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CryptoCurrency

Signature Bank's Crypto Depositors Get April 5 Account Closure Deadline

They must find a new banking partner, or the accounts will be automatically closed.
Flagstar Bank did not acquire Signature's business with crypto firms.

Wednesday, 29/03/2023 | 05:57 GMT by Arnab Shome

CryptoCurrency

OKX Becomes Another Crypto Exchange to Start HK Branch

The second-largest crypto exchange is moving to Hong Kong and seeking local licensing.
Hong Kong will soon regulate the industry and allow retail crypto trading.

Tuesday, 28/03/2023 | 09:21 GMT by Damian Chmiel

Regulation

Coinbase Expects Enforcement Action amid SEC's Wells Notice

The Wells Notice only shows the intention of the SEC staff to bring an enforcement action.
Coinbase executives criticized the regulator for being opaque.

Thursday, 23/03/2023 | 06:10 GMT by Arnab Shome

Op-ed

CryptoCurrency

Op-ed

Is There an Operation to Bring Down Crypto?

There are theories that the crypto industry is being targeted in an anti-crypto operation.
Theories around anti-crypto hostility overlook problems within the crypto industry itself.

Monday, 20/03/2023 | 15:30 GMT by Sam White

Education Center

Crypto for the Unbanked: Can Digital Currencies Solve Financial Inclusion?

The potential for digital currencies to address financial exclusion is massive.

Thursday, 16/03/2023 | 15:28 GMT by Finance Magnates Staff

Innovation

Cryptocurrency Insurance: The Pros and Cons of Protecting Your Assets

Is crypto insurance feasible?

Friday, 10/03/2023 | 15:43 GMT by Finance Magnates Staff

Innovation

Integrating Cryptocurrencies in E-Commerce: Opportunities and Risks in 2023

What will the future hold for E-commerce?

Thursday, 09/03/2023 | 19:50 GMT by Finance Magnates Staff

CryptoCurrency

Silvergate Bank Announces Voluntary Liquidation amid Troubles

The bank is facing inquiries from US regulators and prosecutors.
It discontinued its internal settlement network last week.

Thursday, 09/03/2023 | 07:31 GMT by Arnab Shome

Regulation

The Regulatory Landscape of Crypto: Global Developments and Implications

Can regulations and crypto coexist?

Wednesday, 08/03/2023 | 15:18 GMT by Finance Magnates Staff

Exchanges

Crypto Exchange Hacks and Insurance: Risks, Coverage, and Limitations

Crypto exchanges aren't risk free. Get to know why.

Tuesday, 07/03/2023 | 13:32 GMT by Finance Magnates Staff

Education Center

Banking the Unbanked with Cryptocurrency: Risks and Rewards

Financial inclusion or predatory inclusion?

Monday, 06/03/2023 | 17:01 GMT by Finance Magnates Staff

Education Center

Crypto Wallet Security and Best Practices

Don't overlook this

Thursday, 23/02/2023 | 16:26 GMT by Finance Magnates Staff

CryptoCurrency

US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme

They are facing charges of conspiracy to commit wire fraud.
The SEC also brought fraud charges against the four and another seven individuals.

Thursday, 23/02/2023 | 06:07 GMT by Arnab Shome

News

Coinbase Beats Market Expectations despite Drop in Q4 Transaction Revenue

The exchange closed the quarter with an adjusted $2.46 per share loss.
It generated $120 million in transaction revenue in January 2023.

Wednesday, 22/02/2023 | 09:13 GMT by Arnab Shome

CryptoCurrency

Former NBA Star Paul Pierce Pays $1.4M Fine for Endorsing EMAX Tokens

EMAX tokens, offered and sold by EthereumMax, were unregistered securities.
The SEC earlier charged Kim Kardashian for promoting the same tokens.

Monday, 20/02/2023 | 07:38 GMT by Arnab Shome

CryptoCurrency

CFTC Busts California Firm and CEO for $7M Crypto Ponzi Scheme

The scheme offered the investors a daily return of at least 2.5 percent.
It claimed to be using "Robot Traders" to trade with customers' digital assets.

Friday, 17/02/2023 | 08:06 GMT by Arnab Shome

CryptoCurrency

ASIC Puts Crypto in Its 2023 Enforcement Priorities

The regulator took several enforcement actions against crypto firms last year.
It also kept sustainable finance and cyber risks on its priorities list.

Wednesday, 15/02/2023 | 08:52 GMT by Arnab Shome

CryptoCurrency

EminiFX Leader Pleads Guilty to $248 Million FX and Crypto Fraud

The platform promised a weekly return of at least 5 percent.
It degraded tens of thousands of individual investors.

Monday, 13/02/2023 | 12:03 GMT by Arnab Shome

Retail FX

Robinhood Q4 Crypto Revenue Dips, Board Approves Buyback of SBF Stocks

Crypto revenue on the platform dipped in the last two consecutive quarters.
It narrowed its net quarterly losses to $166 million.

Thursday, 09/02/2023 | 10:06 GMT by Arnab Shome

CryptoCurrency

StarOptions and B2G Promoter Gets 60 Months in Prison for Fraud

Both schemes were fraudulent and received millions from investors.
B2G even promised an 8,000 percent annual return from its ICO.

Wednesday, 01/02/2023 | 06:23 GMT by Arnab Shome

CryptoCurrency

South Africa Mandates Risk Warnings in Crypto Ads

Platforms need to clarify that past performance of cryptos is not indicative of the future.
Influencers need to be cautious with their crypto endorsements.

Monday, 23/01/2023 | 10:43 GMT by Arnab Shome

CryptoCurrency

Genesis is Reportedly Preparing to File for Bankruptcy within Days

It is one of the many companies to collapse along with FTX.
The SEC recently charged Genesis and Gemini for selling unregistered securities.

Thursday, 19/01/2023 | 08:10 GMT by Arnab Shome

CryptoCurrency

UK Sends a Gang of Four to Prison for £21M Crypto Fraud

They fraudulently obtained the cryptocurrencies using a loophole on an Aussie crypto exchange.
The mastermind of the fraud, who alone siphoned off £15 million in crypto, died in January 2021.

Monday, 16/01/2023 | 06:33 GMT by Arnab Shome

CryptoCurrency

US Court Orders $17M Restitution Distribution to 800 BitConnect Victims

The scheme defrauded around 4,000 investors of $2.4 billion.
The classic Ponzi scheme promised an annualized return of 3,700 percent.

Friday, 13/01/2023 | 10:12 GMT by Arnab Shome

CryptoCurrency

US DoJ and SEC Are Reportedly Probing Digital Currency Group

The authorities have not filed any indictment yet.
A DCG spokesperson denied any knowledge of such investigations.

Monday, 09/01/2023 | 08:24 GMT by Arnab Shome

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