While a number of crypto exchanges offer access to U.S. stocks, most limit that offering to a few dozens to a few hundred equities and ETFs. Today Binance is upping the ante, offering access to some 7,000 U.S. stocks and ETFs through its trading platform. Binance also announced that it will soon launch bStocks, tokenized securities representing selected U.S. stocks and equities. Both launches are part of the largest cryptocurrency exchange by volume’s goal of turning itself into a financial super-app that acts as a one-stop shop for all investing needs. “We have set out to reach the next 3 billion users, and to do that, we need to make…
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North Korean Hackers ‘Industrialized’ Crypto Theft
AI security saved $10 billion: Binance
North Korea has “industrialized” cryptocurrency theft, turning it into a primary mechanism of revenue for the pariah state. That’s the conclusion of a new report by crypto security firm CertiK, which found that North Korean hackers have stolen $6.75 billion over the past decade, $2.6 billion of it in the past 18 months alone. The biggest incident by far was the 2025 Bybit hack, which saw $1.5 billion drained from the exchange. CertiK pointed to the “precision and scale of North Korean operations,” noting that in the past few years there have been fewer attacks that systematically targeted the highest-value opportunities. The Democratic People’s Republic of Korea (DPRK) has been…
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Judge Keeps CZ in U.S. Pending Review
Following last week’s landmark settlement, prosecutors argue flight risk
As we noted two days ago in Will Congress Finally Do Its Job?, the operator of the world’s largest cryptocurrency exchange, Binance, pleaded guilty and agreed to pay $4.3 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act, failure to register as a money transmitting business, and the International Emergency Economic Powers Act. Additionally, Binance’s founder and CEO, Changpeng “CZ” Zhao also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, resigned as CEO of Binance and personally paid a $50 million fine to the Commodity Futures Trade Commission (CFTC) for “intentionally sabotaging and subverting Binance’s superficial compliance controls, including controls designed…
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Will Congress Finally Do Its Job?
The executive and judicial branches have filled the legislature’s crypto void – but this could end in 2024
Congress seems drugged and inert most of the time. Even when the problems it ignores build up to crises and erupt in strikes, riots, and demonstrations, it has not moved. Its idea of meeting a problem is to hold hearings or, in extreme cases, to appoint a commission. – Representative Shirley Chisholm, writing in her book Unbought and Unbossed The U.S. Constitution vests in Congress the power to create laws and in the executive branch the responsibility of implementing and enforcing those laws, while the judicial branch interprets laws and assures they do not violate the Constitution. This vaunted system of checks and balances is designed to ensure a…
