FTX’s Binance rescue deal falls apart in less than 48 hours
Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement....
Binance’s victory over FTX means more users moving away from centralized exchanges
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users....
ASIC Heralds 12 ‘Enforcement Priorities’ for 2023, including Crypto
<p> The Australian Securities and <a href=”https://www.financemagnates.com/terms/e/exchange/” target=”_blank” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6_1″ class=”terms__main-term”>Exchange</a> Commission (<a href=”https://www.financemagnates.com/tag/asic/” target=”_self”>ASIC</a>) published a list of Enforcement Priorities for 2023 on Thursday. It...
Navigating the Legal Territory of NFT: What to Look Out For?
<p>According to blockchain analytics company Dune Analytics statistics, the market for Non-Fungible Tokens (NFTs) plummeted from its peak of $17 billion in early 2022 to...
Bakkt Aims Fintech Expansion with a $200 Million Acquisition Deal
<p>Bakkt Holdings (NYSE: BKKT), the cryptocurrency subsidiary of Intercontinental Exchange, is aiming to bolster its cryptocurrency and expand into other areas like <a href=”https://www.financemagnates.com/terms/f/fintech/” target=”_blank”...
Germany’s BaFin Orders Coinbase to Improve ‘Organizational Deficiencies’
<p>Germany’s financial market regulator ordered the local unit of <a href=”https://www.financemagnates.com/tag/coinbase/” target=”_blank”>Coinbase </a>to ensure “proper business organization” following deficiencies in an annual audit of the...
ASIC Shows How to Spot a Cryptocurrency Scam
<p> The Australian Securities and Exchange Commission (<a href=”https://www.financemagnates.com/terms/a/asic/” target=”_blank” id=”dfb41d67-b79e-4b09-b365-1f341b85a51b_1″ class=”terms__main-term”>ASIC</a>) published a list of the top ten potential cryptocurrency scam signs on Tuesday....
Robinhood Shares Drop 20% After FTX Turmoil
<p class=”MsoNormal”>The share price of NASDAQ-listed zero-free trading app Robinhood (<a href=”https://www.financemagnates.com/tag/robinhood/”>ticker:HOOD</a>) fell 19% on Tuesday after information that Binance, one of the leading cryptocurrency...
FTX and Binance: an Epic Drama
<p>The crypto world may have spent the whole of 2022 in bear market conditions, but there has been plenty of drama, and as we approach...
Robinhood Reports Loss of $175m in Q3 2022, Crypto Revenue Declines
<p> Robinhood, a major US commission-free stock trading and investing app, reported a net loss of $175 million during the third quarter of 2022. Although...