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11 months 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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11 months 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 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 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 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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11 months 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 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 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 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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11 months 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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11 months 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…
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11 months agoIMF Managing Director Urges Comprehensive Crypto Regulations for Financial Stability
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…
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11 months agoDOJ Indicts Four Individuals in $80 Million Cryptocurrency Scam
The Department of Justice (DOJ) has recently targeted four individuals involved in an $80 million cryptocurrency investment scam. The scheme involved laundering over $20 million through shell companies. The…
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11 months agoZurich Startup Rulematch Partners with Luzerner Kantonalbank to Launch Exclusive Crypto Trading Platform for Financial Institutions
A former top manager of Credit Suisse and Bitcoin Suisse has launched a new cryptocurrency trading platform called Rulematch, with the support of Luzerner Kantonalbank. The Zurich-based startup is exclusively…
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11 months agoBasel Committee Proposes Measures to Enhance Stability of Stablecoins
The Basel Committee on Banking Supervision, a part of the Bank for International Settlements (BIS), has proposed measures to enhance the stability of stablecoins. These measures aim to refine prudential standards…
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11 months agoTeylor and Taurus Partner to Tokenize SME Loans and Provide Monthly Cashflows
Teylor, a German fintech firm, has partnered with digital asset infrastructure provider Taurus to tokenize small and medium enterprise (SME) loans. Through Teylor’s credit platform, SME loans will be originated a…
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11 months agoZurich-based Asset Manager Holinger Expands Team with Senior Portfolio Manager
Zurich-based asset manager Holinger has expanded its team with the addition of a new portfolio manager. Leonardo Spangaro has been hired as a senior portfolio manager at Holinger Asset Management, specializing in…
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11 months agoTMX Group to Acquire VettaFi, Expanding into Blockchain ETFs
TMX Group, the operator of Canadian stock exchanges, is set to acquire VettaFi, a major player in the exchange-traded fund (ETF) industry. The deal, valued at $1.03 billion, will see TMX Group acquire the remaining…
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11 months agoTeylor and Taurus Collaborate to Launch Blockchain-Based Securities for SME Lending
Teylor, a European SME lending company, and Taurus, a crypto startup, have joined forces to launch a blockchain-based security that aims to make SME loans accessible as an asset class. Previously, it has been…
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11 months agoRussia Explores Allowing Crypto Miners to Export Digital Coins as Products
Russia is considering a new proposal that would allow cryptocurrency miners to categorize the digital coins they generate as export products. This potential shift in regulation could create a framework for…
