Author: CryptooTimes
“SAB 121 is non-binding staff guidance that, if followed, enhances important disclosure to investors in firms that safeguard crypto assets for others,” an SEC spokesperson said in a statement after the vote. “Time and again, we have seen crypto firms fail and watched as their customers lined up at the bankruptcy court in hopes of getting what they thought was legally theirs.” Source link
The United States Justice Department has arrested two Chinese nationals behind a $73 million money laundering scheme. According to a May 17 announcement, the accused funneled illicit funds via multiple U.S. financial institutions and later converted them to the stablecoin USDT. The accused, Daren Li, is a dual citizen of China and St. Kitts and Nevis. His associate, Yicheng Zhang, is a Chinese national residing in Temple City, California. Li and Zhang, along with other accomplices, operated a money laundering network that washed millions of dollars acquired via “pig butchering” crypto scams. These scams usually start with the bad actors…
Is Bitcoin legal in Switzerland? Discover Swiss banks’ attitudes toward crypto and various ways to buy BTC. Source link
By completing the pilot, DTCC “found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” the report reads. Source link
An investor just fell victim to a phishing attack, losing over $101,000 in multiple cryptocurrencies across several blockchains. According to the Blockchain security firm PeckShield, the address lost over 237.8 billion OSAK worth $66,682 from defi project Osaka protocol, and 287 billion CAW tokens valued at $26,490. In addition, 213 HIGH worth $938 and 426 USDT were stolen on the Ethereum network. Other assets taken include 3,000 USDC on BNB Chain, including 0.5 PENDLE and 0.1 WBTC on Arbitrum. At the time of reporting, the address still holds $7,000 in crypto assets. The exploiter’s address still retains the stolen assets…
Ethereum’s Dankrad Feist and Helius Labs CEO Mert Mumtaz clash on X over the importance of decentralization, revealing differing views on the crypto market’s priorities. Source link
The exploiter may not be making any money from the attack. Source link
Ripple is raising awareness about the need for quantum-resistant cryptography to secure blockchain systems against potential future threats from quantum computing. Professor Massimiliano Sala, a renowned mathematician from the University of Trento in Italy, recently discussed the future of blockchain technology, encryption, and quantum computing with Ripple’s team as part of their ongoing university lecture series. As part of our #UBRI series, explore the intersection where blockchain meets quantum computing with Professor Massimiliano Sala from @UniTrento. Gain insights into the quantum challenges facing blockchain and strides towards quantum-resistant cryptography.https://t.co/UnpxUfCX5D— Ripple (@Ripple) May 18, 2024 According to Sala, the current encryption…
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts. Source link
“Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%,” Markus Thielen, founder of 10x Research, said in Monday’s client note, detailing the suggestion. Source link
