The European Parliament has voted down a set of bills that would have introduced regulations to the cryptocurrency market, in particular, the contentious clauses regarding proof-of-work (PoW) cryptocu...
Tag: operations
Apple supplier Foxconn halting operations could deal a blow to iPhone maker: analyst
Apple supplier Foxconn halting operations amid a fresh COVID-19 outbreak in key manufacturing hub Shenzhen, China, could deal a financial blow to the iPhone seller. “It’s concerning. The v...
Goldman Sachs and JP Morgan wind down operations in Russia, crypto takes a toll
Crypto takes a hit in Russia as JP Morgan and Goldman Sachs halt Russian operations Growing sanctions over Russia with the current war has battered the economy Citigroup’s consumer business operatio...
Deutsche Bank to wind down Russia operations in major U-turn
Bloomberg | Bloomberg | Getty Images Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday. In an announcement released late Friday, the German...
Crypto.com Has Enhanced Its Operations with New Senior Hires
Crypto.com announced that it has enhanced its operations with new senior hires. Recently announced in a press release shared with Finance Magnates, Crypto.com, a digital asset firm that was founded in...
Mexican Drug Cartels Sneak In $25 Billion A Year Using Bitcoin To Fund Operations
It’s unsurprising that Bitcoin and other cryptocurrencies have found their way into the dangerous realm of drug cartels. According to law enforcement officials, cryptocurrency is developing as a new f...
Western Union Suspends Operations in Russia, Belarus Over Ukraine War – Coinotizia
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federat...
Western Union Suspends Operations in Russia, Belarus Over Ukraine War – Bitcoin News
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federat...
Crypto firms begin shuttering UK operations ahead of formal FCA registration deadline
Crypto startups are giving up hope of continuing to do business in the UK under pressure from the Financial Conduct Authority (FCA). The finance watchdog has notified at least half a dozen crypto firm...
MoonPay suspends operations in Ukraine, Russia and Belarus
On March 10th the MoonPay team contacted all customers to inform them that due to recent events in Eastern Europe they had suspended operations in Ukraine, Russia, and Belarus and are no longer workin...
JPMorgan is winding down its Russia operations amid widening business exodus over Ukraine war
JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, the...
Former ENS director of operations remains at foundation after voting against his own removal
Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him...
Adidas doesn’t know when it will resume Russian operations, CEO says
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going ...
Is McDonald’s facing a bleak future with closed Russian operations and a rise in wheat prices?
McDonald’s Corporation (NYSE:MCD) announced that it is closing all outlets in Russia in compliance with sanctions against the aggressor. The news is difficult for a company that was already facing the...
Visa and Mastercard suspend operations in Russia- The Cryptonomist
Visa and Mastercard decided on Saturday to suspend all their active services in Russia, in response to the attack by Moscow troops on Ukraine Visa and Mastercard abandon Ukraine “We are compelled to a...
After Token Launch, Cloudname Strengthens Operations
Cloudname, a domain trading platform that has introduced the non-fungible technology-enabled tokenization feature in the lucrative domain trading space has recently reported a successful listing on Ga...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine – Finance Bitcoin News
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the ...
VTB Bank Is Preparing to Close European Operations: Report
VTB Bank, which is Russia’s second-largest lender, has decided to wind down its operations in Europe as the bank is struggling with the rampant sanctions of the Western governments, Financial Times re...
Mastercard, Visa, Paypal Suspend Russian Operations – No Love For Russia?
Payment processing is likely to become significantly more difficult, as Paypal, Mastercard, and Visa have said that they will cease Russian operations in response to Russia’s attack on Ukraine. The th...
No Love For Russia – Card Companies Mastercard, Visa, Paypal Suspend Russian Operations
Payment processing in Russia is likely to become significantly more difficult, as card companies Paypal, Mastercard, and Visa have said that they will cease operations in the nation in response to Rus...
oneZero Promoted Nikolas Aresti as its new Operations Lead
oneZero has promoted Nikolas Aresti as its new Operations Lead in the Retail Segment, effective from March 2022. Recently, Finance Magnates has found out from LinkedIn that Nikolas Aresti, an Operatio...
Sberbank Winds Up European Operations amid Sanctions
Sberbank, which is the largest Russian lender, confirmed its decision to withdraw from the European markets on Wednesday due to the mounting pressure on its operations from western sanctions. The Russ...
Shaken Russian Army Conscripts Make Perfect Targets For Morale-Crushing Operations
The body of a Russian serviceman outside Kharkiv on February 26, 2022. AFP via Getty Images As the Russian military bogs down in Ukraine, low Army morale is becoming a serious problem. With Russian Ar...
ROSTRO Appoints John Murphy as Global Head of Retail Operations
ROSTRO Financial Group announced that it has appointed John Murphy as Global Head of Retail Operations, effective from February 2022. Finance Magnates recently discovered on LinkedIn that John Murphy,...
Goldman Sachs veteran becomes head of global financial operations at Coinbase
Roger Bartlett, a former executive at Goldman Sachs, one of the largest financial institutions on Wall Street, is moving to Coinbase. Bartlett is a veteran at Wall Street, having held several position...
Bitcoin plunges 8% to one-month low as Putin orders military operations in Ukraine
ETH Price at the time of writing – $2,388.97 The cryptocurrency is down about 49% from it’s all-time high in November On the contrary, the price of oil continued to shoot up The cost of bitcoin dipped...
Kazakhstan shuts down 13 crypto mining firms for illegal operations
Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministr...
Crypto Market Crashes after Putin Announcing Military Operations against Ukraine
The cryptocurrency market is full of bearish sentiment right after Russia launched the latest military operations against Ukraine. Bitcoin, the leading cryptocurrency, plunged over 7.8%, trading at ar...