Cryptocoins News / Finance Magnates - 1 year ago
The Financial Conduct Authority (FCA) has set out clear expectations for cryptocurrency businesses operating in the UK, outlining the necessary steps they must take to comply with the significant change in the legislation for money laundering prevent...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX, has agreed to settle its claims dispute with equally bankrupt digital asset lender, Genesis, by accepting a payment of $175 million to Alameda Research, its affiliated insolvent crypto hedge fund. Earlier in...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange and Web 3 technology company, OKX has partnered with CoinRoutes, a provider of algorithmic trading strategies and execution management, to enhance crypto trading services for institutional clients.Through the partnership...
Cryptocoins News / Finance Magnates - 1 year ago
The Federal judge presiding over the civil case between the Securities and Exchange Commission (SEC) and Binance's entities has decided to refer the matter to the magistrate court. The legal matter is part of the recent development where Binance.US,...
Cryptocoins News / Finance Magnates - 1 year ago
Crypto has come a long way over the past decade, and if you had to define where in its history we are right now, one possible answer would be that we’ve entered a validation phase. By which, what’s meant is that major names from traditional finance a...
Cryptocoins News / Finance Magnates - 1 year ago
The Tennessee-headquartered asset management firm, Valkyrie Investments has filed for an Ethereum Strategy exchange-traded fund (ETF). This move followed the recent resurgence of the cryptocurrency sector and the growing interest from established a...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency custody company, BitGo has defied all odds to raise a substantial $100 million in a funding round, attaining a valuation of USD $1.75 billion. The funding arrived at a time the cryptocurrency sector has been marked by uncertainty...
Cryptocoins News / Finance Magnates - 1 year ago
Following regulatory issues in the US and a lawsuit in June which suggested illegal activities within the country, the clouds over Coinbase seem to be clearing. Today (Wednesday), the platform announced that it has been granted regulatory approval fr...
Cryptocoins News / Finance Magnates - 1 year ago
The financial industry is increasingly adopting the Digital Token Identifier (DTI) ISO standard 24165, which is a unique identifier for the digital asset market. The SIX Digital Exchange (SDX) has just become the first private distributed ledger tech...
Cryptocoins News / Finance Magnates - 1 year ago
Regulatory and legal troubles that Binance faced in the United States (and globally) have led to a significant drop in the crypto market giant's share. Surprisingly, the main beneficiaries of this situation were not the exchange's main competitors, b...
Cryptocoins News / Finance Magnates - 1 year ago
The global online payments company, PayPal is planning to pause cryptocurrency sales for a minimum of three months starting October 1 for users in the UK. This unprecedented move is a response to the new regulations introduced by the UK’s watchdog...
Cryptocoins News / Finance Magnates - 1 year ago
Binance Connect, the fiat-to-cryptocurrency payments service launched by Binance in March last year, will cease operations tomorrow (Wednesday). A Binance spokesperson confirmed the development to Cointelegraph. Binance Connect Ends JourneyAccording...
Cryptocoins News / Finance Magnates - 1 year ago
The Las Vegas-based cryptocurrency custodian, Prime Trust has filed for Chapter 11 bankruptcy protection. This marks the latest setback for the financial technology company, which has faced a series of challenges over the past year, from regulatory i...
Cryptocoins News / Finance Magnates - 1 year ago
Binance has criticised the US Securities and Exchange Commission (SEC) for reportedly making “incredibly overbroad” and “unreasonable” demands for information over the past 45 days. The regulator’s discovery requests include demands that the Chief Ex...
Cryptocoins News / Finance Magnates - 1 year ago
The London-headquartered Jacobi Asset Management has introduced Europe's first spot Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam. The company obtained approval in 2021 but delayed the launch reportedly due to unpredictable circumstances i...
Cryptocoins News / Finance Magnates - 1 year ago
Pressure on cryptocurrency firms does not seem to decrease. Their condition is not helped by the prolonged consolidation of major assets or the tightening regulatory screws by governmental financial institutions in the USA and Europe. Problems are al...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase has launched a lobby group in a retaliatory move against what the US-based cryptocurrency exchange has for a long time described as an unclear regulatory framework for the industry. The group will reportedly shape the crypto regulatory lands...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried, the Founder of the collapsed cryptocurrency exchange FTX, is facing allegations of misusing customers' funds to make over USD $100 million in contributions to political campaigns leading up to the 2022 US midterm elections.Accord...
Cryptocoins News / Finance Magnates - 1 year ago
The Canadian-based Bitcoin mining firm, Hut 8 has released its financial results for the second quarter of 2023, revealing a decline in revenue and low mining output. The decline in performance was reportedly due to multiple factors, including suspen...
Cryptocoins News / Finance Magnates - 1 year ago
The UK’s financial watchdog continues to maintain strict supervision of the emerging crypto industry in the country. Since January 10, 2020, 291 crypto asset businesses in the country have applied for registration under the 5th Anti-Money Laundering...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Coinbase has expanded its services to Canada in partnership with Peoples Trust Company. According to the company’s statement released today (Monday), the collaboration allows more users to access digital assets in Cana...
Cryptocoins News / Finance Magnates - 1 year ago
The crypto markets have been placid lately, with notoriously volatile key asset bitcoin notably lacking in volatility, as it reaches something of an impasse at just below 30K. Seasoned observers are hinting that such tightly constrained passivity usu...
Cryptocoins News / Finance Magnates - 1 year ago
Lewis Kaplan, the judge presiding over the case between the United States and Sam Bankman-Fried, has sent the Founder of the cryptocurrency exchange, FTX, to jail ahead of his criminal trial billed for October 2, 2023. The move follows a successful a...
Cryptocoins News / Finance Magnates - 1 year ago
Prime Trust, the beleaguered cryptocurrency custodian, might be on the brink of significant job cuts, CoinDesk revealed today (Friday), quoting ex-employees. Anonymous sources suggest that up to 75% of positions might be at risk, based on insider inf...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, Bittrex has agreed to pay the Securities and Exchange Commission (SEC) a fine of USD $24 million. The settlement is related to allegations that the cryptocurrency exchange offered unregistered securities to inves...
