Binance has been phishing its own staff to get ahead of potential attacks. South Korean crypto volumes tank 89% — plus all of the week’s other crypto news from Asia. Cryptocurrency exchange Binance has been running simulated phishing attacks against its own employees for the past four years and can fire staff who repeatedly fail...Continue Reading

New York Attorney General Letitia James said the federal crypto market structure bill could restrict state regulators and urged Congress to impose stronger consumer protections on digital asset platforms. New York Attorney General Letitia James urged Congress to strengthen oversight of cryptocurrency companies, warning that proposed federal legislation could weaken states’ ability to investigate scams...Continue Reading

The banking-as-a-service provider will power X Money’s peer-to-peer payments, FDIC-insured accounts and Visa debit cards as the platform expands its financial services. Cross River said Monday it will provide the banking infrastructure for X Money, the financial services platform being integrated into X, enabling peer-to-peer payments, FDIC-insured interest-bearing accounts and Visa debit cards. The company...Continue Reading

The company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million Ether, about 85% of which is staked through its validator operations. Bitmine Immersion Technologies said Monday it holds 5.79 million Ether, or about 4.8% of the cryptocurrency’s total supply, after purchasing nearly 10,000 ETH over the past week. Bitmine...Continue Reading

The registration expands Securitize’s regulated platform for tokenized assets, adding investment advisory services to its institutional offering. Securitize Capital, a subsidiary of tokenized asset platform Securitize, has registered with the US Securities and Exchange Commission (SEC) as an investment adviser, allowing the company to expand its regulated investment advisory business for institutional clients, Securitize said...Continue Reading

The certification could expand access to Tether’s gold-backed token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold. Tether’s gold-backed token XAUt has received Shariah certification from Amanah Advisors, a move that could expand access to the token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold. The certification...Continue Reading

The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with. Payward, the parent company of crypto exchange Kraken, has agreed to acquire the wallet-as-a-service business of Magic Labs, expanding its enterprise infrastructure offering as demand for onchain financial services continues to grow. Payward said...Continue Reading

Bitcoin copied US stocks as relief over end of US-Iran strikes spread to risk assets at the start of the US trading session. Bitcoin (BTC) sought to build on local highs at Monday’s Wall Street open as US stocks opened in the green. Key points: Data from TradingView showed BTC/USD spiking to near $66,000 as...Continue Reading

Bitcoin traders prepared to navigate a slew of volatility catalysts as US inflation data and US-Iran war triggers keep risk-assets in an unpredictable state. Bitcoin (BTC) heads into the end of July juggling volatility catalysts as the Federal Reserve reacts to US inflation. Key points: Attention turns once more to the US Federal Reserve this...Continue Reading

Binance’s Android app is unavailable on Google Play in some EU markets amid scrutiny over MiCA compliance. The Binance app has become unavailable on the Google Play Store in certain European Union countries amid questions over the exchange’s compliance with the bloc’s crypto licensing framework. A user in Spain confirmed to Cointelegraph on Monday that...Continue Reading