Cryptocoins News / Finance Magnates - 2 years ago
FTX's bankruptcy team tasked with recovering customer funds released a new report yesterday (Monday) showing the collapsed cryptocurrency exchange has so far recovered $7 billion out of the $8.7 billion owed to customers.According to the report, th...
Cryptocoins News / Finance Magnates - 2 years ago
The Canadian Bitcoin mining firm, Hut 8, has secured a $50 million credit facility from Coinbase Credit, a subsidiary of the US-based cryptocurrency exchange, Coinbase. The facility will be used for general corporate purposes and will be backed by bi...
Cryptocoins News / Finance Magnates - 2 years ago
HSBC, the largest bank in Hong Kong, has reportedly made Bitcoin and Ether-based exchange-traded funds (ETFs) listed on the Hong Kong Exchange (HKEX) available to its customers. The move, according to local journalist Colin Wu, is targeted at expand...
Cryptocoins News / Finance Magnates - 2 years ago
BlackRock's application to establish a Bitcoin (BTC) exchange-traded fund (ETF) has ignited a new fever in the digital asset market. There are strong indications that Wall Street giants are trying to claim a piece of the cryptocurrency pie for themse...
Cryptocoins News / Finance Magnates - 2 years ago
Regulatory challenges faced by the crypto exchange Binance in the United States and Europe have led it to consider focusing on the Middle East. According to Alex Chehade, the General Manager of Binance Dubai, the United Arab Emirates (UAE) could beco...
Cryptocoins News / Finance Magnates - 2 years ago
Bybit, a cryptocurrency exchange, has obtained a new license from the Cyprus Securities and Exchange Commission (CySEC) that will allow it to operate as a crypto exchange and provide custody services. Bybit Gains CySEC License According to the regula...
Cryptocoins News / Finance Magnates - 2 years ago
The cryptocurrency exchange, Coinbase secured the backing of the US Supreme Court on Friday to pause a class-action lawsuit by one of its customers in order to pursue its efforts to send the case into private arbitration. Arbitration is an out-of-cou...
Cryptocoins News / Finance Magnates - 2 years ago
Binance, the largest cryptocurrency exchange by trading volume, will update market maker fees for 17 fiat markets, the exchange said in an announcement today (Friday). The update will last a month and includes discounts on market maker fees for selec...
Cryptocoins News / Finance Magnates - 2 years ago
Belgium’s financial markets watchdog has ordered the cryptocurrency exchange, Binance to immediately quit offering its digital asset exchange and custody services in the country. The regulator also instructed the exchange to return all customers’ c...
Cryptocoins News / Finance Magnates - 2 years ago
Blockchain technology, which is most usually linked with cryptocurrencies, has emerged as a transformational force that goes far beyond banking. Blockchain has the potential to change a variety of industries, including healthcare, supply chain manage...
Cryptocoins News / Finance Magnates - 2 years ago
In an era of tremendous technology breakthroughs, the world of banking is about to undergo a significant transformation. Central Bank Digital Currencies (CBDCs) have emerged as a game-changing invention with enormous potential to shape the future of...
Cryptocoins News / Finance Magnates - 2 years ago
The world of cryptocurrencies has seen a substantial increase in popularity and adoption in recent years. As this digital ecosystem grows, one sort of cryptocurrency has emerged as a significant participant in providing stability in the unpredictable...
Cryptocoins News / Finance Magnates - 2 years ago
Top Japanese banking group Mitsubishi UFJ (MUFG) is reportedly holding discussions with stablecoin issuers to have them issue such tokens on the group's blockchain platform. MUFG is also engaging entertainment companies and non-financial businesses o...
Cryptocoins News / Finance Magnates - 2 years ago
Japan's Monex Group has confirmed that the public listing of its cryptocurrency exchange, Coincheck, through a reverse merger with a blank check company has been delayed by one year. It was the second time the merger had been delayed. Delay in Coinch...
Cryptocoins News / Finance Magnates - 2 years ago
Prime Trust is the latest crypto custody platform to be in trouble, as it received a cease-and-desist order from the Nevada Department of Business and Industry for a "shortfall in customer funds" and not being able to handle customers' withdrawal req...
Cryptocoins News / Finance Magnates - 2 years ago
The emergence of digital assets and blockchain technology is causing huge changes in the financial sector. While traditional assets such as stocks, bonds, and real estate have traditionally served as the foundation of investment portfolios, digital a...
Cryptocoins News / Finance Magnates - 2 years ago
Because of their potential for large profits and decentralized nature, cryptocurrencies have attracted the attention of investors and enthusiasts all around the world. As the bitcoin ecosystem evolves, new financial services and platforms to harness...
Cryptocoins News / Finance Magnates - 2 years ago
Digital asset custodian BitGo has shelved its planned acquisition of one of its rivals Prime Trust, despite a preliminary agreement reached earlier in the month. The initial takeover agreement transpired amid speculation that Prime Trust was facing b...
Cryptocoins News / Finance Magnates - 2 years ago
Binance’s troubles with public authorities may be compounded in the coming days as Alfredo Gaspar, a Brazilian lawmaker, has requested that the country’s lower parliamentary house probe the cryptocurrency exchange over alleged connections to pyramid...
Cryptocoins News / Finance Magnates - 2 years ago
The fund management firm, Valkyrie Investments has filed for a Bitcoin spot exchange-traded fund (ETF) joining several companies that have submitted similar applications in the last week. The application was filed with the Securities and Exchange Com...
Cryptocoins News / Finance Magnates - 2 years ago
Ripple, a blockchain payments company, has cemented its Asia-Pacific presence with an In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS). The approval was granted to the San Fran...
Cryptocoins News / Finance Magnates - 2 years ago
Binance, its US affiliates and the CEO, Changpeng Zhao have criticised a recent claim made by the US Securities and Exchange Commission (SEC) that they commingled or diverted assets belonging to customers of Binance.US. The parties on Wednesday (toda...
Cryptocoins News / Finance Magnates - 2 years ago
It might be imagined that the concept of a financial system that cannot be controlled by a central bank would be anathema to China’s ruling party, but decentralisation is not an uncommon feature of Chinese society.A paper published in the China Econo...
Cryptocoins News / Finance Magnates - 2 years ago
Binance, which obtained a permanent license in Kazakhstan in October last year, has launched a local trading platform in the Central Asian country. The new platform will offer users trading and custody of digital assets, deposit and withdrawal of fia...
Cryptocoins News / Finance Magnates - 2 years ago
Holders of the allowed debtor-in-possession (DIP) claims for the bankrupt Bitcoin miner Core Scientific will receive full and final satisfaction of their claims, the company said in a joint Chapter 11 plan filed yesterday (Tuesday).Filed before a ba...
