Charles Schwab, a significant player in the asset management sector, is setting its sights on the burgeoning cryptocurrency exchange-traded fund (ETF) market. Incoming CEO Rick Wurster recently indicated the company’s interest in launching a spot crypto ETF contingent on favorable regulatory changes in the United States. In a November 21 interview with Bloomberg, Wurster expressed
Currency exchange
In a significant move towards enhancing user experience, Binance, one of the leading cryptocurrency exchanges globally, has officially launched a communication channel on the widely-used messaging platform WhatsApp. This channel aims to deliver a steady stream of news, updates regarding events, product information, and educational material focused on blockchain and cryptocurrencies. By doing so, Binance
In November 2019, South Korea’s Upbit cryptocurrency exchange endured a monumental cybercrime, marking one of the largest heists in the digital currency space. Investigators have since linked the operation to North Korean hacking groups, specifically Lazarus and Andariel, known for their sophisticated and brazen cyber attacks. Understanding the intricacies of this heist not only illustrates
Gary Gensler’s upcoming departure as the Chairman of the U.S. Securities and Exchange Commission (SEC) marks a pivotal moment not only for the agency but also for the broader financial regulatory landscape as the nation braces for a new administration. Announced to coincide with President-elect Donald Trump’s inauguration on January 20, 2025, Gensler will conclude
In a significant breakthrough, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) associated with the notorious 2019 hack of the Upbit cryptocurrency exchange. Local news reports, particularly from Yonhap News, have highlighted this milestone as a substantial achievement against the backdrop of pervasive cybercrime. The incident, believed to have been orchestrated by
The actions of Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), have ignited a firestorm of criticism from various quarters, most notably from Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini. Winklevoss asserts that Gensler’s decisions cannot simply be dismissed as mistakes made in good faith, but rather are calculated moves driven
Recent investigations by the South Korean Financial Intelligence Unit (FIU) have brought to light alarming Know-Your-Customer (KYC) violations linked to Upbit, the nation’s premier cryptocurrency exchange. On November 14, local reports emerged indicating that these infractions were discovered during a routine review of Upbit’s business license renewal. The FIU revealed the existence of between 500,000
The cryptocurrency landscape has long been susceptible to criminal activity, a reality starkly illustrated by the recent high-profile attack on WazirX, one of India’s largest crypto exchanges. The incident, which reportedly led to the theft of over $230 million, has drawn the attention of investigative authorities and analysts alike. Initially occurring four months prior to
In a world where the digital currencies constantly evolve, the potential ramifications of political decisions on cryptocurrency markets cannot be understated. Xiao Feng, the CEO of Hashkey Group, recently shared his views on how a pro-cryptocurrency administration in the United States could lead to significant changes in China’s regulatory stance on digital assets. In a
The cryptocurrency landscape is no stranger to controversy, but recent events surrounding the listing of Solana-based memecoins such as The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on Binance have raised serious alarm bells. This move, taken by Binance, the leading cryptocurrency exchange globally by trading volume, appears to have triggered a substantial and