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SoFi Launches Crypto Trading, Citing ‘Bank-Level Confidence’ as Key Edge

SoFi has launched in-app cryptocurrency trading, becoming the first nationally chartered consumer bank in the U.S. to offer this service. The platform allows users to buy, sell, and hold various cryptocurrencies like bitcoin, ethereum, and solana, alongside managing traditional banking services such as checking and savings within a single app. This phased rollout comes after SoFi paused its digital asset services in 2023 while seeking a banking license during a period of increased regulatory scrutiny. Now, over 60% of SoFi’s users prefer trading crypto with a licensed bank rather than unregulated exchanges, highlighting the company's compliance as a significant trust factor. In addition to crypto trading, SoFi plans to develop a USD stablecoin and further integrate crypto into its lending and payment products, marking a significant shift in its financial strategy as the company responds to customer preferences and regulatory changes.

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Chinese Cybersecurity Watchdog Alleges US Stole $13.2B in Bitcoin Five Years Ago

The Chinese cybersecurity agency CVERC has accused the U.S. of unlawfully seizing 127,271 BTC from a mining pool hack in 2020, which they claim originated not from criminal activities but from a breach at the LuBian mining pool. These Bitcoin assets, initially valued at $3.5 billion, have

Chinese Cybersecurity Watchdog Alleges US Stole $13.2B in Bitcoin Five Years Ago

The Chinese state cybersecurity organization CVERC has alleged that the U.S. government unlawfully seized approximately 127,271 BTC, worth around $13.2 billion, from a 2020 mining pool hack. This stash was supposedly linked to Cambodian businessman Chen Zhi, who faces allegations of running large-scale crypto fraud operations. CVERC&

Chinese Cybersecurity Watchdog Alleges US Stole $13.2B in Bitcoin Five Years Ago

The China National Computer Virus Emergency Response Center (CVERC) has accused the U.S. government of unlawfully seizing 127,271 BTC, valued at approximately $13.2 billion, which they claim originated from a mining pool hack in December 2020. This Bitcoin was allegedly linked to Chen Zhi, a Cambodian businessman

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