Cryptocoins News / Finance Magnates - 2 years ago
The amount of money lost through hacks and exploits in the cryptocurrency sector surged the highest year-to-date to USD $303 million in July. The security platform focusing on blockchain technology, Certik, released an update about the losses today...
Cryptocoins News / Finance Magnates - 2 years ago
Upbit, a South Korean cryptocurrency exchange, has temporarily suspended deposits and withdrawals of CRV, the governance token of Curve Finance, a decentralized exchange for stablecoins. The move comes as hackers over the weekend exploited a ‘re-entr...
Cryptocoins News / Finance Magnates - 2 years ago
The metaverse has grown as an enthralling and immersive digital universe, providing limitless opportunities for producers, investors, and art enthusiasts alike. Non-Fungible Tokens (NFTs), a unique type of digital asset that has transformed the art i...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange, Kraken has reportedly solved an issue with its funding gateway for Ethereum, which caused a delay in deposits and withdrawals. The exchange indicated on its status page that all of its systems were operational without giv...
Cryptocoins News / Finance Magnates - 2 years ago
Nigeria’s Securities and Exchange Commission (SEC) reiterated its warning against Binance, the largest crypto exchange in terms of trading volume, highlighting that the platform has been “soliciting Nigerian public to trade crypto assets.” Binance Is...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase has revealed that the Securities and Exchange Commission (SEC) had asked it to stop trading in all cryptocurrencies except Bitcoin before suing the crypto exchange. Thus, Coinbase was forced to act by going to court to avert possible damage...
Cryptocoins News / Finance Magnates - 2 years ago
When dark clouds gather over Binance in the USA and Europe, the sun begins to shine for the exchange in the Middle East. Binance FZE, the Dubai subsidiary of the crypto exchange, has been awarded an Operational Minimum Viable Product (MVP) license fr...
Cryptocoins News / Finance Magnates - 2 years ago
Days after the UK’s data regulator disclosed plans to inquire about Worldcoin, France’s privacy watchdog today (Friday) confirmed that it is investigating the project. Worldcoin, a project created by Sam Altman, the CEO of OpenAI, requires users to s...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto.com has been licensed in the Netherlands to provide cryptocurrency services; the exchange said in a statement today (Friday). The license was awarded by the Dutch central bank (DNB) after the company met the legal requirements to prevent money...
Cryptocoins News / Finance Magnates - 2 years ago
Innovation is continually redefining the way we organize, host, and experience events in the ever-changing realm of event technology. Event tech continues to alter the business, bringing new opportunities for organizers and attendees alike, from virt...
Cryptocoins News / Finance Magnates - 2 years ago
FTX and Genesis Global Capital have reached an agreement to resolve a dispute between the debtors of the now-bankrupt cryptocurrency companies. The agreement was disclosed in a letter that was filed by their lawyers in the US bankruptcy court for t...
Cryptocoins News / Finance Magnates - 2 years ago
Web3 wallets have become a crucial tool in the new era of the Internet, where decentralization, blockchain, and cryptocurrencies are at the forefront of innovation. A Web3 wallet, also known as a crypto wallet, is a digital wallet that enables users...
Cryptocoins News / Finance Magnates - 2 years ago
Israel is now looking into decentralised autonomous organisations (DAOs) in its latest effort to bring the digital assets industry under its watch. DAOs are blockchain-based organisations that operate based on rules coded into smart contracts. Uniswa...
Cryptocoins News / Finance Magnates - 2 years ago
The interest in Bitcoin and Ether futures among institutional investors increased in the second quarter as investors seek out products that enable them to mitigate risks and the impact of high market volatility.According to a report from the Chicag...
Cryptocoins News / Finance Magnates - 2 years ago
The judge presiding over the criminal charges against Sam Bankman-Fried has restricted him from communicating publicly on Wednesday. The judge is considering jailing him for allegations of witness tampering before the trial over the collapse of FTX...
Cryptocoins News / Finance Magnates - 2 years ago
The embattled cryptocurrency exchange, Binance has reportedly withdrawn its application for a crypto license in Germany, signifying the tough regulations and legal challenges it is facing in expanding operations in Europe.Finance Magnates reported in...
Cryptocoins News / Finance Magnates - 2 years ago
Athletes are increasingly adopting bitcoin sponsorships as part of their endorsement deals in the world of sports. Famous athletes, ranging from high-profile footballers to Olympic competitors, are forming alliances with Bitcoin companies. This artic...
Cryptocoins News / Finance Magnates - 2 years ago
The UK’s law enforcement agency has advertised two positions for the role of blockchain investigator under the Complex Financial Crime Team (CFCT). This step is part of the National Crime Agency's (NCA) efforts to combat crimes related to cryptocurre...
Cryptocoins News / Finance Magnates - 2 years ago
London-based Archax announced today (Wednesday) the launch of its institution-focused cryptocurrency exchange, which will be operational around the clock. The exchange is focused on catering to the demand from professional and institutional clients....
Cryptocoins News / Finance Magnates - 2 years ago
In an ongoing effort to maintain transparency in the crypto sphere, OKX has published its ninth consecutive monthly Proof of Reserves (PoR). The latest PoR indicates a substantial balance of $11.3 billion, majorly in Bitcoin (BTC), Ethereum (ETH) and...
Cryptocoins News / Finance Magnates - 2 years ago
South Korea has launched a special investigations unit to combat the rising cases of criminal activities related to cryptocurrencies. The multi-agency unit will reportedly protect the interests of the investors as the country awaits proper regulati...
Cryptocoins News / Finance Magnates - 2 years ago
The Middle East is becoming an increasingly attractive location for a growing number of cryptocurrency exchanges. After Binance obtained authorization from the regulator in Abu Dhabi in November 2022, more companies have begun appearing in the loca...
Cryptocoins News / Finance Magnates - 2 years ago
Following the announcement of significant job cuts by Binance, KuCoin was expected to join the ranks of major cryptocurrency exchanges reducing their workforce. According to reports by Wu Blockchain yesterday (Tuesday), the company was preparing to l...
Cryptocoins News / Finance Magnates - 2 years ago
African countries are moving to the forefront to regulate crypto as the government of Namibia has become the latest administration to officially sign a law to regulate the Virtual Asset Service Providers operating in the country. The law was approved...
Cryptocoins News / Finance Magnates - 2 years ago
The UK’s data regulator is reportedly examining the biometric project created by OpenAI’s CEO, Sam Altman, where users provide the scans of their irises in exchange for free cryptocurrencies and digital identification. The project launched yesterday...
