CryptoCurrency – Finance Magnates | Financial and business news
Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage's UK entity can now trade four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.Expansion of Crypto TradingAnnounced today...
Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the brokerage has announced its first crypto staking services for Solana holders, which will be available only to its customers in Europe.Robinhood's First Crypto Staking ServiceApart...
The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of the popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that Tornado Cash enables "criminal activity and terrorism" by concealing the origin, destination and...
A court in the United Kingdom has ordered the winding up of Amey Finance Academy, which offered cryptocurrency investment advice, after many of its customers lost their money. The company even had ties with a $1.7 billion crypto Ponzi scheme and told one of its customers that its advice was “100 certy” and “trust me bro.”A Shutdown Order by the CourtThe...
Paxos, a regulated blockchain and tokenization infrastructure platform, announced today the appointment of J. Christopher Giancarlo, former Chairman of the US Commodity Futures Trading Commission (CFTC), to its board of directors.Paxos Scores Regulatory Heavyweight from CFTCGiancarlo, a respected figure in the financial services industry and a...
After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volume fell from $2.1 trillion in March to just under $1.3 trillion in April.Cryptocurrency Exchange...
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