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...
Cryptocoins News / Finance Magnates - 1 year ago
NFL quarterback Trevor Lawrence, along with popular YouTube influencers Kevin Paffrath and Tom Nash, have reached a settlement in a lawsuit related to their endorsements of the now-defunct FTX cryptocurrency exchange. High-Profile Figures Face Simila...
Cryptocoins News / Finance Magnates - 1 year ago
Binance P2P, a peer-to-peer trading platform, has introduced five new automated payment methods, for cryptocurrency buyers and sellers across 15 fiat markets. With these automated payment options, users can instantly receive their purchased assets, s...
Cryptocoins News / Finance Magnates - 1 year ago
Binance.US, the American offshoot of the global cryptocurrency exchange Binance, is struggling with a series of unprecedented challenges that might have led to a significant decline in trading activity. On September 16, 2023, the trading volume on Bi...
Cryptocoins News / Finance Magnates - 1 year ago
Hong Kong police has arrested a social media influencer, Joseph Lam Chok this morning (Monday) for his involvement with the cryptocurrency trading platform, JPEX, which is facing allegations of fraud, according to the South China Morning Post. JPEX S...
Cryptocoins News / Finance Magnates - 1 year ago
The ongoing discussion over Bitcoin's energy use has captivated the world's attention. Concerns about the flagship cryptocurrency's environmental impact have grown as it has grown in popularity and value. Bitcoin's energy-intensive mining process, cr...
Cryptocoins News / Finance Magnates - 1 year ago
In the volatile realm of bitcoin, success is frequently characterized by factors other than technological innovation. While revolutionary blockchain solutions receive a lot of attention, the economic design of any cryptocurrency project is what makes...
Cryptocoins News / Finance Magnates - 1 year ago
Traditional financial institutions have warily embraced the realm of cryptocurrencies, causing a seismic shift in the financial world. Previously viewed with skepticism, if not outright hostility, digital assets like as Bitcoin, Ethereum, and others...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Bybit has quashed reports suggesting its intention to exit the United Kingdom ahead of the nation's new financial regulations set to take effect on October 8, 2023. Earlier this week, various media outlets circulated clai...
Cryptocoins News / Finance Magnates - 1 year ago
In a significant development within the cryptocurrency sector, Roni Cohen-Pavon, the former Chief Revenue Officer (CRO) of Celsius, has entered a guilty plea in the United States District Court for the Southern District of New York. The plea comes in...
Cryptocoins News / Finance Magnates - 1 year ago
Binance.US, the cryptocurrency exchange, witnesses the departure of two more high-ranking executives. The Head of Legal, Krishna Juvvadi, and the Chief Risk Officer, Sidney Majalya, have decided to part ways with the exchange.This latest shake-up com...
Cryptocoins News / Finance Magnates - 1 year ago
In a dramatic turn of events, Genesis, the now-bankrupt crypto lender, has brought its entire crypto trading venture to an abrupt halt. The decision to cease all trading operations, including its international spot and derivatives trading services, h...
Cryptocoins News / Finance Magnates - 1 year ago
Changpeng 'CZ' Zhao, the CEO of Binance, has identified a significant challenge in expanding cryptocurrency adoption: the lack of accessible fiat ramps. CZ made this observation during his appearance at Token2049, a cryptocurrency event held in Singa...
Cryptocoins News / Finance Magnates - 1 year ago
FTX had emerged as a significant participant, providing novel trading solutions as well as a variety of digital assets. However, the unpredictable nature of the cryptocurrency market raises the possibility of difficulties, such as disagreements betwe...
Cryptocoins News / Finance Magnates - 1 year ago
Singapore’s financial market regulator has banned the two founders of the collapsed crypto-focused hedge fund, Three Arrows Capital (3AC), from operating in the city-state’s financial services industry.3AC Executives Banned in SingaporeAccording to t...
Cryptocoins News / Finance Magnates - 1 year ago
The exciting environment of cryptocurrency offers profitable opportunities, but it also hides hidden hazards. Among these threats, the frightening tendency of "rug pulls" has emerged, causing crypto investors to lose faith. In this in-depth post, we...
Cryptocoins News / Finance Magnates - 1 year ago
The Securities and Exchange Commission (SEC) has announced that Stoner Cats 2 LLC (SC2) is facing charges for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The tokens were sold to raise fund...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency exchange, Binance has announced the appointment of Rachel Conlan as its Chief Marketing Officer (CMO). This decision comes amid a series of executive appointments and management changes at the company. Rachel Conlan, formerly the V...
Cryptocoins News / Finance Magnates - 1 year ago
In a significant development, the U.S. Bankruptcy Court for the District of Delaware has granted the crypto exchange, FTX permission to sell, invest, and hedge its crypto holdings, valued at over $3.4 billion, to settle outstanding debt. This ruling...
