KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic collaboration with Cryptio, a leading crypto accounting software platform, to help companies establish better controls for accounting for crypto assets. According to a press release, the partnership addresses the growing need for accurate financial reporting in the ...
Charles Hoskinson, co-founder of Input Output Global and a key figure in the Cardano blockchain ecosystem, has opposed Ethereum co-founder Vitalik Buterin's recent advice regarding political allegiances based solely on candidates' cryptocurrency stances. In a post on X, Hoskinson argued for a unified voting strategy within the crypto community, advocating ...
Bankrupt crypto lender BlockFi will commence its first interim crypto distributions to its creditors through Coinbase. According to an announcement by the firm on X, the process would commence in July and continue in batches over the upcoming months. It noted eligible clients will be notified via the email associated ...
Elwood Technologies has announced the sale of its Over-The-Counter (OTC) trading business, Elwood Capital Management Ltd (ECML), to Zodia Markets. ECML, based in Jersey (within the Channel Islands, UK), and regulated by the Jersey Financial Services Commission, has been a key player in providing liquidity solutions to a diverse global ...
Former U.S. President Donald Trump has hinted at the possibility of launching a fourth non-fungible token (NFT) collection. In an interview with Bloomberg on July 16, Trump expressed his intention to launch another NFT series, citing public demand as the driving force. "I'm going to do another one because the ...
Angel Drainer, a notorious drainer-as-a-service program, reportedly suspended its operations within hours of cybersecurity researchers at Match Systems claiming to have de-anonymized its members. In a post on X (formerly Twitter) on Tuesday, July 16, the Dubai-based blockchain forensics firm Match Systems announced that Angel Drainer’s Telegram channel stated the ...
Stripe, the online payment behemoth, has expanded its digital asset services to European customers. As of July 16, 2024, consumers across the European Union can now purchase Bitcoin, Ethereum, and other cryptocurrencies using Stripe-issued credit or debit cards. According to a report from The Irish Independent, Stripe has introduced a ...
Local authorities in Hong Kong have arrested three individuals suspected of defrauding a businessman of HK$3.11 million (approximately US$399,000) worth of cryptocurrencies. According to local reports, the scammers lured the victim by promising to exchange his cryptocurrency holdings for cash at an appealing rate. However, after transferring his HK$3.11 million ...
Fox journalist Eleanor Terrett has raised questions about whether the recent actions by the US Securities and Exchange Commission (SEC) signify an acknowledgment of the necessity to relax the famed Staff Accounting Bulletin(SAB) 121's requirements for banks and brokerages. Terret's comments come in response to a Bloomberg report that revealed ...
A security vulnerability affecting Squarespace domains has exposed numerous DeFi protocols to phishing attacks, prompting industry experts to issue warnings and advice to users. On July 11, blockchain investigator ZachXBT alerted the community via Telegram about Compound Finance's website being redirected to a phishing site due to this vulnerability. The ...
