Binance regularly tests its employees for security hygiene, with social engineering becoming a major source of industry breaches. Cryptocurrency exchange Binance runs simulated phishing attacks against its own employees and can fire staff who repeatedly fail the tests, according to Binance chief security officer Jimmy Su. The fake attacks are conducted by Binance’s red team, an internal ethical hacking unit whose job is to break into systems to identify vulnerabilities. “We do phishing attacks on our own employees on a monthly basis just so we understand if our security hygiene is improving,” Su told Cointelegraph. “The ones that have failed it, we will do remediation training.” Read more
While prediction market companies in the US continue to face legal battles between state and federal authorities, Robinhood is reportedly considering expanding its services. The company behind the cryptocurrency and stock trading app, Robinhood, is reportedly discussing plans to expand its existing prediction markets offering with crypto exchange Crypto.com. According to a Friday Wall Street Journal report citing people familiar with the matter, Robinhood was in talks with Crypto.com to place yes-or-no event contracts supplied by the exchange. The trading company launched its prediction markets hub in March 2025, initially facilitated by Kalshi in order to comply with regulatory requirements from the US Commodity Futures Trading Commission (CFTC), and later using ForecastEx and Rotella. The reported move came just days after Bernstein analysts raised the firm’s price target on Robinhood (HOOD) stock to $160 from $130 per share, based on the company’s outlook for prediction markets and tokenized equities. The...
The Bitcoin Policy Institute and three partner organizations will be able to send employees to work alongside State Department officials to address issues including digital freedom. The US Department State Department has launched a program to “advance diplomatic efforts on digital freedom and freedom of expression” using a Bitcoin (BTC) advocacy organization as a partner. In a Friday X post, the Bitcoin Policy Institute (BPI) said that it would be a founding partner in the US State Department’s Freedom Tech Excellence Program (FTEP), alongside Palantir Technologies, Anduril Industries and the Victims of Communism Memorial Foundation. According to the organization, the program will allow its employees “to work alongside state department experts and defend digital freedoms around the world.” “FTEP brings private sector talent to the Department for limited-term assignments to advance diplomatic efforts on key issues including online freedom of expression, privacy-enhancing technologies, countering digital survei...
The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year. Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise. Payments company Wise will to change its strategy for applying for a charter license with the US Office of the Comptroller of the Currency (OCC) to one “under a GENIUS Act framework,” the legislation to regulate stablecoins in the country. According to a Thursday notice from Wise, the company plans to submit a new application for a national trust bank charter under a GENIUS Act framework. Investment banking group William Blair said that Wise will likely not shift its position on payment stablecoins with the new OCC application, despite being denied a charter to establish a national trust bank on Tuesday. Read more