Cryptocoins News / Finance Magnates - 2 months ago
Bitget Wallet has reached a new milestone of 12 million monthly active users (MAUs), becoming the most downloaded Web3 wallet in August 2024. The application was downloaded nearly 2 million times last month, surpassing popular competitors such as Tru...
Cryptocoins News / Finance Magnates - 2 months ago
ENS Labs, the organization responsible for the Ethereum Name Service (ENS), has announced integration with PayPal and Venmo. This move allows users of these popular payment platforms to utilize their ENS names when transferring cryptocurrency. The fe...
Cryptocoins News / Finance Magnates - 2 months ago
For many years, crypto has been fended off accusations of being a solution in search of a problem. Another way of putting it is that product-market fit is an issue, or that crypto needs a killer app. It’s worth distinguishing here also between bitcoi...
Cryptocoins News / Finance Magnates - 2 months ago
Standard Chartered announced today (Tuesday) that it has started offering digital asset custody services in the United Arab Emirates. Brevan Howard Digital, the digital asset division of the British hedge fund, is the first client to use these servic...
Cryptocoins News / Finance Magnates - 2 months ago
Coinbase's legal troubles deepened last week after a US judge allowed a class action lawsuit from shareholders to move forward. The lawsuit claims the crypto exchange misled investors about its exposure to regulatory risks, particularly from the US S...
Cryptocoins News / Finance Magnates - 2 months ago
Tokocrypto, a member of the Binance group, has been granted the Physical Crypto Asset Trader (PFAK) license by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). In 2024, Tokocrypto’s user base has expanded to over 4.5 million, and t...
Cryptocoins News / Finance Magnates - 2 months ago
At the end of August, the court agreed with the Australian Securities and Investment Commission (ASIC), confirming that the cryptocurrency exchange Kraken violated local regulations by offering margin products to retail clients. However, the company...
Cryptocoins News / Finance Magnates - 2 months ago
The Kazakhstan-based unit of Binance has received formal consent from the Astana Financial Services Authority (AFSA) to grant it a full regulatory licence, the crypto exchange announced today (Friday).Sealing Its Presence in KazakhstanWith this, it h...
Cryptocoins News / Finance Magnates - 2 months ago
The Kazakhstan-based unit of Binance has received formal consent from the Astana Financial Services Authority (AFSA) to grant it a full regulatory license, the crypto exchange announced today (Friday).Sealing Its Presence in KazakhstanWith this, it h...
Cryptocoins News / Finance Magnates - 2 months ago
Mastercard has expanded its support for non-custodial wallets through a new partnership with Mercuryo, a European crypto payments provider. This collaboration introduces a euro-denominated crypto debit card that allows users to spend digital assets d...
Cryptocoins News / Finance Magnates - 2 months ago
Several major publicly-traded Bitcoin (BTC) miners from Wall Street have reported decreased production for August, highlighting ongoing challenges in the cryptocurrency mining sector.Wall Street Bitcoin Miners Report Lower August ProductionArgo Block...
Cryptocoins News / Finance Magnates - 2 months ago
The cryptocurrency arm of the zero-free trading giant Robinhood has agreed to pay $3.9 million to settle allegations by California's Attorney General that it violated state commodities law by prohibiting customers from withdrawing cryptocurrency from...
Cryptocoins News / Finance Magnates - 2 months ago
Trustpilot, a platform where real users provide reviews, has disabled the “TrustScore” of crypto exchange Binance, alleging the detection of “a number of fake reviews for this company.” The review platform has already removed the fake reviews.Fake Re...
Cryptocoins News / Finance Magnates - 2 months ago
The US Commodity Futures Trading Commission charged decentralized exchange (DEX) developer Uniswap Labs with offering illegal leveraged and margined commodities transactions. The two parties simultaneously settled the charges with a payment of $175,0...
Cryptocoins News / Finance Magnates - 2 months ago
In response to what it describes as a hostile takeover attempt, Bitfarms has strongly rejected claims made by Riot Platforms, accusing Riot of trying to undermine the company for its own gain. The conflict between the two Bitcoin mining giants has es...
Cryptocoins News / Finance Magnates - 2 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 - 2 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 - 2 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 - 2 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 - 2 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 - 2 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 - 2 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 - 2 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 - 2 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 - 2 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...
