BlockFi on the Brink of Bankruptcy? Another Victim of FTX Collapse
<p class=”MsoNormal”>BlockFi Inc., a popular cryptocurrency lender, is currently preparing for alleged <a href=”https://www.financemagnates.com/terms/b/bankruptcy/” target=”_blank” id=”41b3ef0d-d805-441d-8443-121890264e94_1″ class=”terms__main-term”>bankruptcy</a> proceedings, the Wall Street Journal (WSJ) said yesterday,...
Mercedes F1 Puts FTX’s Sponsorship Deal on Hold, Drops Logo from Cars
<p>Mercedes Formula 1, the international racing team of the German luxury car manufacturer, Mercedes-Benz, has suspended its sponsorship deal with the beleaguered Bahamas-based cryptocurrency exchange,...
Defi VS Cefi: Charting New Landscape?
<p class=”MsoNormal”>Finance Magnates London Summit (FMLS) will kick off just one week from today. Now in its tenth year of operation, the event will take...
FTX’s CySEC License Suspension Likely to Start Wider Regulatory Audits
<p>The Cyprus Securities and Exchange Commission (CySEC) has suspended the license of FTX (EU) Ltd, a Cyprus Investment Firm (CIF) which gained authorization two months...
Bitget Raises Protection Fund to $300m after FTX Turmoil
<p> Bitget, a popular cryptocurrency platform, announced on Tuesday that it had increased the amount of the current Protection Fund to $300 million. After the...
Old Arguments Resurface Around Crypto and CBDCs
<p>If someone told you they need to monitor and regulate your phone calls, or possibly even restrict the use of phones altogether, because criminals also...
HIVE Revenues Down 45% in Q3 Despite Higher BTC Production
<p> HIVE Blockchain Technologies Ltd. (<a href=”https://www.financemagnates.com/tag/hive-blockchain-technologies/”>NASDAQ:HIVE</a>), a cryptocurrency mining company focused on green energy, announced on Wednesday its financials for the third quarter of...
Abu Dhabi Grants Permission to Binance to Offer Custodial Services
<p class=”MsoNormal text-align-justify”>The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted Financial Services Permission (FSP) to Binance, the world’s...
Breaking: FTX Hacked: $1bn Drained from FTX and FTX US Accounts So Far
<p>The FTX drama continues.</p><p>Just hours after <a href=”https://www.financemagnates.com/cryptocurrency/troubled-ftx-files-for-bankruptcy-as-ceo-bankman-fried-resigns/” target=”_blank”>FTX crypto exchange filed for Chapter 11 bankruptcy and Sam Bankman-Fried resigned as the CEO</a>, over $600...
Binance Labs Supports Web3 Gaming, Invests in Ultimate Champions
<p> Binance Labs, the accelerator and venture capital arm of the <a href=”https://www.financemagnates.com/terms/c/cryptocurrency-exchange/” target=”_blank” id=”601e2e5f-0c28-4253-9ad4-5e6b251ba2fa_1″ class=”terms__main-term”>cryptocurrency exchange</a>, Binance, announced on Tuesday that it has made...