Category : Finance Magnates

Finance Magnates

CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Chair Michael Selig has intensified a federal–state showdown over prediction markets, directing his agency to intervene in court battles and publicly asserting that the US derivatives watchdog, not state authorities, holds jurisdiction over even...

Kraken Brings Crypto OTC Trading Into ICE Chat as Institutions Step Up Interest

Kraken has integrated its over-the-counter (OTC) trading desk with ICE Chat, bringing crypto spot and options liquidity into a messaging platform widely used by institutional traders. The move places the crypto exchange’s OTC services directly inside...

77% of Crypto Users Would Open a Stablecoin Wallet With Their Bank, Survey Finds

While traditional banks and brokers have often treated stablecoins as a high-risk niche, new research indicates that crypto adopters are using them for practical financial needs rather than solely for speculation. The Stablecoin Utility Report 202...

Binance Disappears from Google Play in Philippines After Years of Local SEC Warnings

The Binance app has disappeared from the Philippine version of the Google Play Store as the Philippine Securities and Exchange Commission intensifies scrutiny of the cryptocurrency exchange.In 2023, the SEC warned that Binance operates without local...

Nexo Returns to U.S. With Crypto Platform, Yield Programs, and Lending

Nexo has re-entered the United States market three years after its exit, launching a new suite of digital asset services built around the infrastructure support from U.S.-based Bakkt. In a Monday announcement, the firm presented the move as a fresh s...

Mirae Asset’s $92M Korbit Takeover Signals Strategic Push Into Korea’s Tokenized Market

Mirae Asset, South Korea’s largest securities firm, has agreed to acquire crypto exchange Korbit for $92 million. This positions the firm in the country’s emerging tokenized securities market. The deal, conducted through a subsidiary to comply with...

OKX Secures Malta Payment License After MiCA Approval and €1 Million AML Penalty

Cryptocurrency exchange OKX has secured a Payment Institution license in Malta. The authorization falls under the European Union’s payments framework and aligns OKX’s payment services with the Markets in Crypto-Assets Regulation and the Second Paymen...

Moving from CFDs to Spot Crypto Is Not Just a Tooling Exercise

“Some of the hurdles have been tackling the challenge of the need to move at pace while we have a legacy business,” says Tamas Szabo, the Group CEO of Pepperstone. Those hurdles sat at the heart of the retail broker’s expansion from traditional CFD i...

Same Stablecoin, Different Bill: Why Africa's Cash-Out Costs Climb to Nearly 20%

Stablecoins promise cheaper, faster money transfers into Africa, but new data shows that the real cost of turning digital dollars into local cash often remains high and depends heavily on who controls each corridor. A January review of 66 African sta...

European Bloc Seeks to Impose Blanket Ban on Russia-Related Crypto Transactions: FT

The European Union is preparing to impose a blanket ban on all cryptocurrency-related activities involving Russia in an attempt to ramp up sanctions on the country, the Financial Times reported. The goal appears to be to limit Russian purchases of go...

SafeMoon's Former CEO Sentenced to Over Eight Years in Prison

A federal judge has sentenced former SafeMoon US LLC CEO Braden Karony to 100 months in prison over a multi-million dollar fraud tied to the SafeMoon token. He must forfeit about 7.5 million dollars, with restitution to be decided later, and a jury a...

Blockchain.com Secures FCA Registration Nearly Four Years After Pulling Earlier Bid

Blockchain.com has obtained regulatory registration in the UK, nearly four years after it withdrew an earlier application to the Financial Conduct Authority (FCA). The move brings the London-based crypto firm back under UK oversight as the country pr...

RWA Tokenisation in the UAE: What Asset Owners and Issuers Need to Know in 2026

Real-world asset (RWA) tokenisation is no longer a conceptual framework. For asset owners and issuers, it has become a practical question of structure, governance, and regulatory recognition, one increasingly addressed at the board and shareholder le...

Kraken-Backed xStocks Debut on Deutsche Börse’s 360X

Kraken-backed xStocks have gone live on 360X, giving Deutsche Börse Group clients access to tokenized versions of major equities on a regulated secondary trading venue. The move is the first major product milestone under the partnership that Kraken a...

China Replaces Crypto Ban with Stricter Regime, Carves Out Narrow Path for State-Controlled RWA

China has replaced its landmark 2021 crypto ban with a new, more comprehensive regulatory framework that tightens oversight across the digital asset sector. While the updated rules formally acknowledge real-world asset (RWA) tokenization for the...

Bybit Partners With Mercuryo for Crypto Transactions; Enables Direct AED Bank Transfers

Bybit has partnered with global payments infrastructure platform Mercuryo to offer zero transaction fees on qualifying crypto purchases.Alongside its payments initiatives, Bybit has continued expanding its financial product offerings. Last year, the...

Largest-Ever $1M Lightning Transaction Marks Bitcoin’s Leap Toward Faster Settlements

Secure Digital Markets (SDM) has completed a $1 million Bitcoin transaction over the Lightning Network in a pilot settlement with cryptocurrency exchange Kraken, marking what the firms say is the largest publicly reported Lightning payment to date. T...

Crypto.com Spins Out Standalone Prediction Markets Platform After 40x Growth Surge

Crypto exchanges spent the past year racing into CFD trading and tokenized equities. Now they're hunting prediction markets.Crypto.com officially launched OG this week, a consumer-facing prediction markets platform that allows users to bet on real-wo...

Kraken’s 2025 Revenue Soared to $2.2 Billion as It Prepares for an IPO

Kraken, the crypto exchange preparing for an initial public offering (IPO), recorded a 33 per cent jump in its 2025 revenue to more than $2.2 billion, which, according to the company, was driven by “broad-based performance across trading and asset-ba...

Deutsche Börse’s 360T Plugs Bitpanda Into FX Network to Channel Institutions Into Crypto

360T, part of Deutsche Börse Group, has struck a partnership with Bitpanda to expand institutional access to crypto trading and wider digital asset services across Europe. The deal connects 360T’s 3DX trading platform with Bitpanda’s digital asset in...

Hong Kong to Grant First Stablecoin Issuer Licenses, Opening New Avenue for FX Brokers

Hong Kong will start issuing its first stablecoin issuer licenses in March, with the city’s regulator set to approve only a “very small number” of applicants in the initial phase. The move marks a cautious but concrete step toward a fully regulated s...

Bybit Pivots to ‘New Financial Platform,’ Expanding Beyond Core Crypto Trading

Crypto exchange Bybit has unveiled a broad strategic shift toward what it describes as a “New Financial Platform,” an ecosystem designed to integrate retail banking services, institutional custody and traditional asset trading. The move signals a...

Binance Reworks SAFU Reserves, Shifting $1B From Stablecoins to Bitcoin

Binance said it plans to convert the Secure Asset Fund for Users Fund’s $1 billion stablecoin reserves into Bitcoin over the next 30 days.Binance Plans Bitcoin Conversion For SAFUBinance communicated the SAFU decision in an open letter to the crypto...

Match2Pay Integrates Binance Pay as Brokers and Prop Firms Embrace Crypto Deposits

Match2Pay, a cryptocurrency payment gateway, has announced its integration with Binance Pay’s payment infrastructure. Brokers, prop firms, fintech and other merchants using the company’s system will now have access to instant crypto deposits. The mov...

CFTC Drops Prediction Markets Ban Proposal, Aligns With SEC on Crypto Oversight

CFTC has removed a controversial proposal to ban political and sports‑related prediction markets, while simultaneously launching a joint crypto rulemaking push with the SEC that aims to keep digital asset trading onshore.In his first public speech a...

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