A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
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 […]
Binance, one of the leading cryptocurrency exchanges, recently conducted a survey to understand how its users are utilizing crypto in their daily lives. The survey revealed that a majority of users believe that crypto can help reduce income inequality. Over three-quarters of the respondents stated that they use crypto to earn additional income alongside their […]
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the regulatory body is reevaluating its stance on spot Bitcoin exchange-traded funds (ETFs). Gensler mentioned that recent court rulings in the District of Columbia have prompted the SEC to take a fresh look at these applications. Historically, the SEC has […]
The Securities and Exchange Commission (SEC) is implementing new disclosure requirements for public companies regarding material cybersecurity incidents. These requirements aim to provide investors with timely and consistent information about risks that can cause significant losses. The rules have two components: companies must disclose material cybersecurity incidents within four business days of determining their materiality, […]
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]
Cryptocurrency exchange Binance has announced that it will be ending support for its BUSD stablecoin on December 15, 2023. This decision comes as a result of regulatory crackdowns faced by BUSD, which is issued by Paxos. Binance will gradually phase out its relationship with the coin.In a notice issued by Binance, it was stated that […]
The launch of the First Trust Bitcoin Buffer 30 ETF could have a significant impact on the cryptocurrency investment landscape. This unique ETF offers protection for investors by shielding them from the initial 30% loss in the underlying ETP. Unlike regular Bitcoin ETFs, the Butter ETF provides downside risk mitigation and caps potential gains. This […]
