Finance Magnates global multi-asset trading news
Finance Magnates is a global provider of multi-asset trading news, a global financial industry online directory, research, and conferences, exhibitions, and events around the world with a special focus on electronic trading, banking, investing, and technologies behind them.
Daily Crypto News With CoinMonks
Live Bitcoin and Cryptocurrency News
MMCrypto Cryptocurrency (ENG)
-
FMA Cracks Down on These Two Companies amid Fraud Concerns in New Zealand
The Financial Markets Authority (FMA) of New Zealand has been actively combating fraudulent activity and scams in the country's financial markets. In a series of recent actions, the regulator has taken steps to protect consumers and maintain market integrity by cancelling one crowdfunding services license and issuing a warning against a cryptocurrency company.
FMA Cracks Down
... -
Another Extension: CySEC Suspends FTX EU’s License until September
The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange.
The Suspension of FTX’s EU License
Announced today (Tuesday), the latest license suspension will last until 30 September 2024. The license of the EU unit of FTX was originally
... -
Bitcoin Halving Countdown: Why It May Not Guarantee Price Surge
The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given the recent developments, such as the approval of spot Bitcoin ETFs and improved crypto regulations.
... -
JPMorgan's CEO Jamie Dimon Renews Attack on Bitcoin, Calls It "Fraud"
Jamie Dimon recently affirmed his longstanding stance against Bitcoin. In an interview with Bloomberg TV, the CEO of JPMorgan labeled the leading digital asset a "fraud" and "Ponzi Scheme." According to Dimon, Bitcoin lacks the fundamental qualities necessary to function as a currency.
Dimon Labels Bitcoin "Ponzi Scheme"
"Crypto, if you mean crypto like Bitcoin, I've always said
... -
Binance Receives Full Operational Approval for Crypto Services in Dubai
Binance has announced that it has received a full virtual-asset services provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This development follows almost a year after Binance entered the third stage of Dubai's four-stage regulatory process.
Binance's Dubai Unit Expands Services
According to a VARA filing, Binance's local unit, Binance FZE, secured
... -
Senators Grill CFTC Boss on Sketchy Links to FTX’s Fallen Star Sam Bankman-Fried
Senators Elizabeth Warren and Chuck Grassley demand a full accounting of the interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct cryptocurrency exchange FTX.
Commentators wonder if this will allow the public to discover what might have happened between the regulator and SBF
... -
Kraken Acquires TradeStation Crypto
The crypto exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to support its expansion efforts in the United States, Coindesk reported.
However, the closing date of the acquisition and other details remain unclear as neither company has announced anything officially. The financials of the deal have not been
... -
Norway to Regulate Energy-Intensive Crypto Mining Activities
Norway plans to regulate cryptocurrency mining activities in the country by restricting data centers. Two government officials intend to propose a new law that will bring the data center industry under regulatory oversight for the first time in Norway.
According to the media outlet VG, Norway's Digitalization Minister, Karianne Tung, and the Energy Minister, Terje Aasland, mentioned
... -
Tokenizing Real-World Assets Redefines Financial Inclusivity: A $16 Trillion Outlook
We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically
... -
Breaking: Bitcoin Halving is Sealed after Mining of Block 840,000
The Bitcoin halving just took place at block number 840,000. This event today reduced the mining reward for each block to 3.125 Bitcoins from 6.25 Bitcoins. New Bitcoins are introduced into circulation through these mining rewards.
Another Bitcoin Halving
Halving is one of the most significant events in the cryptocurrency world and occurs approximately every four years,
... -
BlockFills Partners with Centroid Solutions for 24/7 Digital Asset Liquidity
BlockFills, the provider of digital asset trading technology and liquidity solutions, has announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge.
This collaboration aims to provide brokers and institutional clients with a centralized environment for price management, execution, comprehensive reporting, and BlockFills'
... -
Bitcoin Halving and Geopolitics: The Liquidity Conundrum
The long-awaited day of the 4th phase of Bitcoin's halving is looming in the cryptocurrency sector. The countdown to this event shows that it could happen around the final hours of Friday evening if you are located in the Americas or Saturday morning if you are in Asia or Europe.
According to the market metrics, the event is much anticipated and should be discounted well in advance of
... -
UK Finance Taps R3 and Quant for Financial Technology Experimentation
R3, an enterprise distributed ledger technology and services firm, along with Quant, have been designated to develop the technology prototype for the experimental phase of the UK’s Regulated Liability Network (UK RLN). This initiative, spearheaded by UK Finance and supported by EY, aims to establish a common platform for innovation across various forms of currency, including traditional bank
... -
Mango Markets’ Manipulator Faces up to 20 Years in Jail after Jury Conviction
A federal jury in New York yesterday (Thursday) convicted Avraham 'Avi' Eisenberg, a crypto trader, for fraud and market manipulation in carrying out a $110 million heist from the decentralized cryptocurrency exchange Mango Markets. It was the first conviction in a cryptocurrency market manipulation case.
Jail Time Ahead
He is now facing substantial prison time: the commodities
... -
Binance Mulls Re-Entering India by Paying $2 Million Fine: Report
Binance is considering re-entering the Indian market after paying a $2 million penalty to local authorities, according to a report from The Economic Times published today (Thursday). The cryptocurrency exchange was ousted from the country last January for failing to comply with local laws.
India: A Lucrative Market for Crypto Exchanges
The report emerged just a month after KuCoin,
...