Cryptocoins News / Finance Magnates - 6 months ago
Transak has obtained two licenses from Canada and the US to enhance its regulatory compliance. In the US, Transak USA LLC secured its second Money Transmitter License (MTL) from the State of Delaware, following its first MTL from the Alabama Securiti...
Cryptocoins News / Finance Magnates - 6 months ago
Paxos has expanded its stablecoin offerings with the launch of Global Dollar (USDG), a US dollar-backed stablecoin that aligns with Singapore’s upcoming stablecoin regulations. The company claims that this stablecoin is “designed to support the needs...
Cryptocoins News / Finance Magnates - 6 months ago
The Swiss-based digital asset banking group Sygnum has successfully converted its Yield Core crypto fund into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure, moving towards institutional-grade crypto investment offerings. The fund...
Cryptocoins News / Finance Magnates - 6 months ago
Riot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished.R...
Cryptocoins News / Finance Magnates - 6 months ago
The cooperation of Nishad Singh, the former chief engineer at the now-collapsed FTX, with the authorities was advantageous, as he was sentenced to time served along with three years of supervised release yesterday (Wednesday). He has also been ordere...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase (Nasdaq: COIN) missed Wall Street’s Q3 2024 revenue estimate of $1.26 billion, reporting $1.2 billion. Its earnings per share of $0.28 also fell short of analyst expectations of $0.45. The crypto exchange’s EBITDA of $449 million also missed...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase and Visa introduced real-time crypto deposits via Visa debit cards to offer instant access to digital currencies for US and EU customers. Instant Crypto TransfersThe collaboration between the two giant entities promises to improve how people...
Cryptocoins News / Finance Magnates - 6 months ago
Publicly listed Bitcoin (BTC) miners from Wall Street are grappling with escalating production costs, with the average expense to mine one token reaching $49,500 in the second quarter, highlighting the growing challenges in the cryptocurrency mining...
Cryptocoins News / Finance Magnates - 6 months ago
Although Bitcoin (BTC) fell short by $200 of establishing a new ATH against the US dollar, it achieved this milestone against several other fiat currencies. Most importantly, against the euro, where the crypto asset surpassed €68,000 for the first ti...
Cryptocoins News / Finance Magnates - 6 months ago
Although Bitcoin (BTC) fell short by $200 of establishing a new ATH against the US dollar, it achieved this milestone against several other fiat currencies. Most importantly, against the euro, where the crypto asset surpassed €68,000 for the first ti...
Cryptocoins News / Finance Magnates - 6 months ago
As the United States gears up for another significant presidential election, the intersection of politics and cryptocurrency has emerged as a critical area of focus. The candidates, former President Donald Trump and Vice President Kamala Harris, offe...
Cryptocoins News / Finance Magnates - 6 months ago
As the United States gears up for another significant presidential election, the intersection of politics and cryptocurrency has emerged as a critical area of focus. The candidates, former President Donald Trump and Vice President Kamala Harris, offe...
Cryptocoins News / Finance Magnates - 6 months ago
Africa's cryptocurrency adoption is surging, with Telegram-based crypto communities growing by an unprecedented 189% since early 2023, according to new research from cryptocurrency exchange Bitget. The findings highlight a significant shift in global...
Cryptocoins News / Finance Magnates - 6 months ago
Binance launched Binance Wealth, a solution designed specifically for wealth managers. This initiative enables wealth advisors to integrate cryptocurrency into their services, offering high-net-worth clients a customized approach to exploring this ra...
Cryptocoins News / Finance Magnates - 6 months ago
Alameda Research, a subsidiary of the collapsed crypto exchange FTX, has initiated legal action against KuCoin to reclaim over $50 million in assets. The lawsuit was filed yesterday (Monday) in the US Bankruptcy Court for the District of Delaware.Ala...
Cryptocoins News / Finance Magnates - 6 months ago
Gemini has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Sin...
Cryptocoins News / Finance Magnates - 6 months ago
OKX, a cryptocurrency exchange and onchain technology company, announced today that it has selected Standard Chartered as a third-party crypto custodian for its global institutional business. Standard Chartered provides cross-border financial service...
Cryptocoins News / Finance Magnates - 6 months ago
The US Department of Justice has charged Maximiliano Pilipis with alleged offences related to operating an unlicensed cryptocurrency exchange and laundering proceeds from Silk Road, a now-closed anonymous dark web marketplace.Charged with Money Laund...
Cryptocoins News / Finance Magnates - 6 months ago
Coinbase and Tether launched blockchain and artificial intelligence (AI) tools to enhance privacy and autonomy in decentralized networks. According to the companies, the tools aim to improve how developers interact with blockchain technology by givin...
Cryptocoins News / Finance Magnates - 6 months ago
Six years ago, a tweet from Tesla CEO Elon Musk started one of the influential events in the adoption of Bitcoin. On October 28, 2017, Musk casually asked his followers, “Want to buy some Bitcoin?” Today, Bitcoin's value has reportedly surged by roug...
Cryptocoins News / Finance Magnates - 6 months ago
Cryptocurrency exchange Bitget has appointed Min Lin, former Binance regional vice president for Latin America, as its Chief Business Officer (CBO) as the platform seeks to accelerate its global expansion.Bitget Names Ex-Binance Executive Lin as Chie...
Cryptocoins News / Finance Magnates - 6 months ago
Singapore has consistently positioned itself as a forward-thinking jurisdiction, balancing innovation with robust regulatory oversight. As a fellow Singaporean, I am very proud of its future planning.The Monetary Authority of Singapore (MAS) is seeki...
Cryptocoins News / Finance Magnates - 6 months ago
B2C2, a provider of institutional liquidity for digital assets, announced an integration of OpenPayd’s embedded finance tools into its instant settlement network. According to the release, the partnership aims to simplify fiat currency transactions f...
Cryptocoins News / Finance Magnates - 6 months ago
Most people spend their lives striving for financial freedom, yet many find themselves constrained by institutions designed to safeguard money.When we place our hard-earned cash in the hands of centralised entities, we surrender a degree of control o...
Cryptocoins News / Finance Magnates - 6 months ago
The US State of Pennsylvania recently became the latest to pass a bill that aims to bring clarity to the world of crypto space, Fox Business reported. The legislation came as the federal government continues to debate how to regulate cryptocurrency....
