Cryptocoins News / Finance Magnates - 1 year ago
The Bitcoin market left behind a very long crypto winter in 2023, allowing companies in the industry to continue their dynamic development. Among them was Bitget, the crypto exchange that celebrated its fifth anniversary and expanded significantly ac...
Cryptocoins News / Finance Magnates - 1 year ago
Taiwan's Financial Supervisory Commission (FSC) has issued a directive, instructing banks to deny virtual asset providers (VASPs) the status of merchants for credit card transactions. This move signals Taiwan's cautious approach to cryptocurrencies,...
Cryptocoins News / Finance Magnates - 1 year ago
Exactly fifteen years ago, an anonymous figure named Satoshi Nakamoto mined the Bitcoin genesis block, containing the first 50 BTC ever created. The anonymous mastermind behind the cryptocurrency, could not have anticipated the experiment’s evolution...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange OKX has announced it is working to comply with new crypto asset regulations in the United Kingdom that go into effect in a few days, on 8 January 2024. From that date, new local regulations will be enacted regarding the ma...
Cryptocoins News / Finance Magnates - 1 year ago
To enhance cryptocurrency services, eToro, the global trading and investment platform, has announced a partnership with Tangany, a Munich-based fintech specializing in crypto custody solutions. The collaboration aims to provide secure and transparent...
Cryptocoins News / Finance Magnates - 1 year ago
The crypto gambling platform Stake.com has ramped up its marketing efforts by securing the naming rights of Sauber’s Formula One car for the next two years. The sports sponsorship kicked off in 2024 ahead of the launch of the new racing season on 5 F...
Cryptocoins News / Finance Magnates - 1 year ago
US crypto companies have made last-minute changes to their spot Bitcoin exchange-traded fund (ETF) applications and are now anticipating a green light from the Securities and Exchange Commission (SEC). At least eight applicants had amended their fili...
Cryptocoins News / Finance Magnates - 1 year ago
Only a few hours before the new year started, cybercriminals exploited Orbit Bridge, a bridging service of the cross-chain protocol Orbit Chain, resulting in the theft of about $82 million worth of cryptocurrencies. Orbit Chain officially confirmed t...
Cryptocoins News / Finance Magnates - 1 year ago
CatalX CTX Ltd., the company behind the Canadian crypto exchange Catalyx, has taken the unprecedented step of suspending all trading, deposits, and withdrawals in the wake of a security breach. The breach has reportedly resulted in the loss of some c...
Cryptocoins News / Finance Magnates - 1 year ago
South Korean lawmakers have conducted crypto transactions totaling over 125.6 billion won ($97.6 million) over the past three years, according to the data revealed by the country's Anti-Corruption and Civil Rights Commission today (Friday). Inspectio...
Cryptocoins News / Finance Magnates - 1 year ago
The Indian government has issued show cause notice to nine popular offshore virtual digital assets service providers under the local anti-money laundering laws. The announcement yesterday (Thursday) further detailed that the Financial Intelligence Un...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange Binance witnessed significant growth in its user base in 2023, according to its recently released year-end report. The company added over 40 million registered users this year, representing an increase of 30% compared to 2...
Cryptocoins News / Finance Magnates - 1 year ago
The creditors of the collapsed crypto exchange Mt. Gox woke up to a surprise as some had received the settlement proceeds twice. Now, the trustee is sending emails to such creditors asking for a refund for the excess amount.Mt. Gox Creditors Receive...
Cryptocoins News / Finance Magnates - 1 year ago
In a recent panel discussion hosted at the Finance Magnates London Summit (FMLS:23), prominent figures in the digital asset industry shared crucial insights into the evolving landscape of crypto regulation. The panel, moderated by Erwin Voloder, the...
Cryptocoins News / Finance Magnates - 1 year ago
Japan’s Monex Group is diving further into digital currencies as it has agreed to acquire a majority stake in 3iQ Digital Holdings, a Canadian crypto asset management company. However, the announcement today (Thursday) did not elaborate on the acquis...
Cryptocoins News / Finance Magnates - 1 year ago
The troubled crypto exchange Bitzlato has suspended withdrawals and technical support to its customers, calling it a “temporary measure.” The suspension occurred weeks after the co-founder and former CEO of the exchange, Anatoly Legkodymov, pled guil...
Cryptocoins News / Finance Magnates - 1 year ago
In a recent report released by security app De.Fi, researchers revealed that cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023. Although this represented a significant reduction from the previous year, it underscores...
Cryptocoins News / Finance Magnates - 1 year ago
While crypto has always been scrutinized for potentially driving illicit transactions, the limelight has been intensified recently, especially on leading exchanges with accusations of being used by criminal and terrorist groups. Binance’s recent hist...
Cryptocoins News / Finance Magnates - 1 year ago
The authorities in Hong Kong are exploring regulating stablecoins, as the latest consultation paper proposed the regulation of fiat-referenced stablecoins (FRS). If the proposed rules are implemented, stablecoin issuers in Hong Kong must obtain a loc...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrencies are still in use in China as the authorities in the country have cracked down on a $2.2 billion underground banking operation that used crypto trading platforms to circumvent the local forex rules, local media reported.A Massive Unde...
Cryptocoins News / Finance Magnates - 1 year ago
After a wait of ten long years, the creditors of the now-defunct crypto exchange Mt. Gox are receiving compensation. Several Mt. Gox creditors have taken to social media to confirm receiving payments for their blocked Bitcoin deposits in fiats.Commen...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has set a deadline of 29 December 2023 for the spot Bitcoin exchange-traded funds (ETF) applicants to finalize the filings. According to Reuters, the agency met the representatives of at least seven compan...
Cryptocoins News / Finance Magnates - 1 year ago
Followers of the crypto industry with an interest in the UK may recall positive messages emanating from the British authorities throughout 2023. According to Prime Minister Rishi Sunak, speaking at a London launch event for the heavily crypto-investe...
Cryptocoins News / Finance Magnates - 1 year ago
The authorities in Bulgaria have closed the investigation against crypto lending platform Nexo, citing a lack of evidence to support the allegations. As confirmed yesterday (Friday) by the Bulgarian News Agency, the Prosecutor's Office highlighted th...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has been reluctant on approving a spot Bitcoin exchange-traded fund (ETF), but according to Dr Zvi Gabbay, a partner and the head of the Capital Markets Department at the Barnea & Co. law firm, giants...
