Cryptocoins News / Finance Magnates - 1 year ago
In a strategic move that propels the European Central Bank (ECB) to the forefront of digital currency innovation, the institution announced on October 18 its initiation of a two-year "preparation phase" for the digital euro. This groundbreaking devel...
Cryptocoins News / Finance Magnates - 1 year ago
This year's cryptocurrency "Uptober" did not disappoint and benefitted the largest cryptocurrencies and centralized exchanges. Bitcoin's (BTC) nearly 30% increase drove retail trader activity, impacting a significant growth in spot volumes among the...
Cryptocoins News / Finance Magnates - 1 year ago
The Monetary Authority of Singapore (MAS) unveiled a pilot program for the live issuance of a wholesale Central Bank Digital Currency (CBDC) denominated in Singapore dollars. The announcement was made by the Managing Director of MAS, Ravi Menon.MAS...
Cryptocoins News / Finance Magnates - 1 year ago
CoinShares International Limited, a European investment company specializing in digital assets, has secured an option to acquire Valkyrie Funds LLC, the U.S. digital asset manager's investment advisory business known for actively managed cryptocurren...
Cryptocoins News / Finance Magnates - 1 year ago
BlackRock has filed a prospectus with the US Securities and Exchange Commission (SEC) for a spot Ether exchange-traded fund (ETF). The filing followed the registration of the name of the new offering and the application for the filing of an applicati...
Cryptocoins News / Finance Magnates - 1 year ago
In a rapidly evolving landscape of decentralized technologies, the United Arab Emirates (UAE) has emerged as a trailblazer, strategically positioning itself as a global hub for digital assets. This visionary move, fueled by a forward-thinking amalgam...
Cryptocoins News / Finance Magnates - 1 year ago
In the fast-paced world of virtual currencies, the delicate dance between safeguarding investors and fostering innovation is a high-stakes challenge that regulatory bodies grapple with daily. A recent move by the New York State Department of Financia...
Cryptocoins News / Finance Magnates - 1 year ago
In the ever-evolving landscape of digital finance, the dichotomy between acceptance and skepticism toward cryptocurrencies is a central theme. Recently, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), shared a critical...
Cryptocoins News / Finance Magnates - 1 year ago
In collaboration with Gulf Energy Development, Binance is gearing up to launch a crypto exchange in Thailand in early 2024. The announcement follows Gulf Energy's filing with the Stock Exchange of Thailand on November 15. This revealed that the Gulf...
Cryptocoins News / Finance Magnates - 1 year ago
Superintendent Adrienne Harris of the New York State Department of Financial Services (NYDFS) has unveiled new guidance on coin listing and delisting policies. This latest development sets new industry standards and reflects the department's stance o...
Cryptocoins News / Finance Magnates - 1 year ago
Commerzbank, a German financial institution, has secured a crypto custody license from local regulators. This positions Commerzbank as the first "full-service" German bank to be granted such a license under the legal framework of the German Banking A...
Cryptocoins News / Finance Magnates - 1 year ago
The landscape of Central Bank Digital Currencies (CBDCs) is dynamically evolving, guided by diverse motivations that vary based on local circumstances. A recent BIS survey, delving into the intricate fabric of CBDC development, unveils a nuanced pers...
Cryptocoins News / Finance Magnates - 1 year ago
Poloniex, the cryptocurrency exchange compromised for over $100 million on November 10, has provided an update on its recovery efforts. The company said that the steps to restore its operations were almost complete and that the crypto exchange was op...
Cryptocoins News / Finance Magnates - 1 year ago
In a strategic move towards the inevitable shift to tokenization, the Monetary Authority of Singapore (MAS) is leading the way with pioneering tests alongside financial heavyweights like JPMorgan, DBS, and BNY Mellon. This collaborative effort explor...
Cryptocoins News / Finance Magnates - 1 year ago
OKX has expanded its partnership with the asset manager CoinShares and the custody joint venture Komainu to offer derivatives trading with a feature that mitigates counterparty risk associated with assets held on the exchange.Navigating Off-Exchange...
Cryptocoins News / Finance Magnates - 1 year ago
Blockchain.com has become the latest crypto company to see a valuation cut in its latest $110 million Series-E funding round. According to Bloomberg, the company was valued at less than half its last valuation of $14 billion. However, the official an...
Cryptocoins News / Finance Magnates - 1 year ago
The publicly-listed crypto mining company Hut 8 Mining Corp. (TSX: HUT) has reported a decline in revenue for the third quarter of 2023. This resulted in nearly doubling the net loss from Q3 2022 and a stock price fall of over 11% on the Canadian st...
Cryptocoins News / Finance Magnates - 1 year ago
With its clear regulations, Dubai is becoming a hub of crypto companies as HEX Trust became the latest to secure a Virtual Asset Service Provider (VASP) license from the city’s Virtual Asset Regulatory Authority (VARA).HEX Trust Is Expanding Global P...
Cryptocoins News / Finance Magnates - 1 year ago
FTX and BlockFi have received the approval to resume proceedings for the negotiation of claims settlement in the aftermath of BlockFi's bankruptcy filing last year. This step allows FTX to present its arguments, paving the way for a potential settlem...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto.com's Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) Licence for specified virtual asset service activities by Dubai's Virtual Assets Regulatory Authority (VARA). Offering Regulated Services wi...
Cryptocoins News / Finance Magnates - 1 year ago
In the latest financial report, Argo Blockchain plc (LSE: ARGO), a publicly-listed cryptocurrency mining company, detailed a period of mixed financial results for Q3 2023. The company implemented strategic measures that led to improved operational ef...
Cryptocoins News / Finance Magnates - 1 year ago
Bitgin, a cryptocurrency exchange operating in Taiwan, is facing a police investigation for money laundering following the arrest of its Chief Operating Officer, Yuting Zhang, for his alleged role in a major money laundering scandal, local media repo...
Cryptocoins News / Finance Magnates - 1 year ago
Bitvavo has secured a milestone in its European expansion strategy. The Austrian Financial Market Authority has granted the Dutch cryptocurrency exchange authorization to operate as a virtual asset service provider, allowing it to extend its services...
Cryptocoins News / Finance Magnates - 1 year ago
In the ever-evolving world of cryptocurrency, the proposed U.S. tax regime for digital assets has ignited a fervent response from the crypto community. With an overwhelming 120,000 comments, the ongoing IRS hearing has become a battleground where con...
Cryptocoins News / Finance Magnates - 1 year ago
In the ever-evolving realm of cryptocurrency, stability is often perceived as an illusion, and trust becomes a pivotal yet delicate element. Stablecoins, designed to maintain value parity with traditional fiat currencies, emerge as a unique trust exe...
