The head of the International Monetary Fund (IMF) has called for regulations on cryptocurrencies, citing the risks they pose to financial stability. Speaking at a conference in Seoul, IMF Managing Director Kristalina Georgieva emphasized the need to address the risks associated with crypto assets, noting their increasing popularity and adoption in emerging market economies. Georgieva […]
Ledger, a popular cryptocurrency hardware wallet provider, recently addressed a security vulnerability that affected multiple decentralized applications (DApps) on its platform. The vulnerability stemmed from a phishing attack on a former Ledger employee, enabling a hacker to gain access to the employee’s NPMJS account and upload a malicious version of the Ledger Connect Kit.The malicious […]
Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into the future of the cryptocurrency landscape, specifically focusing on 2024. He discussed predictions regarding Ripple’s ongoing legal dispute with the Securities and Exchange Commission (SEC), the potential influence of the judiciary on crypto regulations, and the challenges that may arise in Congress.Alderoty predicts that Ripple’s […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules for cryptocurrency transactions. Coinbase’s chief legal officer, Paul Grewal, criticized the SEC’s decision, calling it an “abdication of its duty.” Grewal highlighted the need for regulatory clarity […]
The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities. The petition, which was filed in July 2022, requested rules to regulate securities offered and traded through digital methods.SEC chair Gary Gensler announced the commission’s decision in […]
Tether, the popular stablecoin issuer, has taken action against hackers who exploited the Ledger network. The addresses of the attackers have been frozen, preventing them from accessing the funds they stole. However, it is important to note that they may still be able to carry out transactions involving other digital assets.The attack on the Ledger […]
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of Swiss francs per day just by being physically present in court. The case, which is still ongoing, is just the […]
