FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms
<p> The Financial Services and Markets Authority (<a href=”https://www.financemagnates.com/tag/fsma/” target=”_blank”>FSMA</a>), Belgium’s financial market regulatory watchdog, flagged 30 <a href=”https://www.financemagnates.com/terms/o/online-trading/” target=”_blank” id=”93afd583-ea4d-45cf-a1e0-8d951e5d8f48_1″ class=”terms__secondary-term”>online trading</a> platforms offering...
How Blockchain, Digital assets, and Web3 Unlock Financial Inclusion Globally
<p>Albeit the world is aggressively progressing toward a digital economy, millions of people and communities lack even the most basic amenities. In Sub-Saharan Africa, for...
Binance Aims for $1 Billion Crypto Recovery Fund
<p class=”MsoNormal text-align-justify”>Binance, the world’s largest cryptocurrency exchange, is aiming to amass about $1 billion dollars in a crypto recovery fund targeted at purchasing distressed...
American regulators to investigate Genesis and other crypto firms
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states....
Binance Launches Proof of Reserves for Bitcoin
<p class=”MsoNormal text-align-justify”>Binance, the world’s largest cryptocurrency exchange by trading volume, on Friday launched the Proof of Reserves (PoR) for its Bitcoin (BTC) holdings in...
Bitget Opens in Seychelles, Wants to Double Staff Globally
<p> Bitget, a major cryptocurrency <a href=”https://www.financemagnates.com/terms/t/trading-platform/” target=”_blank” id=”f85800b2-ccf5-4f50-9e8e-780d32afc6f6_1″ class=”terms__main-term”>trading platform</a>, announced on Tuesday that it registered a new office in Seychelles to accelerate its...
FTX’s Collapse Troubles African Fintech Firms
<p class=”MsoNormal text-align-justify”>The collapse of the once-beloved cryptocurrency exchange, FTX, is having an impact on some fintech companies in Africa. </p><p class=”MsoNormal”>Days after FTX <a...
Finastra Enables Digitalization of OTC Derivatives
<p> Finastra, a provider of financial software apps, announced on Tuesday a partnership with Fragmos Chain, a blockchain technology platform, which will enable the digitalization...
Singapore Police Investigating Crypto Platform Hodlnaut for Fraud
<p>Singapore police are investigating local cryptocurrency lending and borrowing platform, Hodlnaut, and its directors for alleged cheating and fraud.</p><p>According to the official press release of...
Can LP Tokens Add Value to DeFi Lending Ecosystems?
<p>Currently, there is over $41 billion Total Value Locked on DeFi protocols. Decentralized exchanges and lending protocols accumulate the lion’s share of this TVL. However,...
