The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and former CEO Do Kwon. Source: https://cointelegraph.com/news/sec-crypto-monetary-enforcement-3000-percent-rise-in-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […] Source: https://news.bitcoin.com/nigerian-regulator-threatens-crackdown-on-unlicensed-crypto-entities/
Crypto scam livestreams deepfaked Tim Cook amid Apple iPhone 16 launch
A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam. Source: https://cointelegraph.com/news/apple-iphone-16-launch-crypto-scam-youtube-livestreams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […] Source: https://news.bitcoin.com/kraken-adjusts-margin-product-to-comply-with-australian-crypto-law-calls-for-clearer-regulation/
Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG
“Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro. Source: https://cointelegraph.com/news/bitcoin-seasonal-slog-september-low-chance-near-term-positives-nydig?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
North Carolina Senate overrides governor veto to pass Fed CBDC ban bill
A Senate veto-busting vote saw 12 Democrats who initially voted for North Carolina’s CBDC banning bill switch to backing Governor Roy Cooper’s veto. Source: https://cointelegraph.com/news/north-carolina-passes-fed-cbdc-ban-override-governor-veto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […] Source: https://news.bitcoin.com/sec-warns-of-bitcoin-and-ether-etf-risks-labels-btc-eth-highly-speculative-investments/
US and UK Spy Chiefs Enlist Generative AI in Intelligence Operations
As part of a declaration about how their two agencies collaborate, CIA Director Bill Burns and MI6 Chief Richard Moore outlined how their agencies are using AI to combat modern threats. The duo disclosed that both organizations are actively leveraging generative AI to enhance intelligence activities, especially to process huge amounts of intel, in a joint op-ed published by the Financial…
Binance-Backed Tokocrypto Achieves Major Milestone With Indonesian License
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights Tokocrypto’s commitment to regulatory compliance and strengthens its position in Indonesia’s growing […] Source: https://news.bitcoin.com/binance-backed-tokocrypto-achieves-major-milestone-with-indonesian-license/
2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
Two smart contract auditors miss a Penpie bug that resulted in a $27M exploit, Pythia Finance attacker claims way too many rewards: Crypto-Sec Source: https://cointelegraph.com/magazine/pythia-finance-drained-53k-crypto-sec/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound