Cryptocoins News / Finance Magnates - 1 year ago
Binance has set forth a plan to gradually discontinue BUSD stablecoin support across its platforms. The exchange has asked its users who have been relying on BUSD for trading to convert their holdings into alternative assets by February of the upco...
Cryptocoins News / Finance Magnates - 1 year ago
After the high-profile collapse of the cryptocurrency exchange, FTX in November 2022, the industry began looking for solutions to assure investors that centralized trading platforms are safe. This led to the idea of creating Proof of Reserves (PoR) t...
Cryptocoins News / Finance Magnates - 1 year ago
Innovations are altering the financial environment in the rapidly expanding realm of cryptocurrency. The Lightning Network has emerged as a trailblazing solution to the scalability issues that blockchain networks, particularly Bitcoin, confront. We d...
Cryptocoins News / Finance Magnates - 1 year ago
Binance Japan has unveiled its strategy encompassing a widespread adoption of Web3 technology and a focus on stablecoins. According to an online business press briefing hosted by the company, Binance Japan plans to handle up to 100 crypto assets in t...
Cryptocoins News / Finance Magnates - 1 year ago
United States District Court judge for the Southern District of New York, Katherine Polk Failla, who is also hearing the lawsuit of the Securities and Exchange Commission (SEC) against Coinbase, has recently dismissed a class-action suit against Unis...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Binance has launched a new platform called 'Send Cash', which allows users from nine Latin American countries to send crypto funds directly to bank accounts based in Colombia and Argentina.Binance Expands Services in Lati...
Cryptocoins News / Finance Magnates - 1 year ago
Robinhood Wallet has incorporated support for Bitcoin and Dogecoin, along with introducing Ethereum swaps within its platform. This move comes after the wallet's successful global launch six months ago, garnering a widespread user base across 140 cou...
Cryptocoins News / Finance Magnates - 1 year ago
Rep. Kim Nam-kuk, the independent South Korean lawmaker facing scrutiny over his crypto holdings, has retained his seat in the countryâs National Assembly. A parliamentary ethics subcommitteeâs bipartisan vote to expel the first-time legislator ended...
Cryptocoins News / Finance Magnates - 1 year ago
The Ad Hoc Group, a group of creditors claiming approximately $2.4 billion against bankrupt digital asset lender, Genesis, has opposed the in-principle agreement reached between Digital Currency Group (DCG) and the Committee of Unsecured Creditors (U...
Cryptocoins News / Finance Magnates - 1 year ago
The social media platform X (formerly Twitter), owned by Elon Musk, has taken another step towards offering its users financial services, including cryptocurrency payments. The platform has just obtained a local license in the United States, issued b...
Cryptocoins News / Finance Magnates - 1 year ago
SEBA Hong Kong, a Swiss-based crypto-friendly bank, has received an Approval-in-Principal (AIP) from Hong Kongâs Securities and Futures Commission. The company is set to become the first group of licensed corporations in the Special Administrative Re...
Cryptocoins News / Finance Magnates - 1 year ago
Tether has turned its focus to the Bahamas-based Britannia Bank & Trust for processing dollar transfers. This step occurs as the traditional US banks cut ties with the cryptocurrency entities. In the past, Tether has faced questions regarding the...
Cryptocoins News / Finance Magnates - 1 year ago
The financial results of yet another publicly traded cryptocurrency miner showed that it is challenging to make a net profit under current market conditions. Cathedra Bitcoin Inc. (TSX: CBIT), a Toronto-based Bitcoin mining company, has disclosed its...
Cryptocoins News / Finance Magnates - 1 year ago
Robinhood Markets (Nasdaq: HOOD), a popular American commission-free broker, has quietly ended its partnership with Chicago-based Jump Trading, a big name in the traditional finance industry, for facilitating crypto transactions, Coindesk reported, c...
Cryptocoins News / Finance Magnates - 1 year ago
The US Department of Justice (DOJ) has responded to claims by the lawyers of FTX's Founder (Sam Bankman-Fried) that prosecutors are dumping âmillions of pagesâ of discovery materials or evidence on the embattled crypto entrepreneur less than six week...
Cryptocoins News / Finance Magnates - 1 year ago
Grayscale Investment, the Connecticut-based crypto asset manager, has scored a legal victory over the US Securities and Exchange Commission (SEC). Today (Tuesday), the US Court of Appeals for the District of Columbia Circuit ruled that the SECâs reje...
Cryptocoins News / Finance Magnates - 1 year ago
In a significant move reflecting efforts to adhere to international financial sanctions, Binance has dropped Banco de Venezuela from its peer-to-peer (P2P) trading services. This action comes in the wake of similar steps taken against sanctioned Russ...
Cryptocoins News / Finance Magnates - 1 year ago
Another publicly traded cryptocurrency miner has published a financial report for Q2 2022, reflecting complex market conditions and mixed results in the face of low Bitcoin (BTC) prices and increasing mining difficulty. On one hand, Canaan Inc. (NASD...
Cryptocoins News / Finance Magnates - 1 year ago
Digital Currency Group (DCG) has entered into an in-principle agreement with the creditors of its cryptocurrency lending subsidiary, Genesis. This agreement could reportedly pave the way for substantial recoveries, ranging from 70% to 90% in USD equi...
Cryptocoins News / Finance Magnates - 1 year ago
The recent Argo Blockchain financial report presents a mixed bag, with the company making strides in reducing operational costs and debt but facing a decline in revenue and net loss. The publicly-listed firmâs results for the first half of 2023 show...
Cryptocoins News / Finance Magnates - 1 year ago
Binance is reevaluating its crypto business in Russia and even considering an exit from the market as the exchange is facing fresh allegations of allowing Russians to take out their money using sanctioned banks, the Wall Street Journal reported. "All...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried, the Founder of the insolvent cryptocurrency exchange, FTX, is finally challenging the decision of Judge Lewis Kaplan to jail him ahead of his trial scheduled to start on October 3rd, according to Reuters. Earlier this month, Judge...
Cryptocoins News / Finance Magnates - 1 year ago
The US Securities and Exchange Commission (SEC) has taken its first enforcement action targeting the non-fungible token (NFT) industry. Today (Monday), the securities regulator announced that it has accused Impact Theory, a Los Angeles-based media an...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, the worldâs largest cryptocurrency exchange by trading volume, has opted to migrate its users in Belgium to its Polish subsidiary rather than quit the Western European country. In late June, the Belgian financial markets watchdog ordered the...
Cryptocoins News / Finance Magnates - 1 year ago
Amidst a dynamic landscape in the South Korean crypto asset landscape, exchanges are bracing for change, with the Korea Federation of Banks issuing real-name account operation guidelines that demand a minimum reserve of 3 billion Korean won (USD $2.3...
