Cryptocoins News / Finance Magnates - 2 years ago
Regulatory and legal troubles that Binance faced in the United States (and globally) have led to a significant drop in the crypto market giant's share. Surprisingly, the main beneficiaries of this situation were not the exchange's main competitors, b...
Cryptocoins News / Finance Magnates - 2 years ago
The global online payments company, PayPal is planning to pause cryptocurrency sales for a minimum of three months starting October 1 for users in the UK. This unprecedented move is a response to the new regulations introduced by the UK’s watchdog...
Cryptocoins News / Finance Magnates - 2 years ago
Binance Connect, the fiat-to-cryptocurrency payments service launched by Binance in March last year, will cease operations tomorrow (Wednesday). A Binance spokesperson confirmed the development to Cointelegraph. Binance Connect Ends JourneyAccording...
Cryptocoins News / Finance Magnates - 2 years ago
The Las Vegas-based cryptocurrency custodian, Prime Trust has filed for Chapter 11 bankruptcy protection. This marks the latest setback for the financial technology company, which has faced a series of challenges over the past year, from regulatory i...
Cryptocoins News / Finance Magnates - 2 years ago
Binance has criticised the US Securities and Exchange Commission (SEC) for reportedly making “incredibly overbroad” and “unreasonable” demands for information over the past 45 days. The regulator’s discovery requests include demands that the Chief Ex...
Cryptocoins News / Finance Magnates - 2 years ago
The London-headquartered Jacobi Asset Management has introduced Europe's first spot Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam. The company obtained approval in 2021 but delayed the launch reportedly due to unpredictable circumstances i...
Cryptocoins News / Finance Magnates - 2 years ago
Pressure on cryptocurrency firms does not seem to decrease. Their condition is not helped by the prolonged consolidation of major assets or the tightening regulatory screws by governmental financial institutions in the USA and Europe. Problems are al...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase has launched a lobby group in a retaliatory move against what the US-based cryptocurrency exchange has for a long time described as an unclear regulatory framework for the industry. The group will reportedly shape the crypto regulatory lands...
Cryptocoins News / Finance Magnates - 2 years ago
Sam Bankman-Fried, the Founder of the collapsed cryptocurrency exchange FTX, is facing allegations of misusing customers' funds to make over USD $100 million in contributions to political campaigns leading up to the 2022 US midterm elections.Accord...
Cryptocoins News / Finance Magnates - 2 years ago
The Canadian-based Bitcoin mining firm, Hut 8 has released its financial results for the second quarter of 2023, revealing a decline in revenue and low mining output. The decline in performance was reportedly due to multiple factors, including suspen...
Cryptocoins News / Finance Magnates - 2 years ago
The UK’s financial watchdog continues to maintain strict supervision of the emerging crypto industry in the country. Since January 10, 2020, 291 crypto asset businesses in the country have applied for registration under the 5th Anti-Money Laundering...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange, Coinbase has expanded its services to Canada in partnership with Peoples Trust Company. According to the company’s statement released today (Monday), the collaboration allows more users to access digital assets in Cana...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto markets have been placid lately, with notoriously volatile key asset bitcoin notably lacking in volatility, as it reaches something of an impasse at just below 30K. Seasoned observers are hinting that such tightly constrained passivity usu...
Cryptocoins News / Finance Magnates - 2 years ago
Lewis Kaplan, the judge presiding over the case between the United States and Sam Bankman-Fried, has sent the Founder of the cryptocurrency exchange, FTX, to jail ahead of his criminal trial billed for October 2, 2023. The move follows a successful a...
Cryptocoins News / Finance Magnates - 2 years ago
Prime Trust, the beleaguered cryptocurrency custodian, might be on the brink of significant job cuts, CoinDesk revealed today (Friday), quoting ex-employees. Anonymous sources suggest that up to 75% of positions might be at risk, based on insider inf...
Cryptocoins News / Finance Magnates - 2 years ago
The bankrupt cryptocurrency exchange, Bittrex has agreed to pay the Securities and Exchange Commission (SEC) a fine of USD $24 million. The settlement is related to allegations that the cryptocurrency exchange offered unregistered securities to inves...
Cryptocoins News / Finance Magnates - 2 years ago
Digital Currency Group (DCG), the parent company of Genesis Capital Global, aims to counter the claims of fraud raised by the Winklevoss-owned Gemini Exchange. DCG has responded with a motion to dismiss the allegations, terming them as a continuation...
Cryptocoins News / Finance Magnates - 2 years ago
FTX's debtors have clashed with the Official Committee of Unsecured Creditors (UCC) over the control of the asset of the collapsed cryptocurrency exchange. The disagreement has been complicated by plans to relaunch the exchange's operations outside t...
Cryptocoins News / Finance Magnates - 2 years ago
A class action lawsuit involving Singapore state investor, Temasek and the collapsed American cryptocurrency exchange has gained momentum. Recently, additional plaintiffs have been added to the lawsuit, intensifying the scrutiny of the alleged violat...
Cryptocoins News / Finance Magnates - 2 years ago
After five years since its inception and attracting 10 million users from nearly 170 countries, the popular multi-chain non-custodial crypto wallet, BitKeep, has changed its name to Bitget Wallet. The decision comes in the wake of Bitget acquiring Bi...
Cryptocoins News / Finance Magnates - 2 years ago
New concepts develop continuously in a quickly expanding digital ecosystem, transforming industries and challenging existing rules. NFTs (Non-Fungible Tokens) have taken center stage among these developments, altering how we perceive ownership, creat...
Cryptocoins News / Finance Magnates - 2 years ago
Another popular crypto exchange has joined the ranks of the digital asset companies that were significantly impacted by the industry downturn in 2022. Bitstamp's financial report was released this week summarizing the past year in reflection of the p...
Cryptocoins News / Finance Magnates - 2 years ago
The Securities and Exchange Commission (SEC) is planning to move to court to challenge the ruling that granted Ripple Labs a partial win against the agency. The SEC has reportedly written to a judge in Manhattan to allow the federal court of appeal...
Cryptocoins News / Finance Magnates - 2 years ago
Even though the prolonged period of cryptocurrency winter is behind us, digital asset market companies still feel its adverse effects. The consolidation of Bitcoin (BTC) and other asset prices, low network activity, and increasing mining difficulty m...
Cryptocoins News / Finance Magnates - 2 years ago
Base, a layer 2 blockchain created by Coinbase, the biggest cryptocurrency exchange in the United States, went live for public access today (Wednesday).The move comes as the publicly traded company, which is one of the largest digital asset exchanges...
