Bitfinex has recently come under scrutiny. The Financial Conduct Authority (FCA) raised concerns about the cryptocurrency exchange today (Friday), warning investors of potential risks associated with it. The regulator stated that Bitfinex may be promoting financial services or products without its permission. Finance Magnates contacted Bitfinex for comments. However, at the time of this publication, […]

… cryptocurrency firms — in response to the attack on Israel. Adeyemo said the “vast majority” of financial institutions want to help root out …

Gemini Trust Co. the cryptocurrency platform founded by the Winklevoss twins, has filed a lawsuit against Genesis Global Holdco LLC, a bankrupt cryptocurrency lending company. The dispute revolves around the ownership of a considerable amount of shares in the Grayscale Bitcoin Trust, which is estimated to be worth almost $1.6 billion. The dispute arose from […]

A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH). In a new thread on the social media platform X, crypto analytics firm Santiment says that nine altcoins – including Polygon (MATIC), Decentraland (MANA), Fantom (FTM), and Pepe (PEPE) […]

The Wall Street Journal (WSJ) has partially corrected an article which mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies. The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to say Palestinian Islamic Jihad […]

Solana (SOL), Ethereum (ETH), Chainlink (LINK), Polygon (MATIC), and other crypto assets have been transferred by FTX

Privacy is a complicated subject. It’s not always a simple binary thing, private or not private, seen or unseen. Seen by whom? Private from whom? Private to what degree? If you are walking down the street with a mask on your face no one can see your face, so that means you are private, right? […]

Changpeng Zhao, widely known as CZ and the founder of Binance, one of the largest cryptocurrency exchanges, has suffered a significant blow to his fortune. According to a recent Bloomberg report, CZ’s wealth plummeted by $12 billion due to the ongoing slump in crypto-trading activities.  Per the report, this decline was primarily attributed to a […]

Elliptic, the firm which Wall Street Journal sourced the data from, said it was “pleased” to see the news outlet acknowledge its mistakes.

In response to the widespread interest and concern generated by its proposed crypto reporting regulations, the Internal Revenue Service (IRS) has decided to extend the comment period by an additional two weeks. This move grants stakeholders more time to express their opinions, with the new deadline of November 13, 2023. Previously, stakeholders were required to […]

Sam Bankman-Fried (SBF) faced the jury yesterday (Friday) and acknowledged the widespread fallout when the cryptocurrency exchange FTX, which he co-founded, crumbled. BBC reported that the 31-year-old entrepreneur, accused of deceiving investors and embezzling customer funds, opened up about his actions and decisions that led to this point. “A lot of people got hurt, customers, […]

A federal judge in Arizona on Monday gave a Florida man 2-and-a-half years in prison for conspiring to commit computer fraud and steal cryptocurrency.

The Federal Reserve’s Vice Chair for Supervision, Michael S. Barr, recently reiterated his calls for greater regulation of stablecoins. While his stance is rooted in the “protection” of financial “stability” and payment system “integrity”, it raises several concerns that warrant a critical examination. Barr argues that stablecoins, being pegged to government-issued currencies, “borrow the trust […]

SEC Commissioner Hester M. Peirce, known as “Crypto Mom”, voices her strong dissent against the Commission’s action toward Ripple ally LBRY

Crypto asset providers, such as crypto exchanges, will also be given a legal definition.

HodlX Guest Post  Submit Your Post   The US Federal Reserve is making headway in the promising landscape of CBDCs (Central Bank Digital Currencies). The aim here is to redefine financial ecosystems and enhance the user-friendliness of digital transactions. Fintech innovators acknowledge the advantages yet also recognize that the conversation around CBDCs is far from one-sided. […]

Coin Bureau host Guy Turner is warning that Bitcoin (BTC) is not immune from the laws of diminishing returns. Turner tells his 2.34 million YouTube subscribers that, based on the flagship crypto asset’s historical gains, Bitcoin could soar by around 250% from its current level during the next crypto bull market. “There are many ways […]

Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign, as users have reported receiving phishing emails. The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to users to a phishing attack targeting Trezor customers. ZachXBT referred to an X (formerly Twitter) post from the account JHDN, which alleged that […]

The atmosphere at Bitcoin Amsterdam, organised by Bitcoin Magazine, starkly contrasted with the real guts and heart of the movement headlined by Edward Snowden and Stella Assange, both lives have been profoundly impacted by the struggle against censorship. This isn’t to diminish the buzzing hope and optimism of the conference with over 2,000 attendees, rather, […]

Trellor (TRB) has been one of the winners of the recent crypto market rally after going from a monthly low of $43 to over $115 in less than two weeks. This impressive rally has triggered heightened interest in the cryptocurrency leading to more momentum for the digital asset. However, not everyone is buying into this […]

U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on Friday that crypto plays a relevant, but still relatively minor role in global terrorist financing operations. His comments bear a stark contrast to claims from a massive lineup of congresspeople earlier this month, asserting that crypto is responsible for over $130 million in Hamas […]

Taiwan has taken its initial steps towards the regulation of digital assets by presenting a crypto bill to the Legislative Yuan for its first reading. The proposed legislation, known as the Virtual Asset Management Ordinance Draft bill, aims to define virtual assets, establish operational standards for asset operators, ensure customer protection, and mandate membership in […]

The world of cryptocurrency has witnessed remarkable growth in recent years, attracting both retail and institutional investors.

Elon Musk envisions X as an all-encompassing financial platform, embracing every aspect of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts.

A top crypto trader says that Ethereum (ETH) competitor Solana (SOL) is setting the stage for a breakout after an initial rally. Pseudonymous analyst DonAlt tells his 53,900 YouTube subscribers that SOL appears likely to break through a key resistance level. However, he says SOL’s move to the upside is likely contingent on Bitcoin (BTC) holding […]

Shibarium eyes jaw-dropping 493% surge in transactions, coinciding with remarkable 15% rally in Shiba Inu token’s price

We are pleased to announce the appointment of Bivu Das as our new UK Managing Director. Bivu brings nearly two decades of commercial enterprise and fintech strategy development experience to Kraken. His arrival coincides with the UK making important strides to become a globally recognised crypto hub. Bivu will oversee our extensive network of regulatory, […]

In what is seen to be a monumental move, dYdX, a layer-2 decentralized exchange (DEX), is open-sourcing its code as the platform prepares to implement v4. The exchange has a total value locked (TVL) of over $353 million, according to DeFiLlama. dYdX Open-Sourcing Code Ahead Of V4 According to an X post on October 24, dYdX […]

An analyst who nailed the top of Bitcoin’s (BTC) 2021 bull market thinks that altcoins are setting the stage for an explosive rally. Pseudonymous analyst Pentoshi tells his 705,600 followers on the social media platform X that some alts could soar for as long as six weeks. “I do think we get a mini alt […]

The cryptocurrency market has always been a source of interest and speculation, with Bitcoin serving as its flagship asset. Following a spectacular bull market in 2017, followed by a prolonged bear market, Bitcoin enthusiasts and investors are continually looking for indicators of the next great price spike. As we negotiate the ever-changing crypto market landscape, […]

In the ever-evolving landscape of cryptocurrency, meme coins have become a force to be reckoned with. Among them, three contenders—Pepe, Floki, and …

A widely followed crypto analyst is issuing a warning that altcoins may fizzle out if Bitcoin (BTC) continues its upward momentum. Crypto strategist Credible Crypto tells his 348,400 followers on the social media platform X that altcoin pumps are going to peter out if the king crypto can continue climbing, though he did not name […]