Category : Finance Magnates

Finance Magnates

Atomic Wallet Users Lost $35 Million in Weekend Crypto Hack

Atomic Wallet suffered a security breach, resulting in the theft of $35 million in various cryptocurrencies. The siphoning of funds started on June 2, and according to Atomic Wallet developers, less than one percent of its monthly active users were a...

Brazil's Largest Crypto Exchange Gains Payments License

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country's central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment in...

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures cont...

Hacked Twitter Account of OpenAI CTO Promotes Crypto Scam

The Twitter account of Mira Murati, the Chief Technology Officer of OpenAI, was recently hacked, promoting a 'scam' cryptocurrency airdrop. The ‘scam’ tweet was live for an hour and has now been taken down. Scammers Becoming Sophisticated Murati’s Tw...

Investors Accuse Elon Musk of Insider Trading in Dogecoin Lawsuit

A group of investors in a class action suit have accused Elon Musk, Tesla and SpaceX's CEO, of adopting several manipulative techniques to influence the price of Dogecoin in order to trade at a profit at their expense, Reuters reported on Thursday. T...

Binance Ceases Australian Dollar Trading amid Struggles with Banking Issues

Binance has halted all trading of the Australian Dollar today (June 1) for its users in Australia, two weeks after announcing the intention to suspend the service. The crypto exchange said on Twitter that it was still trying to find an alternative pa...

Hong Kong’s New Crypto Regime Kicks In

Hong Kong rolled out new rules on Thursday to guide the cryptocurrency industry in the Chinese special administrative region. Crypto exchanges operating in the jurisdiction are now required to get licensed to offer their services to retail traders.Ho...

The Crypto-Mania in American Politics Reached a Peak. That's Not Enough

The topic of regulating and overseeing cryptocurrency has gained momentum in American politics for multiple reasons. There is a rising apprehension about the use of cryptocurrency for unlawful activities, such as money laundering, terrorism financing...

Crypto.com Gains Singapore License; Gemini Eyes the UAE

Cryptocurrency exchanges are running after licenses as Crypto.com became the latest to receive a license in Singapore, while Winklevoss twins’ Gemini is seeking to apply for one in the United Arab Emirates. Crypto.com Cements Singapore PresenceCrypto...

TD Cowen Shuts Institutional Cryptocurrency Division

American investment bank TD Cowen has closed down its cryptocurrency unit, Cowen Digital, today (Thursday), just over a year after its launch, without providing any proper explanation. Another Institutional Crypto Platform Is Closed "Today will be th...

Binance Weighs Staff Cuts amid Regulatory Pressure in the Global Market

Binance, the largest cryptocurrency exchange by trading volume, is evaluating its headcount, the company said on Wednesday, dispelling rumours that it was laying off employees to cut costs."Binance is not cutting 20% of employees as a cost-cutting me...

US Prosecutors Slam Sam Bankman-Fried’s Opposition to Criminal Charges

US prosecutors in court documents, which were filed on Monday, opposed pre-trial motions filed by FTX's Co-Founder Sam Bankman-Fried’s lawyers to dismiss a number of the 13 charges against him. In one of the filings, the prosecutors said the motions...

Investment into Crypto Products Dip for First Time in 2023

The total assets under management (AUM) for crypto investment products declined for the first time this year during this month (May), shedding 8.92% to reach $30.6 billion. On the contrary, investment surged by over 55.5% on a year-to-date (YTD) basi...

CNHC Stablecoin Issuer's Team Arrested by Police in China

The team behind CNHC Group, the issuer of CNHC, a stablecoin pegged to the offshore yuan, and HKDC, one tied to the Hong Kong dollar, was arrested in Shanghai, according to a local news outlet, PANews. CNHC Group has been renamed to Trust Reserve.The...

UAE Central Bank Issues AML Guidance for Virtual Assets

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance covering the dealings with virtual assets, including cryptocurrencies and non-fungible tokens (NFTs). UAE’s New Virtual Assets Guidance The new guideli...

Nansen to Lay Off 30% of Staff, CEO Cites Challenging Market Conditions

Nansen, a blockchain analytics platform, has announced a significant restructuring plan, which includes reducing its staff by 30%. The company's Chief Executive Officer (CEO), Alex Svanevik, revealed the news in a memo shared via social media, expres...

Bybit Joins Binance and Others to Exit Canada

Bybit has become the latest cryptocurrency exchange to announce its exit from the Canadian market due to the country's recent regulatory requirements for the industry. The exchange's exit will be made in phases, starting today (Wednesday). "It has al...

Bybit Joins Binance and Others to Exit from Canada

Bybit has become the latest cryptocurrency exchange to announce its exit from the Canadian market due to the country's recent regulatory requirements for the industry. The exchange's exit will be in phases, starting today (Wednesday). "It has always...

Former Coinbase Manager Settles Insider Trading Charges with SEC

A former Product Manager at Coinbase, Ishan Wahi and his brother Nikhil Wahi, have settled charges of insider dealing brought against them by the US securities regulator. They both agreed to give up illegal profit gained from their scheme and pay pr...

Tether Makes Foray into Renewable Energy; to Mine BTC in Uruguay

Tether is investing in renewable energy production in Uruguay for the mining of Bitcoin in the South American country, the company announced on Tuesday. In addition, the issuer of USDT stablecoin is recruiting experts in the energy sector in the regi...

BitFlyer Embraces FATF's 'Travel Rule' as Japan Starts AML Regime

Ahead of Japan's strict crypto monitoring regime starting in June, the cryptocurrency exchange bitFlyer has adopted tougher anti-money laundering (AML) rules for digital asset transactions. The measures are in line with the global financial watchdog...

Binance Australia's $9k Bitcoin Discount Signals Investor Concern

Australian investors' concerns about the future of their positions have led to Bitcoin (BTC) on Binance Australia being sold at a significant discount compared to competing platforms operating in the country. According to data released on Tuesday, a...

Russia Scraps Plan for a Crypto Exchange under MOEX

The Russian government has abandoned its plan to establish a national cryptocurrency exchange. Instead, the country now wants to set up rules to regulate cryptocurrency exchanges, according to the local news agency Izvestia, which cited State Duma me...

Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday said it decided to halt withdrawal in order to aid authorit...

Crypto Exchange BKEX Suspends Withdrawals to Aid Money Laundering Probe

The cryptocurrency exchange BKEX has frozen customer withdrawals on its platform to cooperate with a police investigation into alleged money laundering involving its users' funds. On Monday, the exchange said it decided to halt withdrawals in order...

	The Riveting World of Bombay Club
	SOCIAL GOOD 100$ free sign up bonus + 100% Cashback on daily purchases
	Ethereum Expected to Thrive in 2023
	How To Get Started On Cryptocurrency Gaming
	5 Important Features of White Label NFT Marketplace
	How to get started with crypto gambling
	Best 7 Web3 Apps That Pay You Crypto
	6 Must-Have Tools For Crypto Traders
	Can Ethereum 2.0 Be Converted to Cash?
	Cryptocurrency in Gambling: Features and Benefits
	What are the Core Facets of a Successful Cryptocurrency?
	Cost to Develop Your Own Cryptocurrency Website
	EgldRush - The best Elrond NFT project Farming, Staking, Rewarding
	Choosing a Safe Cryptocurrency Exchange 2022
	Let's Talk About Security in Crypto