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Exclusive: Ex-UBS Expert Joins Crypto Market Maker Acheron Trading amid 369% Volume Surge
After collaborating with legal departments of the world's largest investment banks, Daniel Lo has just joined the Acheron Trading team. As Finance Magnates exclusively learned, the expert with over 12 years of experience in financial law has become the new Chief Legal Officer (CLO) of the crypto market maker, which significantly increased its trading volume in 2024.
Lo Moves From
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Biden's Out: The Crypto Market's Uncertainty over Kamala Harris' Unknown Stance
On Sunday evening, US President Joseph Biden announced his not-so-surprising exit from the 2024 Presidential race, saying it was in “the best interest of [his] party and the country.” He also endorsed Vice President Kamala Harris's bid to run against the popular former US President Donald Trump, the Republican candidate.
Although Harris is a known political face—she ran with Biden for
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WazirX $230M Crypto Hack Shakes India's Crypto Scene: “Horrifying Situation”
A recent security breach at WazirX, resulting in a staggering $230 million loss, has sent shockwaves through India's cryptocurrency ecosystem. This incident has led to intense scrutiny of current security practices and crucial discussions about safeguarding digital assets in an increasingly risky environment. Users are concerned about the ease with which fraudsters can manipulate
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Spot Ether ETFs to Start Trading Today amid SEC’s Final Approval
The Securities and Exchange Commission (SEC) has provided final approval to spot Ethereum exchange-traded funds (ETFs), which will follow the listing and trading of these instruments on three American exchanges on July 23.
SEC Approves Ether ETF
The final stamp on the S-1 registration forms of the spot Ethereum ETF issuers came two months after the regulator
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Ethereum ETFs Reach $1B, Post 23% of Bitcoin Day-One Volume in US Debut
The highly anticipated spot Ethereum exchange-traded funds (ETFs) made their debut on U.S. exchanges, generating $1.08 billion in cumulative trading volume on their first day. Despite this impressive figure, the new products faced a mixed reception, with a net inflow of $106.6 million overshadowed by significant outflows from Grayscale's converted Ethereum Trust.
Ethereum ETFs Debut
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Crypto Exchange Bybit Targets Institutional Traders with 2 New Features
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has unveiled two new initiatives aimed at enhancing liquidity and facilitating large-scale transactions in the crypto market.
On Wednesday, the platform introduced both a liquidity matching program for spot markets and zero commissions for block trading.
Bybit Launches Spot Liquidity Pairing
The
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OKX to End Operations in Nigeria, Blames "Changes in Local Laws"
Cryptocurrency exchange OKX is discontinuing its services in Nigeria due to what it termed as changes in local regulations, Cointelegraph reported, citing emails sent to users. This surprise announcement followed months of gradual service reduction, culminating in a complete exit by mid-August.
A Complete Suspension of Operations
In the email sent to clients in Nigeria on July
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Why You Should Consider Investing in These Three Cryptocurrencies
Cryptocurrency investors are constantly on the lookout for the next big opportunity. While Bitcoin and Ethereum often dominate the headlines, other digital assets have garnered significant attention and support. Among these are Dogecoin, Toncoin, and Shiba Inu. Each of these cryptocurrencies has unique attributes and backing that make them intriguing options for investors.
I will share
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Nasdaq-Listed Bitcoin Miner Marathon Digital Buys $100M BTC, Citing Institutional Adoption
The Nasdaq-listed Bitcoin mining company Marathon Digital has purchased $100 million worth of Bitcoin and announced that it will adopt a new strategy of holding the digital asset. This step brings the company's total holdings to 20,000 BTC.
“HODL” Approach
In its statement today, the firm mentioned that it will adopt a full HOLD approach, a term referring to buying and holding
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Why Europol Blames Bitcoin and Artificial Intelligence for Cybercrime Boom
The use of cryptocurrencies in various criminal activities has become increasingly prevalent, according to Europol's latest Internet Organised Crime Threat Assessment (IOCTA) report released today (Monday). The European Union's law enforcement agency highlights the growing role of digital assets and artificial intelligence in cybercrime, signaling potential challenges for investigators and
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FCA Penalizes Coinbase's CBPL £3.5 Million for Violating High-Risk Customer Restrictions
CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for breaching a regulatory requirement. The fine is a result of CBPL's failure to comply with a rule that prevented it from offering services to high-risk customers.
CBPL, part of the Coinbase Group, operates a global cryptoasset
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Institutional Crypto Adoption Takes a Leap with Ethereum ETFs
The emergence of a new asset is a once-in-a-generation golden opportunity for investors. After the first meltdown, crypto is hot again, and TradFi has big plans for it.
The predicted yet unexpectedly swift approval of Ethereum ETFs by the SEC marks a new wave of institutional adoption of digital assets. It amplified the effect on the market from the BTC rally and the debut of its
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Largest Bitcoin Miner on Wall Street Ordered to Pay $138 Million
Marathon Digital Holdings, Inc., the largest Bitcoin mining company by market capitalization, has been ordered to pay $138 million in damages following a unanimous jury verdict in a breach of contract lawsuit.
Marathon Digital Hit with $138 Million Verdict in Contract Breach Case
The verdict, issued in a federal court, concluded that Marathon had breached a non-disclosure,
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Sygnum's Client Assets Hit $4.5 Billion amid Institutional Crypto Boom
The Swiss-based digital asset banking group Sygnum announced today (Thursday) that it has achieved profitability in the first half of 2024. This was driven by strong growth across its core business segments. The company also revealed plans for an expansion into the European Union market in early 2025.
Sygnum Reports Profitability and $4.5B in Assets
The
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HSBC Australia Blocks Crypto Transactions amid $171M Loss
HSBC's Australian branch has informed customers that it has begun blocking payments to cryptocurrency exchanges starting July 24. The bank cited scams as the reason for this action.
HSBC Blocks Crypto Payments
In a July 24 email to customers, HSBC Australia explained its “new safety measures.” The bank stated: “From 24 July 2024, HSBC will block payments from bank accounts and
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