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11 months, 1 week agoEl Salvador Approves Volcano Bitcoin Bonds to Fund Bitcoin City Construction
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes r…
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11 months, 1 week agoKuCoin Settles Lawsuit with NY Attorney General, Pays $22 Million Penalty
New York Attorney General Letitia James has reached a $22 million settlement with KuCoin, one of the world’s largest cryptocurrency exchanges. The agreement resolves a lawsuit that accused KuCoin of operating w…
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11 months, 1 week agoCoinbase Expands International Exchange to Address Regulatory Uncertainty
US-based cryptocurrency exchange Coinbase has announced plans to expand its international exchange by offering spot trading. The move is in response to hesitancy among some users to trade on US venues due to…
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11 months, 1 week agoRegulatory Dispute Over Cryptocurrency Classification Creates Uncertainty for US Crypto Industry
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed concerns about the lack of clear regulatory guidelines for cryptocurrencies in the United States. He believes that…
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11 months, 1 week agoNasdaq Shifts Focus to Carbon Markets with Blockchain Technology
Nasdaq, the largest stock exchange in the US, has decided to repurpose its blockchain technology developments after discontinuing its plans to launch a custodian business for digital assets due to regulatory…
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11 months, 1 week agoArgentina's New President Implements Peso Devaluation and Cuts Subsidies, Paving the Way for Cryptocurrency Adoption
Argentina’s new President, Javier Milei, has implemented a 50% devaluation of the Argentine peso and made cuts to energy and transportation subsidies. This move has caused the peso’s value to drop from 400 to 800…
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11 months, 1 week agoIMF Managing Director Urges Comprehensive Crypto Regulations for Financial Stability
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has highlighted the urgent need for comprehensive regulations in the cryptocurrency industry. Speaking at a panel discussion…
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11 months, 1 week agoPhilippines SEC Chair Announces Plans to Block and Ban Binance within Three Months
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 s…
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11 months, 1 week agoNew Accounting Standards Update Enhances Crypto Asset Accounting and Disclosure
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 is in response to…
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11 months, 1 week agoLedger's Connector Library Breached, Posing Significant Risk to Wallet Users
In a major security breach, hackers have targeted Ledger’s connector library, compromising numerous decentralized applications (dApps) that rely on Ledger’s technology. This breach has put Ledger wallet users at…
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11 months, 1 week agoSupply Chain Attack on LedgerConnect Kit Results in Theft of Over $480,000 in Assets
In a recent security breach, unknown attackers targeted Ledger, a popular hardware wallet provider, with the aim of exploiting their LedgerConnect kit. The attack involved injecting a “wallet-draining payload” int…
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11 months, 1 week agoLGT Completes Acquisition of Abrdn's Discretionary Fund Management Business, Expanding Regional Presence
LGT has successfully completed the acquisition of Abrdn’s discretionary fund management business in the UK and Jersey. This £140m deal, which was initially announced in February, has allowed LGT Wealth Ma…
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11 months, 1 week agoLiechtenstein's LGT Group Thrives as Finance Empire Expands Globally
The finance empire of Liechtenstein’s Prince Hans-Adam II, which has been in existence for almost 1,000 years, is thriving. LGT Group, the royal family’s private banking and asset-management firm, reported rec…
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11 months, 1 week ago2023 United Nations Climate Change Conference in Dubai to Focus on Reaffirming Paris Agreement Goals
The upcoming United Nations Climate Change Conference, COP28, in Dubai is set to address the goals of the Paris Agreement and accelerate progress towards achieving them. Christopher Greenwald, Head of Sustainable…
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11 months, 1 week agoLolli Raises $8 Million in Series B Funding to Expand Bitcoin Rewards Program
Lolli, a popular Bitcoin rewards application, has successfully raised $8 million in a Series B funding round, according to a report by TechCrunch. The investment, led by BITKRAFT Ventures, will allow Lolli to…
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11 months, 1 week agoSafeMoon Token Plunges 31% as Company Files for Bankruptcy
The token of decentralized finance protocol SafeMoon (SFM) experienced a significant drop of 31% in just five hours following the company’s bankruptcy filing. SafeMoon filed for Chapter 7 bankruptcy protection, w…
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11 months, 1 week agoNew Accounting Standards Update Enhances Crypto Asset Accounting and Disclosure
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…
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11 months, 1 week agoHacker Pleads Guilty to $12M Solana DeFi Hacks in Landmark Smart Contract Fraud Case
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…
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11 months, 1 week agoFinancial Regulators Call for Legislation to Address Cryptographic Risks
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…
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11 months, 1 week agoValkyrie Enhances Bitcoin ETF Filing with Stronger Custody and Valuation Rules
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…
