Cryptocoins News / Finance Magnates - 1 year ago
A court in Turkey has sentenced Faruk Fatih Özer, the Founder of the collapsed Turkish crypto exchange, Thodex, his sister, Serap Özer, and his brother, Güven Özer to 11,196 years, 10 months and 15 days in prison, according to Coindesk. Further, they...
Cryptocoins News / Finance Magnates - 1 year ago
In the cryptocurrency world where quick profits are tempting, scams like the XIRTAM rug pull have left investors vulnerable. However, Binance, a leading crypto exchange in terms of trading volume, is taking steps to enhance user security and transpar...
Cryptocoins News / Finance Magnates - 1 year ago
BME Clearing, the Spanish central counterparty, has obtained regulatory approval to clear Bitcoin and Ethereum futures denominated in USD within the EU regulatory framework. This move introduces a new segment for digital asset derivatives, enhancing...
Cryptocoins News / Finance Magnates - 1 year ago
More than 40% of cryptocurrency users have expressed skepticism about cryptocurrencies due to concerns about their volatility and financial risks, according to a survey by Coincover. Cryptocurrencies have faced various challenges and controversies ov...
Cryptocoins News / Finance Magnates - 1 year ago
More than 40% of cryptocurrency users have expressed skepticism about cryptocurrencies due to concerns about their volatility and financial risks, according to a survey by Coincover. Cryptocurrencies have faced various challenges and controversies ov...
Cryptocoins News / Finance Magnates - 1 year ago
The Commodity Futures Trading Commission (CFTC) has taken enforcement action against three decentralized finance (DeFi) protocols, Opyn, ZeroEx, and Deridex, by filing and settling charges. California-based Opyn and ZeroEx were fined $250,000 and $20...
Cryptocoins News / Finance Magnates - 1 year ago
In a landmark ruling, the Commodities Futures Trading Commission (CFTC) has secured a staggering amount in restitution of USD $1.7 billion from Mirror Trading International. The South African company was allegedly involved in a massive Forex fraud sc...
Cryptocoins News / Finance Magnates - 1 year ago
Ryan Salame, a Former Executive at FTX, prepares to plead guilty to his related involvement in the collapse of the cryptocurrency exchange. This turn of events comes after the extended negotiations with the prosecutors. The executive is scheduled to...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency mining company, Core Scientific has released its production and operations update for August, highlighting 206,000 owned and co-located Bitcoin miners. The company managed to produce 965 self-mined Bitcoins and an estimated 403 Bit...
Cryptocoins News / Finance Magnates - 1 year ago
August turned out to be an unfavorable month not only for the prices of major cryptocurrencies but also for the performance of the largest exchanges. According to data collected by Finance Magnates Intelligence, the top ten platforms in terms of spo...
Cryptocoins News / Finance Magnates - 1 year ago
Two popular companies in the exchange-traded funds (ETFs) sector, VanEck and ARK Invest, demonstrate that the old adage 'when one door closes, another opens' may hold true in the cryptocurrency market. After unsuccessfully attempting to create a spot...
Cryptocoins News / Finance Magnates - 1 year ago
A decline of 9% in Bitcoin's (BTC) price in August has negatively impacted the production results reported by publicly listed cryptocurrency miners. This is confirmed by Riot Platforms, which produced 333 BTC last month, which is 19% less than in Jul...
Cryptocoins News / Finance Magnates - 1 year ago
The assets of the former CEO of Celsius, Alex Mashinsky have been frozen by the court as he faces mounting legal battles related to the collapse of the crypto lending platform. This development follows his arrest in July and subsequent release on a U...
Cryptocoins News / Finance Magnates - 1 year ago
Few assets garner as much attention and scrutiny as Bitcoin in the ever-changing cryptocurrency world. The previous month has demonstrated the intrinsic volatility of this digital money, leaving both investors and analysts befuddled by its volatile p...
Cryptocoins News / Finance Magnates - 1 year ago
Coinbase (Nasdaq: COIN) has recently introduced a new crypto lending service in the United States, primarily targeting institutional clients. This development comes as a response to the challenges faced by other companies like Genesis and BlockFi,...
Cryptocoins News / Finance Magnates - 1 year ago
If fire is fought with fire, can snow be fought with snow? This is the conclusion that the cryptocurrency exchange, Bitget has come to. In response to the ongoing, months-long ‘crypto winter’, Bitget has prepared a new investment product called Snowb...
Cryptocoins News / Finance Magnates - 1 year ago
Grayscale Investments is urging the U.S. Securities and Exchange Commission (SEC) to promptly approve its proposed exchange-traded fund (ETF) that would track bitcoin. This call for approval follows a recent legal victory for Grayscale against the SE...
Cryptocoins News / Finance Magnates - 1 year ago
The decline in Bitcoin (BTC) prices in August and record-high temperatures in many parts of the world have led publicly traded cryptocurrency miners to consider the past month unsuccessful. One such company is Marathon Digital Holdings (NASDAQ: MARA)...
Cryptocoins News / Finance Magnates - 1 year ago
Genesis Global Trading, a subsidiary of Genesis Global, is set to close its US-focused spot crypto trading operations by the end of this month. This decision, communicated to clients via email, comes against the backdrop of Genesis Global's recent tu...
Cryptocoins News / Finance Magnates - 1 year ago
The cryptocurrency market is no stranger to wild swings, and the latest excitement surrounding Bitcoin has emphasized the unpredictable character of the digital asset field once again. Traders and investors have been watching the news cycle closely s...
Cryptocoins News / Finance Magnates - 1 year ago
KEB Hana Bank, one of South Korea's largest banks, is teaming up with BitGo Trust Company, a contributor in the cryptocurrency custody business. The goal of this partnership is to provide digital asset custody services in South Korea. Digital asset c...
Cryptocoins News / Finance Magnates - 1 year ago
The narrative of transitioning from fiat to crypto is old news. But, something has changed during the last couple of years. Once envisioned as a grassroots revolution led by libertarian crusaders, it's becoming increasingly apparent that the primary...
Cryptocoins News / Finance Magnates - 1 year ago
Online scammers are becoming increasingly sophisticated, using official government websites from various countries to deceive cryptocurrency users. For this purpose, they are once again exploiting MetaMask, a popular Ethereum-based crypto wallet,...
Cryptocoins News / Finance Magnates - 1 year ago
FTX emerged as a key player in the ever-changing environment of cryptocurrencies and blockchain technology, offering new trading solutions and a platform for enthusiasts and investors to engage in digital asset trading. However, FTX has had its ups a...
Cryptocoins News / Finance Magnates - 1 year ago
The crypto gambling site, Stake.com has become the latest victim of cyber criminals. Around $41 million in cryptocurrencies were siphoned off from the platform in transactions labeled as 'suspicious outflows'.Stake.com Hacked Stake confirmed unauthor...
