Cryptocoins News / Finance Magnates - 9 months ago
The publicly-listed Bitcoin (BTC) miner from Wall Street (NASDAQ: ARBK) and London Stock Exchange (LSE: ARB), Argo Blockchain, announced today (Wednesday) its interim results for the first half of 2024. The company reported an 18% increase in revenue...
Cryptocoins News / Finance Magnates - 9 months ago
Revenue for publicly traded Bitcoin (BTC) and other cryptocurrency miners on Wall Street has fallen by 12%. This continues the negative reaction to April's halving, which reduced block rewards, coupled with low network fees and rising production cost...
Cryptocoins News / Finance Magnates - 9 months ago
The Securities and Exchange Commission (SEC) has taken swift action against two brothers accused of orchestrating a $60 million cryptocurrency Ponzi scheme that defrauded over 80 investors in the US.SEC Charges Brothers in $60 Million Crypto Ponzi Sc...
Cryptocoins News / Finance Magnates - 9 months ago
With the commencement of the 2024–2025 football season, Coinbase has expanded the scope of its existing partnership with German football club Borussia Dortmund (BVB). The sponsorship deal was originally agreed upon in July 2022 and will be in place f...
Cryptocoins News / Finance Magnates - 9 months ago
The Securities and Exchange Commission (SEC) has charged Abra, a crypto asset platform operated by Plutus Lending LLC, for allegedly failing to register its retail crypto lending program, Abra Earn. The SEC’s recent charges also include allegations t...
Cryptocoins News / Finance Magnates - 9 months ago
A Nigerian judge will hear a money laundering case involving the cryptocurrency exchange Binance and two of its executives next week. The hearing was moved to an earlier date following a request by the defense. Originally scheduled for October 11, th...
Cryptocoins News / Finance Magnates - 9 months ago
Bitpanda Technology Solutions and CoinMENA have partnered to expand crypto trading services in the Middle East. Licensed as a crypto asset platform under the Central Bank of Bahrain and Dubai Virtual Asset Regulatory Authority (VARA), CoinMENA aims...
Cryptocoins News / Finance Magnates - 9 months ago
Another high-profile sports sponsorship deal by a cryptocurrency exchange has been announced with the partnership of Gate.io with FC Internazionale Milano (Inter Milan), one of the top Italian football clubs. However, the financial details of the dea...
Cryptocoins News / Finance Magnates - 9 months ago
The global cryptocurrency exchange Bitget has partnered with KoinX, a renowned provider of crypto tax reporting solutions. This collaboration aims to enhance how Bitget users manage their tax obligations and help them better comply with local regulat...
Cryptocoins News / Finance Magnates - 9 months ago
Bybit has released its inaugural report on The Open Network (TON) ecosystem. This report provides an update on TON’s efforts to integrate nearly one billion Telegram users into Web3.The report outlines TON’s approach to ecosystem development, which i...
Cryptocoins News / Finance Magnates - 9 months ago
The Asia-Pacific (APAC) region is at the forefront of the global financial service industry’s growth, where traditional finance (TradFi) intersects with the burgeoning world of digital assets. As crypto, blockchain technology, and decentralized finan...
Cryptocoins News / Finance Magnates - 9 months ago
The cryptocurrency exchange BingX has introduced a new feature called Pre-Launch Futures. This addition allows users to trade futures contracts on tokens before the tokens are officially listed. By participating in Pre-Launch Futures, traders can pre...
Cryptocoins News / Finance Magnates - 9 months ago
An Australian federal court today (Friday) ruled that Bit Trade Pty Ltd, which operates the Kraken crypto exchange in the country, violated the design and distribution obligations (DDO) while offering margin trading products to local customers.A Part...
Cryptocoins News / Finance Magnates - 9 months ago
Hong Kong’s push to become a digital-asset hub is facing challenges as uncertainty grows over whether 11 cryptocurrency exchanges will successfully obtain full licenses. These firms had received initial approvals earlier this year.The Securities and...
Cryptocoins News / Finance Magnates - 9 months ago
Binance, the world's largest cryptocurrency exchange, plans to hire 1,000 new employees this year, with a significant focus on bolstering its compliance team, according to CEO Richard Teng.Binance Expands Workforce, Boosts Compliance EffortsDuring an...
Cryptocoins News / Finance Magnates - 9 months ago
NBA star Jimmy Butler and crypto YouTuber Ben Armstrong, known as “BitBoy,” have agreed to settle a class action lawsuit brought against them for promoting alleged unregistered securities sold by Binance, paying a combined total of $340,000.Butler ha...
Cryptocoins News / Finance Magnates - 9 months ago
Bitfarms has expanded its operations in the US with the acquisition of Stronghold Digital Mining in a stock-for-stock merger valued at approximately $125 million. The agreement also includes an additional assumption of $50 million in debt. According...
Cryptocoins News / Finance Magnates - 9 months ago
State Street has announced a new partnership with Swiss cryptocurrency firm Taurus. This collaboration aims to expand State Street's digital asset services, including the creation of tradeable tokens from real-world assets. As cryptocurrencies have b...
Cryptocoins News / Finance Magnates - 9 months ago
The publicly listed Bitcoin (BTC) miner from Wall Street, Core Scientific (NASDAQ: CORZ), has repaid $267 million in debt using proceeds from its recently closed convertible senior notes offering.Core Scientific Pays Down $267 Million in DebtThe debt...
Cryptocoins News / Finance Magnates - 9 months ago
Cryptocurrency-related crime is evolving in 2024, with hackers increasingly targeting centralized exchanges and ransomware attacks reaching new heights, according to a mid-year report from blockchain analytics firm Chainalysis.Crypto Crime Trends Shi...
Cryptocoins News / Finance Magnates - 9 months ago
Binance and its former CEO, Changpeng Zhao, are facing yet another class action lawsuit, this time brought by three cryptocurrency investors who allege that the exchange failed to prevent money laundering. The lawsuit was filed last Friday in the U.S...
Cryptocoins News / Finance Magnates - 9 months ago
A publicly listed Bitcoin (BTC) miner from Wall Street, BitFuFu Inc. (NASDAQ: FUFU), has reported a significant increase in crypto mining costs and a sharp decline in net income for the second quarter of 2024, despite strong revenue growth.Bitcoin Mi...
Cryptocoins News / Finance Magnates - 9 months ago
Germany’s Federal Financial Supervisory Authority, known by its abbreviation BaFin, has seized approximately 25 million euros ($28 million) in cash in a nationwide crackdown against cryptocurrency automated teller machines (ATMs).Crackdown on Crypto...
Cryptocoins News / Finance Magnates - 9 months ago
Nigeria's financial regulator is preparing to license cryptocurrency exchanges. The country's Securities and Exchange Commission (SEC), headquartered in Abuja, is set to unveil its inaugural licenses for digital and tokenized assets this month, Bloom...
Cryptocoins News / Finance Magnates - 9 months ago
Binance claims to have thwarted potential losses of over $2.4 billion In the first seven months of 2024, safeguarding more than 1.2 million users from scams and fraudulent activities. The exchange's risk management reportedly detected and blocked fra...
