Legislators want financial authorities to get ahead of the securities watchdog Several US Congress members have presented a memorandum insisting key financial authorities, including the Federal Deposit Insurance Commission (FDIC) Chair and the acting comptroller of the currency, to get involved with cryptocurrency oversight. The legislative members want the authorities to clarify that the US
The New York Department of Financial Services has changed its crypto listing and delisting rules Policies for companies listing and delisting cryptocurrencies in New York have been implemented to competently protect investors, according to the New York State Department of Financial Services (NYDFS), which disclosed new regulations on November 15. It requires crypto companies to
The exchange lost over $100 million to hackers but is trying to rebuild Cryptocurrency mogul Justin Sun’s Poloniex crypto exchange says it has nearly completed restoration measures and is readying the platform to continue operating after a $100 million hack forced it to shut down on November 10, according to an official statement released on
The cryptocurrency exchange was able to reverse a massive hack almost as it took place The Binance cryptocurrency exchange demonstrated extraordinary efficiency in protecting user assets during a recent situation. Binance CEO Changpeng Zhao (CZ) disclosed that the firm successfully froze most of the funds looted from its client executives. While on a business trip
The cyberattack may have led to the theft of US and Brazilian customers Vx-underground, a pseudonymous cybersecurity expert that spotlights vulnerabilities in digital currency operations, posted on X (formerly Twitter) that an anonymous group of hackers has reportedly been busy. It’s claiming that it has stolen information from the personal accounts of around 300,000 customers
The cryptocurrency asset reporting framework will change the crypto ecosystem Nearly 50 governments worldwide have jointly agreed to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international benchmark on automatic information exchanges between tax authorities, into their domestic law, according to a statement published on November 10. The Organization for Economic Cooperation and Development
Congressman Tom Emmer wants to defund the SEC’s crypto enforcement efforts US Congressman Tom Emmer has added an amendment to the House Republican spending bill to block the US Securities and Exchange Commission (SEC) from using government funds to pursue cryptocurrency enforcement until Congress decides who has jurisdiction. The amendment was attached on November 8
The IRS has more surveillance capabilities that will help it track crypto accounts The Internal Revenue Service (IRS) will move ahead with its bid to increase cryptocurrency surveillance, with a past report suggesting how the information could be used. The agency is prepared to keep tabs on Americans’ cryptocurrency usage via an anticipated 8 billion
The protocol launched two years ago but never gained significant traction Ecosystem multichain cryptocurrency protocol ShuttleFlow, managed and sustained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will be terminated after two years and transferred to Web3 studio Zero Gravity, which will continue to grow the protocol under new branding. “All
The ongoing FTX debacle has led to federal authorities being given a lot of personal data FTX advisers have recently been issued subpoenas by several FBI field offices, forcing the bankrupt cryptocurrency firm to disclose data from customer transactions and accounts, according to a Bloomberg report that reviewed the document. FTX consultants have turned over
The jury didn’t take long to return its verdict on several charges The former head of FTX crypto exchange, Sam Bankman-Fried, faces decades behind bars after being convicted of seven criminal charges, including securities fraud, money laundering and wire fraud, after the jury deliberated for five hours. Prosecutors aimed to demonstrate that Bankman-Fried was the
PayPal continues to move deeper into the crypto space following its success in the US Worldwide payments platform PayPal has acquired authorization from the Financial Conduct Authority (FCA) to deliver crypto services to customers in the UK. PayPal has been approved to provide “certain crypto asset activities” in the UK starting on October 31, according
Our Responsible Gambling program verifies that all players are of legal age and provides customizable self-exclusion tools for our tables, sportsbook, and casino.
Most Common