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Unnamed staffer stole $724,620, says bank.Bank will write off most of the losses.Police set to investigate.A loans manager at the South Korean financial institution Kwangju Bank embezzled $724,620 from the bank and spent it on crypto investments.The lender says the unnamed manager stole the money between May and November 2023, but only realised the funds were gone in the second half of this year, wrote KBC News.“We discovered this embezzlement case during a recent review of project financing loan interest history data,” a Kwangju Bank spokesperson said. “We will decide on the level of disciplinary action we will take once…

Join Our Telegram channel to stay up to date on breaking news coverage The Solana price has rise over 1% in the last 24 hours to trade at $139 as of 4:00 a.m. EST on a 38% decrease in the daily trading volume to $5.7 billion. That slight jump in the SOL price comes as 21Shares, one of the top asset managers in cryptocurrency, officially filed its prospectus for a new spot Solana ETF in the United States. Additionally, the Chicago Board Options Exchange (Cboe) has already approved the registration and listing of this fund as well. 🚨JUST IN: The…

Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the company’s executives. In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon testified about the guilty plea of Ryan Salame, the former co-CEO of FTX Digital Markets, which resulted in his sentencing to more than seven years in prison. According to reporting from Inner City Press, Sassoon said that her team would “probably not continue to investigate [Salame’s] conduct” if he agreed to plead…

Michael Selig’s nomination to chair the US Commodity Futures Trading Commission is headed for a vote on the Senate floor after clearing a committee hurdle. In a Thursday notice, Republican leaders with the Senate Agriculture Committee said they had advanced Selig’s nomination following a Wednesday hearing. The vote was reportedly along party lines, with no Democrats supporting Selig as US President Donald Trump’s pick to replace acting Chair Caroline Pham. Source: Senate Agriculture Committee RepublicansThe prospective CFTC chair answered questions from senators on Wednesday regarding potential conflicts of interest, his policy positions on DeFi and digital assets and the dearth of…

Crypto.com to Also Provide OTC Trading Capabilities for VerifiedXNEW YORK, Nov. 21, 2025 /PRNewswire/ — Crypto.com and the VerifiedX (VFX) Network (VerifiedX.io), the people’s network and a global leader in self-custody and Web3 wallet infrastructure, today announced that Crypto.com will provide VerifiedX secure institutional-grade custody and liquidity support for $1.5 billion in assets, as well as OTC trading capabilities.Through this partnership, eligible institutions using VerifiedX can securely store, manage, and transact digital currencies using Crypto.com’s regulated, institutional-grade custody platform. Crypto.com’s custody service offers multi-user permissions, customizable governance workflows, and insured custody solutions, meeting growing demand for scalable, low-cost, and compliant blockchain infrastructure.“Crypto.com…

San Francisco, USA/CA, November 20th, 2025, ChainwireNumerai, a San Francisco–based hedge fund and data science tournament uniting machine learning, decentralized finance, and cryptocurrency incentives, today announced a $30 million Series C financing round led by top university endowments. The round values Numerai at $500 million, five times its 2023 valuation.J.P. Morgan Asset Management’s August 2025 commitment of up to $500 million in Numerai’s hedge fund capacity, together with the new equity financing, provides Numerai with additional resources to scale its AI-driven strategies toward nearly $1 billion in assets under management (AUM).Existing investors — including Union Square Ventures, Shine Capital, and…

Zug, Switzerland, November 20th, 2025, ChainwireOver the past few years, three different teams, Codex, Nomos, and Waku, have been building essential pieces of decentralised technology. Each had its own identity, its own community, and its own product roadmap. But underneath the different projects was one shared goal: to create a social movement and decentralised technology stack to revitalise civil society.Today, they push their mission forward and chart a new path. Codex, Nomos, and Waku are unifying under one brand and one mission: Logos.This consolidation represents the next step in a movement that’s been steadily growing with over 200 active contributors,…

Denver, Colorado, USA, November 19th, 2025, ChainwireTapbit, a leading global cryptocurrency exchange, proudly celebrates its fourth anniversary. Since its founding in 2021, Tapbit has upheld the core values of security, stability, and innovation, providing efficient and reliable digital asset trading services to users worldwide. Over the past four years, Tapbit has established itself as a prominent player in the crypto trading industry, gaining widespread recognition for its robust technology, market performance, and user trust.“Four years is just the beginning. We believe that trust and innovation are the core competitive advantages of a cryptocurrency exchange.” – Lucas, CEO of TapbitFrom Startup to Takeoff:…

NEW YORK, Nov. 20, 2025 /PRNewswire/ — Global investment and fintech powerhouse Touareg Group has announced the official launch of Touareg Group Technologies Co., capitalized with a paid-up fund of USD 1 billion. At the heart of this milestone is TrustglobeX, the Group’s flagship crypto exchange set to redefine the global digital-asset industry through unmatched liquidity, cutting-edge infrastructure, and a bold international vision.TrustglobeX represents the cornerstone of Touareg Group’s expansion into the digital-finance frontier. Designed for both institutional and retail markets, the exchange combines deep-liquidity architecture with lightning-fast transaction speeds and a multi-chain trading environment. Its hybrid wallet system delivers instant…

Yesterday’s (November 18) Cloudflare outage caused billions of dollars in losses as the internet seemingly came to a standstill. The disruption affected many users trying to access  X, Truth Social, Reddit, ChatGPT, Coinbase, Ledger, BitMEX, DefiLlama, and many more. Ironically, many of the affected platforms and websites were crypto-related, a sector that promotes decentralization. However, a single cloud hosting protocol going down in Cloudflare subsequently brought the internet to a standstill, highlighting just how centralized much of the World Wide Web still is. The Cloudflare (NET) share price tumbled -1.09% on the day as investors began selling off the stock…