Cryptocoins News / Finance Magnates - 1 year ago
Gemini, a cryptocurrency exchange, has announced plans to expand its operations in the Asia-Pacific (APAC) region. The plans include increasing staff members in Singapore, which will serve as the regional hub, and launching an engineering base in Ind...
Cryptocoins News / Finance Magnates - 1 year ago
EDX Markets, a new digital asset marketplace, has announced the successful initiation of its trading operations, which is backed by a consortium of major financial institutions. Among the mentioned companies are several Wall Street giants, including...
Cryptocoins News / Finance Magnates - 1 year ago
Over the last decade, the world of cryptocurrencies has seen amazing development and innovation. Governments and regulatory bodies are attempting to build comprehensive frameworks to oversee the usage of digital assets as they gain popularity and gen...
Cryptocoins News / Finance Magnates - 1 year ago
Frankfurt-headquartered Deutsche Bank has applied for a digital asset license from Germany’s financial market regulator, BaFIN, according to a report by Bloomberg today (Tuesday). If approved, the license will allow the banking giant to offer custod...
Cryptocoins News / Finance Magnates - 1 year ago
The INX Digital Company (NEO: INXD), a New York-based digital asset broker-dealer partly owned and headed by the former CEO at Anyoption Shy Datika, has received an investment of $5.25 million at a valuation of $50 million from Republic, which also o...
Cryptocoins News / Finance Magnates - 1 year ago
The United Kingdom is getting closer to treating cryptocurrency as a regulated activity, with the promotion of digital assets being closely monitored. On Monday, lawmakers from Parliament’s upper chamber and the House of Lords ratified the Financial...
Cryptocoins News / Finance Magnates - 1 year ago
A court in Montenegro has sentenced Do Kwon, the Co-Founder of Terraform Labs, to four months in jail for possessing forged passports and travel documents. Han Chong-Joon, the former Chief Financial Officer at the Singapore-based blockchain company,...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Coinbase asked the federal court on Saturday to compel the Securities and Exchange Commission (SEC) to respond to a petition it filed last year. Coinbase petitioned the commission requesting clear rules for identifying wh...
Cryptocoins News / Finance Magnates - 1 year ago
Finery Markets, an OTC trading solutions provider for crypto businesses and institutions, has joined forces with Bequant, a crypto prime brokerage. Through the partnership, the service will cover over 150 crypto-to-crypto and fiat-to-crypto pairs.Beq...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has reached a deal with Binance and Binance.US to circumvent the need for an asset freeze, limiting access to US customers' funds only to Binance.US employees. Additionally, the United States district cour...
Cryptocoins News / Finance Magnates - 1 year ago
The registration of Binance Markets Limited (BML), the UK subsidiary of the global crypto exchange, with the Financial Conduct Authority (FCA) has officially been withdrawn at the company's request. Now, none of the Binance entities is holding any op...
Cryptocoins News / Finance Magnates - 1 year ago
Binance’s local unit in France is being investigated by public prosecutors in Paris over the ‘illegal’ provision of crypto services before it was licensed in May last year, CoinDesk reported. The exchange is also being probed for ‘acts of aggravated...
Cryptocoins News / Finance Magnates - 1 year ago
Fraud has been a persistent problem in many industries, causing enormous financial losses for both corporations and individuals. The intricacy of fraudulent acts grows in lockstep with technological advancement. Blockchain technology, on the other ha...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrency trading platform, CoinEX, will halt its operations in New York after agreeing to pay $1.7 million as a settlement to the Office of the New York Attorney General (NYAG). Additionally, the Hong Kong-based exchange has been ordered to ref...
Cryptocoins News / Finance Magnates - 1 year ago
Total liquidity for pioneer cryptocurrency Bitcoin (BTC) fell dramatically by 53.4% from a peak last seen before the collapse of Bahamas-based digital asset exchange FTX on October 25th last year. Compared to the start of 2023, liquidity for the nati...
Cryptocoins News / Finance Magnates - 1 year ago
In this digital age, central banks are actively investigating the possibility of establishing their own digital currencies. Central banks acknowledge the need to adapt to the shifting financial landscape as technology improves and cryptocurrencies ga...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto exchange Binance exited the Netherlands as it failed to obtain a virtual asset service provider (VASP) from the local regulator. The exchange immediately terminated the onboarding of new Dutch residents as customers, while all services, except...
Cryptocoins News / Finance Magnates - 1 year ago
The US Federal Deposit Insurance Corp. (FDIC) has ordered OKCoin to remove misleading statements that suggest that its customers' accounts were insured through the government agency. FDIC issued the order on Thursday in a letter addressed to the exch...
Cryptocoins News / Finance Magnates - 1 year ago
BlackRock, the world's largest fund manager, filed for a spot Bitcoin exchange-traded fund (ETF) yesterday (Thursday). The application came when the Securities and Exchange Commission (SEC) brought lawsuits against Coinbase and Binance, two big crypt...
Cryptocoins News / Finance Magnates - 1 year ago
The Texas State Securities Board has issued an emergency cease and desist order against the crypto lender, Abra, alleging that the company had been insolvent since at least 31 March 2023. Abra Faces Enforcement Action According to the US state regula...
Cryptocoins News / Finance Magnates - 1 year ago
The US affiliate of Binance has laid off around 50 staff across a few divisions in the latest round of reducing its workforce, Reuters reported citing two anonymous sources. A Massive Layoff Round at Binance.US The report detailed that the laid-off s...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrencies have received a lot of interest in recent years because they provide a decentralized and digital form of money. However, widespread acceptance continues to be a struggle. Allowing consumers to earn digital assets is one potential met...
Cryptocoins News / Finance Magnates - 1 year ago
An Israeli crypto entrepreneur was reportedly robbed of his digital assets at gunpoint in his Tel Aviv home two weeks ago, according to the Israeli financial site, Globes on Wednesday. The entrepreneur, whose identity has not been revealed, told poli...
Cryptocoins News / Finance Magnates - 1 year ago
Hong Kong’s central bank is reportedly pushing HSBC, Standard Chartered, and the Bank of China, to accept cryptocurrency companies as clients, the Financial Times reported today (Thursday), citing three people familiar with the matter. The Hong Kong...
Cryptocoins News / Finance Magnates - 1 year ago
OKX, one of the largest crypto exchanges by trading volumes, has announced that it has been granted a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). With the newly obtained authorization, O...
