Cryptocoins News / Finance Magnates - 1 year ago
Bitfarms Ltd., a publicly-listed Bitcoin (BTC) mining company, has released its production and mining operations update for September 2023. The company successfully mined 411 Bitcoin, representing an increase of 7.3% from the previous month. Alongsid...
Cryptocoins News / Finance Magnates - 1 year ago
Cities all over the world are competing to become blockchain innovation hotspots. Busan, South Korea, is one such city that has been proactive in its efforts to establish itself as a premier blockchain city. Busan's Grandiose VisionBusan, the second-...
Cryptocoins News / Finance Magnates - 1 year ago
FTX's Founder, Sam Bankman-Fried, is set to stand trial tomorrow (Tuesday). He faces charges related to the crypto exchange's collapse and the alleged misappropriation of billions of dollars in customers' funds. This six-week trial aims to reveal tes...
Cryptocoins News / Finance Magnates - 1 year ago
Sygnum's Singapore arm has been granted a full license by the Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) brokerage services. This step allows Sygnum to introduce its DPT brokerage platform to accredited investors and i...
Cryptocoins News / Finance Magnates - 1 year ago
The search for a Bitcoin Exchange-Traded Fund (ETF) in the United States has been to date an elusive journey. Investors, enthusiasts, and financial professionals have been watching the regulatory developments surrounding this new financial product wi...
Cryptocoins News / Finance Magnates - 1 year ago
VanEck is stepping into the Ethereum blockchain with the launch of VanEck Ethereum Strategy ETF (EFUT). This ETF, structured as a C-Corp, is aimed at transforming how investors could benefit from the future of Ethereum, the company said. Unlike tradi...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency world is dealing with a very concerning trend. In September 2023, a staggering $329.8 million was stolen in crypto-related exploits, emerging as the most devastating month so far this year.Phishing, Scams, and Hacks Drain $1.34 Bil...
Cryptocoins News / Finance Magnates - 1 year ago
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against individuals and entities associated with Cryptobravos. It has accused them of a massive fraud scheme. The CFTC alleges that the defendants fraudulently solic...
Cryptocoins News / Finance Magnates - 1 year ago
San Francisco-headquartered crypto exchange Coinbase (Nasdaq: COIN) has strengthened its Southeast Asian presence by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore.Coinbase's Ambitions for SingaporeAnnoun...
Cryptocoins News / Finance Magnates - 1 year ago
Su Zhu, the Co-Founder of Three Arrows Capital (3AC), has been arrested in Singapore. His arrest is linked to his alleged failure to cooperate during the bankruptcy proceedings of 3AC, a crypto-lending company that collapsed last year. This afternoon...
Cryptocoins News / Finance Magnates - 1 year ago
The New York-based cryptocurrency exchange Gemini has announced its decision to suspend services to Dutch customers starting from November 17. This move resulted from regulatory pressure imposed by the De Nederlandsche Bank (DNB). However, Gemini is...
Cryptocoins News / Finance Magnates - 1 year ago
Ripple has decided to reverse its planned acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies that offers wallet and payment services. Less than a month after announcing its intention to acquire the wallet and payment serv...
Cryptocoins News / Finance Magnates - 1 year ago
Few events have had the same impact as the demise of Mt. Gox, the world's largest Bitcoin exchange. The 2014 fiasco left hundreds of investors reeling as the exchange declared bankruptcy amid charges of theft and incompetence, culminating in the loss...
Cryptocoins News / Finance Magnates - 1 year ago
The financial industry has been buzzing over the prospect of a Grayscale Bitcoin Exchange-Traded Fund (ETF). Grayscale Investments is well-known for its Grayscale Bitcoin Trust (GBTC), which allows investors to obtain exposure to Bitcoin through stan...
Cryptocoins News / Finance Magnates - 1 year ago
Bitcoin is a digital asset that is well-known for its durability and independence from traditional financial systems. However, even this decentralized powerhouse is vulnerable to the effects of big external events, such as US government shutdowns. We...
Cryptocoins News / Finance Magnates - 1 year ago
Blockchain unicorn Fireblocks has made a strategic move by acquiring Australia-based BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions. This acquisition is estimated...
Cryptocoins News / Finance Magnates - 1 year ago
The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several proposals for spot Bitcoin exchange-traded funds (ETFs). The affected applicants include financial giants like BlackRock, Invesco, Bitwise, an...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried, the indicted Founder of the now-bankrupt crypto exchange FTX, may be staring at a "very long sentence" if convicted of fraud. The judge overseeing the trial starting next week expressed uncertainty about Bankman-Fried's future, sug...
Cryptocoins News / Finance Magnates - 1 year ago
Cameron and Tyler Winklevoss, the Co-Founders of Gemini, are under scrutiny over an alleged secret withdrawal of $282 million from the now-bankrupt crypto lender, Genesis. This withdrawal occurred just months before the entire crypto firm collapsed,...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, one of the world's largest and most influential cryptocurrency exchanges, has found itself embroiled in a lawsuit with the U.S. Securities and Exchange Commission (SEC). This case has far-reaching consequences for the cryptocurrency sector,...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase International Exchange has achieved a notable milestone by obtaining regulatory approval from Bermuda's financial regulator. This approval will enable eligible non-U.S. retail customers to participate in perpetual futures trading. Coinbase's...
Cryptocoins News / Finance Magnates - 1 year ago
Terraform Labs' Founder, Do Kwon, has opposed attempts by the US Securities and Exchange Commission (SEC) to extradite him for questioning regarding the collapse of Terra LUNA and the stablecoin TerraUSD. Kwon's defiance became evident with a recent...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto.com, a Singapore-based cryptocurrency exchange, has joined forces with payment giant PayPal and blockchain infrastructure firm Paxos to establish itself as the preferred platform for trading in PayPal's USD-pegged stablecoin (PYUSD). PYUSD Lis...
Cryptocoins News / Finance Magnates - 1 year ago
After withdrawing support for GBP payments in May, Binance is now suspending EUR operations offered through Paysafe. Although the news of the exchange's suspension of its partnership with the payment company in Europe has been known for several month...
Cryptocoins News / Finance Magnates - 1 year ago
In a court filing on Wednesday (yesterday), the U.S. Department of Justice (DOJ) firmly opposed the renewed motion for temporary release filed by Sam Bankman-Fried, the Founder of the cryptocurrency exchange FTX, ahead of his upcoming trial. The moti...
