Cryptocoins News / Finance Magnates - 2 years ago
In New York last week, the trial began of a former OpenSea employee who was indicted for wire fraud and money laundering in what is being seen as the first case of insider trading related to NFTs. He has been convicted of wire fraud and money launder...
Cryptocoins News / Finance Magnates - 2 years ago
Binance is looking to be regulated in the United Kingdom due to the regulatory challenges in the United States, the crypto exchange's Chief Strategy Officer, Patrick Hillmann revealed during the Financial Times' Crypto and Digital Assets Summit. US R...
Cryptocoins News / Finance Magnates - 2 years ago
Tether, the largest issuer of stablecoins, closed the first quarter of 2023 with a net profit of $1.48 billion, which doubled from the $700 million it had generated in the previous quarter. The company confirmed that its token circulation also jumped...
Cryptocoins News / Finance Magnates - 2 years ago
The US Department of Treasury and Internal Revenue Service (IRS) have filed 45 claims, totalling about $44 million, against bankrupt crypto exchange FTX and other affiliates. US Tax Claims against FTX The bankruptcy filings on April 27 and 28 show th...
Cryptocoins News / Finance Magnates - 2 years ago
The recent crackdown on cryptocurrency mining in China has shocked the world market and caused huge disruptions in the world of digital currencies. China is one of the biggest centers for cryptocurrency mining, thus its actions have broad repercussio...
Cryptocoins News / Finance Magnates - 2 years ago
Supply chain management is only one of the industries where blockchain technology has become a game-changer. Blockchain is a great tool for improving supply chain efficiency and maintaining traceability because of its decentralized and transparent na...
Cryptocoins News / Finance Magnates - 2 years ago
Due to its alleged negative effects on the environment, cryptocurrency mining has become a hotly debated topic. As interest in digital currencies grows, worries about the energy use and environmental impact of mining have risen to the fore. We will g...
Cryptocoins News / Finance Magnates - 2 years ago
Social media has permeated every aspect of our lives, yet worries about censorship, data ownership, and privacy have led to the emergence of decentralized social media platforms. These platforms, which give users control over their data and promote a...
Cryptocoins News / Finance Magnates - 2 years ago
Ishan Wahi, a former Product Manager at Coinbase, has been sentenced to two years imprisonment in a case US prosecutors called the country's first-ever cryptocurrency insider trading case. Thirty-two-year-old Ishan Wahi from Washington received the j...
Cryptocoins News / Finance Magnates - 2 years ago
In addition to upending established banking structures, cryptocurrency has transformed philanthropic giving and philanthropy. The use of digital currencies for charitable purposes has increased as they become more widely accepted. This article examin...
Cryptocoins News / Finance Magnates - 2 years ago
Blockchain technology has become a disruptive force in a number of industries, and the healthcare sector is no different. Blockchain technology has the potential to transform healthcare by bringing safe, decentralized platforms that will enhance pati...
Cryptocoins News / Finance Magnates - 2 years ago
Decentralized Finance, or DeFi, is a revolutionary idea that has grown incredibly popular in recent years. DeFi offers an alternative financial ecosystem that subverts centralized systems and is built on blockchain technology. This article examines t...
Cryptocoins News / Finance Magnates - 2 years ago
2023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around the world. Retail investors are becoming more interested in this new asset class as digital currencies be...
Cryptocoins News / Finance Magnates - 2 years ago
Cryptocurrency exchange Bittrex filed for Chapter 11 bankruptcy protection in the US state of Delaware less than a month after its exit from the country. The bankruptcy only affects its US operation and not the global exchange. The End of Bittrex US...
Cryptocoins News / Finance Magnates - 2 years ago
Paxful, a peer-to-peer (P2P) Bitcoin (BTC) trading platform, has returned online one month after suspending activities in its marketplace as a result of key staff exits and regulatory challenges. The firm announced its reopening in a blog post.Paxfu...
Cryptocoins News / Finance Magnates - 2 years ago
Enforcement of last year’s amendment to Estonia’s anti-money laundering (AML) and countering the financial of terrorism (CFT) regulation has resulted in a dramatic drop in the number of licensed cryptocurrency service providers. As of May 1, 2023, th...
Cryptocoins News / Finance Magnates - 2 years ago
The CEO of Tesla and SpaceX, Elon Musk, has emerged as a key figure in the cryptocurrency industry, with his tweets having a big effect on the market. The market has experienced tremendous volatility as a result of Musk's comments on several cryptocu...
Cryptocoins News / Finance Magnates - 2 years ago
South Korean prosecutors made an effort to probe a main opposition party lawmaker, Rep. Kim Nam-kuk of the Democratic Party, over some crypto transactions he allegedly made last year. However, they faced a stumbling block when the Seoul Southern Dist...
Cryptocoins News / Finance Magnates - 2 years ago
The real estate sector is not an exception to how cryptocurrencies are impacting other businesses. The use of cryptocurrencies, particularly Bitcoin, has grown in the real estate industry in recent years. This article will examine how cryptocurrencie...
Cryptocoins News / Finance Magnates - 2 years ago
Crypto, perhaps rebranded as the more respectable-sounding web3, steers ever closer toward mainstream integration. Is it given that Certain tenets that have always been central to the crypto space may start to be edged out as they are incompatible wi...
Cryptocoins News / Finance Magnates - 2 years ago
The environmental effects of cryptocurrency mining have become a prominent topic in recent years because of numerous scientists' and activists' concerns. There are worries about the carbon footprint of cryptocurrency mining because it uses a lot of e...
Cryptocoins News / Finance Magnates - 2 years ago
In recent months, Non-Fungible Tokens (NFTs) have swept the globe, especially in the art world. NFTs offer a means of confirming the ownership and validity of digital art, possibly upending the established art market. The rise of NFTs and their poten...
Cryptocoins News / Finance Magnates - 2 years ago
The UK’s top financial market regulator, the Financial Conduct Authority (FCA), continues its crackdown on cryptocurrency ATMs as it recently took action against such sites in Exeter, Nottingham, and Sheffield. FCA against Crypto ATMs According to th...
Cryptocoins News / Finance Magnates - 2 years ago
Israeli authorities have confiscated 189 cryptocurrency accounts on Binance for their links to Palestinian and Islamist terror groups since 2021, Reuters reported. However, the amount of cryptocurrencies held by those accounts is not known. Terror-Li...
Cryptocoins News / Finance Magnates - 2 years ago
Coinbase (Nasdaq: COIN) closed the first quarter of 2023 with total revenue of $773 million, which is higher than market expectations of $655 million. Additionally, the figure jumped from the previous quarter's $629 million. A Strong Quarter for Coin...
