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 without proper registration as a securities and commodities broker-dealer, in violation of state laws.As part of the settlement, KuCoin will refund over $16.7 million […]
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 many cryptocurrencies should be considered commodities under existing laws. Behnam argues that the rapid development of this new technology requires a fresh approach to […]
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 with the South Korean government and central bank, Georgieva emphasized the potential risks associated with the growing popularity of cryptocurrencies and stressed the importance of establishing 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 […]
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 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 […]
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 […]
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 […]
