Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The man at the helm of…
As metaverse adoption climbs and users join digital reality, they put themselves at risk of identity theft in new ways, including minors who engage in metaverse games. Source: https://cointelegraph.com/news/identity-in-the-metaverse-at-risk-says-former-windows-architect
Paradigm, the crypto VC firm known for an eclectic range of investments that included collapsed crypto exchange FTX, is cutting its employees’ salaries by 15%, citing dismal market conditions. “Post FTX’s collapse, it is clear the contagion is deep and wide and like many of our clients and peers, we are not immune,” the company said in a statement posted…
Following the global trend of tightening the crypto regulation in the aftermath of recent market failures, France may reassess its eased regime of licensing for digital asset providers. That would challenge the nation’s efforts to present itself as one of the most pro-crypto countries in Europe. According to the Financial Times, Hervé Maurey, a member of the French Senate’s finance…
Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data warehouses. Companies Relying on Centralized Databases and Services According to Nate Holiday, the…
Investment house Ark Invest continued a buying spree of Coinbase stock, adding a total of 296,578 COIN shares to its exchange-traded funds (ETFs) on Wednesday, according to the firm’s daily trade information newsletter. Coinbase share price fell to an all-time low of $38.69 on Tuesday before jumping nearly 4% on Wednesday to $40.19. Based on the closing bell price, yesterday’s…
The Financial Conduct Authority’s (FCA) recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting. Ashley Alder, who will assume control of the FCA in February 2023, described cryptocurrency-related businesses as ‘deliberately evasive’ and suggested the sector facilitated money laundering during the meeting with Treasury members on Dec. 14. According to a report…
Web3 browser Opera has announced a new set of security tools intended to help its users mitigate common risks associated with malicious actors in the Web3 ecosystem. The new set of security tools called Web3 Guard is a suite of browser security features that promises to protect users against malicious decentralized applications (DApps), seed phrase phishing attacks and malicious actors.…
Russia’s largest social network, Vkontakte, has launched a feature allowing users to upload digital collectibles to the platform. Account holders will also be able to buy and sell them in the future as the company intends to establish a marketplace for non-fungible tokens. Vkontakte Users to Showcase Their NFTs, Set Them as Avatars The leading social media network in the…
The U.S. Securities and Exchange Commission (SEC) has given the green light to nine more blockchain-enabled funds from $82 billion asset manager WisdomTree. None of these funds track crypto assets themselves, but the firm does utilize the Ethereum and Stellar blockchains to keep a secondary record of share ownership, thus making them blockchain-enabled or “digital funds” as WidsomTree describes them.…
