Cryptocoins News / Finance Magnates - 2 years ago
The US-based cryptocurrency exchange, Coinbase reduced its net loss to USD $97 million in the second quarter from USD $1.1 billion in the same period of last year. However, the company's net revenue declined 17% year-over-year to USD $663 million d...
Cryptocoins News / Finance Magnates - 2 years ago
The Bank of Russia yesterday (Thursday) revealed further details on its central bank digital currency (CBDC), including the symbol of the digital ruble and the commission structure. Fees on Digital Ruble Transactions The central bank will not charge...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase plans to file a petition seeking the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). The cryptocurrency exchange is planning to argue in court that it did not list the securities on its platform and that the S...
Cryptocoins News / Finance Magnates - 2 years ago
Kenya’s interior and information ministries in a joint statement addressed to the country’s National Assembly said the data controller registration certificate issued to Worldcoin on April 18, 2023, is not a valid license for the project to operate i...
Cryptocoins News / Finance Magnates - 2 years ago
A New York resident accused of being behind the 2016 hack that led to a loss of Bitcoins worth USD $4.5 billion on Bitfinex pleaded guilty today (Thursday). Ilya Lichtenstein also pleaded guilty to laundering the stolen Bitcoins in a federal court in...
Cryptocoins News / Finance Magnates - 2 years ago
A New York resident accused of being behind the 2016 hack that led to a loss of Bitcoins worth USD $4.5 billion on Bitfinex pleaded guilty today (Thursday). Ilya Lichtenstein also pleaded guilty to laundering the stolen Bitcoins in a federal court in...
Cryptocoins News / Finance Magnates - 2 years ago
The total volumes generated from spot and derivatives trading activities on centralized exchanges (CEXs) slumped by 12% to $2.36 trillion in July, hitting the lowest monthly trading volume recorded this year, so far. The figures are based on the late...
Cryptocoins News / Finance Magnates - 2 years ago
FTX wants its subsidiary based in Dubai excluded from its ongoing bankruptcy proceedings in the US. According to a court document filed today (Thursday), the bankrupt cryptocurrency exchange argued that this step would allow for a timely distribution...
Cryptocoins News / Finance Magnates - 2 years ago
Once incredibly popular in the contract for difference (CFD) market, copy trading solutions are now also captivating the hearts of cryptocurrency users. Copy and social trading are increasingly employed by investors in the digital asset landscape, as...
Cryptocoins News / Finance Magnates - 2 years ago
More than two months ago, Hong Kong legalized cryptocurrencies, again offering retail traders access to the digital assets market. Until now, however, none of the companies have obtained all the necessary permits to actually conduct retail operations...
Cryptocoins News / Finance Magnates - 2 years ago
The worlds of sports, entertainment, and online media have seen a significant shift in sponsorship habits, with cryptocurrencies emerging as potential game changers. The growth of cryptocurrencies, as well as their increasing public recognition, has...
Cryptocoins News / Finance Magnates - 2 years ago
US prosecutors are mulling over whether to initiate criminal charges against Binance, thereby turning the heat on 13 civil charges filed by the securities watchdog against the top crypto exchange earlier in June, Semafor reported today (Wednesday), c...
Cryptocoins News / Finance Magnates - 2 years ago
Brad Garlinghouse, the Chief Executive Officer of Ripple Labs, a payment protocol and exchange network, has slammed the US Securities and Exchange Commission for allegedly using the company’s quarterly reports about its native cryptocurrency, XRP, in...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase plans to integrate Bitcoin's Lightning Network to facilitate faster cryptocurrency payments. According to a comment by the exchange's CEO Brian Armstrong, Coinbase supports the efforts to facilitate payments on Bitcoin through the Lightning...
Cryptocoins News / Finance Magnates - 2 years ago
The crypto sector has grown rapidly and attracted substantial attention from mainstream audiences. As the sector evolves, brands and businesses are seeing the potential of crypto sponsorships to have a significant societal impact. These sponsorships...
Cryptocoins News / Finance Magnates - 2 years ago
Binance’s users in China traded more than USD $90 billion in a single month despite cryptocurrency trading being illegal in the country, the Wall Street Journal reported yesterday (Tuesday), citing the exchange's internal documents and former emplo...
Cryptocoins News / Finance Magnates - 2 years ago
Binance's founder and CEO, Changpeng Zhao, has considered shuttering the US affiliate of the crypto exchange earlier this year to protect the broader global operations, according to a report by The Information. However, Zhao's decision was blocked by...
Cryptocoins News / Finance Magnates - 2 years ago
While buzz grows around the Middle East and Hong Kong as emerging crypto hubs, do not overlook Europe. Specifically, France is making waves as a potential digital asset safe haven. Hex Trust just secured a license to offer digital asset custody and t...
Cryptocoins News / Finance Magnates - 2 years ago
The shares of companies in the cryptocurrency and blockchain technology sector dropped on Tuesday after the recent crypto exploit involving Curve Finance caused the price of Bitcoin to drop to a six-week low. The shares of the publicly listed crypt...
Cryptocoins News / Finance Magnates - 2 years ago
The latest financial report from CoinShares International Limited, a major European alternative asset manager specializing in digital assets, highlights the company's impressive performance in the second quarter of 2023. According to the report publi...
Cryptocoins News / Finance Magnates - 2 years ago
The World Federation of Exchanges (WFE) has asked the International Organization of Securities Commissions (IOSCO) to address the conflict of interest created by centralized finance (CeFi) firms such as crypto exchanges that engage in multiple busine...
Cryptocoins News / Finance Magnates - 2 years ago
Another popular company from the finance world has decided to build its presence in the United Arab Emirates (UAE), which is increasingly becoming a hub for cryptocurrency. Laser Digital Middle East FZE, a digital asset subsidiary of Nomura operating...
Cryptocoins News / Finance Magnates - 2 years ago
Binance Japan is planning to initially list 34 tokens, the most offerings among its rivals in Japan, after reopening its services in the country this month. The cryptocurrency exchange is also planning to offer its native token, BNB, for the first...
Cryptocoins News / Finance Magnates - 2 years ago
FTX filed a series of court documents yesterday (Monday) with the claims of the debtors and also proposed a plan for one class of claimants to relaunch the offshore cryptocurrency exchange operations with third-party investors. Claimants of FTX The c...
Cryptocoins News / Finance Magnates - 2 years ago
In its latest crackdown on crypto exchanges in the United States, the Securities and Exchange Commission (SEC) has charged Hex’s Founder, Richard Heart, also known as Richard Schueler, with raising over $1 billion through ‘unregistered offerings of c...
