Cryptocoins News / Finance Magnates - 8 months ago
The battle between US regulators and crypto companies has intensified, with nearly $32 billion collected in settlements since 2019, according to a report by CoinGecko. The most significant regulatory action to date has been against the now-defunct cr...
Cryptocoins News / Finance Magnates - 8 months ago
MultiBank Group, a global financial institution based in Dubai, has announced the launch of its subsidiary, MEX Digital FZE, in the UAE. MEX Digital has secured a license from the Virtual Assets Regulatory Authority (VARA) in Dubai to operate under t...
Cryptocoins News / Finance Magnates - 8 months ago
A Nigerian court has denied a bail application for Tigran Gambaryan, an executive at Binance Holdings Ltd, citing his trial on money laundering and currency manipulation allegations. The court ruled today (Friday) that Gambaryan's health condition di...
Cryptocoins News / Finance Magnates - 8 months ago
Crypto exchange OKX has launched its trading platform for retail and institutional investors in the United Arab Emirates. This follows the company’s acquisition of a full operating license from the UAE's Virtual Assets Regulatory Authority.OKX Offers...
Cryptocoins News / Finance Magnates - 8 months ago
Social media updates about personal and professional lives have become common nowadays, but sometimes, some posts attract attention because they are unhinged. Ryan Salame, the former co-CEO of FTX, made such an absurd post on LinkedIn, updating on hi...
Cryptocoins News / Finance Magnates - 8 months ago
Securities and Exchange Commission (SEC) charged Chicago-based Cumberland DRW LLC for operating as an unregistered crypto dealer. The complaint involves more than $2 billion in crypto trades, allegations the company termed as an “enforcement-first ap...
Cryptocoins News / Finance Magnates - 8 months ago
Bybit has confirmed its pursuit of regulatory licensing in Austria. This move aligns with its efforts to expand into key markets while adhering to local compliance requirements.Meanwhile, Kazakhstan has granted Bybit a full license from the Astana Fi...
Cryptocoins News / Finance Magnates - 8 months ago
Iris Energy Limited, the publicly listed Wall Street Bitcoin (BTC) mining company (NASDAQ: IREN) that recently pivoted to promoting itself as a high-performance computing (HPC) data center operator, is facing a class action lawsuit alleging it misrep...
Cryptocoins News / Finance Magnates - 8 months ago
Ripple announced the launch of new crypto custody services on Thursday (today). These services are designed to assist banks and financial technology firms in storing digital assets for their clients. However, this diversification effort comes amid ch...
Cryptocoins News / Finance Magnates - 8 months ago
A new HBO documentary claimed to have uncovered the identity of Bitcoin creator Satoshi Nakamoto. However, the man identified as the mysterious figure behind the leading cryptocurrency has denied the claims, BBC reported. Titled “Money Electric: The...
Cryptocoins News / Finance Magnates - 8 months ago
Anthony Scaramucci, the Founder of SkyBridge Capital investment firm, has voiced criticism of the current state of cryptocurrency regulation in the United States. The former White House Director of Communications called for a more bipartisan approach...
Cryptocoins News / Finance Magnates - 8 months ago
Muinmos, a Danish RegTech firm, and cryptocurrency firm XBO.com partnered to improve how crypto exchanges onboard users. This collaboration promises speed, efficiency, and compliance with regulatory standards.Automating Compliance XBO.com's integrati...
Cryptocoins News / Finance Magnates - 8 months ago
Wirex Pay has launched early access to its new app for select whitelisted users. The app is part of Wirex’s decentralized payment network, aiming to update the use of digital assets in everyday payments. This early phase allows users to test the syst...
Cryptocoins News / Finance Magnates - 8 months ago
Bybit partnered with the Nordic Blockchain Association (NBA) to foster innovation and growth within the regional blockchain ecosystem. The partnership is reportedly part of the NBA's effort to create a better blockchain community in the Nordics.Build...
Cryptocoins News / Finance Magnates - 8 months ago
The number of crypto-related litigations brought by the SEC increased four times in the third quarter compared to the prior quarter, according to a recent study. This comes as the sector faces intensified scrutiny amid heightened enforcement actions...
Cryptocoins News / Finance Magnates - 8 months ago
Crypto.com sued the US securities watchdog for allegedly overstepping its mandate. The crypto exchange claims the Securities and Exchange Commission (SEC) has extended its jurisdiction beyond statutory limits by interpreting crypto assets as securiti...
Cryptocoins News / Finance Magnates - 8 months ago
Finery Markets, a non-custodial crypto ECN and SaaS trading platform provider, has announced a new partnership with technology and digital asset liquidity provider Stillman Digital. This collaboration is set to expand Finery Markets' pool of global l...
Cryptocoins News / Finance Magnates - 8 months ago
The Hong Kong Securities and Futures Commission (SFC) plans to approve more cryptocurrency exchanges by the end of the year, according to CEO Julia Leung. Speaking to local outlet HK01 on October 6, Leung noted that 11 platforms seeking licenses have...
Cryptocoins News / Finance Magnates - 8 months ago
The US bankruptcy judge Jon Dorsey has approved the reorganization plan for FTX, paving the way for the defunct cryptocurrency exchange to repay billions of dollars to its creditors. The decision marks a significant update in the company's efforts to...
Cryptocoins News / Finance Magnates - 8 months ago
Institutional investors and wealth managers predict a surge in the launch of new digital asset funds within the coming year. They expect this trend to substantially transform the sector amid growing interest among traditional institutions. According...
Cryptocoins News / Finance Magnates - 8 months ago
The United Arab Emirates (UAE) exempted all crypto transactions from value-added tax (VAT), effectively treating cryptocurrencies similarly to traditional financial services. This action reportedly aims to clarify the regulatory status of the sector....
Cryptocoins News / Finance Magnates - 8 months ago
Coinbase will remove certain stablecoins from its platform in the European Economic Area (EEA) by the end of the year. The company made the announcement today (Friday), citing upcoming regulatory changes in the region.Stablecoins are digital assets d...
Cryptocoins News / Finance Magnates - 8 months ago
Crypto startup Lejilex and the United States Securities and Exchange Commission (SEC) are engaged in a legal battle over the classification of cryptocurrencies. Both parties have submitted competing briefs for summary judgment in a Texas federal cour...
Cryptocoins News / Finance Magnates - 8 months ago
Kraken has announced the launch of its new global derivatives venue in Bermuda. This initiative aims to provide clients with a licensed trading platform in a recognized jurisdiction.Bermuda Authority Approves Kraken VenueKraken's new venue allows cli...
Cryptocoins News / Finance Magnates - 8 months ago
The Securities and Exchange Commission (SEC) yesterday (Wednesday) formally moved to appeal a federal judge's decision in the regulator’s case against Ripple, which resulted in a $125 million fine.SEC Files “Notice of Appeal”The regulator filed a "no...
