Category : Finance Magnates

Finance Magnates

CoinEx Cashes Out: Hong Kong Crypto Exchange to Shut After Nine Years

CoinEx, a Hong Kong-based cryptocurrency exchange founded in December 2017 by mining pool ViaBTC, today (Tuesday) announced that it will cease operations and begin an orderly liquidation, citing the prolonged downturn in the crypto market, shrinking...

Kraken Lets Users Earn DeFi Yield on Nvidia and ETF xStocks

Kraken has launched on-chain yield vaults for three tokenised securities, enabling qualified clients to earn variable rewards from their tokenised positions in Nvidia and two major US ETFs.London's trading industry is coming home!The product, availab...

18 Attorneys General Challenge CLARITY Act Ahead of Senate Vote

Senate Republicans have added language giving state attorneys general a role in enforcing parts of the CLARITY Act. That has not resolved the larger dispute over whether the crypto market-structure bill would weaken powers states already have under t...

The $245 Million Phone Call: How Crypto Fraud Became a Business

One of the largest cryptocurrency thefts from a single victim did not require breaking Bitcoin's cryptography. Stolen data, a credible story and the victim's cooperation were enough to take over $245 million in virtual currency from a single Washingt...

If MiCA Can Crack DeFi, Its Slow-and-Steady Approach Could Beat CLARITY

Back in the 6th century BC, ancient Greek fabulist Aesop came up with the story The Tortoise and the Hare, which still resonates today. The story’s moral: slow and steady wins the race. I found applying the same logic to crypto regulation quite usefu...

Nasdaq Invests US$100 Million In Kraken Parent Payward

Nasdaq has announced today (Thursday) that it has invested US$100 million in Payward, the parent company of Kraken. The capital injection from Nasdaq’s venture arm aims to support the “continued evolution of tokenised market infrastructure.” The tie-...

Kraken Adds Editable Grid Bot with Backtesting to Desktop App

Kraken has added Smart Grid, an automated range-trading tool, to its desktop application for eligible Pro users. The exchange is entering a crowded grid-bot category by focusing on backtesting, saved configurations and parameters that can be changed...

Bybit Adds Chat to Its AI Stack, Pointing to a Broader Shift

While crypto exchanges and retail brokers have largely converged on MCP integrations in their AI roadmaps, some, such as Bybit, are now adding a conversational AI front end that sits on top of that infrastructure.The second-largest crypto exchange by...

FCA Puts Net Benefit of Its Crypto Regime at Just GBP 120 Million

The UK Financial Conduct Authority (FCA) expects its new cryptoasset regime to generate a net benefit of just GBP 120 million. FM Intelligence said today (Tuesday) its analysis found GBP 1.435 billion in modeled benefits against GBP 1.315 billion in...

Bybit Adds 24/7 FX Majors to Its Crypto Derivatives Account

Bybit is adding 24/7 FX perpetuals to the account structure it uses for crypto derivatives, while keeping them separate from its MetaTrader 5-based CFD service. The exchange listed perpetual contracts on EURUSDUSDT, GBPUSDUSDT and USDJPYUSDT on Tuesd...

Binance Plans Kazakhstan Settlement Hub for CIS and Eastern European Clients

Kazakhstan is trying to turn its new first-category payment organisation licence into a regulated channel for crypto-linked regional settlement. Under a memorandum with the National Bank, Binance plans to create a local group company, apply for that...

Purported White Hats Pull $320M From Liquid Reserve, Putting L-BTC Peg Under Scrutiny

Liquid’s halt turned on the part of the network that matters most to L-BTC holders: the reserve mechanism behind its stated 1:1 Bitcoin peg. Nearly 4,000 BTC left the federation wallet through the peg-out path, while Liquid said the federation’s keys...

Australia Removes 45 Remittance and Crypto Providers From AML Registers

Australia removed 45 remittance and virtual asset businesses from its anti-money laundering registers over the past year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed the figure today (Monday), combining cancellations, s...

The Stablecoin in the Headlines Is Not the Stablecoin I Know

When you scroll through the financial news these days, you meet one stablecoin. The articles describe a digital dollar, a boring token that hugs the greenback, and a shiny new tool for Wall Street. Then you open a DeFi app and meet something else ent...

Saint Vincent Regulator Freezes Virtual Asset Applications, Existing Submissions Continue

The Financial Services Authority (FSA) of Saint Vincent and the Grenadines has immediately suspended the submission of new applications for virtual asset businesses.The move follows earlier steps by the regulator to tighten oversight of financial bus...

Kraken Parent Pushes IPO to Q2 2027 at Earliest

Payward does not plan to take Kraken public before the second quarter of 2027, CoinDesk reported yesterday (Wednesday), citing two people familiar with the matter. The company has a confidential draft registration statement under review by the U.S. S...

ASIC Crypto License Applications Pass 45 Before September Deadline

The Australian Securities and Investments Commission (ASIC) recorded more than 45 applications tied to digital-asset services, it said today (Wednesday). The count has increased by roughly half since ASIC extended its transitional licensing relief.Bu...

Binance’s Push Into US Stock Options Shows How Far It Has Moved Beyond Crypto

A Binance account, once associated mainly with crypto trading, now gives eligible users several routes into traditional markets. The latest addition, options on more than 1,000 selected US stocks and ETFs for non-US users, extends a line-up that alre...

Bybit Launches Options on Its Own SpaceX and NVIDIA Perpetual

Bybit is adding options to a product that never holds the underlying shares, even though real, exchange-listed options on both stocks already exist. Bybit will launch what it calls Perp Options on 17 September at 8 pm UTC, starting with contracts on...

Kraken Turns Prime Into a Self-Service Platform for Institutions

Kraken has redesigned Kraken Prime as a self-service trading and operations interface for institutional clients, moving more of the product away from API integrations and desk-managed workflows. The company said the updated Prime interface now gives...

12,000 Tiny Transfers Put Kraken's Compliance Controls to the Test

A wallet linked to sanctioned exchange HTX flooded Kraken-linked addresses with thousands of near-worthless transfers, showing how a few cents of tainted crypto can force a regulated platform’s compliance systems into a full account lock. A Wave of T...

MEXC to Offboard Dutch Users, Recommends Bybit as MiCAR-Compliant Alternative

Europe’s post-MiCA client migration now has its first clearly signposted route: MEXC has recommended MiCAR-authorised Bybit EU to Dutch customers before ending services in the Netherlands.The arrangement does not transfer customer accounts or assets...

Gemini Wants Apex’s Crypto Prediction Flow. But Apex Already Has Kalshi

Gemini is moving to turn its in-house prediction market infrastructure into a broker distribution business, ten days after Cameron Winklevoss called predictions “the largest near-term growth opportunity on the platform.” A non-binding letter of inte...

MEXC Targets Quant Traders With New RealStocks API

Quantitative traders using MEXC's RealStocks received a tool that lets them automate trading and develop customised strategies for US equities. The platform has just released an API for buying US equities with USDT. The platform follows the broader...

Binance Creates Operating System for Agents as AI Trading Moves Beyond APIs

Binance has launched Agent OS, a developer platform that brings AI agents closer to a full financial workflow rather than a single trading API. The platform connects compatible AI applications to Binance’s market data, trading functions, wallet tools...

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