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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 nine individuals.
Taking Down a Vast Fraud Network
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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 who became CEO in 2023, represents the company’s intended image of compliance, while Yi He — CZ Zhao’s longtime partner and current
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CFTC Opens Futures Market to Spot Crypto Trading in Major Shift
Acting CFTC Chairman Caroline D. Pham announced that listed spot cryptocurrency products will begin trading for the first time on CFTC-registered futures exchanges, marking a major shift in how Americans can access leveraged crypto exposure.
The move aligns with President Donald Trump’s pledge to usher in what the administration calls a “Golden Age of Innovation” and to position the
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Colombia Gets Local Crypto Access Through Kraken Following Its MiCA Approval
Kraken has expanded its services in Colombia with the activation of local payment rails. The move allows clients to deposit Colombian pesos directly using domestic payment methods. Deposits are automatically converted to US dollars at transparent exchange rates, removing the need for international wire transfers.
The company has also extended its services in Europe. Kraken now
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Kraken–Deutsche Börse Pact Targets Unified Trading Across Crypto, Stocks and Futures
Kraken and Deutsche Börse Group have partnered to turn fragmented crypto, FX and derivatives markets into a single, institutional-grade access point.
The deal combines an established exchange operator and a long-running crypto venue in a bid to make trading, settlement and custody feel the same whether the asset is a token, a stock or a futures contract.
The agreement spans
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FX Veteran Ilies Larbi's Crypto Exchange Ouinex to Go Live Today
Ilies Larbi, a long-time FX industry veteran, is set to unveil Ouinex today (Thursday) in a closed-door launch to its community, FinanceMagnates.com has learned. The new crypto exchange aims to merge professional-grade trading infrastructure with a unified venue for both digital assets and traditional markets.
The launch is fully in line with the ongoing trend of
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Binance Junior Puts Crypto in Young Hands, but Keeps the Wallet with Mom and Dad
Binance has launched a new product called Binance Junior. The app is designed for users aged six to 17. It operates under full parental control. The launch triggered debate across social media.
Some users criticized the move. One said Binance was “targeting” children and questioned whether youth-focused marketing had already gone too far. Another joked that children would become “exit
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Retail Investors Tap Trillion-Dollar Reinsurance Markets via Tokenized DeFi Platforms
Tokenized reinsurance has often been described as the next major Real World Asset adoption frontier, and with due reason. As a whole, tokenized reinsurance unlocks an untapped asset class for decentralized finance, offering uncorrelated, premium-based yield at scale.
Historically, the reinsurance industry has operated in an opaque way, with low visibility into contract structures,
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Kraken Challenges Wall Street’s 9-to-5 Model with 24/7 Tokenized Stock Trading
Kraken has enabled around-the-clock trading for its tokenized stocks, a move that leverages its crypto infrastructure to directly challenge the traditional Monday-to-Friday, 9-to-5 operating hours of legacy stock exchanges like the NYSE and Nasdaq.
Why 24/7 Trading Matters for Market Structure
The feature, now live on its Kraken Pro platform for professional traders, extends
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Kraken Doubles Down on Tokenized Stocks With Backed Finance Acquisition
Kraken has agreed to acquire Backed Finance, a platform that issues blockchain-based tokens mirroring real-world securities such as individual stocks and exchange-traded funds. The exchange aims to pull these products closer to the core of its trading business as it prepares for a planned public listing in 2026.
Deal Details and Strategic Fit
Kraken already lists a range of
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Prediction Markets Boom Draws CZ-Owned Trust Wallet, Joining MetaMask and Polymarket Integration
Changpeng Zhao’s Trust Wallet is rolling out new prediction market features, becoming the latest crypto wallet to enter into the prediction markets.
The self-custodial platform, which counts over 220 million users, introduced a predictions section built into its existing Swaps page. With this step, users can reportedly browse through a list of events, take YES or NO positions, and see
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Wall Street’s Biggest Crypto Skeptic Vanguard Abandons Hardline Stance on Bitcoin ETFs
Vanguard Group has revised its long-held policy on digital assets and will now allow trading of cryptocurrency ETFs on its platform.
The shift marks a departure from the company’s previous public stance, which characterised crypto as excessively speculative and unsuitable for long-term portfolios.
The change reflects growing client demand and the rapid expansion of the market,
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First U.S. CFTC-Recognized Spot Crypto Market to Launch on Bitnomial
Bitnomial, a Chicago-based derivatives exchange, has received approval to offer spot cryptocurrency trading directly under the supervision of the Commodity Futures Trading Commission (CFTC). The move marks the first time that U.S. retail traders can buy and sell digital assets on a federally regulated commodities exchange.
Bitnomial’s self-certified rules, which took effect Friday,
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Bitcoin Mixer Tied to €1.3 Billion in Illicit Flows Taken Down by European Authorities
Authorities across Europe have shut down a crypto-mixing service “Cryptomixer,” allegedly used by cybercriminals to launder Bitcoin. They seized millions in crypto, critical servers, and terabytes of data.
Law enforcement agencies from Switzerland and Germany, coordinated by Europol, targeted Cryptomixer between November 24 and 28, 2025. It is alleged to have laundered over
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Bitcoin Price Collapse Signals Risk-Off Mood in Crypto Markets
After touching more than $126,000 in October, Bitcoin plunges below $86,000 in early December, a sobering wake-up call for investors betting on a perpetual bull run
The Drop: What Happened?
It did not go quietly. In early Asian trading on Monday December 1, Bitcoin dropped sharply. The world’s biggest cryptocurrency