CySEC Says Former FTX EU (Now Trek Labs) Meets Compliance, Lifts Suspension - Finance Magnates, ftx, labs, Crypto

CySEC Says Former FTX EU (Now Trek Labs) Meets Compliance, Lifts Suspension

The Cyprus Securities and Exchange Commission (CySEC) announced on July 4, 2025, that it has recalled the suspension of the authorisation of Cyprus Investment Firm Trek Labs Europe Ltd. This decision was made during a CySEC meeting on June 23, 2025.

Prediction Market Growth Lifts USDC Flows, Signaling Stablecoin Utility Shift - Finance Magnates, may, stablecoin, polygon, Crypto, usdc, trump, crypto

Prediction Market Growth Lifts USDC Flows, Signaling Stablecoin Utility Shift

Polymarket, the decentralized prediction market platform, sought to become the latest crypto unicorn after closing a new funding round at a roughly $1 billion valuation, Coinbase noted in its latest research.The raise, led by Founders Fund, marks a m

Amid Circle’s IPO Success in the US, Hong Kong Gears Up with Stablecoin Regulation - Finance Magnates, circle, crypto, usdc, stablecoin, kong, Crypto

Amid Circle’s IPO Success in the US, Hong Kong Gears Up with Stablecoin Regulation

The Hong Kong Monetary Authority (HKMA) has confirmed that it will implement the Stablecoin Ordinance on 1 August 2025. This law will allow fiat-pegged stablecoin issuers to apply for licences in the territory.The confirmation followed the successful

New York Disrupts Cross-Border Crypto Scam as Meta Shuts 700 Accounts - Finance Magnates, Crypto, crypto, usdc

New York Disrupts Cross-Border Crypto Scam as Meta Shuts 700 Accounts

New York Attorney General Letitia James has frozen $300,000 worth of cryptocurrency linked to an international fraud scheme that targeted hundreds of Russian-speaking residents across Brooklyn and beyond. Authorities say the operation used deceptive

Coinbase Seeks SEC Approval to Launch Tokenized Stock Trading - Finance Magnates, Crypto, trump, sec

Coinbase Seeks SEC Approval to Launch Tokenized Stock Trading

Coinbase is seeking permission from the U.S. Securities and Exchange Commission (SEC) to offer tokenized equities. The company’s Chief Legal Officer, Paul Grewal, disclosed the effort in an interview with Reuters.If the SEC allows it, Coinbase would

SEC Chair Paul Atkins Wants to Let DeFi Thrive With Fewer Rules - Finance Magnates, spirit, Crypto, defi, sec, trump, strong

SEC Chair Paul Atkins Wants to Let DeFi Thrive With Fewer Rules

The U.S. Securities and Exchange Commission may soon ease the regulatory burden on decentralized finance platforms as Chairman Paul Atkins outlines a potential "innovation exemption" aimed at protecting developers and enabling new blockchain-based sy

After Circle’s IPO, Crypto Exchange Gemini Takes Next Step Toward Listing With SEC Filing - Finance Magnates, Crypto, usdc, circle, crypto, sec

After Circle’s IPO, Crypto Exchange Gemini Takes Next Step Toward Listing With SEC Filing

The Winklevoss twins are taking another swing at Wall Street, this time through an initial public offering. Their cryptocurrency exchange, Gemini, has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commissio

UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes - Finance Magnates, crypto, Crypto

UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes

The UK’s financial watchdog is reconsidering its approach to crypto investments by proposing to lift the ban on retail access to crypto exchange-traded notes (cETNs). This shift signals a growing openness to integrating these products into mainstream

Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy - Finance Magnates, Crypto, four

Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy

Equiti Group, known for offering contracts for differences (CFDs) trading services, announced today (Wednesday) its partnership with the Dubai Digital Asset Association (D2A2), a regulatory body aiming to strengthen and promote the digital asset sect

Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients - Finance Magnates, solana, Crypto, crypto, one, prime

Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

Crypto exchange Kraken introduced a new full-service brokerage solution targeting hedge funds, asset managers, corporates, and other large-scale market participants.Dubbed Kraken Prime, the new platform reportedly consolidates trading, custody, and a

Coinbase Knew About the Recently Disclosed Data Leak Since January: Report - Finance Magnates, Crypto, three

Coinbase Knew About the Recently Disclosed Data Leak Since January: Report

Coinbase, which revealed last month that it had suffered a customer data leak, was aware of the breach as early as January, according to a report by Reuters. The crypto exchange estimates that the breach could cost up to US$400 million.The San Franci

SEC Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal - Finance Magnates, spot, Crypto, xrp, sec

SEC Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal

The US Securities and Exchange Commission (SEC) has begun examining a new proposal for a spot XRP exchange-traded fund (ETF). The application was submitted by asset manager WisdomTree.If approved, this would be the first spot XRP ETF in the country.

Moomoo Moves Beyond Stocks with US Crypto Launch Backed by Coinbase - Finance Magnates, crypto, japan, launch, Crypto

Moomoo Moves Beyond Stocks with US Crypto Launch Backed by Coinbase

Moomoo, a global trading platform, is expanding into cryptocurrency. The company will launch a new service called Moomoo Crypto for its U.S. users. The launch is part of Moomoo’s plan to grow beyond traditional securities trading.Moomoo operates in t

Sam Bankman-Fried Could Be Released from Prison Four Years Earlier - Finance Magnates, ftx, Crypto

Sam Bankman-Fried Could Be Released from Prison Four Years Earlier

The 25-year prison sentence of Sam Bankman-Fried, the founder and former CEO of the now-collapsed FTX, might be reduced by more than four years, according to a report by Business Insider. So, if everything goes in Bankman-Fried’s favour, he could be

CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger - Finance Magnates, Crypto, crypto

CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger

Outgoing Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger confirmed yesterday (Thursday) that the agency might “very soon” authorise the issuance and circulation of crypto perpetual contracts.It Would Be “Great to Get that Tr

Coinbase to Make S&P 500 Debut; Shares Jump 10% in After-Market Trading - Finance Magnates, coin, index, shares, crypto, Crypto

Coinbase to Make S&P 500 Debut; Shares Jump 10% in After-Market Trading

Coinbase (Nasdaq: COIN) is set to join the S&P 500 index on 19 May 2025. The index tracks the largest 500 publicly listed companies in the US across various sectors, including finance, tech, healthcare, and more. Coinbase will be listed under the fin

Tether Expands Into AI With Platform Supporting Bitcoin, USDt Payments - Finance Magnates, Crypto, bitcoin, tether, ai

Tether Expands Into AI With Platform Supporting Bitcoin, USDt Payments

Cryptocurrency firm Tether has set its sights on artificial intelligence, a new project that combines open-source design, self-custody, and peer-to-peer payments. Its upcoming Tether AI platform aims to allow users to make direct transactions in Bitc

KuCoin Eyes South Korea Comeback After Regulatory Setback - Finance Magnates, kucoin, april, trump, Crypto, south

KuCoin Eyes South Korea Comeback After Regulatory Setback

Despite being pushed out of the South Korean market earlier this year, crypto exchange KuCoin isn’t ready to give up on the region. The platform's newly appointed CEO, BC Wong, has made it clear that a return is not only possible but planned, though

Kraken Launches Crypto-as-a-Service Tool; Adds Forex Perpetual Futures - Finance Magnates, Crypto, fx, crypto

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

SEC Ends PayPal's Stablecoin (PYUSD) Investigation With No Enforcement Action - Finance Magnates, circle, Crypto, stablecoin, tether, sec, pyusd, paypal usd

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