Charles Schwab Corp. is gearing up for a foray into the spot crypto market, signaling a strategic pivot for the financial giant in anticipation of regulatory clarity. Incoming CEO Rick Wurster disclosed the company’s plans during a Bloomberg Radio interview on Nov. 21, emphasizing Schwab’s readiness to capitalize on evolving regulations. Wurster said: “We will…
South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization. Upbit, one of South Korea’s leading crypto exchanges, first…
Galaxy Digital CEO Mike Novogratz believes Bitcoin (BTC) hitting the monumental $100,000 mark is “just the start” for the flagship crypto. Novogratz’s comments come as Bitcoin registers a new all-time high near $99,100, closer than ever to the six-figure price level, which some argue could be the top for this cycle. Speaking on CNBC’s Squawk…
Crypto-investments firm Bitwise took a big jump Thursday toward offering a Solana exchange traded fund (ETF) in the United States.
Financial services giant Charles Schwab has plans to directly offer crypto investments to its clients, president and incoming CEO Rick Wurster told Yahoo Finance in an interview on Thursday.
Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad,” has emerged as the leading candidate to become the first White House “crypto czar,” Fox Business reported on Nov. 21. The Trump administration is reportedly establishing the role to guide US crypto policy and foster growth in the $3 trillion digital asset…
A Southern District of New York Bankruptcy Judge has approved Celsius Network’s request to serve legal notices via non-fungible token (NFT) airdrops. Celsius, currently undergoing insolvency proceedings, seeks to recover funds from allegedly fraudulent transfers to unidentified digital wallets. Alternative Solution Following its bankruptcy, the company sued to void the fraudulent transfers and recover additional…
President-elect Donald Trump’s proposed “Crypto Advisory Council” is expected to establish his promised “Strategic Bitcoin Reserve,” Reuters reported on Nov. 21, citing sources familiar with the matter. While presidential advisory councils are not new, a dedicated crypto council would be unprecedented, reflecting the sector’s rapid evolution since Bitcoin’s inception in 2008. Blockchain Association CEO Kristin…
The fixation on the least reputable aspects of the industry obscures the real progress being made in areas like DePIN, stablecoins and DeFi, says Mahesh Ramakrishnan.
