The Securities and Exchange Commission (SEC) chief, Gary Gensler, may change his stance on approving Spot Bitcoin ETFs. In a recent interview with CNBC, Gensler mentioned that the courts of Washington DC have provided their input on the matter, following multiple rejections of similar applications in the past.The SEC currently has several filings on its […]
A recent exploit in the Ledger Library, which is integrated into many cryptocurrency projects, has caused widespread concern and market instability. This event highlights the pervasive risks in the digital asset landscape, particularly in the emerging field of decentralized finance (DeFi).The core of the crisis lies in a critical vulnerability in the “LedgerHQ” library, a […]
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 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 […]
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 risk of theft and has exposed severe vulnerabilities in Ledger’s systems.The attack involved hackers replacing Ledger’s connector library with a corrupted version, allowing them to hijack […]
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” into the NPM package, which allowed the attackers to hijack the front end of multiple apps and steal hundreds of thousands of dollars worth of assets. […]
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 expand its rewards program to enterprise partners such as exchanges, neobanks, banks, payment companies, and browsers.Since its launch in 2018, Lolli has […]
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 […]
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 […]
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 […]
