Category : Finance Magnates

Finance Magnates

As Sub-Saharan Africa’s Crypto Flows Top $200 Billion, Ghana Lays Down the Rules

Ghana has taken a major step toward embracing the digital economy by formally legalizing cryptocurrency trading. The move marks a turning point for the country’s crypto sector as lawmakers establish clear oversight for an industry long operating in l...

How Coinbase Is Building a Gateway to Everything in Finance

Coinbase is no longer positioning itself as a crypto-only exchange. The company is assembling an integrated, multi-asset platform designed to keep capital, activity and users within a single system. That shift is backed by scale. Assets on the platf...

Binance Let $1.7B Flow Through Terror-Linked Accounts, Even After Paying Billions: Report

Binance allowed hundreds of millions of dollars to move through suspicious accounts even after promising to strengthen compliance as part of a $4.3 billion US criminal settlement in 2023, according to an exclusive Financial Times (FT) investigation.B...

Terraform Administrator Sues Jump Trading for $4 Billion, Alleging Role in Terra’s Collapse

The court‑appointed administrator of Terraform Labs has sued Jump Trading, alleging the high‑speed trading firm illegally profited from and helped fuel the Terra ecosystem’s $40 billion collapse. The complaint, filed in federal court in Illinois, see...

CySEC Imposes New Reporting Rules on Crypto Firms for MiCA Compliance

The Cyprus Securities and Exchange Commission has launched a consultation on a proposed Directive requiring Crypto-Asset Service Providers to submit prudential and financial information. The initiative follows a previous CySEC consultation on propose...

Coinbase Asks Courts to Bar States From Regulating Prediction Markets

Coinbase has sued Connecticut, Illinois and Michigan in federal court, arguing that state officials are unlawfully trying to regulate prediction markets as gambling products. The crypto exchange wants judges to confirm that event-based contracts on i...

Crypto Industry in 2025: Five Defining Trends – And One Prediction for 2026

If you only watched the price ticker this year, you might think 2025 was just another boom-and-bust cycle. Bitcoin (BTC) roared to $126,000, headlines screamed about “digital gold,” and then the inevitable gravity of Q4 set in, bringing all of us bac...

Crypto Hacks, Theft Hit $3.4B in 2025, North Korea is Top Threat

Crypto theft reached $3.4B in 2025 with actors linked to North Korea driving record losses and evolving attack patterns, says Chainalysis.A Big Year for Crypto TheftThe blockchain intelligence firm Chainalysis’s 2026 Crypto Crime Report, a preview of...

Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto

TRON DAO announced that Kalshi, a prediction market platform, has integrated the TRON blockchain network. The integration allows users to deposit and withdraw TRX, TRON’s native token, and USDT on TRON. It expands Kalshi’s multichain infrastructure a...

From Chat to Stock: xStocks Puts Tokenized U.S. Equities Inside TON Wallet on Telegram

xStocks has launched its tokenized equities on the TON blockchain, enabling Telegram users to buy and trade fully collateralized versions of U.S. stocks and ETFs directly through the platform’s integrated TON Wallet. The move expands onchain access t...

Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace

Coinbase is entering the prediction markets business through a partnership with specialist exchange Kalshi. The move marks another step away from a crypto-only model toward a broader, multi-asset ecosystem, reflecting a wider industry shift toward al...

Kraken Taps Alpaca for xStocks After Backed Finance Acquisition

Kraken’s xStocks, which tokenizes real-world equities, is expanding its partnership with Alpaca. The acquisition follows recent announcement by the crypto exchange that it had agreed to acquire Backed Finance, the firm behind the issuance of xStocks....

Japan Takes Aim at Dollar Stablecoins With SBI-Backed Digital Yen

SBI Holdings and Startale Group team up to develop a fully regulated yen-denominated stablecoin for global settlement. The initiative aims to bridge traditional finance and blockchain-based payments, positioning Japan to challenge dollar dominance in...

The Winklevoss Twins Just Launched Gemini Predictions in the US

Gemini started offering prediction markets across the United States this week, capping a five-year effort to secure federal approval and entering a sector that has drawn billions in trading volume this year.Gemini Launches Prediction Markets Nationwi...

UK Moves to Regulate Crypto by 2027 After FCA Sought Public Feedback on Oversight

The UK is preparing to regulate the cryptocurrency sector under the supervision of the Financial Conduct Authority. The government aims to introduce consumer protections that are currently missing in the industry, according to The Guardian. Officials...

Second JavaScript Exploit in Four Months Exposes Crypto Sites to Wallet Drainers

A newly discovered loophole in one of the web’s most used development tools is giving hackers a new way to drain cryptocurrency wallets. Cybersecurity researchers have reported a surge in malicious code uploaded to legitimate websites through a vulne...

Terraform Labs’ Do Kwon Gets 15 Years in Prison in the US

A US court yesterday (Thursday) sentenced Do Kwon, the co-founder of Terraform Labs, to 15 years in prison after he pleaded guilty to wire fraud and conspiracy to defraud investors. The collapse of Terraform Labs wiped out $40 billion in investors’ m...

Belarus Just Blocked Major Crypto Exchanges - What Should Brokers Prepare For?

Belarus has begun blocking access to several of the world’s largest cryptocurrency exchanges, including Bybit, OKX, BingX, and Bitget, according to data from BelGIE, the country’s central internet-filtering authority. The measure, carried out “based...

Gemini Breaks Into Prediction Markets After 5-Year Wait, Challenging Kalshi and Polymarket

After five years seeking a Commodity Futures Trading Commission (CFTC) license, Gemini can now compete directly with established rivals Kalshi and Polymarket. Gemini first applied for a Designated Contract Market (DCM) license in March 2020, though...

Dormant Silk Road-Linked Crypto Wallets Come Back to Life With $3M in Bitcoin Transfers

Hundreds of Bitcoin wallets tied to the defunct Silk Road darknet marketplace have suddenly reactivated, sending about $3.14 million in BTC to a newly created address in their largest move in years. Blockchain data provider Arkham reports that the tr...

How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%

Ripple’s recent $500 million share sale attracted top Wall Street investors, but its structure showed just how carefully traditional finance now treads in digital assets.Citadel Securities, Fortress Investment Group, Marshall Wace, Brevan Howard, Gal...

Ondo’s SEC Clearance Comes as European Tokenized Stocks Advance via Bitget

The US Securities and Exchange Commission has closed its investigation into the New York-based tokenization platform Ondo Finance. The probe began in 2023 and ended without any charges.Separately, Ondo received Liechtenstein approval last month to of...

Kraken Links With Avelacom to Speed Up Crypto Trading for Institutions

Kraken has partnered with Avelacom to give institutional clients faster access to its trading systems, aiming to appeal to firms using latency-sensitive strategies in digital asset markets.The deal connects Avelacom’s network directly to Kraken’s mat...

Europe Busts EUR 700 Million Crypto Fraud Network that Used Deep Fake Ads

The European authorities have taken down a cryptocurrency fraud and money laundering network that is believed to have laundered over 700 million euros. Multiple European agencies collaborated in the two-phase operation, which led to the arrest of nin...

Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power

Binance has named co-founder Yi He as co-chief executive, creating a dual leadership with Richard Teng, the regulator-turned-CEO. The appointment shows that Binance is changing how it distributes authority at the top. Richard Teng, a former regulator...

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