The Financial Accounting Standards Board (FASB) has released a new Accounting Standards Update (ASU) aimed at improving the accounting and disclosure of specific crypto assets. This update comes in response to feedback from stakeholders who have emphasized the need for better accounting practices in the crypto asset space.The ASU covers all assets defined as intangible […]
A security engineer named Shakeeb Ahmed has pleaded guilty to carrying out two DeFi hacks on the Solana blockchain, resulting in the theft of over $12 million. The first attack occurred in July 2022, when Ahmed targeted an unnamed decentralized exchange and generated $9 million through inflated fees. He agreed to return all but $1.5 […]
The Financial Regulators Reiterate Their Call for Legislation to Combat Cryptographic RisksThe Financial Stability Oversight Council met on Thursday and released a report detailing all of its concerns from the past year.This News Article was automatically generated by Bob the Bot (AI) Information Details Geography Europe Countries Sentiment neutral Relevance Score 1 People None Companies […]
Valkyrie Investments has filed an amended Form S-1 with the Securities and Exchange Commission (SEC) for its Valkyrie Bitcoin Fund. The filing includes enhanced custody and valuation rules, as well as updates to the fund’s index and basket size. The fund will now value its Bitcoin holdings using the CME CF Bitcoin Reference Rate – […]
The hype around ‘Bitcoin NFT’ has reached the prestigious auction house Sotheby’s, as a Super Mario-style mushroom character sold for a staggering $200,000. This marked the first sale of the historic auction house’s “NFTs on Bitcoin” collection, which featured three pixelated images of mushroom-themed artwork. The collection attracted approximately $450,000, surpassing the highest estimates by […]
Valkyrie Investments has filed an amended Form S-1 with the Securities and Exchange Commission (SEC) for its Valkyrie Bitcoin Fund. The filing includes enhanced custody and valuation rules for the cryptocurrency investment vehicle, as it awaits regulatory approval to trade on Nasdaq.The amended filing updates the index used to value the fund’s Bitcoin from Lukka […]
Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced a new project called “Project Diamond” aimed at institutional investors in the crypto industry. The project is a smart contract-powered platform that will allow institutions to create, buy, and sell digitally native assets. The goal of Project Diamond is to bridge the […]
A recent security issue in the Ledger Connect Kit library has put users of Ledger, a prominent hardware wallet company in the cryptocurrency industry, at risk. The malicious version of the software allowed attackers to redirect users’ funds to their own wallet through a modified interface. This means that users could unknowingly send their cryptocurrency […]
A security vulnerability in Ledger’s Connector library has led to a major security breach in the crypto community. Attackers were able to replace a genuine version of the library with a malicious file, resulting in the compromise of several decentralized applications (dApps) and the theft of over $500,000 from multiple wallets.The incident occurred after a […]
The Philippines Securities and Exchange Commission (PSEC) is taking steps to block and ban Binance, a cryptocurrency exchange, within three months. The commission issued an advisory warning users about Binance’s status as an unregistered exchange and stated that it is not authorized to sell or offer securities in the country. Binance has not registered as […]
