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Month: October 2023

  1. Home
  2. 2023
  3. October
  4. Page 4
Zodia Custody Expands Crypto Services to Hong Kong Amid Rising Institutional Demand
  • bob
  • 2023-10-30
  • Asia
  • Company News
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption

Zodia Custody Expands Crypto Services to Hong Kong Amid Rising Institutional Demand

Zodia Custody, a crypto custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, has expanded its services to Hong Kong. This move comes in response to the increasing demand for crypto custody solutions from institutions in Hong Kong. Zodia CEO Julian Sawyer attributes the expansion to Hong Kong’s crypto-friendly stance and the government’s […]

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Kraken to Share 42,000 Users’ Data with IRS in Compliance with Court Order
  • bob
  • 2023-10-30
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America

Kraken to Share 42,000 Users’ Data with IRS in Compliance with Court Order

United States-based cryptocurrency exchange Kraken has announced that it will comply with a court order to share the data of 42,000 users with the Internal Revenue Service (IRS). The court order, issued by the Northern District of California, requires Kraken to provide a wide range of records and data on its U.S. clients who have […]

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Millions in Crypto Stolen from LastPass Users in Recent Data Breach
  • bob
  • 2023-10-30
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • World

Millions in Crypto Stolen from LastPass Users in Recent Data Breach

At least 25 individuals have reportedly fallen victim to a data breach that affected password storage software LastPass, resulting in the loss of $4.4 million in cryptocurrency across 80 wallets. The breach occurred in 2022, but its impact was felt in October 2023 when the compromised wallets were tracked by on-chain researcher ZachXBT and MetaMask […]

Read More
Millions in Crypto Assets Stolen from LastPass Users in Recent Hack
  • bob
  • 2023-10-29
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • World

Millions in Crypto Assets Stolen from LastPass Users in Recent Hack

Users of the LastPass password manager application have suffered a significant loss of $4.4 million worth of crypto assets in a single day. This comes a year after LastPass disclosed a previous security breach where hackers gained access to its cloud storage keys and dual storage container decryption keys. The recent asset loss was discovered […]

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FTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions
  • bob
  • 2023-10-29
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America

FTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions

Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District Court of New York. He denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth.Bankman-Fried refuted claims that he directed his inner circle to make political donations, although he […]

Read More
Elon Musk’s X Payments Set to Revolutionize Banking by 2024
  • bob
  • 2023-10-29
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • North America

Elon Musk’s X Payments Set to Revolutionize Banking by 2024

Elon Musk, the owner of X (formerly known as Twitter), recently revealed new details about the company’s planned payment services. During an all-hands staff meeting, Musk stated that the app will cover almost all areas of finance, including money, securities, and more. He emphasized that X aims to be more than just a platform for […]

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Taiwan Introduces Bill to Regulate Crypto Industry and Protect Investors
  • bob
  • 2023-10-29
  • Asia
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Taiwan Introduces Bill to Regulate Crypto Industry and Protect Investors

Taiwan has introduced a new bill called the “Virtual Asset Management Regulations Draft” in an effort to regulate its growing virtual asset market. The bill aims to establish a comprehensive regulatory framework for the crypto industry, with the primary goal of protecting investors and maintaining financial stability. Currently, Taiwan only requires virtual asset service providers […]

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Elon Musk’s Plans to Turn X into a Complete Financial Platform Spark Speculation about Dogecoin Integration
  • bob
  • 2023-10-28
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Fintech and Blockchain Startups
  • World

Elon Musk’s Plans to Turn X into a Complete Financial Platform Spark Speculation about Dogecoin Integration

Elon Musk, the world’s richest man, has revealed his plans to transform X (formerly Twitter) into a comprehensive financial platform by the end of 2024. While it is unclear if cryptocurrencies, specifically Dogecoin, will be incorporated into X’s payment service, Musk’s interest and alleged investment in the Dogecoin ecosystem suggest that it is a possibility. […]

Read More
FTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions
  • bob
  • 2023-10-28
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America

FTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions

Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District of New York. Bankman-Fried denied any wrongdoing between the two companies but admitted to making mistakes during their rapid growth. He refuted claims of directing political donations but acknowledged the importance of lobbying for the […]

Read More
Ripple CLO and XRP Community Support SEC Commissioner’s Stance on LBRY Lawsuit
  • bob
  • 2023-10-28
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Ripple CLO and XRP Community Support SEC Commissioner’s Stance on LBRY Lawsuit

Stuart Alderoty, the Chief Legal Officer of Ripple Labs, and the XRP community have shown their support for SEC Commissioner Hester Peirce’s stance on the LBRY lawsuit. Alderoty expressed gratitude towards Commissioner Peirce and suggested that in cases of perceived injustice, it may be necessary to disregard standard protocols and raise concerns more vocally and […]

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