Former employees allege fraud sustains Canada's crypto ATM industry

Nearly a dozen former employees of Canadian crypto ATM companies told CBC News that fraud involving scam victims is a known internal issue. Half believe their former employers would not be profitable without such transactions, while the others think profitability would simply decrease. Operators deny relying on fraud and claim to implement preventive measures.

Morgan Stanley expands crypto fund access for all wealth clients

11. oktober 2025 Rapportert av AI

Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.

Insurers limit coverage for AI firms amid rising lawsuits

OpenAI and Anthropic are exploring the use of investor funds to cover potential multibillion-dollar lawsuit settlements, as insurers hesitate to provide full protection for AI-related risks. The companies face significant legal challenges, including copyright infringement and wrongful death claims. This development highlights the growing insurance gap for emerging AI technologies.

Investor Steve Eisman describes Tesla shareholders as a cult

Steve Eisman, the investor portrayed in The Big Short, has labeled Tesla and its shareholders a cult due to the stock's detachment from fundamentals. Speaking on the Lemondae Stand podcast, he highlighted Tesla's declining earnings amid a rising stock price. Eisman avoids investing in Tesla despite owning other major tech stocks.

FASB weighs stakeholder feedback for accounting priorities

The Financial Accounting Standards Board is reviewing over 100 comment letters and meeting inputs to prioritize its agenda. Stakeholders highlighted hedge accounting, alternative funding, and crypto assets as key areas. This marks the first broad outreach since 2021.

UK lifts ban on retail access to crypto ETNs

9. oktober 2025 Rapportert av AI

The UK's Financial Conduct Authority has ended its four-year ban on retail investors accessing bitcoin and crypto exchange-traded notes, effective October 8, 2025. This allows firms to offer these products on approved exchanges like the London Stock Exchange. The move could boost the UK crypto market by up to 20%, according to research.

Berliner wins 120 million eurojackpot

A Berliner has won the 120 million euro Eurojackpot and presented himself calmly at the lottery company. Advisor Lutz Trabalski describes the winner as relaxed and advises a step-by-step approach. It is the fourth time such a super prize has been won in Germany.