Cryptocoins News / Finance Magnates - 3 months ago
The cryptocurrency over-the-counter (OTC) market experienced unprecedented growth in 2024, with trading volumes more than doubling amid strong institutional adoption and favorable market conditions. Total OTC trading volume surged 106% year-over-year...
Cryptocoins News / Finance Magnates - 3 months ago
XRP, the cryptocurrency supporting the Ripple blockchain, might experience bearish momentum as funding rates have turned negative on multiple derivatives exchanges today (Friday). Although the rates shifted into the positive region on many exchanges,...
Cryptocoins News / Finance Magnates - 3 months ago
Kraken has announced a new initiative for clients receiving funds from FTX on its platform. These clients will be eligible for fee credits, allowing them to trade up to $50,000 in cryptocurrency without incurring trading fees.Kraken Partners to Distr...
Cryptocoins News / Finance Magnates - 3 months ago
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with President-elect Donald Trump on January 6. Garlinghouse shared details of the dinner on social media, describing it as a “great dinner” and a “strong...
Cryptocoins News / Finance Magnates - 3 months ago
Standard Chartered has obtained regulatory approval in Luxembourg to provide digital asset custody services, establishing a foothold in the European Union as the region implements its Markets in Crypto Assets (MiCA) regulation. Standard Chartered Win...
Cryptocoins News / Finance Magnates - 3 months ago
Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with...
Cryptocoins News / Finance Magnates - 3 months ago
The bankrupt cryptocurrency exchange FTX clarified today (Thursday) that Backpack's “purported” acquisition of its Cyprus division had not been approved by the court, nor had Backpack been authorized to distribute funds to FTX customers.Further, the...
Cryptocoins News / Finance Magnates - 3 months ago
Bitcoin's dramatic two-day plunge has rattled the crypto market, erasing nearly all of its early 2025 gains and sparking a fresh wave of investor anxiety. Amid fears of rising inflation, surging bond yields, and potential US tariff policies under the...
Cryptocoins News / Finance Magnates - 3 months ago
Revolut has partnered with Pyth Network to contribute its price data to the decentralized finance (DeFi) ecosystem. This collaboration allows Revolut to serve as a data publisher for Pyth, providing trusted price information to market participants.Re...
Cryptocoins News / Finance Magnates - 3 months ago
Dogecoin's rise faces a harsh reality as the memecoin dropped nearly 10% within a day, reaching as low as $0.3411 today (Wednesday). The decline comes as the broader cryptocurrency market faces a bear market, with Bitcoin currently trading at $95k fr...
Cryptocoins News / Finance Magnates - 3 months ago
You've certainly heard that Bitcoin (BTC) miners require a lot of energy to operate, but they also give off a lot of heat. Wall Street crypto miner Canaan (NASDAQ: CAN) decided to take advantage of this by introducing a combination of miners with… ho...
Cryptocoins News / Finance Magnates - 3 months ago
Nearly two years after securing a Digital Asset Service Providers (DASP) license in El Salvador, Bitfinex has moved its derivatives business to the crypto-friendly Central American country, the crypto derivatives giant announced today (Wednesday). Pr...
Cryptocoins News / Finance Magnates - 3 months ago
Ripple, a blockchain service provider associated with the XRP Ledger, announced its partnership with data provider Chainlink. The collaboration aims to integrate Ripple's RLUSD stablecoin with decentralized finance (DeFi) applications.“By enabling se...
Cryptocoins News / Finance Magnates - 3 months ago
Cryptocurrency exchange Gemini, owned by the Winklevoss twins, has agreed to a $5 million settlement to end a lawsuit with the Commodity Futures Trading Commission (CFTC). The case, which alleged Gemini misled regulators to launch a Bitcoin futures c...
Cryptocoins News / Finance Magnates - 3 months ago
Bitcoin’s recent surge past the $100,000 mark is no small feat, considering 18 months ago many pundits thought the industry was dying or would fade into obscurity. Despite Bitcoin hitting $108,000 in December before falling to under $95,000, one need...
Cryptocoins News / Finance Magnates - 3 months ago
Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Mi...
Cryptocoins News / Finance Magnates - 3 months ago
Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack currently ranks only 200th in CoinMa...
Cryptocoins News / Finance Magnates - 4 months ago
The past year has been a testament to crypto's resilience, with markets adjusting to regulatory crackdowns and the economic impact of interest rate hikes. Despite these challenges, the asset class has emerged more robust, gaining substantial ground i...
Cryptocoins News / Finance Magnates - 4 months ago
Ethereum's price action is capturing the attention of investors. As the year 2025 begins, Ethereum has witnessed a remarkable surge in stablecoin inflows. This comes as Ethereum co-founder Vitalik Buterin advocates for defense strategies against AI r...
Cryptocoins News / Finance Magnates - 4 months ago
In 2025, every bank in Japan is set to adopt Ripple’s XRP Ledger, signaling a major shift in financial technology. Announced by SBI CEO Yoshitaka Kitao, the integration with the Interledger Protocol (ILP) aims to streamline cross-border payments and...
Cryptocoins News / Finance Magnates - 4 months ago
Last year, the global network of Bitcoin ATMs expanded significantly, with 2,217 new machines installed, a 6.02% year-over-year increase, bringing the total to 38,768 by January 1, 2025. This is according to research by Finbold, which also showed tha...
Cryptocoins News / Finance Magnates - 4 months ago
The start of 2025 brings the crypto industry to a critical juncture. The United States, under the second Trump administration, is expected to make a pivot on its crypto policy. And across the Atlantic, the European Regulation on Markets in Crypto Ass...
Cryptocoins News / Finance Magnates - 4 months ago
In December 2024, MARA Holdings surpassed its hash rate target after reporting a solid month of Bitcoin production, marking a significant milestone in its mining operations. The company posted an impressive 168% growth in its annual hash rate. In De...
Cryptocoins News / Finance Magnates - 4 months ago
XRP has started the new year on a positive note, now ranking third on market capitalization. The cross-border payment-focused cryptocurrency has now overtaken Tether's USDT to become the third-largest cryptocurrency with a market cap of more than $14...
Cryptocoins News / Finance Magnates - 4 months ago
Bitcoin's incredible rally in 2024 paused as institutional investors reduced their positions. BlackRock's iShares Bitcoin Trust ETF (IBIT), a spot Bitcoin fund, reported its biggest single-day outflow since its launch, with $333 million withdrawn yes...
