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.
OKX, which operates a global crypto <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6">exchange</a>, announced the
extension of its partnership with British Formula One (F1) team McLaren Racing on Thursday.
<p>The Federal Deposit Insurance Corporation (FDIC) has asked cryptocurrency clients of collapsed Signature Bank to close their accounts by April 5 by finding <a href="https://www.financemagnates.com/cryptocurrency/bank-failures-leave-us-crypto-businesses-in-the-cold/" target="_blank" rel="follow">another banking partner</a>. Otherwise, the...
<p class="MsoNormal">With high fees,
long transaction times, and the danger of currency fluctuations, cross-border
payments have always been difficult for individuals and businesses equally.
However, the rise of stablecoins has opened up new avenues for efficient and
safe cross-border payments. In this essay, we will look at the role of
stablecoins in cross-border payments, the...
<p class="MsoNormal">Blockchain technology has been touted as a solution to the
issue of financial exclusion, promising a more inclusive and accessible
financial system. However, there is a growing concern that the implementation
of blockchain technology could backfire spectacularly, further exacerbating the
already existing technological gap while aggravating financial...
<p class="MsoNormal">FTX Europe, the European subsidiary of bankrupt
cryptocurrency exchange, FTX, has created a new website for its customers to withdrawal their balance from the platform. The new domain name, https://ftxeurope.eu/, was approved by the Cyprus Securities and Exchange Commission (CySEC).</p><p class="MsoNormal">Finance Magnates learned the...
publicly-listed cryptocurrency company founded by an American investor Michael
Novogratz, Galaxy Digital Holdings (<a href="https://www.financemagnates.com/tag/galaxy-digital-assets-fund/" target="_blank" rel="follow">TSX:GLXY</a>) has published its full-year
results for 2022. Galaxy showed a massive net loss due...
<p>Thailand’s Securities and Exchange Commission (SEC) is considering lifting the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICO) to stimulate investments in digital tokens.
</p><p>Thailand to Remove ICO Limit
</p><p>As reported by the local media Bangkok Post, the <a...
<p class="MsoNormal">Kraken, one of the
longest-running cryptocurrency exchanges in the industry, has filed a pre-registration
with the Canada’s Ontario Securities Commission (OSC). The move is part of the
US-based digital asset firm’s efforts to become a registered Restricted Dealer
across all regions in Canada. </p><p class="MsoNormal">The cryptocurrency...
<p class="MsoNormal">On Thursday, Sam Bankman-Fried, the embattled
Founder of bankrupt cryptocurrency exchange, FTX, pleaded not
guilty to new charges from US prosecutors, including bribing Chinese officials
with $40 million. Additionally, the 31-year-old crypto entrepreneur pleaded not guilty
to conspiracy to violate campaign finance regulations through unlawful
<p>The US Securities and Exchange Commission (SEC) has obtained a final judgment against the Barksdale siblings, John and JonAtina (Tina) Barksdale, seeking a total of over $102 million from the duo as recovery and fines for <a href="https://www.financemagnates.com/cryptocurrency/onecoins-legal-head-extradited-to-the-us-faces-charges/" target="_blank"...
Racing and Kraken, a popular crypto platform, announced a global
partnership ahead of the Australian Grand Prix in Melbourne. This marks
Kraken's first-ever official crypto and Web3 partner of the Formula 1 (F1)
team.</p><p>Kraken and Williams Racing
Announce Crypto Partnership</p><p class="MsoNormal">According
to a press release <a...
<p class="MsoNormal">Bybit, a Dubai-based
cryptocurrency exchange, is aiming for future opportunities expected from the
Shanghai Upgrade to the <a href="https://www.financemagnates.com/terms/e/ethereum/" class="terms__secondary-term" id="230aa7bc-daf7-4523-af41-90671a2e79de">Ethereum</a> decentralized blockchain. On Friday, the
Ethereum is a blockchain network created primarily for enterprises. It is built
on the Ethereum blockchain, which is well-known for its adaptability and scalability.
This article will look into Enterprise Ethereum's position in business,
including its applications, benefits, and challenges.</p><p class="MsoNormal">What...
<p class="MsoNormal">Gemini, the
<a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" class="terms__main-term" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa">cryptocurrency exchange</a> owned by the Winklevoss twins, is examining
possibilities to launch an international crypto derivatives trading platform, according
<p class="MsoNormal">The rise of
cryptocurrency has heralded the dawn of a new age in digital finance. However,
with the advent of this new technology, new challenges have emerged that
conventional finance has not seen before. Among these difficulties are the Know
Your Customer (KYC) and Anti-Money Laundering (AML) laws, which cryptocurrency
exchanges must follow. </p><p...