Cryptocoins News / Finance Magnates - 1 year ago
The United Kingdom government has published today (Monday) an updated version of its plans to regulate the fiat-backed stablecoins, revealing the approach of the Financial Conduct Authority (FCA) and Bank of England.Upcoming Legislation on Stablecoin...
Cryptocoins News / Finance Magnates - 1 year ago
In a legal battle that has been simmering since last year, the cryptocurrency exchange Gemini has taken its dispute with digital asset lender Genesis to court over the rightful ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares. Gemin...
Cryptocoins News / Finance Magnates - 1 year ago
Thailand’s Kasikorn Bank (K-Bank) expanded its presence in the digital asset space with its latest acquisition of 97 percent stakes in the parent company of local crypto exchange Satang, Coindesk reported. The deal has been inked at a valuation of 3....
Cryptocoins News / Finance Magnates - 1 year ago
Despite being based on an internet meme, Dogecoin was the third-largest crypto in the portfolio of inventors, according to the exclusive data from TipRanks shared with Finance Magnates. Bitcoin topped the list, followed by Ethereum, the second-larges...
Cryptocoins News / Finance Magnates - 1 year ago
Zodia Custody is making its mark in Hong Kong as it extends its crypto security services to financial institutions in the region. Founded in 2020, the UK-based crypto arm of Standard Chartered aims to meet the institutional demand for crypto asset st...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried (SBF) faced the jury yesterday (Friday) and acknowledged the widespread fallout when the cryptocurrency exchange FTX, which he co-founded, crumbled. BBC reported that the 31-year-old entrepreneur, accused of deceiving investors and...
Cryptocoins News / Finance Magnates - 1 year ago
Bitfinex is under scrutiny by the regulators in the UK. The Financial Conduct Authority (FCA) raised concerns about the cryptocurrency exchange today (Friday), warning investors of potential risks associated with it. The regulator stated that Bitfine...
Cryptocoins News / Finance Magnates - 1 year ago
Kraken has appointed Bivu Das as the Managing Director for the UK. He brings nearly two decades of experience in commercial enterprise and fintech strategy development to his new role. His appointment happens when the cryptocurrency exchange is expan...
Cryptocoins News / Finance Magnates - 1 year ago
BSO, an infrastructure and connectivity provider, has partnered with CryptoStruct, a market data and trading solution provider for algo traders, to develop its cryptocurrency trading solution. Ultra-Low Latency Cloud Connectivity SolutionBSO's ultra-...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency market has always been a source of interest and speculation, with Bitcoin serving as its flagship asset. Following a spectacular bull market in 2017, followed by a prolonged bear market, Bitcoin enthusiasts and investors are contin...
Cryptocoins News / Finance Magnates - 1 year ago
Taiwan has taken its initial steps towards the regulation of digital assets by presenting a crypto bill to the Legislative Yuan for its first reading. The proposed legislation, known as the Virtual Asset Management Ordinance Draft bill, aims to defin...
Cryptocoins News / Finance Magnates - 1 year ago
The Bloomberg Billionaires Index has revised its revenue estimate for the cryptocurrency exchange Binance, reducing it 38% as data showed a decline in trading volumes this year. This revision has had a significant impact on the wealth of Binance's Fo...
Cryptocoins News / Finance Magnates - 1 year ago
Standard Chartered-backed Zodia Markets, a digital asset exchange and brokerage platform, has been registered as a virtual asset service provider (VASP) with the Central Bank of Ireland, thus further aligning its services with regulatory requirement...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried (SBF), the former billionaire Founder of FTX, took the stand in his ongoing fraud trial. However, his testimony was delivered outside the jury's presence, as the presiding judge sought to determine the admissibility of certain porti...
Cryptocoins News / Finance Magnates - 1 year ago
A group of debtors managing the cold storage wallets of the collapsed crypto exchange FTX has transferred more than $19 million worth of assorted tokens to various crypto exchange addresses.The on-chain analytics firm Peckshield, as quoted by Coindes...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency community has been buzzing over the idea of a Bitcoin exchange-traded fund (ETF) from BlackRock, one of the world's largest asset management businesses. An ETF would provide investors with a more convenient and regulated way to obt...
Cryptocoins News / Finance Magnates - 1 year ago
Bitfinex Securities has announced its first-ever tokenized bond set to debut in November. This bond, denominated in Tether and offering a coupon rate of 10% over a period of 36 months, aims to enhance the process of raising capital. Dubbed ALT2611, t...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried (SBF), the indicted Founder of the cryptocurrency exchange FTX, will testify in his defense. This move, announced by his attorney during a recent conference call, paves the way for a potentially intense cross-examination by federal...
Cryptocoins News / Finance Magnates - 1 year ago
Ripple, a blockchain and crypto solutions provider, has embarked on a new partnership with Uphold, the global Web3 financial platform. This collaboration aims to empower Ripple with enhanced crypto liquidity capabilities, bolstering its cross-border...
Cryptocoins News / Finance Magnates - 1 year ago
When it comes to Bitcoin and crypto, the narratives around them move in waves, particularly as we’re dealing with such young technologies. Bitcoin was launched in 2009, and has surged in price towards blow-off tops, and subsequent crashes, multiple t...
Cryptocoins News / Finance Magnates - 1 year ago
Zero Hash, a crypto infrastructure platform, has unveiled its collaboration with Shift4, an integrated payments and commerce technology platform. This partnership aims to empower web3 merchants by building a fiat-to-crypto on-ramp using Zero Hash's f...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency business, known for its rapid growth and ground-breaking developments, has piqued the interest of investors, traders, and enthusiasts all over the world. Nonetheless, there are substantial hurdles that must be navigated carefully i...
Cryptocoins News / Finance Magnates - 1 year ago
The UK's Financial Conduct Authority (FCA) has shed light on common issues plaguing crypto asset promotions. Since the implementation of new regulations on 8 October, the FCA has been actively monitoring firms and has identified several areas of conc...
Cryptocoins News / Finance Magnates - 1 year ago
Binance has been revealed as the force behind the newly established cryptocurrency trading platform in Hong Kong, HKVAEX. Sources familiar with the matter have disclosed that Binance orchestrated the creation of HKVAEX and its intent to apply for a l...
Cryptocoins News / Finance Magnates - 1 year ago
Although it seemed that the crypto exchange FTX would not recover after its high-profile collapse in November 2022, its operator is now considering proposals from three bidders to restart its operations. The company had filed for bankruptcy amid alle...
