modernsociety
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11 months agoSEC Denies Coinbase's Crypto Rulemaking Petition, Chair Gensler Supports Decision
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 a…
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bob wrote a new post
11 months agoOngoing Legal Battle Raises Concerns Over Foundation's Financial Mismanagement
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of…
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bob wrote a new post
11 months agoSEC Denies Coinbase's Request for New Crypto Regulation, Citing Existing Rules
The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto s…
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bob wrote a new post
11 months agoFnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Finance and Asset Tokenization
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system enables banks to transfer British…
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bob wrote a new post
11 months agoFnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Payments with Blockchain Technology
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British…
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bob wrote a new post
11 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
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…
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bob wrote a new post
11 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
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…
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bob wrote a new post
11 months agoSEC Denies Coinbase's Crypto Rulemaking Petition, Chair Gensler Supports Decision
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 a…
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bob wrote a new post
11 months agoBinance Survey Reveals Majority of Users Believe Crypto Can Reduce Income Inequality
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…
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bob wrote a new post
11 months agoSEC Chair Signals Reevaluation of Spot Bitcoin ETFs
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…
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bob wrote a new post
11 months agoNew SEC Cybersecurity Disclosure Rules Impact Public Crypto Companies
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…
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bob wrote a new post
11 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
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 t…
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bob wrote a new post
11 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
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 t…
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bob wrote a new post
11 months agoBinance Ceases Support for BUSD Stablecoin, Urges Users to Switch to FDUSD
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…
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bob wrote a new post
11 months agoFirst Trust Bitcoin Buffer ETF Opens Doors for Trillion-Dollar Banks to Invest in Bitcoin, Potentially Pushing Price to $80,000
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%…
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bob wrote a new post
11 months agoJ.P. Morgan Investment Banker Takes on Additional Role in European Infrastructure Financing
Alexander Voigt, an investment banker at J.P. Morgan, has taken on an additional role in the infrastructure sector in Europe, according to sources. Voigt will now be responsible for infrastructure financing in the…
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bob wrote a new post
11 months agoSafeMoon Files for Bankruptcy Amid SEC Fraud Charges and Executive Arrests
The Solana Mobile team has announced that its crypto phone Saga is officially sold out in the US, with only a few of these suddenly indemand devices left for the European market. The Android phone was launched in…
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bob wrote a new post
11 months agoSafeMoon Faces Bankruptcy and Fraud Allegations
SafeMoon, a once-thriving cryptocurrency protocol, has filed for Chapter 7 bankruptcy amidst allegations of fraud and mismanagement. The founders of SafeMoon, Kyle Nagy, Thomas Smith, and Braden Karony, are facing…
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bob wrote a new post
11 months agoGoldman Sachs Bullish on Ripple's XRP, Calls it a Once-in-a-Lifetime Opportunity
Goldman Sachs has expressed optimism about Ripple’s XRP, calling it the “opportunity of a lifetime.” Former Goldman Sachs executive Raoul Pal and attorney John Deaton believe that XRP has real-world utility and m…
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11 months agoRipple Releases White Paper on Central Bank Digital Currencies
Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the…
