<p>While still far from the kind of dizzying bull run that characterized 2021, NFTs have been enjoying an optimistic start to the year. There’s no froth, at the moment, and the atmosphere is relaxed, but there’s plenty of development, trades are happening, and some collections have seen their prices buoyant and rising.</p><p> Underlying...
14h
<p>The second half of 2022 brought a visible slump in investments from VCs (venture capitalists) across all significant blockchain industry sectors, according to the newest report published by Cointelegraph Research.</p><p>Although the value of funding raised for the entire year was greater than $5 billion, which was higher than...
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<p>The leading digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> Coinbase has been slapped with a hefty $3.3 million fine by the Dutch central bank, De Nederlandsche Bank (DNB). A fine of an identical amount was...
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<p class="MsoNormal">Crypto KYC has become far more commonplace in 2023. This is due to crypto companies becoming an increasingly significant element of the financial system, while terms like BTC, ETH, of NFTs have also become broadly known across the world.</p><p class="MsoNormal">Virtual asset service providers (VASPs for short)...
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<p>Luno, the digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> based in London, announced a massive workforce reduction yesterday, feeling the harmful effects of the prolonged crypto winter and turbulence in the...
1d
<p>A Trojan Horse is an object that looks inviting or desirable but is used to smuggle in something hidden that the receiver wouldn’t otherwise have accepted.</p><p> In the world of crypto, Bitcoin’s price action has been referred to as a Trojan Horse. In this case, buyers are first attracted by the digital currency’s historically...
2d
<p>Bankrupt crypto lending platform, BlockFi has mistakenly uploaded uncensored financial information, revealing its exposure to $1.2 billion to the now-collapsed FTX and Alameda Research, <a href="https://www.financemagnates.com/cryptocurrency/blockfi-sues-sam-bankman-fried-over-robinhood-stock-collaterals/" target="_blank" rel="follow">two...
2d
<p>Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing customers’ funds and the collateral of some of the tokens it issues by "mistake." </p><p>According to Bloomberg, Binance issued 94 Binance-peg tokens, also called ‘B-Tokens’. However, almost half of the reserves of these tokens are kept...
3d
<p>Japan intends to allow local investors to trade foreign stablecoins, such as USD Coin (USDC) or Tether (USDT), by the end of the second quarter of 2023 at the latest, The Financial Services Agency (<a href="https://www.financemagnates.com/tag/fsa/" target="_blank" rel="follow">FSA</a>) reported.</p><p>Stablecoins and...
3d
<p>Bitfinex, one of the leading crypto exchanges, has become the first client for Tap Global and its newest Cards-as-a-Service (CaaS) platform. With the latest B2B product, companies can offer their clients prepaid debit cards to enhance their offerings.</p><p>Tap Global Partners with Bitfinex</p><p>According to Tuesday's...
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