Cryptocoins News / Finance Magnates - 5 months ago
South Korea's Financial Services Commission has ordered all cryptocurrency exchanges to implement near real-time asset reconciliation and submit to monthly external audits.Singapore Summit: Meet the largest APAC brokers you know (and those you stil...
Cryptocoins News / Finance Magnates - 5 months ago
Bitcoin miners are pivoting to AI infrastructure as revenue per megawatt from serving AI workloads runs 5 to 10 times higher than from mining Bitcoin, and the post-halving squeeze has turned that gap into a strategic mandate.Singapore Summit: Meet th...
Cryptocoins News / Finance Magnates - 5 months ago
Circle is facing criticism from parts of the crypto community after hackers drained about $285 million from the Solana-based Drift protocol, most of which was quickly converted into USD Coin (USDC) and transferred to Ethereum. Blockchain investigator...
Cryptocoins News / Finance Magnates - 5 months ago
South Korean brokerage Korea Investment & Securities is reviewing a potential stake in crypto exchange Coinone, according to local media reports and company comments. No agreement has been finalized.Singapore Summit: Meet the largest APAC brokers...
Cryptocoins News / Finance Magnates - 5 months ago
Australia’s Parliament has passed legislation that will bring digital asset platforms and tokenised custody providers under the country’s financial services licensing regime.Singapore Summit: Meet the largest APAC brokers you know (and those you stil...
Cryptocoins News / Finance Magnates - 5 months ago
Quantum computing is moving from theory to practice, and a new whitepaper warns that major cryptocurrencies need to react much faster than they have so far. The study shows that once a powerful enough quantum computer exists, it could break the crypt...
Cryptocoins News / Finance Magnates - 5 months ago
A U.S. federal court has approved a $500,000 settlement between the Commodity Futures Trading Commission (CFTC) and KuCoin’s parent company, Peken Global Limited, ending a long-running case over unregistered trading access for American users.Singapor...
Cryptocoins News / Finance Magnates - 5 months ago
Interactive Brokers (Nasdaq: IBKR), a global automated broker, has launched crypto-asset trading for eligible individual investors in the European Economic Area. The service is offered through Interactive Brokers Ireland Limited, an authorised crypto...
Cryptocoins News / Finance Magnates - 5 months ago
The Federal Court of Australia has imposed an AU$10 million fine on Binance Australia Derivatives after the company admitted to misclassifying more than 85% of its local clients. Those wrongly labelled customers went on to rack up AU$8.66 million in...
Cryptocoins News / Finance Magnates - 5 months ago
OKX has decided not to rush its U.S. initial public offering, saying it will only take the step when it can guarantee long-term shareholder value. The exchange, recently valued at $25 billion after a deal tied to the New York Stock Exchange’s parent...
Cryptocoins News / Finance Magnates - 6 months ago
Tether has appointed a Big Four accounting firm to conduct its first full financial statement audit of the reserves backing its billions worth of USDT stablecoin. The company previously relied on periodic attestations, which offered limited snapshots...
Cryptocoins News / Finance Magnates - 6 months ago
A European Central Bank executive delivered a keynote speech in Brussels, warning that digital finance could become dominated by a few major providers. Piero Cipollone, a member of the ECB’s Executive Board, said “a single dominant platform and stabl...
