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Search Results for: sec

BlackRock and U.S SEC Hold Fourth Meeting on Spot Bitcoin ETF

The fourth meeting between BlackRock and the U.S SEC to discuss the eagerly awaited Spot Bitcoin ETF has taken place. Documented in an official filing, this most recent conversation is one in a string of recent exchanges between the SEC and prospective issuers. Moreover, the involvement of the SEC, headed

December 15, 2023 1 min read

Ledger ConnectKit Breach Sparks DeFi Protocols’ Security Crisis

A surprising event occurred in the Decentralized Finance (DeFi) arena when the Ledger ConnectKit was the victim of a supply chain assault, which resulted in a rug-pull security compromise. Malicious code injection into different Decentralized Applications (dApps) is possible due to the vulnerability, which has been dubbed a “supply chain

December 14, 2023 2 mins read

Core Introduces Seed Abstraction for Simplified Cross-Chain Security in Web3

Without seed phrases, Core is now accessible to anyone. It is now easier to produce and maintain keys using straightforward Web2 methods, such as Apple and Gmail logins, without sacrificing security or custody. Designed for the Avalanche ecosystem and beyond, this wallet creation experience is unique. The seed abstraction in

December 14, 2023 2 mins read

Bitnomial Secures U.S. CFTC Approval for Derivatives Clearing Proposal

Crypto derivatives firm Bitnomial has been authorized to settle margined futures and options contracts after registering as a derivatives clearing organization in the United States with the consent of the Commodity Futures Trading Commission (CFTC). Bitnomial applied to the Commodity Futures Trading Commission (CFTC) to provide U.S investors with margined

December 14, 2023 2 mins read

SEC Postpones Decision on Invesco Galaxy Ethereum ETF to 2024

The United States Securities and Exchange Commission (SEC) has decided to extend its review period for the proposed Invesco Galaxy Ethereum Exchange-Traded Fund (ETF). In a notice released on December 13, the SEC announced its intention to take additional time to evaluate the rule change proposal, allowing the Cboe BZX

December 14, 2023 2 mins read

Bahrain-based CoinMENA Secures VASP License by Dubai’s VARA

CoinMENA, a cryptocurrency exchange based in Bahrain, has been granted a virtual asset service provider (VASP) license by the Virtual Assets Regulatory Authority (VARA) of Dubai. This allows them to do business and provide services inside the Emirates. According to the statement made on December 12, CoinMENA FZE, a Dubai

December 13, 2023 1 min read

Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–Andalusia Labs, formerly known as RiskHarbor, the global leader in risk management infrastructure for digital assets, has successfully raised $48 million in Series A funding round, positioning the company’s equity valuation north of $1 billion. Prominent Silicon Valley venture capital firm Lightspeed Venture Partners led

December 13, 2023 5 mins read

Binance and CZ Throw Counterattack Against SEC

Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the

December 13, 2023 2 mins read

OKX DEX Faces Security Breach Resulting in $424,000 Stolen

Hackers stole over $424,000 from user accounts at the prominent OKX DEX earlier today in a big catastrophe. Wallets linked to the OKX decentralized exchange (DEX) were recently the targets of theft due to an exploit. A loss of more than $424,000 was caused by a suspected assault that included

December 13, 2023 1 min read

Enjinstarter’s AYA Platform Secures Conditional Crypto License in Dubai

In order to provide crypto asset and investment services, Enjinstarter’s AYA platform was awarded a conditional license by Dubai’s Virtual Assets Regulatory Authority (VARA). Web3 Launchpad and Advisory Firm Enjinstarter’s Dubai arm acquired a crypto license on December 11; nevertheless, they still need to meet several requirements before they can

December 12, 2023 1 min read