Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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...
