Category : Finance Magnates

Finance Magnates

Ripple’s $4B–$5B Bid for Stablecoin Issuer Circle Rejected amid IPO Plans: Report

Ripple proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion to $5 billion, a bid that was rejected as too low, according to sources cited by Bloomberg.While Ripple reportedly remains interested in Circle, it hasn...

Dutch Neobank Bunq Takes on Revolut With Crypto Trading Launch in Six EU Countries

Irish users of Bunq can now trade cryptocurrencies directly from their banking app, as the Dutch neobank launches its digital asset platform in six European countries. “Our users across the world have long waited for a simple, safe, and straightforwa...

Kraken Launches Crypto-as-a-Service Tool; Adds Forex Perpetual Futures

Kraken has introduced Kraken Embed, a new Crypto-as-a-Service (CaaS) product. It is designed for neobanks, fintech companies, and traditional banks. The service allows institutions to offer cryptocurrency trading to their customers.Earlier this month...

From Pharaohs’ Vaults to Digital Wallets: Gold Battles Bitcoin in the Race for Value

For centuries, gold has captivated societies with its rarity and value. Ancient civilizations prized it as both decoration and a symbol of wealth and power. The Egyptians buried their pharaohs with gold artifacts, while empires like the Roman, Persia...

SEC Ends PayPal's Stablecoin (PYUSD) Investigation With No Enforcement Action

PayPal (NASDAQ: PYPL) announced that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the company’s USD-backed stablecoin, PayPal USD (PYUSD), with no enforcement action taken.SEC Ends PayPal Stablecoin Probe, No En...

Wall Street Could Soon Trade Dogecoin as Nasdaq Submits ETF Application

Dogecoin, the meme-inspired cryptocurrency that began as a joke, may soon find itself listed on Wall Street. Nasdaq has submitted a formal request to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund holding Dogecoin.R...

UK Targets Crypto Exchanges With New Rules as Adoption Triples to 12%

As crypto adoption surges in the UK, the government has introduced draft legislation seeking to tighten oversight of crypto firms while keeping Britain attractive to investors and innovators.The announcement, made by Chancellor Rachel Reeves at a Lon...

Circle Secures In-Principle Abu Dhabi Approval as It Pursues NYSE IPO

Circle, the company behind the USDC stablecoin, has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The company shared the update today (Tuesday) through an official press rele...

Bitpanda Expands Sports Presence, Becomes FC Basel’s Shirt Sponsor

Bitpanda is expanding its presence further in European football by becoming the main sponsor of Swiss football club FC Basel 1893. The crypto exchange's branding will now appear on the front of the football team’s shirt.Taking Bitpanda in Front of Fo...

ESMA Finalises Guidelines for EU Regulators on Detecting and Preventing Market Abuse in Crypto

The European Securities and Markets Authority (ESMA) has published its final guidelines for national authorities on how to prevent and detect market abuse in the crypto-asset sector. The guidelines were released today (Tuesday) and follow the impleme...

427 Crypto Exchanges Registered in Australia, But Regulator Says Most Are Inactive

Australian financial intelligence agency AUSTRAC has called on digital currency exchanges (DCEs) that are no longer operating to voluntarily withdraw their registrations, warning that failure to do so could result in cancellation.AUSTRAC Cracks Down...

TradingView Updates Crypto Offerings with Coinbase Spot and Derivatives Integration

Coinbase has expanded its services by integrating its Coinbase Advanced platform directly into TradingView. The move aims to offer users new tools for trading and market analysis.The development follows TradingView’s recent addition of Coinbase’s per...

Kraken Adds US Stocks and ETFs in Collaboration with Broker-Dealer Alpaca

Kraken expanded its offering in the US securities through a collaboration with Alpaca, a self-clearing broker-dealer known for its API-first brokerage platform.The crypto exchange now offers its users access to over 11,000 stocks and ETFs. According...

XRP in the Spotlight: Brazil Greenlights Spot ETF, US Next?

Brazil greenlights XRP spot ETF while U.S. optimism builds. With legal drama, ETF hype, and market momentum, XRP traders stay on high alert as the token outpaces the market.Brazil Says “Sim” to XRP: The First Spot ETF LandsMove over Bitcoin and Ether...

Aussie Crypto Provider to Offer Derivatives with Prime Brokerage FalconX Partnership

Australia-licensed MHC Digital Group has inked a partnership deal with the crypto prime broker FalconX to provide digital asset derivatives to the Australian wholesale market. Announced today (Monday), MHC's trading platform, MHC Markets, will introd...

North Korean Hackers Use Fake U.S. Companies to Spread Malware in Crypto Industry: Report

North Korean hackers reportedly established seemingly legitimate companies on U.S. soil to infiltrate the crypto sector, targeting unsuspecting developers through fake job offers. With legal registrations, corporate fronts, and social engineering, th...

US Banks No Longer Have to Notify of Crypto Activities: Fed Withdraws Draconian Rules

The US Federal Reserve officially removed both supervisory guidelines yesterday (Thursday), which had discouraged American banks from engaging in activities involving cryptocurrencies and stablecoins. Specifically, the regulator rescinded two supervi...

US Banks No Longer Have to Notify Crypto Activities: Fed Withdraws Draconian Rules

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XRP Futures Set to Launch on CME Next Month, Pending Regulatory Approval

CME Group plans to introduce futures contracts tied to cryptocurrency next month, pending regulatory clearance. The initiative marks another expansion in CME's push to offer regulated crypto derivatives, following its recent Solana futures debut.Rank...

Coinbase Launches Zero-Fee PYUSD Conversions with PayPal; Files for XRP Futures

US-based crypto exchange Coinbase has formed a partnership with PayPal to support the use of PayPal’s stablecoin, PYUSD. The collaboration is aimed at increasing the adoption of stablecoins in digital payments.Meanwhile, Coinbase has submitted a fili...

Binance’s New Institutional Accounts Let Fund Managers Consolidate Crypto and Track Net Asset Value

Binance has introduced a fund management infrastructure modeled on traditional finance. The new fund accounts allow fund managers a way to manage pooled investor capital, mirroring the systems used in traditional markets. The newly launched Fund Acco...

Congress on the Clock: Can 2025 Deliver Real Crypto Reform in the US?

The winds have shifted in Washington. Just months into his second term, President Donald Trump's administration has made a decisive pivot from regulatory hostility to enthusiastic support for crypto. Executive orders, agency shakeups, and bold declar...

Russian Central Bank to Launch Crypto Exchange for “Super-Qualified Investors”

The Russian Central Bank and the Finance Ministry have teamed up to launch a local cryptocurrency exchange aimed exclusively at the country’s “super-qualified investors.” As reported by local news outlet RBC, the exchange will operate under an experi...

Block Earner Wins Appeal: Court Dismisses Need for Financial Services Licence

Australia’s Full Federal Court has overturned a decision by a lower court against Block Earner and ruled that the crypto company did not require a financial services licence to offer its digital asset-related ‘Earner product’.“The ruling overturns th...

XRP Trapped in Range; Oregon Sues Coinbase over XRP as Unregistered Securities

Oregon Attorney General Dan Rayfield has filed a lawsuit against Coinbase, accusing the publicly traded crypto exchange of violating the state’s securities law. The complaint claims that XRP and other digital assets available on Coinbase are unregist...

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