Cryptocoins News / Finance Magnates - 1 year ago
In a significant move reflecting efforts to adhere to international financial sanctions, Binance has dropped Banco de Venezuela from its peer-to-peer (P2P) trading services. This action comes in the wake of similar steps taken against sanctioned Russ...
Cryptocoins News / Finance Magnates - 1 year ago
Another publicly traded cryptocurrency miner has published a financial report for Q2 2022, reflecting complex market conditions and mixed results in the face of low Bitcoin (BTC) prices and increasing mining difficulty. On one hand, Canaan Inc. (NASD...
Cryptocoins News / Finance Magnates - 1 year ago
Digital Currency Group (DCG) has entered into an in-principle agreement with the creditors of its cryptocurrency lending subsidiary, Genesis. This agreement could reportedly pave the way for substantial recoveries, ranging from 70% to 90% in USD equi...
Cryptocoins News / Finance Magnates - 1 year ago
The recent Argo Blockchain financial report presents a mixed bag, with the company making strides in reducing operational costs and debt but facing a decline in revenue and net loss. The publicly-listed firm’s results for the first half of 2023 show...
Cryptocoins News / Finance Magnates - 1 year ago
Binance is reevaluating its crypto business in Russia and even considering an exit from the market as the exchange is facing fresh allegations of allowing Russians to take out their money using sanctioned banks, the Wall Street Journal reported. "All...
Cryptocoins News / Finance Magnates - 1 year ago
Sam Bankman-Fried, the Founder of the insolvent cryptocurrency exchange, FTX, is finally challenging the decision of Judge Lewis Kaplan to jail him ahead of his trial scheduled to start on October 3rd, according to Reuters. Earlier this month, Judge...
Cryptocoins News / Finance Magnates - 1 year ago
The US Securities and Exchange Commission (SEC) has taken its first enforcement action targeting the non-fungible token (NFT) industry. Today (Monday), the securities regulator announced that it has accused Impact Theory, a Los Angeles-based media an...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, the world’s largest cryptocurrency exchange by trading volume, has opted to migrate its users in Belgium to its Polish subsidiary rather than quit the Western European country. In late June, the Belgian financial markets watchdog ordered the...
Cryptocoins News / Finance Magnates - 1 year ago
Amidst a dynamic landscape in the South Korean crypto asset landscape, exchanges are bracing for change, with the Korea Federation of Banks issuing real-name account operation guidelines that demand a minimum reserve of 3 billion Korean won (USD $2.3...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency market has once again witnessed a sudden success and an even faster downfall, with Friend.tech being the leading player. Within two weeks, it became one of the highest-earning services in the decentralized finance sector while simu...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, the largest cryptocurrency exchange in terms of trading volume, stopped offering its Russian clients the option to pay through five sanctioned banks on its peer-to-peer (P2P) crypto trading platform, the Wall Street Journal reported. Binance...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency and non-fungible token (NFT) heists have flourished, leaving investors grappling with losses that have surpassed a staggering USD $26 billion to date. While existing trackers focus on crypto and NFT heists, a new frontier has emerg...
Cryptocoins News / Finance Magnates - 1 year ago
The US Department of Treasury alongside the Internal Revenue Service (IRS) today (Friday) announced new proposed rules for 'brokers' such as crypto trading platforms, crypto payment processors and digital asset wallet providers. The agency noted that...
Cryptocoins News / Finance Magnates - 1 year ago
The US Department of Treasury alongside the Internal Revenue Service (IRS) today (Friday) announced new proposed rules for 'brokers' such as crypto trading platforms, crypto payment processors and digital asset wallet providers. The agency noted that...
Cryptocoins News / Finance Magnates - 1 year ago
Customer data from the bankrupt crypto exchange, FTX, and insolvent digital asset lenders BlockFi and Genesis, were exposed earlier this month, Kroll, the vendor responsible for overseeing creditor claims for the insolvent businesses, confirmed today...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency landscape has captured the imagination of individuals and institutions all around the world, with its promise of decentralized finance and safe transactions. However, recent hacking instances have raised concerns about the security...
Cryptocoins News / Finance Magnates - 1 year ago
Binance, the largest cryptocurrency exchange in the world by trading volume, in the past week has been reaching out to digital asset projects on its platform with smaller market capitalization and low-liquidity tokens. According to The Block, which f...
Cryptocoins News / Finance Magnates - 1 year ago
In a significant move affecting the world of cryptocurrency and traditional finance, MasterCard and Binance have decided to end their partnership on crypto card programs in several countries. This decision reflects the challenges Binance is facing...
Cryptocoins News / Finance Magnates - 1 year ago
Lawyers defending Sam Bankman-Fried have been granted permission to conduct “unlimited” prison visits to the embattled Founder of bankrupt crypto exchange, FTX, who was jailed earlier this month, according to a court order seen by CoinDesk. The court...
Cryptocoins News / Finance Magnates - 1 year ago
Lawyers defending Sam Bankman-Fried have been granted permission to conduct 'unlimited' prison visits to the embattled Founder of bankrupt crypto exchange, FTX who was jailed earlier this month, according to a court order seen by CoinDesk. The court...
Cryptocoins News / Finance Magnates - 1 year ago
In recent years, the cryptocurrency environment has undergone extraordinary change, with one of the most significant transitions being the increased interest and participation of institutional players in the Bitcoin market. Bitcoin, long regarded as...
Cryptocoins News / Finance Magnates - 1 year ago
The financial environment is experiencing a technological revolution, with blockchain technology at the vanguard of this transition. While blockchain was primarily identified with cryptocurrencies, its promise stretches far beyond digital money. A no...
Cryptocoins News / Finance Magnates - 1 year ago
Five companies lost $2.8 billion due to a sudden drop in Bitcoin (BTC) and the broader cryptocurrency market last Thursday. According to data from AltIndex, the total market capitalization of publicly listed cryptocurrency miners fell 30% within a mo...
Cryptocoins News / Finance Magnates - 1 year ago
The embattled cryptocurrency exchange, Binance is discontinuing its crypto-backed debit card services in Latin America and the Middle East. While the exchange did not explicitly state the reasons for this move, it can be tied to the growing challen...
Cryptocoins News / Finance Magnates - 1 year ago
The bankrupt cryptocurrency exchange, FTX has turned to Galaxy, owned by Mike Novogratz, for guidance and expertise on how to optimize the value of its substantial crypto holdings. FTX is planning to delve into crypto staking, hedging, and the sale o...
