Dormant Ethereum Supply Reaches All-Time High
<p>Ethereum, the world’s second most valuable digital currency, witnessed a strong jump in its price over the weekend. On Monday, ETH touched $1,770, which is...
The United States Blacklisted Tornado Cash, the Crypto Industry Reacts
<p>The United States sanctioned the infamous coin mixing service, Tornado Cash (website is currently offline). In May the US Department of the Treasury’s Office of...
Coinbase Posted over $1 Billion Losses in Q2 2022
<p>Coinbase crypto exchange reported significant losses in Q2. The exchange posted a loss of over $1 billion while missing analysts’ forecasts.</p><p>- Loss of $4.98 per...
ASA Shows Red Card to Arsenal FC for Misleading Crypto Ads
<p>The UK’s advertising watchdog, the Advertising Standards Authority (ASA), has banned two advertisements by the Premier League football club, Arsenal for its crypto-based fan token...
Privacy, Crime and Tornado Cash
<p>A new battleground is opening in crypto around the necessity of privacy, and how to go about securing financial confidentiality when using a public blockchain.</p><p>...
The SEC and CFTC Propose Amending Form PF, Cryptocurrency Exposure to Be Included
<p>The US Commodity Futures Trading Commission (CFTC) and the <a href=”https://www.financemagnates.com/cryptocurrency/us-sec-charges-4-co-founders-7-others-in-cross-country-300m-crypto-scheme/” target=”_blank”>Securities and Exchange Commission</a> (SEC) voted in favour of amendments to Form Private Fund...
Nuri Files for Insolvency as Crypto Fundraising Reached $30.3 Billion in H1 2022
<p>The German cryptocurrency exchange, Nuri affirmed it has filed for insolvency on 9 August 2022. Earlier this year, Nuri was already experiencing difficulties, which led...
Abrdn Acquires Stake in Archax
<p>In an official announcement on 12 August, Archax confirmed that abrdn has signed a deal with the company to become its largest external shareholder. Archax...
Best Cryptocurrency Networking Events in UK
<p class=”MsoNormal”>As the cryptocurrency industry continues to evolve, many cities are vying for the status of the next hub for digital assets. To date, London...
Revolut Gains CySEC’s Approval to Offer Cryptocurrency Services
<p>Digital bank Revolut has been authorized by <a href=”https://www.financemagnates.com/terms/c/cysec/” target=”_blank” id=”37d97d82-59f8-4ce2-94d2-21c5bdc82663_1″ class=”terms__main-term”>CySEC</a> to offer crypto services as a crypto-asset service provider. The approval is allowing...