Cryptocoins News / Finance Magnates - 4 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...
Cryptocoins News / Finance Magnates - 4 months ago
In 2024, Kyrgyzstan saw a significant drop in tax revenue from cryptocurrency mining, despite the global rise in crypto valuations. The country’s tax receipts from mining fell by 50% compared to 2023, according to Coinpedia Fintech News.The Ministry...
Cryptocoins News / Finance Magnates - 4 months ago
On January 3, 2009, Bitcoin was launched by its anonymous creator, Satoshi Nakamoto. The first block of the blockchain, known as the genesis block, was mined on that day, producing 50 BTC. Embedded within the block was a reference to contemporary fin...
Cryptocoins News / Finance Magnates - 4 months ago
Do Kwon, the co-founder of the bankrupt Terraform Labs, pleaded not guilty to fraud charges brought against him by US prosecutors for his role in the $40 billion TerraUSD stablecoin collapse, according to Bloomberg.Another High-Profile Crypto TrialKw...
Cryptocoins News / Finance Magnates - 4 months ago
Red Bull Racing is facing significant changes ahead of the 2025 Formula One season. One of the most notable developments is the end of its partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued at $150 million over three year...
Cryptocoins News / Finance Magnates - 4 months ago
Binance deepened its presence in Brazil after securing regulatory approval to acquire Sim;paul, a locally licensed broker-dealer. This step represents Binance's 21st global regulatory authorization amid a growing acceptance of cryptocurrency in Latin...
Cryptocoins News / Finance Magnates - 4 months ago
Crypto hacks and scams took a surprising downturn in December 2024, marking the lowest monthly losses of the year. After months of escalating attacks, which peaked in October, December's losses dropped to $29 million, according to a recent report by...
Cryptocoins News / Finance Magnates - 4 months ago
Publicly listed Wall Street Bitcoin (BTC) miner Bitfarms (NASDAQ: BITF) ended 2024 with increased mining hashrate and USD revenues, despite a 41% drop in production compared to the previous year.Bitfarms Doubles Hashrate, Signals Major U.S. Market Pu...
Cryptocoins News / Finance Magnates - 4 months ago
The cryptocurrency market kicks off 2025 with Dogecoin (DOGE) price maintaining strong momentum, trading at $0.34 as it solidifies its position as the seventh-largest cryptocurrency by market capitalization. With a market cap exceeding $50 billion an...
Cryptocoins News / Finance Magnates - 4 months ago
KuCoin has launched KuCoin Pay, a new merchant solution aimed at integrating cryptocurrency payments into the retail sector. The platform offers contactless, borderless transactions, bridging traditional retail and crypto. With over 37 million global...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, a cryptocurrency associated with Ripple, experienced a significant price drop below $2.00 last week. However, it has since shown signs of recovery, driven by a bullish reversal pattern at a key support level.According to CoinGecko, XRPUSD has ri...
Cryptocoins News / Finance Magnates - 4 months ago
XRP, a cryptocurrency associated with Ripple, experienced a significant price drop below $2.00 last week. However, it has since shown signs of recovery, driven by a bullish reversal pattern at a key support level.According to CoinGecko, XRPUSD has ri...
Cryptocoins News / Finance Magnates - 4 months ago
The authorities in China have introduced new rules requiring banks to flag risky transactions, including those involving cryptocurrencies. This makes it more difficult to buy and sell Bitcoin and other cryptocurrencies using the yuan.“Risky” Crypto T...
Cryptocoins News / Finance Magnates - 4 months ago
FalconX, a cryptocurrency prime brokerage firm, is in advanced talks to acquire Arbelos Markets, a crypto derivatives startup launched in 2023 by two industry veterans, Joshua Lim and Shiliang Tang, Bloomberg reported today (Wednesday).A Cash and Sto...
Cryptocoins News / Finance Magnates - 4 months ago
A new proposal, seeking to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet, was officially registered in Switzerland’s Federal Gazette on 31 December 2024.Accumulating the SignaturesGiw Zanganeh, Tether’s V...
Cryptocoins News / Finance Magnates - 4 months ago
It is New Year’s Eve, and XRP is flashing mixed signals despite its strong performance in 2024. The payment-focused cryptocurrency currently trades at $2.12, representing a price surge of 5% despite weekly losses of 8%, according to CoinMarketCap dat...
Cryptocoins News / Finance Magnates - 4 months ago
Montenegro extradited Terraform Labs Co-Founder Do Kwon to the United States today (Tuesday), according to the country's interior ministry. Kwon, a South Korean national, was the CEO of Terraform Labs, the company behind TerraUSD, a stablecoin that c...
