Cryptocoins News / Finance Magnates - 5 months ago
2024 has been one of the most positively eventful ever in the history of crypto, with three key occurrences that are likely to be remembered as particularly significant. First, the launch of spot Bitcoin ETFs back in January, followed also by spot ET...
Cryptocoins News / Finance Magnates - 5 months ago
The cryptocurrency market is facing a tough week, with Dogecoin taking the brunt of the losses. Dropping 11% in just 24 hours, the meme-coin's sharp decline is part of a broader sell-off that has seen Bitcoin, Ethereum, and other major coins struggle...
Cryptocoins News / Finance Magnates - 5 months ago
Coinbase has issued a formal response to a lawsuit filed by BiT Global, a company tied to Justin Sun. The dispute arose after Coinbase announced it would delist wrapped Bitcoin (wBTC) from its platform on December 19. BiT Global alleges that the deli...
Cryptocoins News / Finance Magnates - 5 months ago
Ripple’s XRP dropped nearly 10% in the past day as the crypto market faced downward pressure. This downtrend, which has wiped 7% off the global market cap, followed a federal reserve rate cut and a significant outflow from Bitcoin-focused ETFs. The F...
Cryptocoins News / Finance Magnates - 5 months ago
Crypto.com has extended its partnership with Formula 1 through 2030, building on their 2021 collaboration to enhance mutual growth and value. This renewed deal comes as the cryptocurrency market remains volatile, with Bitcoin's price dipping below $1...
Cryptocoins News / Finance Magnates - 5 months ago
Influencer Hailey Welch is MIA, her coin is DOA, and investors are ready to throw punches—but not before Googling, “Hailey Welch dead?” If you’ve been anywhere near the internet lately, you’ve probably seen the name Hailey Welch trending for all the...
Cryptocoins News / Finance Magnates - 5 months ago
Binance.US announced plans to carry on US dollar services next year, according to a statement by the firm's interim CEO Norman Reed. The company was forced to halt direct US dollar withdrawals last year in a step that resulted from a series of regula...
Cryptocoins News / Finance Magnates - 5 months ago
El Salvador has agreed to make merchant acceptance of Bitcoin voluntary as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF). Meanwhile, Bitcoin made a bearish move yesterday (Wednesday), causing its price to drop to $1...
Cryptocoins News / Finance Magnates - 5 months ago
Hut 8, a prominent player in North America's Bitcoin mining sector, has boosted its Bitcoin reserves amid the current crypto bull market. A $100 million Bitcoin purchase has pushed the company's reserve to 10,096 coins, valued at over $1 billion as o...
Cryptocoins News / Finance Magnates - 5 months ago
The world's leading cryptocurrency, Bitcoin (BTC), experienced significant volatility following the Federal Reserve's (Fed’s) latest monetary policy announcement, briefly dipping below the psychological $100,000 mark before staging a recovery. The pr...
Cryptocoins News / Finance Magnates - 5 months ago
The cryptocurrency market is facing a short-term correction after a sustained bull run since early November. Among the altcoins, Binance's native token, BNB, has dropped 1.5% in the past day but is up 1.64%.This is despite the latest legal challenges...
Cryptocoins News / Finance Magnates - 5 months ago
Deutsche Bank is reportedly creating a layer-2 (L2) blockchain solution on Ethereum using ZKsync technology. The initiative aims to address compliance challenges in using public blockchains within regulated financial systems, according to Bloomberg.T...
Cryptocoins News / Finance Magnates - 5 months ago
The Securities and Futures Commission (SFC) has granted licenses to four virtual asset trading platforms (VATPs) under its expedited licensing process. The development follows the completion of risk-based on-site inspections for deemed-to-be-licensed...
Cryptocoins News / Finance Magnates - 5 months ago
BlackRock, the global asset management firm, has suggested that investors allocate up to 2% of their portfolios to Bitcoin. The recommendation was included in a report, which highlights Bitcoin's potential as a diversifying asset, given its historica...
Cryptocoins News / Finance Magnates - 5 months ago
A concerning trend has emerged among young UK investors who are making crucial financial decisions at an alarming speed, with two-thirds finalizing important investment choices in less than 24 hours.Moreover, according to the country’s market watchdo...
Cryptocoins News / Finance Magnates - 5 months ago
A concerning trend has emerged among young UK investors who are making crucial financial decisions at an alarming speed, with two-thirds finalizing important investment choices in less than 24 hours.Moreover, according to the country’s market watchdo...
Cryptocoins News / Finance Magnates - 5 months ago
Leading US publicly-listed Bitcoin (BTC) miners from Wall Street are strengthening their financial positions through significant capital raises as Bitcoin trades above $108,000. Industry heavyweights CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BI...
Cryptocoins News / Finance Magnates - 5 months ago
The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against Binance Australia Derivatives for allegedly misclassifying over 500 retail investors as wholesale clients, denying them crucial consumer protections.Bi...
Cryptocoins News / Finance Magnates - 5 months ago
French regulators banned unregistered crypto-asset ATMs operating within the country, targeting businesses that provide illegal digital asset services. The French Financial Markets Authority (AMF) collaborated with the Paris inter-regional jurisdicti...
Cryptocoins News / Finance Magnates - 5 months ago
After much anticipation, Ripple’s stablecoin, Ripple USD (RLUSD), is now live on global exchanges. The listing of the digital asset has caused a surge in the trading volume of the token native to the blockchain XRP.Data from CoinMarketCap shows that...
Cryptocoins News / Finance Magnates - 5 months ago
Binance has introduced Binance Alpha, a new feature within Binance Wallet, focusing on early-stage crypto projects in the Web3 ecosystem. The platform highlights tokens with growth potential and serves as a pre-listing token selection pool. Binance A...
Cryptocoins News / Finance Magnates - 5 months ago
The crypto industry surged significantly in 2024, delivering a high performance that could shape its future. Investors are now looking ahead to 2025 with predictions of Bitcoin hitting $210,000, Solana reaching $1,000, and institutional adoption tra...
Cryptocoins News / Finance Magnates - 6 months ago
The crypto mining sector witnessed significant economic improvements in December, with mining profitability reaching its highest levels in seven months. The hashprice, a key metric for daily profitability of the publicly listed Wall Street Bitcoin Mi...
Cryptocoins News / Finance Magnates - 6 months ago
Cryptocurrency exchange Bitget has secured a Bitcoin Service Provider (BSP) license from El Salvador's Central Reserve Bank, positioning itself for growth in Latin America's burgeoning crypto market. In response to this news, BGB, the platform’s nati...
Cryptocoins News / Finance Magnates - 6 months ago
Collapsed cryptocurrency exchange, FTX will start distributing funds to investors who incurred losses through partner crypto firms, including Kraken and BitGo.The company announced today (Monday) that its court-approved Plan of reorganization will be...
