Cayman Islands Updates Crypto Rules: Trading, Custody Providers Must Obtain Licences - Finance Magnates, crypto, ctf, virtual, three, Crypto

Cayman Islands Updates Crypto Rules: Trading, Custody Providers Must Obtain Licences

The Cayman Islands has updated its crypto regulatory regime, introducing new licensing rules through a legislative amendment. From 1 April 2025, entities offering virtual asset custody and trading platform services in or from the Cayman Islands must

Japan Opens Doors to Foreign Stablecoins: USDC to Begin Trading on March 12 - Finance Magnates, vc, trade, japan, usdc, bitcoin, stablecoin, Crypto, circle

Japan Opens Doors to Foreign Stablecoins: USDC to Begin Trading on March 12

Japan is taking a significant step forward in stablecoin adoption, with SBI VC Trade securing regulatory approval to list Circle's USDC. This marks the first time a foreign dollar-pegged stablecoin will be legally distributed in the country. Under Ja

Can Cardano Reach $10? Trump’s Crypto Reserve Sends ADA Surging 64% - Finance Magnates, cardano, whales, trump, ada, bitcoin, donald trump, ethereum, xrp, solana, doge, Crypto, crypto, dogecoin, eth

Can Cardano Reach $10? Trump’s Crypto Reserve Sends ADA Surging 64%

Cardano’s ADA token skyrocketed 64% today (Monday), boosted by a game-changing announcement from President Donald Trump. The U.S. government will establish a strategic crypto reserve, including ADA alongside XRP, Solana (SOL), Bitcoin (BTC), and Ethe

SEC Drops Coinbase Lawsuit as Crypto Task Force Promises Regulatory Clarity - Finance Magnates, crypto, donald trump, Crypto, sec, america

SEC Drops Coinbase Lawsuit as Crypto Task Force Promises Regulatory Clarity

The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Coinbase, marking a significant shift in its approach to regulating the cryptocurrency industry. The move comes as the agency launches the Crypto Task Force, which ai

OKX Pleads Guilty to Illegally Operating in the US: Pays $505 Million - Finance Magnates, million, based, Crypto, one

OKX Pleads Guilty to Illegally Operating in the US: Pays $505 Million

Crypto exchange OKX has pleaded guilty and settled with the US Justice Department by paying more than $504 million for offering services to US-based clients without obtaining a money transmitter licence. The settlement was made with Seychelles-based

Bybit Offers $140M Bounty as Crypto Industry Rallies After Historic Hack - Finance Magnates, eth, one, Crypto, crypto

Bybit Offers $140M Bounty as Crypto Industry Rallies After Historic Hack

Bybit faced one of the largest security breaches in crypto history, but rather than standing alone, the exchange witnessed an extraordinary wave of industry-wide support. The exchange reportedly lost more than $1.4 billion in liquid-staked Ether (ETH

VARA Warns on Memecoins as Capitalization Hits $120B: MOEI Partners with Shiba Inu - Finance Magnates, shiba inu, shiba, inu, vara, meme, Crypto

VARA Warns on Memecoins as Capitalization Hits $120B: MOEI Partners with Shiba Inu

Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins. This alert follows the recent partnership between the UAE Ministry of Energy

Why Dogecoin (DOGE) is Up: Crypto Traders Bet on Price Rally as ETF Speculation Grows - Finance Magnates, dogecoin, doge, musk, Crypto

Why Dogecoin (DOGE) is Up: Crypto Traders Bet on Price Rally as ETF Speculation Grows

Dogecoin's price movements have been anything but stable, yet there is optimism the meme coin is primed for a major rally. Recent predictions place DOGE's next peak anywhere between $2.20 and $4, with influential traders highlighting the current rang

Bulgaria Emerges Over Lithuania as Bitget's Compliance Hub in MiCA Preparations - Finance Magnates, 2024, Crypto

Bulgaria Emerges Over Lithuania as Bitget's Compliance Hub in MiCA Preparations

Cryptocurrency exchange Bitget has received regulatory approval to operate as a Virtual Asset Service Provider (VASP) in Bulgaria. The license permits the company to offer trading, custody, and other digital asset services as it prepares for broader

Gemini to Offer Crypto Perpetuals under New MiFID II License: Is CFDs Next? - Finance Magnates, crypto, Crypto

Gemini to Offer Crypto Perpetuals under New MiFID II License: Is CFDs Next?

Cryptocurrency exchange Gemini, which recently selected Malta as its European hub, has received in-principle approval for an Investment Firm licence from the Malta Financial Services Authority (MFSA).A Pan-European Derivatives LicenceOnce the licence

Crypto Fraud Losses Fall, But Hacking Sees a 17% Jump in 2024 - Finance Magnates, tron, usdt, one, monero, crypto, 2024, Crypto

Crypto Fraud Losses Fall, But Hacking Sees a 17% Jump in 2024

Despite a booming cryptocurrency market surpassing $10.6 trillion in transaction volume, illicit crypto activity saw a notable decline in 2024. Estimated at $45 billion, the volume of illicit transactions fell 24% year-over-year, accounting for just

Why Litecoin is Going Up: LTC Leads Market Gains with 11% Jump - Finance Magnates, litecoin, ltc, Crypto, etf, xrp, sec

Why Litecoin is Going Up: LTC Leads Market Gains with 11% Jump

The cryptocurrency market remained relatively quiet over the past 24 hours, with most major digital assets showing minor losses or consolidation. However, Litecoin (LTC) stood out with a strong rally, gaining more than 10% and emerging as the best pe

Will Bitcoin Reach $1 Million? BTC Miner CEO Shares Ambitious 2030 Prediction - Finance Magnates, 2024, ai, bitcoin, Crypto, gold, million, tech, one

Will Bitcoin Reach $1 Million? BTC Miner CEO Shares Ambitious 2030 Prediction

The cryptocurrency market could see Bitcoin (BTC) price reach an unprecedented milestone of $1 million per coin by 2030, potentially matching gold's current market capitalization of $19.3 trillion, according to a bold prediction from a prominent tech

Bitcoin Price Prediction: ETF Inflows Surge, but BTC Struggles Below $100K - Finance Magnates, bitcoin, ltc, surge, litecoin, solana, ethereum, Crypto, ibit, dogecoin, trump, etf, xrp, 2024

Bitcoin Price Prediction: ETF Inflows Surge, but BTC Struggles Below $100K

Since the US securities regulator approved spot Bitcoin ETFs, the funds have posted record performance in the recent past. Investor enthusiasm for such funds reached an unprecedented level, with net flows soaring more than 100%. According to a report

Kraken Gains MiFID License Through CySEC Approved Cypriot Firm Purchase - Finance Magnates, crypto, Crypto, ftx

Kraken Gains MiFID License Through CySEC Approved Cypriot Firm Purchase

Kraken has announced the acquisition of a Markets in Financial Instruments Directive (MiFID) license in the EU. The license was obtained through the purchase of a Cypriot Investment Firm, recently approved by the Cyprus Securities and Exchange Commis

Kraken Brings Back Staking Services in the US as Regulatory Pressure Eases - Finance Magnates, crypto, sec, eth, eigenlayer, ethereum, solana, Crypto

Kraken Brings Back Staking Services in the US as Regulatory Pressure Eases

The crypto regulatory landscape in the US has shifted, and Kraken is seizing the moment. The crypto exchange reintroduced on-chain staking for American customers, marking a major comeback after regulatory pressure forced it to shut down staking servi

MiCA Compliance Race: Crypto.com to Delist Tether and Nine Other Tokens - Finance Magnates, cdceth, dai, tether, crypto, paypal usd, wrapped bitcoin, usdt, Crypto

MiCA Compliance Race: Crypto.com to Delist Tether and Nine Other Tokens

Crypto.com will delist Tether’s USD-pegged stablecoin, USDT, along with nine other tokens, to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, CoinTelegraph reported today (Wednesday).In addition to USDT, the nin

BTCUSD Eyes Breakout: CNB Weighs $7B Bitcoin Purchase While China Offloads $20B - Finance Magnates, huobi, bank, three, bitcoin, btcusd, Crypto, cnb, ai, h1

BTCUSD Eyes Breakout: CNB Weighs $7B Bitcoin Purchase While China Offloads $20B

The Czech National Bank (CNB) is considering Bitcoin as part of its reserve diversification strategy, while China has reportedly sold a significant portion of its holdings. The CNB board is set to review the proposal at a meeting on January 30, accor

Binance Faces Fresh Trouble in France: Probe Alleges Fraud, Money Laundering - Finance Magnates, Crypto, money, changpeng zhao, crypto

Binance Faces Fresh Trouble in France: Probe Alleges Fraud, Money Laundering

Binance is facing yet another regulatory storm in France. The country's authorities have now launched a criminal investigation against crypto exchange, alleging tax fraud, money laundering, and illegal operations tied to drug trafficking. According t

KuCoin Token Surges 10% Despite $297 Million US Settlement - Finance Magnates, bitcoin, million, Crypto, kcs, kucoin

KuCoin Token Surges 10% Despite $297 Million US Settlement

Major digital asset exchange KuCoin has admitted to operating without proper licenses and agreed to pay $297.4 million in penalties, marking one of the largest settlements in crypto enforcement history.KuCoin Pleads Guilty, Agress to Pay Almost $300M