Cryptocoins News / Finance Magnates - 2 years ago
Binance reportedly has made over 1,000 employees redundant in recent weeks, further shrinking its previous 8,000-strong global workforce. The Wall Street Journal (WSJ) reported the massive cut in employment today (Friday), citing an insider source. B...
Cryptocoins News / Finance Magnates - 2 years ago
Alex Mashinsky, the Founder of the bankrupt cryptocurrency lender, Celsius Network, has pleaded not guilty to fraud charges imposed on him by the US Department of Justice (DOJ). Mashinsky was arrested yesterday (Thursday) in New York after the DOJ an...
Cryptocoins News / Finance Magnates - 2 years ago
The Argentinian financial markets regulator, the National Securities Commission (CNV), has approved the first Bitcoin-based futures contract, which gives investors exposure to the top cryptocurrency. It marks the first time the regulator is approvi...
Cryptocoins News / Finance Magnates - 2 years ago
Central Bank Digital Currencies (CBDCs) have emerged as a key breakthrough in the financial environment, having the potential to transform our perception of and interaction with money. CBDCs are central bank-issued and controlled digital representati...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto has attracted substantial interest, penetrating a variety of industries, including sports. Cryptocurrencies are making inroads into the world of sports, from sponsorship deals to ticket sales and fan interaction. This article investigates the...
Cryptocoins News / Finance Magnates - 2 years ago
The US District Court in the Southern District of New York made a landmark judgment for the cryptocurrency industry yesterday (Thursday). After a lengthy legal battle, Judge Analisa Torres ruled partially in favor of Ripple Labs, saying XRP is not a...
Cryptocoins News / Finance Magnates - 2 years ago
In a landmark judgment yesterday (Thursday), a US court ruled that XRP's token sale to retail investors on public exchanges did not violate the securities law. However, the token sale to sophisticated investors did violate federal securities law.Ripp...
Cryptocoins News / Finance Magnates - 2 years ago
With the introduction of decentralized finance, also known as DeFi, the world of money has undergone a paradigm shift. This new notion is upending existing financial systems by giving individuals greater control over their assets and upsetting the ba...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase and the US Securities and Exchange Commission (SEC) had their first face-off today (Thursday) following the securities regulator’s charges against the cryptocurrency exchange in early June. During the pre-motion hearing, both parties argued...
Cryptocoins News / Finance Magnates - 2 years ago
Alexander Mashinsky, the Founder of the bankrupt cryptocurrency lender, Celsius Network was arrested today (Thursday) in New York. The arrest was made as the United States Department of Justice (DOJ) and several regulators imposed multiple lawsuits a...
Cryptocoins News / Finance Magnates - 2 years ago
FTX's bankruptcy lawyers have sought court orders to recover $323 million paid to the leadership of FTX Europe, a subsidiary of the now-bankrupt cryptocurrency exchange. The amount is believed to be part of a larger sum of money allegedly misappropri...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrencies have not only transformed the financial world, but they have also had a big impact on a variety of industries, including sports, entertainment, and gaming. Sponsorships are one area where cryptocurrencies have had a significant impac...
Cryptocoins News / Finance Magnates - 2 years ago
The world of social trading has been evolving for more than a decade and is dominated by several major players. BitMEX, a major crypto derivatives exchange, wants to change this balance of power and has unveiled a novel approach to social trading nam...
Cryptocoins News / Finance Magnates - 2 years ago
Circle, the company behind the stablecoin USD Coin (USDC), has announced that it is reducing staff and cutting investments in non-core business activities. At the same time, the company is reportedly identifying new investment opportunities and hirin...
Cryptocoins News / Finance Magnates - 2 years ago
After Hong Kong introduced the new virtual asset service providers (VASPs) regime, many companies have decided to enter the local market in a bid to exploit its potential. OKX was one of them, introducing a version of the mobile app aimed at customer...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrencies have emerged as a disruptive force in the financial system, with an impact far beyond traditional banking and investment. Sponsorships and fan groups are two areas where cryptocurrencies are having a huge impact. Businesses are exper...
Cryptocoins News / Finance Magnates - 2 years ago
A US court has ordered Adam Todd to pay approximately $15.6 million for operating an unregistered crypto exchange, Digitex Futures. The amount includes $11.7 million in civil monetary penalty and $3.9 million as the return of illicit profit. Court S...
Cryptocoins News / Finance Magnates - 2 years ago
Blockchain technology has received a lot of attention in recent years, and its implications go beyond cryptocurrencies. Regulatory technology (Regtech) is one area where blockchain is reshaping the landscape. Regtech is the use of technology to simpl...
Cryptocoins News / Finance Magnates - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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 - 2 years 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...
