Cryptocoins News / Finance Magnates - 1 year ago
August turned out to be an unfavorable month not only for the prices of major cryptocurrencies but also for the performance of the largest exchanges. According to data collected by Finance Magnates Intelligence, the top ten platforms in terms of spo...
Cryptocoins News / Finance Magnates - 1 year ago
Two popular companies in the exchange-traded funds (ETFs) sector, VanEck and ARK Invest, demonstrate that the old adage 'when one door closes, another opens' may hold true in the cryptocurrency market. After unsuccessfully attempting to create a spot...
Cryptocoins News / Finance Magnates - 1 year ago
A decline of 9% in Bitcoin's (BTC) price in August has negatively impacted the production results reported by publicly listed cryptocurrency miners. This is confirmed by Riot Platforms, which produced 333 BTC last month, which is 19% less than in Jul...
Cryptocoins News / Finance Magnates - 1 year ago
The assets of the former CEO of Celsius, Alex Mashinsky have been frozen by the court as he faces mounting legal battles related to the collapse of the crypto lending platform. This development follows his arrest in July and subsequent release on a U...
Cryptocoins News / Finance Magnates - 1 year ago
Few assets garner as much attention and scrutiny as Bitcoin in the ever-changing cryptocurrency world. The previous month has demonstrated the intrinsic volatility of this digital money, leaving both investors and analysts befuddled by its volatile p...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase (Nasdaq: COIN) has recently introduced a new crypto lending service in the United States, primarily targeting institutional clients. This development comes as a response to the challenges faced by other companies like Genesis and BlockFi,...
Cryptocoins News / Finance Magnates - 1 year ago
If fire is fought with fire, can snow be fought with snow? This is the conclusion that the cryptocurrency exchange, Bitget has come to. In response to the ongoing, months-long ‘crypto winter’, Bitget has prepared a new investment product called Snowb...
Cryptocoins News / Finance Magnates - 1 year ago
Grayscale Investments is urging the U.S. Securities and Exchange Commission (SEC) to promptly approve its proposed exchange-traded fund (ETF) that would track bitcoin. This call for approval follows a recent legal victory for Grayscale against the SE...
Cryptocoins News / Finance Magnates - 1 year ago
The decline in Bitcoin (BTC) prices in August and record-high temperatures in many parts of the world have led publicly traded cryptocurrency miners to consider the past month unsuccessful. One such company is Marathon Digital Holdings (NASDAQ: MARA)...
Cryptocoins News / Finance Magnates - 1 year ago
Genesis Global Trading, a subsidiary of Genesis Global, is set to close its US-focused spot crypto trading operations by the end of this month. This decision, communicated to clients via email, comes against the backdrop of Genesis Global's recent tu...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency market is no stranger to wild swings, and the latest excitement surrounding Bitcoin has emphasized the unpredictable character of the digital asset field once again. Traders and investors have been watching the news cycle closely s...
Cryptocoins News / Finance Magnates - 1 year ago
KEB Hana Bank, one of South Korea's largest banks, is teaming up with BitGo Trust Company, a contributor in the cryptocurrency custody business. The goal of this partnership is to provide digital asset custody services in South Korea. Digital asset c...
Cryptocoins News / Finance Magnates - 1 year ago
The narrative of transitioning from fiat to crypto is old news. But, something has changed during the last couple of years. Once envisioned as a grassroots revolution led by libertarian crusaders, it's becoming increasingly apparent that the primary...
Cryptocoins News / Finance Magnates - 1 year ago
Online scammers are becoming increasingly sophisticated, using official government websites from various countries to deceive cryptocurrency users. For this purpose, they are once again exploiting MetaMask, a popular Ethereum-based crypto wallet,...
Cryptocoins News / Finance Magnates - 1 year ago
FTX emerged as a key player in the ever-changing environment of cryptocurrencies and blockchain technology, offering new trading solutions and a platform for enthusiasts and investors to engage in digital asset trading. However, FTX has had its ups a...
Cryptocoins News / Finance Magnates - 1 year ago
The crypto gambling site, Stake.com has become the latest victim of cyber criminals. Around $41 million in cryptocurrencies were siphoned off from the platform in transactions labeled as 'suspicious outflows'.Stake.com Hacked Stake confirmed unauthor...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Bybit has launched TradeGPT (an AI-powered education tool that enhances how traders engage with the crypto market). The company has praised the offering as a response to the limitations of conventional AI, saying it provi...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, OKX is at the final stretch of its virtual asset service provider (VASP) license in Hong Kong. The exchange is expected to receive approval by March 2023. Hong Kong adopted a pro-crypto stance in 2023 but has since been c...
Cryptocoins News / Finance Magnates - 1 year ago
Regulatory issues around the world have led to the departure of several key executives from Binance, increasing the number to five. Mayur Kamat, the Global Product Lead, has stepped down after more than a year with the company. Exchange's growing reg...
Cryptocoins News / Finance Magnates - 1 year ago
Blockchain technology is primarily associated with cryptocurrencies, but its applications seem to be limitless. The London Stock Exchange Group (LSEG) has decided to tap into the potential of distributed ledger technology as it prepares to launch a n...
Cryptocoins News / Finance Magnates - 1 year ago
Robinhood has announced a share repurchase agreement worth $605.7 million with the US Marshal Service (USMS) to regain control of shares previously held by Sam Bankman-Fried's (SBF) firm, Emergent Fidelity Technologies. This move comes after a seri...
Cryptocoins News / Finance Magnates - 1 year ago
Although the cryptocurrency market has significantly developed over the past few years, the Securities and Exchange Commission (SEC) still uses the same tactics it employed almost five years ago. The institution has once again postponed its decision...
Cryptocoins News / Finance Magnates - 1 year ago
As the English Premier League (EPL) season kicks off, the US-based digital trading platform Uphold has entered into a sleeve sponsorship deal with Burnley FC. Uphold’s logo will appear on the left sleeves of Burnley’s shirts for the 2023-24 season, a...
Cryptocoins News / Finance Magnates - 1 year ago
The financial industry is no stranger to instability and unpredictability, and recent economic turmoil has once again focused attention on Bitcoin's function in times of crisis. As traditional markets fluctuate and global events cause waves of worry,...
Cryptocoins News / Finance Magnates - 1 year ago
Are cryptocurrencies and artificial intelligence dangerous? The European Securities and Markets Authority (ESMA) believes so and suggests that the associated risk level will continue to rise. The regulator provides eight reasons to support its thesis...
