Cryptocoins News / Finance Magnates - 4 months ago
In 2024, Kyrgyzstan saw a significant drop in tax revenue from cryptocurrency mining, despite the global rise in crypto valuations. The country’s tax receipts from mining fell by 50% compared to 2023, according to Coinpedia Fintech News.The Ministry...
Cryptocoins News / Finance Magnates - 4 months ago
On January 3, 2009, Bitcoin was launched by its anonymous creator, Satoshi Nakamoto. The first block of the blockchain, known as the genesis block, was mined on that day, producing 50 BTC. Embedded within the block was a reference to contemporary fin...
Cryptocoins News / Finance Magnates - 4 months ago
Do Kwon, the co-founder of the bankrupt Terraform Labs, pleaded not guilty to fraud charges brought against him by US prosecutors for his role in the $40 billion TerraUSD stablecoin collapse, according to Bloomberg.Another High-Profile Crypto TrialKw...
Cryptocoins News / Finance Magnates - 4 months ago
Red Bull Racing is facing significant changes ahead of the 2025 Formula One season. One of the most notable developments is the end of its partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued at $150 million over three year...
Cryptocoins News / Finance Magnates - 4 months ago
Binance deepened its presence in Brazil after securing regulatory approval to acquire Sim;paul, a locally licensed broker-dealer. This step represents Binance's 21st global regulatory authorization amid a growing acceptance of cryptocurrency in Latin...
Cryptocoins News / Finance Magnates - 4 months ago
Crypto hacks and scams took a surprising downturn in December 2024, marking the lowest monthly losses of the year. After months of escalating attacks, which peaked in October, December's losses dropped to $29 million, according to a recent report by...
Cryptocoins News / Finance Magnates - 4 months ago
Publicly listed Wall Street Bitcoin (BTC) miner Bitfarms (NASDAQ: BITF) ended 2024 with increased mining hashrate and USD revenues, despite a 41% drop in production compared to the previous year.Bitfarms Doubles Hashrate, Signals Major U.S. Market Pu...
Cryptocoins News / Finance Magnates - 4 months ago
The cryptocurrency market kicks off 2025 with Dogecoin (DOGE) price maintaining strong momentum, trading at $0.34 as it solidifies its position as the seventh-largest cryptocurrency by market capitalization. With a market cap exceeding $50 billion an...
Cryptocoins News / Finance Magnates - 4 months ago
KuCoin has launched KuCoin Pay, a new merchant solution aimed at integrating cryptocurrency payments into the retail sector. The platform offers contactless, borderless transactions, bridging traditional retail and crypto. With over 37 million global...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, a cryptocurrency associated with Ripple, experienced a significant price drop below $2.00 last week. However, it has since shown signs of recovery, driven by a bullish reversal pattern at a key support level.According to CoinGecko, XRPUSD has ri...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, a cryptocurrency associated with Ripple, experienced a significant price drop below $2.00 last week. However, it has since shown signs of recovery, driven by a bullish reversal pattern at a key support level.According to CoinGecko, XRPUSD has ri...
Cryptocoins News / Finance Magnates - 4 months ago
The authorities in China have introduced new rules requiring banks to flag risky transactions, including those involving cryptocurrencies. This makes it more difficult to buy and sell Bitcoin and other cryptocurrencies using the yuan.“Risky” Crypto T...
Cryptocoins News / Finance Magnates - 4 months ago
FalconX, a cryptocurrency prime brokerage firm, is in advanced talks to acquire Arbelos Markets, a crypto derivatives startup launched in 2023 by two industry veterans, Joshua Lim and Shiliang Tang, Bloomberg reported today (Wednesday).A Cash and Sto...
Cryptocoins News / Finance Magnates - 4 months ago
A new proposal, seeking to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet, was officially registered in Switzerland’s Federal Gazette on 31 December 2024.Accumulating the SignaturesGiw Zanganeh, Tether’s V...
Cryptocoins News / Finance Magnates - 4 months ago
It is New Year’s Eve, and XRP is flashing mixed signals despite its strong performance in 2024. The payment-focused cryptocurrency currently trades at $2.12, representing a price surge of 5% despite weekly losses of 8%, according to CoinMarketCap dat...
Cryptocoins News / Finance Magnates - 4 months ago
Montenegro extradited Terraform Labs Co-Founder Do Kwon to the United States today (Tuesday), according to the country's interior ministry. Kwon, a South Korean national, was the CEO of Terraform Labs, the company behind TerraUSD, a stablecoin that c...
Cryptocoins News / Finance Magnates - 4 months ago
The Cyprus Securities and Exchange Commission (CySEC) has provided updated guidance for Crypto-Asset Service Providers (CASPs) operating under the transitional provisions of the Markets in Crypto-Assets Regulation (MiCA). This announcement builds on...
Cryptocoins News / Finance Magnates - 4 months ago
The publicly listed Bitcoin (BTC) miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Tuesday) its strategic decision to relocate its headquarters from Vancouver, Canada to San Antonio, Texas. This marks a shift in the c...
Cryptocoins News / Finance Magnates - 4 months ago
Lee Sang-jun, the former CEO of South Korean crypto exchange Bithumb, has been sentenced to two years in prison for his involvement in the bribery and market manipulation scheme. Along with him, the South Korean court also sent Ahn Sung-hyun, a well-...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin has entered a significant slump, dipping below $92,000, the lowest since breaking through $100,000 in early December. As 2024 draws to a close, profit-taking by long-term holders and macroeconomic factors could be driving the largest cryptocu...
Cryptocoins News / Finance Magnates - 4 months ago
MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million, bringing its total holdings to 446,400 BTC. This purchase, made on December 29, marked the eighth consecutive week of Bitcoi...
Cryptocoins News / Finance Magnates - 4 months ago
The crypto market experienced a monumental performance in 2024. Boosted by major developments like regulatory clarity, Bitcoin spot ETF approvals, and DeFi innovations, the average monthly trading volume soared to $1.5 trillion, up a staggering 135%...
Cryptocoins News / Finance Magnates - 4 months ago
A Hong Kong legislator, Wu Jiexhuang, has called for the city to explore the potential of including Bitcoin in its national reserve under the “one country, two systems” policy. Wu, a member of Hong Kong's Legislative Council, suggested that the regio...
Cryptocoins News / Finance Magnates - 4 months ago
Bybit has ended its operations in Malaysia following an order from the Securities Commission Malaysia (SC). The SC flagged the cryptocurrency exchange giant for operating in the country without local registration. It held Bybit’s CEO, Ben Zhou, respo...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, one of the biggest cryptocurrencies used by Ripple, tumbled to December lows of $2.04 on Monday, leading cryptocurrency market losses as a strengthening U.S. dollar and year-end profit-taking pressured digital assets.Let’s examine why XRP is dow...
