Coinbase Beats Market Expectations despite Drop in Q4 Transaction Revenue
<p>Crypto exchange Coinbase (Nasdaq: COIN) reported a loss of $557 million in the fourth quarter of 2022 as the net revenue plummeted 75 percent year-over-year...
Deutsche Bank Works on Tokenized Trading Platform, Finishes Trial Phase
<p>The Singaporean branch of Deutsche Bank has announced the successful finish of Project DAMA’s (Digital Assets Management Access) proof-of-concept phase. DAMA was designed in cooperation...
Regulator Investigates Binance Australia’s Derivatives Business
<p>The Australian Securities and Investments Commission (ASIC) is reviewing the derivatives services of Binance Australia after <a href=”https://www.financemagnates.com/cryptocurrency/exchange/binance-launches-fiat-to-crypto-trading-platform-in-australia/” target=”_blank” rel=”follow”>the crypto exchange closed the derivatives...
The Impact of CBDCs on the Banking Industry
<p>Central Bank Digital Currencies (CBDCs) are digital representations of a country’s fiat currency issued and backed by the central bank. CBDCs are intended to be...
FTX Japan Users Withdrew $50 Million in a Day
<p>The users of FTX Japan withdrew roughly 6.6 billion yen (around $50 million) within a day of resuming withdrawals through the web platform of Liquid...
The Bitcoin ETF Debate
<p>Bitcoin, the world’s largest cryptocurrency by market capitalization, has sparked heated debate over its regulation and acceptance. One of the major points of contention is...
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
<p>The list of cryptocurrency platforms that want to obtain new cryptocurrency trading licenses in Hong Kong is getting longer. After <a href=”https://www.financemagnates.com/cryptocurrency/huobi-to-launch-huobi-hong-kong-crypto-exchange-amid-regulatory-update/” target=”_blank” rel=”follow”>Huobi decided...
Are NFTs Still Good Investment Opportunities?
<p>NFTs (Non-Fungible Tokens) have received a lot of attention in recent years, thanks to the buzz surrounding multi-million-dollar sales of digital art pieces like Beeple’s...
HIVE Blockchain Reports $90m Loss in Q4 2022 amid Lower Bitcoin Prices
<p>HIVE Blockchain Technologies Ltd. (<a href=”https://www.financemagnates.com/tag/hive-blockchain-technologies/” target=”_blank” rel=”follow”>TSX:HIVE</a>), a publicly-listed <a href=”https://www.financemagnates.com/terms/c/crypto-mining/” class=”terms__main-term” id=”b7de0d78-81b9-460d-b33d-311d7d0dff0e” target=”_blank”>crypto mining</a> company, has published a quarterly report for the three-month...
The Rise of DeFi: How Ethereum is Leading the Way
<p>Decentralized finance, or DeFi, is a rapidly expanding sector of the blockchain industry with the potential to transform traditional financial systems. Ethereum, the second-largest cryptocurrency...