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11 months, 2 weeks 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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bob wrote a new post
11 months, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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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bob wrote a new post
11 months, 2 weeks 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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bob wrote a new post
11 months, 2 weeks 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, 2 weeks 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, 2 weeks 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…
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11 months, 2 weeks agoBitcoin NFT Frenzy Hits Sotheby's as Super Mario Mushroom Character Sells for $200K
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…
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bob wrote a new post
11 months, 2 weeks 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 for the cryptocurrency…
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11 months, 2 weeks agoCoinbase Launches Project Diamond: A Smart Contract-Powered Platform for Institutional Crypto Adoption
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 con…
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11 months, 2 weeks agoSecurity Update: Ledger Connect Kit Addresses Cyber Attack with Swift Containment Measures
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…
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11 months, 2 weeks agoLedger's Connector Library Compromised, Leading to Crypto Wallet Exploits
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 i…
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bob wrote a new post
11 months, 2 weeks 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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bob wrote a new post
11 months, 2 weeks agoPositive Economic Indicators Show Strong Growth and Decrease in Unemployment
Despite popular predictions of an impending recession, the data continues to tell a different story. The annualized growth of the gross domestic product in the third quarter was a staggering 5.2%, the fastest pace…
