Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in the Shandong province that has drawn out the consequences of crypto’s lack of legal status in the country. As the South China Morning Post (SCMP) reported, the case in question was an […]

If you are familiar with the scheme of things in the crypto industry today, you must have come across DeFi (Decentralized Finance) at least a couple of times. Between 2020 and February 2021, users had invested close to $20.5 billion in different DeFi protocols.  The investment statistic gives you a […]

Saxo Markets UK, one of the leading providers of multi-asset trading services, announced today that the company has appointed Harry Leyburn as Digital Engagement Manager and Anaam Raza, former Research Digital Editor at ING, as Head of UK Marketing & PR. According to an official announcement shared with Finance Magnates, […]

XREX, a Taiwan-based blockchain company, announced today that it has raised $17 million in the pre-A funding round to expand its fiat currency portfolio. The company is also planning to form new partnerships with leading financial institutions and digital wallets. The latest press release shared by XREX highlights that the […]

The cryptocurrency market cap crossed the level of $2.1 trillion today after a jump of approximately 3% in the last 24 hours. The retail demand is not the only positive sign for digital currencies as the overall crypto user base has increased significantly in the last few months. PayPal, the […]

Despite a string of heavy financial losses, Mike Novogratz – the head of Galaxy Digital Holdings Ltd – is remaining positive about bitcoin and the growing digital finance space. Mike Novogratz Is Looking to Start a Bitcoin ETF In a recent interview, Novogratz has revealed that his company has applied […]

The Chinese Central Bank Digital Currency (CBDC) is progressively spreading out to more users. This can be seen as 35 banks in China include the digital Yuan in their mobile apps. According to a local report, the digital RMB App reveals a recent addition of more banks to the interface. […]

On Thursday (August 19), the crypto analyst who is the host of crypto-focused YouTube channel “Thinking Crypto” said that Cardano $ADA token is flexing “its pump muscles” right now. And flex, it did. According to data from TradingView, on crypto exchange Kraken, around the time the above tweet was posted, […]