The FBI is reportedly looking into a hacker’s brief takeover of the Securities and Exchange Commission’s (SEC) account on the social media platform X. The SEC said the FBI is investigating the incident, which happened Tuesday (Jan. 9), according to multiple media reports posted Wednesday (Jan. 10)....
The mainstream integration of cryptocurrency is getting sluggish, Andrew Bailey, Bank of England governor, said Wednesday (Jan. 10). Speaking to U.K. Parliament’s Treasury Committee, Bailey said regulators need to “keep a very close eye” on the sector, but noted that the crypto’s integration into mainstream...
The year 2023 proved to be a challenging period for cryptocurrency startups, as scandal and regulatory issues took a toll on fundraising efforts. Venture capital investment in the crypto industry plummeted to just $9.5 billion during the year, less than a third of the previous...
Apple reportedly removed Binance and seven other cryptocurrency platforms from its Indian App Store. The move, requested by the Indian government, marks an escalation in that country’s crackdown on digital asset companies, Bloomberg reported Wednesday (Jan. 10). The exchanges — which also include Bitfinex, HTX...
Hackers took over the SEC’s X account to falsely trumpet the agency’s bitcoin ETF approval. The breach happened Tuesday (Jan. 9), allowing whoever took over the account to erroneously say the Securities and Exchange Commission (SEC) had given its long-awaited blessing to a bitcoin exchange-traded...
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed those against traditional finance firms, according to a Financial Times (FT) analysis published Tuesday (Jan. 9). The fines were for...
The Office of the New York State Comptroller raised concerns about the Department of Financial Services’ oversight of the cryptocurrency industry. The office released a report earlier this month that highlighted potential risks associated with the state’s BitLicense program, which requires digital asset providers to...
Recent enthusiasm surrounding the cryptocurrency sector apparently hasn’t led to more hiring within the industry. In fact, crypto job posting on LinkedIn fell 57% between December 2022 and 2023, Bloomberg News reported Friday (Jan. 5), citing data from LinkedIn. However, there are signs that things could be turning...
Coinbase plans to purchase a Cyprus-based company to offer cryptocurrency-linked derivatives in the European Union. America’s largest crypto firm announced the plans on its blog Friday (Jan. 5), saying the agreement with the unidentified company would give it access to a MiFID (Markets in Financial Instruments...
