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 ...
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to a report from local media, Punch, Edun emphasized the importance of ...
The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines aim to ensure effective MiCA application and protect cryptocurrency holders. Panetta ...
In the past week, at least three Coinbase users have fallen victim to scammers impersonating Coinbase representatives, with one person reportedly losing over $1 million. On July 7, Tegan Kline, co-founder of Edge & Node, shared an incident involving a “good friend.” According to Kline, the scam began with a ...
Mt. Gox, the once-prominent cryptocurrency exchange infamous for its 2014 hack, has finally begun repaying what it owed to its users after more than a decade of delays and legal proceedings. On July 5, 2024, Mt. Gox announced it started the repayments and disbursed funds to creditors that meet specific ...
In the first half of 2024, cryptocurrency phishing scams saw a marked uptick in profitability. According to blockchain research firm Scam Sniffer, these malicious actors successfully stole over $314 million worth of cryptocurrency, a 6.44% increase compared to the previous year. Notably, $58 million of this total came from just ...
In a significant move to bolster Anti-Money Laundering (AML) efforts, the European Banking Authority (EBA) has announced the expansion of Travel Rules guidelines to encompass crypto service providers and their intermediaries. Starting from December 30, crypto exchanges operating within the European Union (EU) will be obligated to comply with Regulation ...
South Korean financial regulators are intensifying their scrutiny of domestic cryptocurrency exchanges to combat questionable trading practices. The Financial Supervisory Commission (FSC), South Korea's top financial regulator, is developing a comprehensive system to monitor suspicious cryptocurrency trading activities, as reported by Bloomberg. The FSC has now mandated that local exchanges ...
HashKey Group has launched its long-awaited native token, $HSK, and it will be distributed through an airdrop campaign on Telegram. The announcement, made on Tuesday, July 2, 2024, revealed that participants can claim $HSK tokens by engaging with a Telegram bot game called "DejenDog" and completing specified tasks. The HashKey ...
