Cryptocoins News / Finance Magnates - 2 months ago
The cryptocurrency market has experienced significant turbulence in early 2025, with Bitcoin falling from its all-time high of $109,000 in January to $82,000 by end of February. This 20% decline has left many investors wondering what factors are driv...
Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency exchange Bybit has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates to set up as a Virtual Asset Platform Operator. The approval, dated February 18, 2025, comes shor...
Cryptocoins News / Finance Magnates - 2 months ago
MARA Holdings, the publicly listed Bitcoin (BTC) miner from Wall Street (NASDAQ: MARA), announced record financial results for the fourth quarter and full year 2024. Revenue, net income, and adjusted EBITDA significantly increased despite April's bit...
Cryptocoins News / Finance Magnates - 2 months ago
USDT stablecoin issuer Tether has failed to secure a court order to block its former bitcoin mining partner, Swan Bitcoin, from pursuing a lawsuit in California, the Financial Times reported. The UK High Court dismissed Tether’s request for an injunc...
Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency exchange Bybit experienced a security breach resulting in the unauthorized transfer of over $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH). The exchange reported unauthorized access to one of its Ethereum cold wallets on...
Cryptocoins News / Finance Magnates - 2 months ago
A new industry survey has revealed significant disparities in crypto over-the-counter (OTC) trading volume estimates. Some liquidity providers suggest daily figures exceeding $100 billion, while the average estimate stands at approximately $39 billio...
Cryptocoins News / Finance Magnates - 2 months ago
The cryptocurrency market is rebounding from a brutal sell-off, with Litecoin (LTC) spearheading the recovery. The coin’s price surged 16% in the past 24 hours, signaling renewed investor confidence. At the time of this publication, the digital asset...
Cryptocoins News / Finance Magnates - 2 months ago
Shares of major publicly listed Bitcoin (BTC) mining companies tumbled this week as the oldest cryptocurrency continued its retreat below the critical $90,000 threshold. Widening net losses and increasing competition led the worst-performing stock to...
Cryptocoins News / Finance Magnates - 2 months ago
Following a major security breach that cost Bybit an estimated $1.5 billion in losses, the crypto exchange is taking matters into its own hands. Today (Tuesday), the exchange launched LazarusBounty.com, an industry-first bounty platform designed to e...
Cryptocoins News / Finance Magnates - 2 months ago
Riot Platforms, the publicly listed Bitcoin (BTC) miner from Wall Street (NASDAQ: RIOT), announced record financial results for 2024, reporting $376.7 million in total revenue and $109.4 million in net income. The results come despite facing signific...
Cryptocoins News / Finance Magnates - 2 months ago
Bitcoin (BTC), the world’s leading cryptocurrency, has taken a significant hit, dropping below $91,000 as of February 25, 2025. From macroeconomic uncertainties to market-specific dynamics, several factors are contributing to why Bitcoin is falling a...
Cryptocoins News / Finance Magnates - 2 months ago
Crypto exchange OKX has pleaded guilty and settled with the US Justice Department by paying more than $504 million for offering services to US-based clients without obtaining a money transmitter license. The settlement was made with Seychelles-based...
Cryptocoins News / Finance Magnates - 2 months ago
The race to bring more cryptocurrency exchange-traded funds (ETFs) to market continues as Nasdaq seeks to list the Canary HBAR ETF. The exchange filed an application with the US Securities and Exchange Commission (SEC) to offer an ETF supported by He...
Cryptocoins News / Finance Magnates - 2 months ago
On February 24, 2025, Dogecoin (DOGE), the popular memecoin, is experiencing a significant price slump, currently trading at $0.2330. A drop to the lowest levels since early November—over three months—has traders wondering: Will Dogecoin crash? In th...
Cryptocoins News / Finance Magnates - 2 months ago
Bybit, the cryptocurrency exchange hacked last Friday, withstood an outflow of over $6.1 billion over the weekend. However, the exchange’s CEO announced that the platform replaced the $1.4 billion worth of Ether stolen in the attack.According to DeFi...
Cryptocoins News / Finance Magnates - 2 months ago
Bybit faced one of the largest security breaches in crypto history, but rather than standing alone, the exchange witnessed an extraordinary wave of industry-wide support. The exchange reportedly lost more than $1.4 billion in liquid-staked Ether (ETH...
Cryptocoins News / Finance Magnates - 2 months ago
Costa Rica is taking its first official step into the world of crypto investing. Banco Nacional, the country’s largest commercial bank, is set to launch a spot Bitcoin exchange-traded fund (ETF) through its investment arm, BN Fondos. This move marks...
Cryptocoins News / Finance Magnates - 2 months ago
Cryptocurrency exchange Bybit has reportedly lost over $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH) due to a security breach. The incident was flagged by onchain security analyst ZackXBT, who urged users to blacklist addresses linked...
Cryptocoins News / Finance Magnates - 2 months ago
US regulators seem to be softening their stance on cryptocurrency under Trump’s pro-crypto administration. The Securities and Exchange Commission (SEC) just agreed to dismiss its lawsuit against Coinbase. This development, announced by the exchange,...
Cryptocoins News / Finance Magnates - 2 months ago
Pi Network's Open Mainnet is live, allowing external trading of Pi Coin; major exchanges are listing it, but skepticism persists due to transparency issues.The Long-Awaited Launch: Pi Network Goes LiveAfter years of anticipation and a fair share of d...
Cryptocoins News / Finance Magnates - 2 months ago
SEC approved a yield-bearing stablecoin, introducing a new era for crypto stablecoins. The asset class is an important aspect of the crypto market that facilitates billions of daily transactions. However, they have traditionally lacked yield, forcing...
Cryptocoins News / Finance Magnates - 2 months ago
XRP has surged nearly 7%, making it the strongest-performing cryptocurrency over the past 24 hours. This rally is driven by news of ongoing work on the world’s first spot XRP ETF, set to debut soon in Brazil.Let’s take a closer look at why XRP’s pric...
Cryptocoins News / Finance Magnates - 2 months ago
The Czech Republic officially enacted a new cryptocurrency law that simplifies tax rules and brings the country in line with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The legislation, signed by President Petr Pavel, aims to su...
Cryptocoins News / Finance Magnates - 2 months ago
Nigeria has filed a lawsuit against Binance, seeking $79.5 billion in damages for economic losses and $2 billion in back taxes. The case was revealed in court documents today (Wednesday), the Guardian reported.Authorities blame Binance for worsening...
Cryptocoins News / Finance Magnates - 2 months ago
Bitcoin is trading within a narrow range of $93,000 to $106,000, signaling potential for major price movement in the coming days. The waning market sentiment comes amid a report that Bitcoin millionaires have largely declined in Trump’s second term....
