Cryptocoins News / Finance Magnates - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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...
Cryptocoins News / Finance Magnates - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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 - 3 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...
