Category : Finance Magnates

Finance Magnates

Canada Tightens Grip on Crypto Firms, Revokes 47 Licenses Over AML Failures

Canada’s financial crime watchdog has revoked 47 crypto-related money services business (MSB) registrations since the start of the year as part of a wider clampdown on anti-money laundering failures.Singapore Summit: Meet the largest APAC brokers you...

$3.5 Trillion Administrator Apex Group Sets $100B Tokenization Target for 2027

Apex Group Ltd., a financial services company administering more than $3.5 trillion in assets, said it will use the T-REX Ledger as its default infrastructure for distributing tokenized funds across multiple blockchain networks, with the company targ...

SEC Approves Nasdaq Pilot Allowing Investors to Trade Tokenized Stocks

The U.S. Securities and Exchange Commission has approved a proposal from Nasdaq to test trading in tokenized versions of equities and other securities. This follows Nasdaq’s earlier statements that tokenized shares could enable faster settlement, pot...

Clarity Without Complacency: Why the SEC-CFTC Framework Is a Start, Not a Finish Line

The March 2026 joint framework from the Securities and Exchange Commission and the Commodity Futures Trading Commission represents the most significant regulatory development in U.S. crypto history. While most of my peers see this as "good", I view t...

After Returning Billions Last Year, FTX Starts Another Creditor Payout Round

Collapsed crypto exchange FTX Trading Ltd. said it will begin a new round of creditor payments on March 31, 2026, as part of its Chapter 11 restructuring process.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Ear...

Kraken Halts IPO Plans as Weak Market Dents Crypto Valuations: Report

Crypto exchange Kraken has paused its plan to go public. According to sources cited by Coindesk, the exchange is blaming unfavorable market conditions four months after it filed confidentially with the U.S. Securities and Exchange Commission (SEC).Si...

“Tokenisation Isn’t About Technology”: Singapore Builds Cross-Border Market Infrastructure

An approach to regulation that balances clear guidelines with a willingness to innovate has positioned Singapore at the forefront of developments in asset tokenisation.Singapore Summit: Meet the largest APAC brokers you know (and those you still don'...

SEC Clarifies Crypto Rules, Shifting Responsibility to Brokers

The SEC has clarified its position on how crypto assets should be classified. For brokers, that clarity comes with a new layer of responsibility.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)SEC Chairman Paul At...

SEC and CFTC Finally Align on Crypto: “Most Assets Aren’t Securities”

Most crypto assets are not securities, according to new guidance jointly issued by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Singapore Summit: Meet the largest APAC brokers you know (and tho...

Prediction Platform Kalshi Charged in Arizona Over Unlicensed Gambling Activities

Arizona has filed criminal charges against Kalshi, accusing the New York-based prediction markets platform of running an unlicensed gambling business and accepting bets on elections.Singapore Summit: Meet the largest APAC brokers you know (and those...

IG-Owned Crypto Exchange Pushes APAC Growth with Corporate Payments and Yield Products

IG Group-owned crypto exchange Independent Reserve is going to add payment capabilities and yield products for corporate customers across the Asia Pacific. Announced today (Tuesday), the new products will be part of its “next phase of regional expans...

CySEC-Regulated Kraken Unit Adds Futures Tied to Equities, Commodities, FX

Kraken Pro has introduced 70 traditional finance futures markets for eligible EU clients, giving them access to equity indices, commodities, and FX contracts alongside more than 290 existing crypto perpetuals.Kraken Pro Expands Futures Access for EU...

Polymarket Grabs Nearly 55% of Prediction Markets as Iran Bets Test CFTC Crackdown

Polymarket has generated 62.3 billion dollars in notional trading volume over the past three years, giving it a 54.5% share of the 114.4 billion‑dollar prediction markets segment tracked by Token Terminal. Kalshi ranks second with 52 billion dollars...

MEXC Brings Zero-Fee Trading to Prediction Markets

Crypto exchange MEXC has launched a prediction market platform with zero trading and settlement fees, entering a sector that until recently was dominated by specialised venues such as Kalshi and Polymarket. The move adds to a growing trend of large...

JP Morgan and Dresdner Kleinwort's Former Executives Launch Hong Kong Crypto Prop Firm

Former investment banking executives have launched a Hong Kong‑based crypto proprietary trading firm dubbed Velotrade Re Limited. The founders, Gianluca Pizzituti and Vittorio De Angelis, previously held derivatives roles at JP Morgan, Dresdner Klei...

US Court Dismisses Major Claims in Binance Hamas-Linked Payments Case

A federal court in Alabama has dismissed key parts of a lawsuit accusing Binance, its US affiliate Binance.US, and former CEO Changpeng Zhao of facilitating transfers of cryptocurrency to terrorist groups.Victims of the October 7 attacks had filed th...

Thai SEC Pursues Crypto Promoter as Investors Claim $40M Losses From Online Scheme

Thailand’s Securities and Exchange Commission (SEC) has confirmed that legal action against cryptocurrency promoter Worawat Narknawdee, also known as “Acme Traderist,” is ongoing, Bangkok Post reported. The statement followed renewed public attention...

Chinese Fraud Victims Contest UK Compensation Plan for £3.2B Seized Bitcoins: Report

Chinese investors defrauded in a multi-billion cryptocurrency Ponzi scheme have asked the UK High Court to reject a government-backed redress plan for the 61,000 seized Bitcoin. They argue that the proposal to route compensation through a Chinese sch...

JPMorgan Accused of Ignoring Red Flags as Goliath Ventures’ $328M Crypto Ponzi Scheme Collapsed

Investors have filed a proposed class action against JPMorgan in the US District Court for the Northern District of California, alleging the bank enabled a $328 million cryptocurrency Ponzi scheme run by the now-defunct Goliath Ventures.The lawsuit c...

New Zealand Regulator Rules NZDD Stablecoin, Citing “Not a Financial Product”

New Zealand’s financial regulator has determined that the NZDD stablecoin does not qualify as a financial product. The decision follows an assessment conducted through the country’s financial technology sandbox program. Lawyers involved in the proces...

Bitpanda's Profit Falls 75%, Firm Blames Pre-IPO Spending Push

Bitpanda reported €371 million ($430 million) in adjusted revenue for fiscal year 2025, a 16% gain from the year before, as the Vienna-based crypto broker added users and stretched its product lineup. Profitability, however, told a different story: a...

U.S. Justice Department Launches Inquiry Into $1B Iran-Tied Transfers at Binance: Report

The U.S. Justice Department is investigating whether Iranian networks used cryptocurrency exchange Binance to move funds and evade American sanctions, according to a report by The Wall Street Journal.The probe focuses on more than $1 billion in crypt...

Ripple Seeks Australian License as It Expands Regulatory Footprint

Ripple said it plans to obtain an Australian Financial Services License (AFSL) through the acquisition of local firm BC Payments Australia, extending its regulated payments business in the Asia-Pacific region. If approved, the license would allow Ri...

Cryptocurrency Hack Losses Fall 87% in February as Scammers Shift to Phishing

As crypto investors caught their breath after a bruising start to the year, the tide of digital heists appeared to ease in February. According to new data from Nominis, hackers and scammers stole roughly $49.3 million across major incidents, down sha...

Crypto Fraud Tops UK Agenda as £14B Losses Spur New Strategy

Fraud cost the UK economy £14.4 billion between 2023 and 2024, and the government plans to spend £250 million over the next three years to fight back. In its newly published 2026–2029 fraud strategy, the Home Office identified cryptocurrency scams as...

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