Cryptocoins News / Finance Magnates - 1 year ago
PayPal's on-chain stablecoin, PYUSD, designed to serve as a secure digital representation of the US dollar, is now accessible via Venmo. This strategic move comes just over six weeks after the launch of PYUSD, and it aims to make digital transactions...
Cryptocoins News / Finance Magnates - 1 year ago
For creditors of the now-defunct Mt. Gox cryptocurrency exchange, Nobuaki Kobayashi, the trustee overseeing the exchange's bankruptcy proceedings, has announced a one-year extension to the deadline for repayment.Deadline Extended: Creditors to Wait U...
Cryptocoins News / Finance Magnates - 1 year ago
The Australian Securities and Investments Commission (ASIC) has initiated civil penalty proceedings against Bit Trade Pty Ltd, which operates the Kraken crypto exchange in Australia, for violating the design and distribution obligations for the margi...
Cryptocoins News / Finance Magnates - 1 year ago
Stanford University will return millions of dollars it received from FTX and its affiliated entities. This move comes amidst a lawsuit filed by the advisors of FTX, who seek to recover funds owed to customers of the bankrupt crypto exchange. FTX alle...
Cryptocoins News / Finance Magnates - 1 year ago
Since its creation in 2011, Litecoin (LTC) has remained a notable digital asset in the fast-paced world of cryptocurrencies. Its historical significance as a crypto pioneer cannot be overstated. However, in today's ever-changing crypto market, where...
Cryptocoins News / Finance Magnates - 1 year ago
Decentralized Autonomous Organizations, or DAOs, have emerged as a game-changing notion in the ever-changing landscape of blockchain technology. In this article, we will define DAOs, delve into their basic concepts, and explain their essential charac...
Cryptocoins News / Finance Magnates - 1 year ago
The U.S. Securities and Exchange Commission (SEC) is showing no signs of slowing down in its efforts to enforce securities laws within the cryptocurrency space, according to David Hirsch, the head of the agency's Crypto Assets and Cyber Unit.Complian...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency landscape has been constantly evolving, with nations around the world taking various stances on its integration. Which country is, however, the most 'ready' for full adoption of digital assets? According to the latest report by For...
Cryptocoins News / Finance Magnates - 1 year ago
Rashawn Russell, a former investment banker at Deutsche Bank and registered broker, has pleaded guilty to multiple counts of fraud in a US federal court. He was involved in a cryptocurrency investment scheme through his R3 Crypto Fund and a separate...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase is intensifying its grassroots advocacy campaign to promote legislation that offers regulatory clarity to the cryptocurrency industry. Coinbase's Commitment to Crypto AdvocacyIn July, a congressional committee advanced a crypto bill aimed at...
Cryptocoins News / Finance Magnates - 1 year ago
Fiat withdrawals for some Binance users in the European Union have been blocked ahead of the end of support by the crypto exchange's local payment provider, Paysafe, Coindesk reported.Paysafe Ends Support to Some Binance Users in the EUPaysafe, a pay...
Cryptocoins News / Finance Magnates - 1 year ago
Changpeng "CZ" Zhao, the CEO and Co-Founder of Binance has refuted claims that Binance.US utilized custody software provided by its international counterpart, Binance Holdings Ltd (BHL), which was later rebranded as Ceffu. This denial has put CZ at o...
Cryptocoins News / Finance Magnates - 1 year ago
Nomura's digital assets subsidiary, Laser Digital, has launched the Bitcoin Adoption Fund to promote the adoption of the cryptocurrency. This fund is designed exclusively for institutional investors and offers them a gateway into the world of Bitcoin...
Cryptocoins News / Finance Magnates - 1 year ago
Multinational firms have stepped up to the plate when it comes to corporate social responsibility, with Binance, a renowned cryptocurrency exchange, being one such example. Their participation to the Moroccan rescue effort demonstrates the expanding...
Cryptocoins News / Finance Magnates - 1 year ago
Cryptocurrency aficionados and investors have been keenly following the moves of Bitcoin, the digital currency market's pioneer and bellwether. Bitcoin is displaying symptoms of a potential bull run after seeing unprecedented price rises and subseque...
Cryptocoins News / Finance Magnates - 1 year ago
Mark Scott, the lawyer convicted of laundering $400 million from the infamous OneCoin fraud, has been denied a motion for a new trial despite revelations of false testimony during his 2019 trial. United States District Judge Edgardo Ramos made the de...
Cryptocoins News / Finance Magnates - 1 year ago
After just three months of easing cryptocurrency regulations in Hong Kong, authorities are already discussing tightening them again. In the wake of alleged fraud at JPEX, an unlicensed cryptocurrency exchange in the Chinese special administrative reg...
Cryptocoins News / Finance Magnates - 1 year ago
Malta’s Financial Services Authority (MFSA) has moved towards aligning the island’s existing cryptocurrency regulations with Europe’s Markets in Crypto-Assets (MiCA) regulations, which will come into effect in December 2024. The MFSA has launched a p...
Cryptocoins News / Finance Magnates - 1 year ago
The bankruptcy estate of FTX has sued Joseph Bankman and Barbara Fried, parents of the collapsed crypto exchange's Founder and former CEO, Sam Bankman-Fried, to recover "millions of dollars in fraudulently transferred and misappropriated funds," Coin...
Cryptocoins News / Finance Magnates - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle against Binance.US, urging a court in D.C. to allow inspection into the exchange's asset custody services. This move comes as the SEC doubles down on its allegations tha...
Cryptocoins News / Finance Magnates - 1 year ago
The European Union Agency for Law Enforcement Cooperation (Europol), has cautioned against escalating criminal activities in the Decentralized Finance (DeFi) sector. In a report dubbed the "European Financial and Economic Crime Threat Assessment 2023...
Cryptocoins News / Finance Magnates - 1 year ago
Central Bank Digital Currencies (CBDCs) have sparked considerable attention in the financial sector. These digital versions of traditional fiat currencies, backed by central banks, are altering the financial landscape. As we approach a significant fi...
Cryptocoins News / Finance Magnates - 1 year ago
Hut 8, the Canadian Bitcoin mining firm, has received final clearance from the Supreme Court of British Columbia to proceed with its planned merger with US Bitcoin (USBTC), according to a report by Cointegraph. This merger, initially announced in Feb...
Cryptocoins News / Finance Magnates - 1 year ago
South Korean financial regulators are intensifying their scrutiny of over-the-counter (OTC) cryptocurrency trades due to rising anxieties about their potential use in criminal activities. Reports indicate that regulatory authorities in the country ar...
Cryptocoins News / Finance Magnates - 1 year ago
The intersection between Non-Fungible Tokens (NFTs) with the worlds of advertising technology (adtech) and digital art is changing how we view and interact with digital material. NFTs have grown in popularity, capturing the attention of artists, adve...
