Lebrija, a small city in the Sevilla province of Spain, has introduced a cryptocurrency named Elio to support local transactions among residents and merchants. The…
Cryptocurrency Broker Voyager Digital Faces Cyberattack
The cryptocurrency firm, Voyager Digital became the latest victim of the cyberattacks after its domain name system server got compromised on Monday. The company forcefully…
Grayscale Reaches $19 Billion in Crypto Assets under Management
Grayscale, the world’s largest crypto asset management company, has released its latest numbers and mentioned that the total crypto assets under management have reached $19…
Brexit: Croatia’s Hanfa to Deregister 800 Firms from UK, Gibraltar
As the European financial market regulators are preparing for Brexit, the Croatian has announced that it is going to remove over 800 companies based in…
Exclusive: Playtech’s TradeTech to Rebrand as Finalto
Playtech’s trading technology division, , will rebrand to become Finalto, Finance Magnates has learned. The company explained that the new short and punchy name better reflects what…
Why Right Now Is the Best Time to Translate Your Financial Content
As the world becomes more interconnected due to the expansion of the internet around the globe, the importance of translating financial content into multiple languages…
DeFi project Cover Protocol becomes the latest project to be attacked by the hacker. The person behind the recent attack exploited the Blacksmith Farming contract…
Binance Expands Crypto Derivatives Offering with Bitcoin Options
Cryptocurrency exchange has rolled out trading on Bitcoin options contracts as the influential platform expands its crypto derivatives offering. The new product addition will help traders…
Commerzbank AG Sets Aside $745 Million To Fund Job Cuts
€610 million ($745 million) is being set aside by in the fourth quarter to pay for one-off costs related to planned layoffs, as part of…
SEC Freezes Assets of Bogus Crypt Fund Run by Stefan Qin
The Securities and Exchange Commission has secured a court order to freeze the assets of a New York-based cryptocurrency hedge fund that it claimed bilked investors…
OKCoin Halts XRP, Requires Traders to Return Margin Loans
OKCoin has become the latest cryptocurrency exchange to suspend trading on the XRP token in light of the US Securities & Exchange Commission’s enforcement action against…
Coinbase Halts XRP Trading, Custody and Wallet Services Not Affected
XRP price fell 8% on Monday after cryptocurrency exchange and brokerage service, Coinbase said it will discontinue XRP trading on January 19. The decision applies…