Cryptocoins News / Finance Magnates - 1 year ago
The European Union's banking regulator urged stablecoin issuers to adopt the Markets in Crypto Assets (MiCA) regulations, which the EU adopted in April. Specifically, the regulator has cited the provisions related to the permanent right of redemption...
Cryptocoins News / Finance Magnates - 1 year ago
Stablecoins, a sort of cryptocurrency meant to maintain a stable value, have received a lot of interest because of its potential to revolutionize financial institutions all around the world. Stablecoins offer a possible alternative in places where tr...
Cryptocoins News / Finance Magnates - 1 year ago
Companies holding or trading cryptocurrencies in South Korea will be required to disclose information about their transactions to the financial regulator, according to the draft rules released by the country's Financial Services Commission (FSC) yest...
Cryptocoins News / Finance Magnates - 1 year ago
The European Securities and Markets Authority (ESMA) is curious what the cryptocurrency industry thinks about the recently introduced Markets in Crypto-Assets Regulation (MiCA). Accordingly, it has published its inaugural consultation package and pla...
Cryptocoins News / Finance Magnates - 1 year ago
The American derivatives and securities exchange network, Cboe Global Markets, filed amended applications to list spot Bitcoin exchange-traded funds (ETFs) yesterday (Tuesday). The amended applications propose to include Coinbase as a surveillance-sh...
Cryptocoins News / Finance Magnates - 1 year ago
The London and NASDAQ-listed miner, Argo Blockchain has revealed a drop in monthly Bitcoin (BTC) production and revenue. Despite these setbacks, Argo is enhancing its total hash rate capacity and signals a stronger outlook for the future.Argo Blockch...
Cryptocoins News / Finance Magnates - 1 year ago
Sports have long been a hub of innovation and technology. Sports have embraced innovation to improve the game, from innovations in equipment to data analytics altering individual performance. A new trend has evolved in recent years, mixing the worlds...
Cryptocoins News / Finance Magnates - 1 year ago
The Bank for International Settlements (BIS) has told the Group of Twenty (G20), the intergovernmental forum comprising the world's top 19 economies, and the European Union, that cryptocurrencies cannot be adopted as a monetary instrument because t...
Cryptocoins News / Finance Magnates - 1 year ago
Three cryptocurrency exchanges based in Canada, WonderFi, CoinSmart, and Coinsquare, have reportedly completed a merger. The combined entity plans to invest in SmartPay, a digital asset payments platform launched by Coinsmart in 2020.WonderFi is a...
Cryptocoins News / Finance Magnates - 1 year ago
The newest collaboration between two European financial technology companies will provide institutional traders access to the fragmented digital assets market. 4OTC, a FinTech provider for cryptos and FX, has announced a strategic partnership with a...
Cryptocoins News / Finance Magnates - 1 year ago
Dubai's digital asset regulator, the Virtual Asset Regulatory Authority (VARA), has suspended BitOasis, a cryptocurrency trading platform, from operating in the region. VARA announced the suspension yesterday (Monday), accusing the trading platform o...
Cryptocoins News / Finance Magnates - 1 year ago
The Financial Conduct Authority (FCA) has been active in identifying and disrupting illegal crypto ATMs across the UK. Since the start of 2023, the regulatory body has inspected 34 locations suspected of hosting these machines. The operation, conduct...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrencies have grown in popularity and acceptability, and their influence has gone beyond the financial realm. The rise of crypto sponsorships, in which organizations and individuals use digital currencies to build alliances and endorsements,...
Cryptocoins News / Finance Magnates - 1 year ago
HIVE Blockchain Technologies Ltd., a publicly-listed company in the cryptocurrency mining industry, has unveiled its unaudited Bitcoin (BTC) production statistics for June 2023. The firm has mined 259 Bitcoin, elevating its current crypto balance to...
Cryptocoins News / Finance Magnates - 1 year ago
The US Securities and Exchange Commission (SEC) yesterday (Friday) filed its response to Coinbase’s rejection of its allegations, noting that the cryptocurrency exchange “understood that the securities laws could apply to its conduct.” The securities...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Gemini has dragged Digital Currency Group (DCG), the bankrupt digital lender of Genesis’ parent company, and its CEO, Barry Silbert, to court. In a lawsuit filed today (Friday) before a court in New York, the exchange acc...
Cryptocoins News / Finance Magnates - 1 year ago
Jesse Powell, the Co-Founder of the cryptocurrency exchange, Kraken who stepped down as the CEO last year, recently faced an investigation by the Federal Bureau of Investigation (FBI). According to the New York Times, the probe was based on allegatio...
Cryptocoins News / Finance Magnates - 1 year ago
Decentralized Finance, or DeFi, has emerged as one of the financial industry's most transformational and disruptive forces. DeFi protocols, which are based on blockchain technology, aim to eliminate middlemen, and allow open, permissionless access to...
Cryptocoins News / Finance Magnates - 1 year ago
The emergence of crypto sponsorships has caused tremendous disruption in the world of sports marketing. As cryptocurrencies acquire public recognition and appeal, athletes, teams, and brands are increasingly leveraging this new type of sponsorship to...
Cryptocoins News / Finance Magnates - 1 year ago
A new phenomenon is taking center stage in the world of sports marketing: the incorporation of non-fungible tokens (NFTs) in crypto sponsorships. NFTs are blockchain-powered digital assets that indicate ownership or proof of authenticity of a certain...
Cryptocoins News / Finance Magnates - 1 year ago
Binance's senior executives are reportedly leaving the organization following the regulatory crisis facing the cryptocurrency exchange. According to the people familiar with the matter, some of the employees of the exchange were planning to resign...
Cryptocoins News / Finance Magnates - 1 year ago
As Binance is exiting the Dutch market, the crypto exchange has entered into an agreement with its local rival Coinmerce to transfer its Dutch users. Binance will cease its operations in Holland on 17 July. Binance to Dutch Transfer Local Rival Accor...
Cryptocoins News / Finance Magnates - 1 year ago
Lately, when it comes to the state of crypto regulation and integration with the traditional financial system, all eyes have been on the US, the EU, and parts of Asia. In the US, it’s been a turbulent situation with regulatory bodies and some politic...
Cryptocoins News / Finance Magnates - 1 year ago
Bitfinex, the cryptocurrency exchange where hackers stole over 119,000 bitcoins (BTC) in August 2016, has retrieved about $315,000 in cash and cryptocurrencies in its latest recovery effort. The BTC stolen from the exchange, worth about $71 million t...
Cryptocoins News / Finance Magnates - 1 year ago
The combined value of spot and derivatives trading volumes on centralized exchanges (CEXs) jumped 14.2% for the first time in three months, reaching $2.71 trillion in June. The bullish trend came amidst a new wave of applications for spot Bitcoin (BT...
