Cryptocoins News / Finance Magnates - 2 years ago
Amir 'Bruno Block' Elmaani, the 31-year-old Founder of the Oyster Protocol that powers Pearl (PRL) tokens, has pled guilty to allegations of tax evasion for the amount of $5.5 million. US prosecutors disclosed this on Thursday, noting that the crypto...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange OKX has informed that its on-demand liquidity network aimed at institutional clients, called Liquid Markets, reached more than $1 billion in trading volumes during the first three months of 2023.Liquid Marketplace by OKX E...
Cryptocoins News / Finance Magnates - 2 years ago
On Thursday, The Australian markets regulator, ASIC, informed that it canceled a financial markets license held by Binance Australia Derivatives, operated by Oztures Trading Pty Ltd. Although at first glance, it may seem that the regulatory hurdles...
Cryptocoins News / Finance Magnates - 2 years ago
Reactions have been pouring in from the cryptocurrency community after Paxful, a peer-to-peer (P2P) platform for trading Bitcoin (BTC), announced on Wednesday that it âwill be suspending its marketplace.â Ray Youssef, Paxful's Founder and CEO, in a b...
Cryptocoins News / Finance Magnates - 2 years ago
Individuals and institutions are increasingly using cryptocurrency exchanges to purchase, sell, and trade cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. However, the rise of cryptocurrency exchanges has resulted in an increase in security...
Cryptocoins News / Finance Magnates - 2 years ago
Renewable energy has grown in popularity among people and businesses seeking to reduce their carbon impact and contribute to a more sustainable future. However, integrating renewable energy sources into existing energy infrastructure can present chal...
Cryptocoins News / Finance Magnates - 2 years ago
Since the creation of Bitcoin in 2009, digital currencies have gone a long way. Today, over 4,000 distinct cryptocurrencies are in use, with a total market capitalization of more than $2 trillion. Volatility, on the other hand, is one of the most sig...
