The Financial Industry Regulatory Authority (FINRA), the self-regulatory organization that oversees securities broker-dealers in the United States, has included a section on crypto assets in its 2024 Annual Regulatory Oversight Report for the first time. This report is a tool that member firms can use to inform the development and operation of their compliance programs. […]
A false story recently circulated by multiple news outlets, following a tweet from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC). The tweet falsely claimed that the regulator had approved spot Bitcoin BTC $46,151 exchange-traded funds for the first time.However, in a Jan. 9 X post, SEC chair […]
The Securities and Exchange Commission (SEC) recently made headlines when it was announced that Bitcoin ETFs had been approved for listing on all national securities exchanges in the United States. However, this announcement was quickly debunked as false by SEC chairman Gary Gensler.Gensler clarified that the SEC’s Twitter account had been compromised and an unauthorized […]
It may be an exaggeration to say that bitcoin, currently trading close to $50,000, is a complete disaster. However, the exaggeration isn’t far from the truth. The industry, rather than creating practical tools that could withstand extreme scenarios such as a nuclear holocaust, has repeatedly demonstrated the necessity for regulation of this technology.Major technical failures […]
Blockchain security firm CertiK’s account on X was compromised due to an employee’s interaction with a scammer. This incident occurred just two days after CertiK published a report warning the DeFi sector about the need to decrease the correlation between the money deposited into it and the total amount lost in hacks and scams. The […]
Wallet drainers are now targeting Ethereum (ETH), Solana (SOL), and Tron (TRX) communities to execute phishing scams. Previously, these scammers focused on conducting crypto scams via EVM chains. However, they have now expanded their reach into well-established crypto groups.According to a post by Scam Sniffer, these phishing scams are initiated by attracting crypto enthusiasts via […]
Bill Hwang, the founder of the now-defunct financial firm Archegos, has leveled serious allegations against the prosecuting attorney’s office. The accusations revolve around the trading data of the company, which spectacularly collapsed in 2021, causing the major bank Credit Suisse to lose several billion and a lot of trust.The double scandal involving Archegos Capital Management […]
Binance, the world’s leading cryptocurrency exchange by trading volume, has published its 12th audit of reserves. The report, conducted on January 01, reveals that all coins held by customers on the exchange are 100% backed. The reserves include 597,658.074 Bitcoins (BTC), 4,265,238.882 Ethereum (ETH), nearly 32 million BNB, and USDT stablecoins amounting to 16.85 billion, […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. This move comes as the company prepares to emerge from its Chapter 11 filing in December 2022. The equity offering was oversubscribed, leading to excess capital being returned to investors.Adam Sullivan, CEO of Core Scientific, stated […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. The offering was oversubscribed, leading to the return of excess capital to investors. Following the full repayment of previously drawn amounts on its debtor-in-possession (DIP) financing, the company is set to emerge from Chapter 11 in […]
