Cryptocoins News / Finance Magnates - 9 months ago
Mark Karpeles, the former CEO of Mt. Gox, is set to launch a new cryptocurrency exchange called EllipX this month. Based in Poland, the platform will initially serve European users, with plans for global expansion. The exchange will focus on cryptocu...
Cryptocoins News / Finance Magnates - 9 months ago
The increasing difficulty of mining cryptocurrencies and a further 9% drop in its price has negatively impacted Wall Street Bitcoin (BTC) miners in August. The publicly listed CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BITF) have both reported a...
Cryptocoins News / Finance Magnates - 9 months ago
Bitcoin ATM scams are on the rise, with fraudsters increasingly using these machines to target vulnerable consumers. Data from the Federal Trade Commission (FTC) reveals a nearly tenfold increase in scams involving Bitcoin ATMs since 2020. In 2023 al...
Cryptocoins News / Finance Magnates - 9 months ago
Nexo, the platform that gained popularity by offering crypto lending products, has resumed new client registration in the United Kingdom today (Tuesday), the company announced.Ensuring Local ComplianceThe crypto platform detailed that before resuming...
Cryptocoins News / Finance Magnates - 9 months ago
The UK's first regulated and centrally cleared trading venue dedicated to digital asset derivatives, GFO-X, is set to launch by the end of this year, Finance Magnates has learned. The project is collaborating with LCH, which will provide clearing for...
Cryptocoins News / Finance Magnates - 9 months ago
One in three retail investors is more likely to trust a financial influencer (or finfluencer) than someone from their immediate circle. It's no wonder that the internet is full of experts offering their help in making money. Trading platforms and cry...
Cryptocoins News / Finance Magnates - 9 months ago
Ripple Labs’ chief legal officer, Stuart Alderoty, has criticized the United States Securities and Exchange Commission (SEC) for repeatedly using the term “crypto asset security.” He argues that the term has no legal foundation. He further accused th...
Cryptocoins News / Finance Magnates - 9 months ago
Binance plans to transfer its South African derivatives operations to its Bahrain subsidiary. The crypto exchange mentioned in a statement today that this move will require users to adapt to new procedures and ensure compliance with South African and...
Cryptocoins News / Finance Magnates - 9 months ago
If someone expressed the opinion that this year’s US presidential race has produced some unprecedented events, a listener might wonder which particular moment they were referring to, since it has been such a volatile and contentious political period....
Cryptocoins News / Finance Magnates - 9 months ago
Wall Street Bitcoin (BTC) miners faced their toughest month of the year in August, with revenues plummeting to levels not seen since September 2023. The downturn highlights the growing challenges in the cryptocurrency mining sector, as increased comp...
Cryptocoins News / Finance Magnates - 9 months ago
BlockDAG has managed to capture the spotlight again with its second big-ticket football deal, the latest being the crypto company’s partnership with Italian giant Inter Milan. Although the exact financials of the deal were not revealed, it was labele...
Cryptocoins News / Finance Magnates - 9 months ago
OKX, one of the top crypto exchanges by trading volume, has bolstered its presence in Singapore by obtaining a Major Payment Institution (MPI) license from the city-state’s regulator. The crypto exchange also named Gracie Lin, a former regulator, as...
Cryptocoins News / Finance Magnates - 9 months ago
The Securities and Exchange Commission (SEC) has taken an interest in the restructuring plan of the now-collapsed FTX and revealed its intentions to challenge the crypto exchange’s payment plan to its creditors if they were paid in stablecoins.“The S...
Cryptocoins News / Finance Magnates - 9 months ago
IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency prices. According to the results for the fiscal year...
Cryptocoins News / Finance Magnates - 9 months ago
After a record-breaking 2021, one of Europe's oldest cryptocurrency exchanges experienced two consecutive years of significant unprofitability. The British branch of Luxembourg-based Bitstamp recently published its 2023 results, showing a revenue dec...
Cryptocoins News / Finance Magnates - 9 months ago
Ryan Salame, FTX's former executive serving a 7.5-year sentence, has retracted his legal motion to compel the government to honor his plea deal. The decision comes as his long-time partner, Michelle Bond, now faces federal charges, prompting a strate...
Cryptocoins News / Finance Magnates - 9 months ago
Deep-pocket cryptocurrency companies are racking up sports deals, with Polkadot being the latest to become a sponsor of Club Internacional de Fútbol Miami, better known as Inter Miami. The Polkadot brand will first feature on Inter Miami’s assets sta...
Cryptocoins News / Finance Magnates - 9 months ago
Crypto.com announced the launch of its global retail services. They will allow retail users of the Crypto.com App in over 90 countries to deposit and withdraw funds more easily. The company claims that this move will improve the efficiency and utilit...
Cryptocoins News / Finance Magnates - 9 months ago
Bybit has launched a new update that waives foreign exchange fees for Mastercard holders in seven European countries. This service is available for users in Poland, Bulgaria, Croatia, the Czech Republic, Denmark, Sweden, and Hungary. Waiving FX Fees...
Cryptocoins News / Finance Magnates - 9 months ago
Asset management giant BlackRock has extended its Ethereum ETF to Brazil. As of August 28, Brazilian investors can now trade the iShares Ethereum Trust (ETHA) via a Brazilian Depositary Receipt (BDR) on the B3 stock exchange under the ticker ETHA39,...
Cryptocoins News / Finance Magnates - 9 months ago
Binance's CEO Richard Teng has firmly rejected accusations circulating on social media that the crypto exchange froze all Palestinian accounts at the orders of Israeli authorities, Coindesk reported. Teng labeled these claims as fear, uncertainty, an...
Cryptocoins News / Finance Magnates - 9 months ago
Crypto.com announced today (Wednesday) that US users can now add PayPal as a payment method to fund cryptocurrency purchases. By linking their PayPal and Crypto.com wallets, users can transfer funds from PayPal to Crypto.com to purchase available cry...
Cryptocoins News / Finance Magnates - 9 months ago
Partnerships with major football brands like Juventus and Atalanta are set to help Polish-born cryptocurrency exchange zondacrypto spread its international wings. In an exclusive interview with Finance Magnates, the platform's CEO Przemyslaw Kral rev...
Cryptocoins News / Finance Magnates - 9 months ago
Applications for registration as a crypto-asset exchange or custodian wallet provider have dropped by 51% over the past three years, according to data obtained through a Freedom of Information (FOI) request by global law firm Reed Smith. The Financia...
Cryptocoins News / Finance Magnates - 9 months ago
With the commencement of the 2024–2025 football season, another sports sponsorship has been sealed. Today (Wednesday), blockchain firm BlockDAG revealed its three-year deal with German football club Borussia Dortmund (BVB), worth $10 million.Deep-Poc...
