Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, announced on Thursday the expansion of its operations in Australia, having secured formal registration with the country’s anti-money laundering regulator, AUSTRAC. The exchange's Australian arm, Gemini Intergalactic Australia Pty Ltd, is now officially registered with AUSTRAC, Australia’s financial intelligence and anti-money laundering regulator, as the digital currency provider. Registering with Austrac is necessary before offering cry ...

Core Points - The lawsuit against TaskUs alleges a significant data breach affecting Coinbase customers, with claims of a coordinated criminal campaign involving numerous employees [5][4][2] - Coinbase estimates that customers have lost up to $400 million due to the breach, with many victims suffering substantial financial losses [4][9] - The breach has reportedly affected at least 70,000 individuals, marking it as one of the largest security breaches in the cryptocurrency sector [5][4] Allegations of Negligence - TaskUs is accused of failing to monitor its computer network adequately, which allowed the breach to occur and continue without detection [7][8] - The lawsuit claims that TaskUs had policies in place to protect sensitive data, but these were poorly enforced and ineffective [7][8] - Employees allegedly exploited their access to sensitive information, with some reportedly taking photographs of data to sell to criminals [12][13] Impact on Victims - Victims of the breach have faced ongoing threats, including identity theft and physical attacks, with many receiving harassing communications from criminals [3][9] - The lawsuit highlights that victims were not given timely information to protect themselves, leading to significant financial losses [6][4] - The potential for future fraud and identity theft remains high, as the stolen data can be used for various criminal activities [10][9] Financial Motives - The average salary for TaskUs employees in India is significantly lower than their U.S. counterparts, which may have created financial incentives for involvement in the breach [12] - Allegations suggest that employees could earn substantial sums by selling sensitive information, with claims of bribes amounting to over $500,000 [13][12] Timeline of Events - The conspiracy is believed to have started as early as September 2024, with the breach being discovered in January 2025, but not disclosed to the public until May 2025 [14][18] - TaskUs employee Ashita Mishra was identified as a key figure in the conspiracy, allegedly taking hundreds of pictures of sensitive data [15][14] Company Responses - Coinbase's public statements regarding the breach have been described as misleading, with claims that the company delayed disclosure until threatened with a ransom [18][19] - The lawsuit demands compensation for victims and calls for reforms in TaskUs' operational infrastructure to prevent future breaches [20]

Santander-owned digital bank Openbank launched a cryptocurrency trading service.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Openbank customers in Germany can buy, sell or hold Bitcoin, Ether, Litecoin, Polygon ...

The digital banking arm of Spanish financial giant Santander Group, Openbank, opened cryptocurrency trading for customers in Germany, with plans to add its home market in the next few weeks. The new service allows users to buy, sell and hold five popular cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC) and cardano (ADA), according to a press release. The cryptocurrencies are available alongside stocks, ETFs and investment funds. Customers can trade without moving funds to an ...

财务数据显示，Gemini在2025年上半年实现交易量248亿美元，较2024年同期的166亿美元增长49.4%。 然而，公司收入却出现下滑，2025年前六个月收入为6861万美元，低于2024年同期的7432万美元。 周五，加密交易所Gemini Space Station(GEMI.US)登陆美股市场，开盘暴涨超45%，报40.71美元，并触 及熔断。IPO价格为28美元。Gemini成立于2014年，目前在60多个国家运营，累计交易量超过2850亿美 元，平台资产超过210亿美元，拥有150万交易用户。截至6月30日，公司持有4002枚比特币和10444枚以 太币。 ...

Group 1 - Robinhood is gaining popularity due to its investments aimed at attracting cryptocurrency traders [1] - The stock prices referenced were from the afternoon of July 8, 2025 [1] - The video discussing this information was published on July 10, 2025 [1]

Investment Rating - The report assigns an "Overweight" rating to Futu Holdings Ltd, with a price target increase from US$140.00 to US$160.00, indicating a potential upside of 23% from the current price of US$130.53 [6]. Core Insights - Futu Holdings is positioned to capitalize on the growing cryptocurrency market, which has seen its market cap rise to US$3.4 trillion from US$2 trillion in the past year, with spot trading volume reaching US$18.8 trillion in 2024 [2][18]. - The company has obtained necessary licenses to operate in the cryptocurrency space, including a brokerage license in 2H24 and a VATP license in January 2025, allowing it to offer a range of crypto services [3][4]. - Futu's competitive advantages include a strong brand reputation, a large existing client base, and a comprehensive service offering that enhances trust among potential crypto investors [3][10]. Summary by Sections Market Opportunity - The cryptocurrency market is experiencing significant growth, with a market cap of US$3.4 trillion as of mid-2025, driven by regulatory developments that encourage traditional financial institutions to participate [2][18]. - Futu's strategy includes expanding its crypto offerings to deepen client wallet penetration, particularly in Hong Kong and Singapore, where over 60% of client assets are estimated to be held [8][10]. Revenue Potential - Futu could see an incremental revenue of HK$3.4 billion from spot trading by 2027 if crypto assets grow to 12% of total client assets, compared to an expected gross profit of HK$14.3 billion in 2025 [4][11]. - Additional revenue streams could arise from stablecoins, derivatives, and margin finance, contingent on a clear regulatory framework [4][11]. Regulatory Environment - The Hong Kong SFC has introduced a comprehensive regulatory roadmap for virtual assets, which includes licensing for various crypto-related activities, enhancing the market's credibility and operational framework [9][31]. - The regulatory landscape is evolving, with expectations for further developments in custody, derivatives, and margin trading, which will expand the total addressable market for firms like Futu [36][37]. Competitive Landscape - Futu's established brand and regulatory compliance position it favorably against emerging competitors in the crypto space, allowing it to leverage its existing client relationships to promote crypto adoption [10][83]. - The company has seen significant growth in client numbers and assets, with a 41% increase in funded accounts from 2023 to 2024, indicating strong market demand for its services [85][86]. Client Engagement - Futu's client assets grew at a compound annual growth rate (CAGR) of 33% over the past two years, reaching HK$829 billion in Q1 2025, reflecting increasing client trust and engagement [86][90]. - The firm aims to enhance its offerings through investor education and competitive pricing, which are critical for attracting both retail and high-net-worth clients [10][58].

Group 1 - Robinhood Markets Inc. (HOOD) is expected to be included in the S&P 500 Index, with an announcement anticipated soon [1][2] - The company meets the criteria for inclusion, having a market capitalization of nearly $63 billion and consistent profitability over the last four quarters [2][9] - Inclusion in the S&P 500 could lead to increased demand from index funds and passive investors, potentially boosting HOOD's stock price and liquidity [3][9] Group 2 - HOOD's stock has surged 94% year-to-date, driven by product expansion, acquisitions, and favorable developments in the cryptocurrency market [4][9] - The recent inclusion of competitor Coinbase Global (COIN) in the S&P 500 saw its shares rise 33.7%, indicating potential positive market reactions for HOOD as well [5] - Another competitor, Interactive Brokers (IBKR), is also a candidate for inclusion, with a market cap of approximately $87 billion and a 16.6% stock gain this year [6] Group 3 - Robinhood's potential inclusion symbolizes the growing influence of retail trading platforms in mainstream finance and reflects a shift towards democratized investing [7] - Currently, HOOD shares are trading at a significant premium, with a forward price-to-earnings (P/E) ratio of 54.33 compared to the industry average of 13.61 [10] - The Zacks Consensus Estimate indicates earnings growth of 11.9% for 2025 and 20.5% for 2026, with recent estimates showing stability and slight upward movement [12]

Group 1 - Coinbase reported that at least 69,461 customers had their personal and financial information stolen during a data breach [1] - The breach occurred from December 26, 2024, until earlier this month, when Coinbase received a ransom note from the hacker [2] - The hacker demanded a ransom of $20 million, which Coinbase refused to pay, and managed to bribe customer support workers to access customer data [2] Group 2 - The stolen data included customer names, email and postal addresses, phone numbers, government-issued identity documents, account balances, and transaction histories [3] - There are concerns that wealthy customers could be specifically targeted due to the nature of the stolen information [3]

Group 1 - Coinbase disclosed that a cybersecurity incident could cost the company between $180 million to $400 million, with ongoing investigations to determine the full impact [1][2] - The cyberattack involved social engineering tactics where attackers used stolen data to trick a small group of company insiders, affecting less than 1% of Coinbase's monthly transacting users [3] - Coinbase will voluntarily reimburse users who were deceived into sending funds to the attackers and has established a $20 million reward fund for information leading to the arrest of the perpetrators [4] Group 2 - Social engineering fraud has surged by 56% in the past year, indicating a growing trend in advanced scams targeting consumers [5] - Financial institutions are urged to adopt a proactive and comprehensive approach to security and scam protection, as traditional fraud prevention measures are becoming less effective against evolving threats [6]