Tag: Crypto

Charles Schwab CEO teases direct spot crypto trading

Charles Schwab Corp. is signaling serious momentum in the crypto space—and it’s only getting started, according to the firm’s new CEO, Rick Wurster. The Westlake, Texas-based firm is already capitalizing on strong engagement with digital assets and is poised to expand its offerings even further, Wurster explained on a recent conference call. According to a transcript, available on Seeking Alpha, the newly appointed CEO pointed to a broad range of available products—from crypto ETFs to Bitcoin (BTC) futures—and a rapidly growing interest from both clients and potential customers, adding: “We…

Controversial Exchange eXch To Shutter in May Amid Allegations the Project Laundered Crypto Stolen in Bybit Hack

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The controversial exchange eXch plans to close its doors in May after facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year. In February, hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit in the largest crypto theft ever and possibly the biggest heist in world history. The blockchain research firm Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major…

Crypto industry is not experiencing regulatory capture — Attorney

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Brandon Ferrick, general counsel at Douro Labs, said that the Securities and Exchange Commission’s (SEC) openness to public input on crypto policy and their roundtable discussions are positive signs that the crypto industry is not currently experiencing regulatory capture. In an interview with Cointelegraph, Ferrick identified signs of regulatory capture including, a public-to-private sector revolving door of employees, the same roster of attendees at regulatory events, and special treatment given to certain crypto projects. However, Ferrick added: “The reason why I am not worried today is that a lot of…

US Crypto Exchange Kraken Expands to Stocks, ETFs and FX Perpetual Futures

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The San Francisco-based crypto exchange Kraken expanded its trading services this week to stocks, exchange-traded funds (ETFs) and forex (FX) perpetual futures. On Monday, the exchange announced that customers in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia could now trade 11,000 US-listed stocks and ETFs. Kraken notes those states represent the start of a “phased national rollout” for equities trading, with plans to expand to other states and then international markets like the United Kingdom, Europe and Australia. Then on Friday,…

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

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The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.” The size of the crypto market signals that authorities should be worried about the “stability of crypto over and above the role it may have for TradFi and…

Why XRP could rally 100% even in a crypto crash

XRP rallied 2% in the past week, and nearly 1% on the day, bucking the typical trend of correction in the crypto market. The second-largest altcoin by market capitalization ranks among the top 10 gainers, according to Grayscale data.  XRP (XRP) is the third-largest cryptocurrency by market capitalization and is the only altcoin with positive year-to-date gains, compared to Bitcoin (BTC), Ethereum (ETH), and other tokens. XRP trades at $2.0615 at the time of writing.  XRP leads top 10 cryptos in year-to-date gains Grayscale analyzed the year-to-date returns of the…

Slovenia Proposes 25% Crypto Tax That Could Redefine EU Markets

Slovenia has proposed a 25% tax on crypto profits and derivatives, signaling a seismic shift toward uniform digital asset regulation. Slovenia Targets Crypto Profits With Brutal 25% Tax Slovenia’s Ministry of Finance released a draft bill Thursday in Ljubljana proposing a 25% tax on profits from crypto asset disposals, opening the measure to public discussion […] Source CryptoX Portal

Singapore should treat crypto as infrastructure, not just risk: Coinbase

Singapore’s current tone of caution on crypto could limit its future competitiveness, Coinbase warned, urging a more ambitious national strategy. U.S.-based crypto exchange Coinbase has urged Singapore to take a bolder approach to digital assets, warning that the country could fall behind if it continues to view crypto mainly as a risk. In a recent blog post, Coinbase’s country director for Singapore Hassan Ahmed warned that Singapore risks losing its lead if it continues to take a cautious approach to crypto. Ahmed noted though that the country already has a…

Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Warns

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A swirl of bullish proclamations is ricocheting across X as macro‑minded influencers argue that a fresh expansion in “Global M2” money supply will trigger a near‑instant rally in Bitcoin—yet a…