Category : Finance Magnates

Finance Magnates

Massachusetts Men Get Prison for Crypto Theft using SIM-Swapping

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Project 'Eden': Israel Wants to Issue Digital Government Bonds

The Tel Aviv Stock Exchange (TASE) announced on Wednesday that it is working together with the Israeli Ministry of Finance (MoF) to implement government bonds issued using <a href="https://www.financemagnates.com/terms/b/blockchain...

Three OneCoin Crypto Scam Associates Faced a German Court

A lawyer, a husband, and his wife faced a court in Germany in connection with the $4 billion <a href="https://www.financemagnates.com/tag/onecoin/" target="_blank">OneCoin </a>cryptocurrency scam. The projec...

Celsius Network Reportedly Faces US Federal Investigation

A bankrupt crypto lender, <a href="https://www.financemagnates.com/cryptocurrency/news/crypto-lender-celsius-files-for-bankruptcy-in-new-york/" target="_blank">Celsius Network</a> is now facing a federal inves...

Younger Investors Are Choosing Crypto

According to a <a href="https://ustrustaem.fs.ml.com/content/dam/ust/articles/pdf/2022-BofaA-Private-Bank-Study-of-Wealthy-Americans.pdf">recent study</a> of wealthy Americans by the Bank of America, younger investors a...

ASIC Warns against Cryptcurrency Scam Appasiccoin.org

On Tuesday, the Australian Securities & Investments Commission (ASIC) issued a warning, alerting investors about appasiccoin.org website, which is using cryptocurrencies to potentially scam retail traders. Despite claims the regulator...

CySEC Chair Warns against Crypto Investment Risks, Endorses MiCA

The rising popularity of cryptocurrencies and the associated risks with such investments have alarmed the Cyprus Securities and Exchange Commission (<a href="https://www.financemagnates.com/tag/cysec/" target="_blank"&...

Cameron Winklevoss Leaves Gemini Europe Directorate

Gemini Europe, a <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" target="_blank" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa_1" class="terms__main-term">cryptocurrency e...

Binance Announces CoinMarketCap (CMC) Cryptocurrency Index Series

Binance, one of the largest cryptocurrency exchanges in the world by market cap, announced on Monday that it had launched a new series of cryptocurrency indices in cooperation with the popular crypto-tracking service <a href="https:...

ASIC Temporarily Halts Holon’s Cryptocurrency Funds

On Monday, the Australian Securities and Exchange Commission (ASIC) issued an interim stop order against Holon Investments Australia Limited, preventing the firm from offering or distributing three cryptocurrency funds to retail investors.&l...

Floating Point Group Integrates ML Tech for Offering Algo Trading Strategies

Floating Point Group, which operates a <a href="https://www.financemagnates.com/institutional-forex/hidden-road-introduces-otc-prime-brokerage-for-crypto/" target="_blank">cryptocurrency prime brokerage</a>, a...

The SEC vs The Metaverse

The US Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, have a reputation for being hostile towards cryptocurrencies, but up to now, NFTs have been a hazy area that some market participants were hoping might continue to...

What Will Drive the Next Crypto Bull Run?

Despite the air of despondency that has blanketed the crypto space for the last several months, there has not so far been anything this cycle to signal a major departure from previous trends. Up to now, bitcoin, dragging t...

US SEC Probes Yuga Labs to Determine If Bored Ape NFTs Are Securities

The United States Securities and Exchange Commission (SEC) has reportedly launched an investigation into Yuga Labs Inc., to determine whether the firm’s Bored Ape Yacht Club (BAYC) non-fungible tokens (NFT) are s...

Blockchain.com Gets Regulatory Greenlight from Singapore’s MAS

Blockchain.com has become the latest <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" target="_blank" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa_1" class="terms__main-term"&g...

Magic Square Valuation Soars Ahead of Next Funding Round

Magic Square, which is a community-driven multi-chain crypto app store, is aiming to raise $4.4 million in its next funding round with a valuation of $120 million, the startup’s CEO Andrey Nayman revealed to TechCrunch. It...

Binance Focuses on Crypto Safety in New MoU with Kazakhstan

Binance, a major cryptocurrency exchange, has signed a second memorandum of understanding (MoU) with Kazakhstan, this time focusing on “the safe development of virtual asset markets” in the Central Asia country.&l...

Coinbase Gains In-Principal Approval from Singapore’s MAS

Coinbase has received in-principal approval from the Monetary Authority of Singapore (MAS), thus gaining the status of a Major Payments Institution under the local Payment Services Act.Announced on Tuesday, the new approva...

Who Will Dominate Web3?

If you follow cryptocurrencies, you will have noticed the term web3 coming to prominence. Sometimes web3 is simply applied as a convenient synonym for cryptocurrency and works as a kind of rebranding. If crypto doesn’t hold the nuance your p...

Finalto Adds JPY Cryptos to Platform

Finalto has announced the addition of cryptocurrencies denominated in Japanese Yen to its offering today.Having entered the Asian market in 2019, Finalto has continually expanded its offering in a highly active local...

NFT Back to Basics: 5 + 5Ps of Marketing

The 5 P's of Marketing – Product, Price, Promotion, Place and People – are key marketing elements used to position a business strategically. Most of us, whilst still understanding <a href="https://www.financemagnates.com/cryptoc...

Russia-Ukraine War: EU Completely Forbids Crypto Payments from Russia

The European Union has announced its eighth sanction package against Russia including a complete ban on Russia-originated payments to crypto wallets in Europe.In April, the political bloc had pegged <a href="https:...

Why Do We Need Crypto?

Is it true, as naysayers and skeptics proclaim, that crypto serves no purpose, that we’d be better off without it, and that it’s all going to zero anyway? The last of those points, that it will eventually lose all value, i...

BitMEX Gets Regulatory Approval in Italy, Seeks European Expansion

The cryptocurrency derivatives exchange, BitMEX, has received regulatory approval and registration from Italy’s Organismo Agenti e Mediatori (OAM) to operate as a virtual currencies and digital wallet services pro...

YouHodler Becomes Italian Football Club Torino’s First Crypto Partner

YouHodler, a Swiss brand that provides crypto-backed loans, has signed a two-season crypto partnership deal with the Italian football club, Torino.The deal, which is Torino’s first with a cryptocurrency-based company, come...

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