Security Financial News

14.02 / 03:35

business Stablecoin Binance regulation SEC security Paxos Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.

13.02 / 14:39

Stablecoin Binance regulation SEC security Paxos sec lawsuit SEC lawsuit against Paxos over BUSD baffles crypto community

Paxos and Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.

13.02 / 14:39

Adoption regulation SEC security Binance Coin Support Binance to support BUSD while exploring non-USD stablecoins, CZ says

Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer Paxos facing a stop order from American regulators.

13.02 / 14:07

Hack security Threat New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US

South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves.

13.02 / 14:07

Hack wallet security community This Popular Hardware Wallet was Hacked by a Cybersecurity Firm – Should You Be Concerned?

Crypto hardware wallet provider OneKey was hacked by cybersecurity startup Unciphered - in one second. The wallet manufacturer claims the vulnerability in its firmware that allowed the breach has been fixed.

13.02 / 04:33

business SEC security Earn Nexo shutters US Earn product a month after settling with regulators

Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators.

13.02 / 03:05

regulation SEC security Paxos sec lawsuit Breaking: Paxos to face SEC lawsuit over Binance USD — Report

The United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust Co. that it's planning to sue the firm for violations of investor protection laws relating to Binance USD (BUSD).

11.02 / 21:03

business Blockchain Binance hacks Cybersecurity security Chain vulnerability Jump Crypto unveils critical vulnerability on Binance’s BNB Chain

Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours.

11.02 / 16:17

Blockchain Adoption security Decentralization This layer 1 blockchain offers a unique decentralized interoperability solution

Blockchain interoperability is one of the most important goals to ensure that the industry becomes future-proofed. Smooth cross-chain communication and flow of value are essential for efficient transactions and use cases. By addressing the fragmentation of Layer-1 networks, the blockchain industry can improve user experience, open new opportunities for collaboration, overcome its speed and scalability limitations, and accelerate the adoption of the technology across all major industries.

10.02 / 22:51

business Blockchain Technology Web3 security reserves zk Binance upgrades proof-of-reserves verification to include zk-SNARKs

On Feb 10, cryptocurrency exchange Binance announced a major upgrade to its proof-of-reserves verification system, saying it would now incorporate zk-SNARKs — a cutting-edge technology Binance reports will allow it to verify its reserves in a more secure, transparent manner.

10.02 / 11:13

NFT defi wallet Web3 security Private Keys Future What does the future of Web3 look like to SafePal CEO Veronica Wong?

As the world moves toward a more digital future, the concept of Web3 and its potential to revolutionize the internet has become a hot topic in the tech industry. In this interview, SafePal CEO Veronica Wong, shares her insights on the future of Web3 and the current state of the crypto market.

10.02 / 05:15

business Ethereum Adoption SEC security Kraken us government ‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown

Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States.

10.02 / 02:15

Blockchain CFTC regulation SEC security interview Ethereum co-founder Joe Lubin says no chance ETH is classed as security

Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether (ETH) won’t be classified as a security in the United States.

09.02 / 23:53

business Blockchain Digital Currency Web3 security Funding Digital Asset Coincover secures $30 million in funding to strengthen digital asset security

London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital.

09.02 / 17:15

Government Law Adoption regulation SEC security us government Crypto and securities: New interpretation of US Howey test gaining ground

The crypto community celebrated a victory in court on Jan. 30 when the United States Securities and Exchange Commission (SEC) admitted in the remedies hearing of the LBRY case that secondary sales of its LBC coin were not securities sales. John Deaton, who represents Ripple in court in the SEC’s case against it, was so excited that he created a video for his Twitter-hosted CryptoLawTV channel that evening.

09.02 / 05:09

business Law regulation security interview Bitcoin Industry Proposed Israeli law to classify crypto as securities will 'kill the industry'

Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.

09.02 / 01:31

business Ethereum defi Trading Cybersecurity security Uniswap's BNB deployment should use multiple bridges, claims LIFI CEO

As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions.

09.02 / 00:11

business Blockchain Technology Developers Web3 security data Fujitsu launches Web3 acceleration platform for startups and partner companies

The Japanese-based multinational tech company Fujitsu announced the launch of a new platform on Feb 8, designed to support Web3 developers worldwide.

08.02 / 19:51

Adoption defi security Financial Services Financial Systems DeFi securitization of real-world assets poses credit risks, opportunities: S&P

DeFi’s use case in traditional finance could grow in the coming years as new protocols attempt to support the securitization of real-world assets, according to a new research report from credit rating agency S&P Global Ratings.

08.02 / 09:57

Adoption regulation Investments SEC security cryptocurrency investment Bitcoin SEC to up scrutiny of firms offering or giving advice about crypto

Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States' securities watchdog this year.

07.02 / 17:45

Blockchain Hackers hacks Cybersecurity security Crypto users Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick

Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key. The attack can only be performed for transactions of 0 value. However, it may cause some users to accidentally send tokens to the attacker as a result of cutting and pasting from a hijacked transaction history.

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