Cryptocoins News / Finance Magnates - 7 months ago
The California Department of Financial Protection and Innovation (DFPI) has now permanently revoked the license of bankrupt crypto lender BlockFi, two years after initially suspending it.An Array of ViolationsAnnounced yesterday (Friday), the state r...
Cryptocoins News / Finance Magnates - 7 months ago
Caroline Ellison, the former CEO of Alameda Research and a key figure in the FTX fraud case, reported to a low-security federal prison in Connecticut to begin serving her two-year sentence. Ellison's cooperation with prosecutors led to the conviction...
Cryptocoins News / Finance Magnates - 7 months ago
Polish financial regulators issued a public alert regarding the activities of Foris DAX MT, a Malta-based company operating under the Crypto.com brand. The regulator cautioned investors about possible unauthorized financial services offered by the fi...
Cryptocoins News / Finance Magnates - 7 months ago
Cryptocurrency prices surged on Wednesday following Donald Trump’s victory in the just concluded US presidential election. Bitcoin jumped to a record high of $75,317, according to CoinMarketCap. This rally pushed over 11,000 new addresses into millio...
Cryptocoins News / Finance Magnates - 7 months ago
The US presidential election results are in, and Donald Trump scored a resounding victory, sweeping the electoral college and the popular vote. There are a huge number of takeaways from this emphatic resolution to a dramatic and unorthodox presidenti...
Cryptocoins News / Finance Magnates - 7 months ago
Hut 8 Corp., a Cryptocurrency Mining company and major energy operator in North America, announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade. The company has agreed to a price of $15.00 per terahash...
Cryptocoins News / Finance Magnates - 7 months ago
Binance added generative AI technology to its services in collaboration with Amazon Web Services (AWS). The exchange mentioned that this initiative aims to improve onboarding and customer support processes. According to the official announcement, Bin...
Cryptocoins News / Finance Magnates - 7 months ago
Robinhood has partnered with major cryptocurrency firms to launch the Global Dollar Network. This marks a significant expansion of the retail trading platform's digital asset strategy. The initiative, which includes industry heavyweights Kraken, Paxo...
Cryptocoins News / Finance Magnates - 7 months ago
Bybit has registered as a Virtual Asset Service Provider with the National Bank of Georgia. This registration aligns with Bybit's efforts to meet regulatory requirements and support the development of the digital economy in Georgia.In 2024, Bybit has...
Cryptocoins News / Finance Magnates - 7 months ago
A new crypto venture has emerged as former President Donald Trump's family launches World Liberty Financial, aiming to create a U.S.-dollar-backed stablecoin. This comprehensive guide explains their plans to enter the cryptocurrency market and compet...
Cryptocoins News / Finance Magnates - 7 months ago
Several leading U.S. publicly listed mining companies from Wall Street, including TeraWulf, Riot Platforms, CleanSpark, and MARA, posted production gains in October.Although for some, the BTC production results were the highest since the halving, the...
Cryptocoins News / Finance Magnates - 7 months ago
Russia took a significant step in legalizing cryptocurrency mining in the region. The new law has strict limitations, allowing only specific groups to undertake the activity.A new law signed by President Vladimir Putin now recognizes crypto mining as...
Cryptocoins News / Finance Magnates - 7 months ago
Kraken recently completed its latest Proof of Reserves, providing clients with a way to verify that their account balances are fully backed by on-chain assets.This verification process, performed by an independent third-party accounting firm, is base...
Cryptocoins News / Finance Magnates - 7 months ago
MARA Holdings (NASDAQ: MARA), the publicly listed Bitcoin miner from Wall Street, reported mining 717 BTC in October, marking its strongest monthly production since April's halving event. The crypto mining giant continues expanding its operations tow...
Cryptocoins News / Finance Magnates - 7 months ago
Kraken, which previously violated Australian financial market rules by offering fiat-based margin products, has revamped its services in the country by offering crypto-based derivatives products for local wholesale clients.Limited to Wholesale Client...
Cryptocoins News / Finance Magnates - 7 months ago
The US Presidential election is only a day away. Although current Vice President Kamala Harris started on the back foot in her race against former President Donald Trump, her odds on Polymarket have narrowed significantly recently.Harris Leads Polls,...
Cryptocoins News / Finance Magnates - 7 months ago
The US Securities and Exchange Commission (SEC) plans to sue Web 3 gaming firm Immutable. According to the company, the regulator issued a Wells Notice to the company, adding it to a growing list of crypto firms targeted in recent years. The Wells No...
Cryptocoins News / Finance Magnates - 7 months ago
Transak has obtained two licenses from Canada and the US to enhance its regulatory compliance. In the US, Transak USA LLC secured its second Money Transmitter License (MTL) from the State of Delaware, following its first MTL from the Alabama Securiti...
Cryptocoins News / Finance Magnates - 7 months ago
Paxos has expanded its stablecoin offerings with the launch of Global Dollar (USDG), a US dollar-backed stablecoin that aligns with Singapore’s upcoming stablecoin regulations. The company claims that this stablecoin is “designed to support the needs...
Cryptocoins News / Finance Magnates - 7 months ago
The Swiss-based digital asset banking group Sygnum has successfully converted its Yield Core crypto fund into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure, moving towards institutional-grade crypto investment offerings. The fund...
Cryptocoins News / Finance Magnates - 7 months ago
Riot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished.R...
Cryptocoins News / Finance Magnates - 7 months ago
The cooperation of Nishad Singh, the former chief engineer at the now-collapsed FTX, with the authorities was advantageous, as he was sentenced to time served along with three years of supervised release yesterday (Wednesday). He has also been ordere...
Cryptocoins News / Finance Magnates - 7 months ago
Coinbase (Nasdaq: COIN) missed Wall Street’s Q3 2024 revenue estimate of $1.26 billion, reporting $1.2 billion. Its earnings per share of $0.28 also fell short of analyst expectations of $0.45. The crypto exchange’s EBITDA of $449 million also missed...
Cryptocoins News / Finance Magnates - 7 months ago
Coinbase and Visa introduced real-time crypto deposits via Visa debit cards to offer instant access to digital currencies for US and EU customers. Instant Crypto TransfersThe collaboration between the two giant entities promises to improve how people...
Cryptocoins News / Finance Magnates - 7 months ago
Publicly listed Bitcoin (BTC) miners from Wall Street are grappling with escalating production costs, with the average expense to mine one token reaching $49,500 in the second quarter, highlighting the growing challenges in the cryptocurrency mining...
