Crypto hacks soar to $19B in 13 years: Crystal Intelligence
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen during the largest single crypto theft during the 2019 Plus Token fraud.
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Robinhood’s cash cow under SEC scrutiny amid IPO filing
Robinhood’s main revenue source for the first quarter of 2021 could come under SEC review. Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission (SEC) move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers.Brokers like Robinhood often use…

Binance.US Launches OTC Trading Platform
Top crypto exchange’s U.S. branch now supports over-the-counter (OTC) trades. Binance’s U.S. arm has launched an over-the-counter (OTC) portal for trades worth $10,000 or more, according to an official announcement from May 11. OTC desk and Binance.US’s requirementsOTC trades are negotiated directly between the buyer and the seller and do not show up in exchange’s public…

Crypto Is Tightening Up Its Anti-Money Laundering Game, While Banks Are Still Being Fined for Non-Compliance
In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the Canadian Parliament and the Russian Federal Financial Monitoring Service all urged or announced the introduction…

XRP Ledger unveils institutional DeFi roadmap
Ripple Labs' hopes to accelerate XRP Ledgers growth by leaning into institutional DeFi, including real-world assets (RWAs).

Ramaswamy’s Strive launches wealth management arm offering Bitcoin to clients
By integrating Bitcoin into client portfolios, Strive’s new wealth management unit can in part offer Americans “true financial freedom,” its CEO Matt Cole said.

AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins
Can you book flights and hotels using AI? The short answer is… kind of, but none of the AI chatbots are reliable, so you’ll still need to do your own research at this stage. Having recently spent hours researching flights and accommodation for a three-week trip to Japan, I decided to compare my results to…

6 Questions for John deVadoss of Neo and the Global Blockchain Business Council
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to John deVadoss, the head of development at Neo — an open-source blockchain development platform — and a governing board member…

Inside BeQuant: 3 Days With a Crypto Exchange CEO
Have you ever wondered what it’s like to run a cryptocurrency exchange? Now’s your chance to find out! Take an inside look at the life of BeQuant CEO George Zarya in Cointelegraph’s latest documentary: 3 Days With a Crypto CEO.From pub beers in London to impromptu flights to Malta, from office puppies to World War…