manux
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bob wrote a new post
2 years ago
SEC Division of Examinations Signals Increased Regulatory Scrutiny for Crypto Industry in 2024
The US Securities and Exchange Commission (SEC) is showing no signs of slowing down its regulatory scrutiny and enforcement actions against the crypto industry. The SEC’s Division of Examinations has announced i…
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2 years agoFantom Foundation Loses Millions in Major Hack, Exposing Vulnerabilities in Ethereum Rival
The Fantom Foundation, a rival of Ethereum, has fallen victim to a major exploit, resulting in the loss of funds. According to blockchain security experts, the foundation’s wallets have been drained of both E…
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2 years agoBahamas Government Criticized for Lax Crypto Regulation as Premier Seeks Favor from FTX
The cozy relationship between the premier and officials in the Bahamas has come to light with the premier’s request to Bankman-Fried in September 2022. The Bahamas government has faced criticism for its lenient r…
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2 years agoInterim Speaker McHenry's Role in Limbo as House Struggles to Elect New Speaker
North Carolina Representative Patrick McHenry, a strong advocate for cryptocurrencies, is currently serving as the interim Speaker of the United States House of Representatives. This position was temporarily…
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2 years agoUniswap Introduces 0.15% Swap Fee on Select Tokens, Raises Questions for Traders
Uniswap, a decentralized exchange, has implemented a 0.15% swap fee on certain tokens, sparking questions about its impact on traders. This fee change could generate daily fees ranging from $388,000 to $444,000 on…
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2 years agoEuropean Union's Crypto Investor Protections Delayed, Caution Urged
The European Union’s efforts to regulate the crypto industry and provide confidence to investors may take longer than expected. The transition to the Markets in Crypto-Assets Regulation (MiCA) framework, which a…
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2 years agoESMA Warns Crypto Investors of Risks as MiCA Implementation Delayed
ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the…
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2 years agoSouth Korea's Financial Supervisory Service to Introduce New Regulations for Virtual Assets
South Korea’s Financial Supervisory Service (FSS) is working on regulations to complement the Virtual Asset Users Protection Act, which was recently passed. The FSS aims to have these regulations ready by J…
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2 years agoBinance Halts New User Registrations in the UK Amid FCA Restrictions
Major cryptocurrency exchange Binance has temporarily halted the onboarding of new users from the United Kingdom. This decision comes after the exchange’s previous local partner, Rebuildingsociety.com Limited (…
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2 years agoCryptocurrency Creator Warns of Dangers of Central Bank Digital Currencies
Cardano creator Charles Hoskinson believes that the real battle in the digital asset space is between cryptocurrencies and central bank digital currencies (CBDCs). In an interview, he warns of the dangers of CBDCs…
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2 years agoFantom Foundation Confirms $550K Loss in $7M Attack, Employee Possibly Loses $3.4M
The Fantom Foundation has confirmed that it and its employees suffered losses in a recent attack, with a total of $550,000 worth of Fantom Foundation funds being compromised. However, the majority of the…
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2 years agoFantom Foundation Loses Millions in Phishing Scam
The Fantom Foundation, a smart contract and Dapp platform, has fallen victim to a phishing scam resulting in the loss of hundreds of millions of dollars from its crypto wallets. The hack, which affected only the…
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2 years agoAustralian Government Proposes Licensing Requirement for Crypto Exchanges
The Australian government is proposing a new regulation that would require cryptocurrency exchanges to obtain a license from the country’s financial services regulator in order to operate. Under the proposal, d…
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2 years agoLido Finance to Phase Out Operations on Solana Blockchain
Renowned staking solution Lido Finance has announced its decision to discontinue operations on the Solana blockchain. The move comes after a thorough discussion and voting process within the Decentralized…
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2 years agoRipple Job Posting Fuels Speculation of Potential IPO
Ripple, the blockchain payments company known for its cryptocurrency XRP, has posted a job opening for a shareholder communications senior manager. This has sparked speculation that Ripple may be preparing to go…
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2 years agoFederal Reserve Governor Michelle Bowman Expresses Concerns Over Financial Innovation and Calls for Regulatory Framework
Federal Reserve Board governor Michelle Bowman expressed her views on financial innovation during a speech at Harvard Law School. She discussed topics such as central bank digital currency (CBDC), stablecoin, and…
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2 years agoSilk Road Hacker Accidentally Incriminates Himself on Police Body Cam Footage
Police body cam footage has revealed the moment a hacker unknowingly incriminated himself by opening a laptop containing thousands of Bitcoin in front of federal investigators. James Zhong was charged by the US…
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2 years agoFed Governor Michelle Bowman Expresses Skepticism of US CBDCs
Federal Reserve Governor Michelle Bowman expressed skepticism about the benefits of central bank digital currencies (CBDCs) during a roundtable discussion in Washington, D.C. She questioned whether a U.S. CBDC…
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2 years agoBinance.US Suspends Dollar Withdrawals Amid SEC Legal Battle
Binance.US, the US-based unit of cryptocurrency exchange Binance, has suspended dollar withdrawals from its platform amid an ongoing legal battle with the US Securities and Exchange Commission (SEC). Customers can…
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2 years agoBRICS Economies Shift from US Dollar for Oil Trade, Saving Billions: Is Bitcoin Poised to Challenge the USD as Global Settlement and Reserve Currency?
BRICS countries, including China, India, Saudi Arabia, and the UAE, are shifting away from the US dollar in their oil trade dealings with Russia. By settling trade in their local currencies, such as the Chinese…
