Day: December 17, 2022

US Financial Regulators Urge Congress To Pass Cryptocurrency Spot Markets Legislation

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A council consisting of the US’s top financial regulators is urging Congress to regulate cryptocurrency spot markets. The Financial Stability Oversight Council, made up of the heads of the U.S. Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board and other top regulators, issued its annual report this week. The council says crypto assets that are not securities have limited federal regulations and urges Congress to rectify that. “As a result, those markets may not be subject to a regulatory framework designed to ensure…

SEC was “asleep at the wheel” about FTX

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The Securities and Exchange Commission (SEC) was “asleep at the wheel” regarding how FTX Group and its subsidiaries met financial and corporate control requirements, Representative Pete Sessions said in the Saturday Report on December 17. “We need to look at what the Securities and Exchange Commission was doing”, stated the Texas Congressman, adding that “the SEC was asleep at the wheel for these billions of dollars that we now find out about a year later.” The SEC filed charges against Sam Bankman-Fried (SBF), the former CEO of FTX, on Dec.…

Bitcoin Analysis 20 AUG 2022 – Current market condition update

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TVL in Defi Slides Under $40 Billion, Tapping a Low Not Seen Since February 2021 – Defi Bitcoin News

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The total value locked (TVL) in decentralized finance (defi) has fallen below the $40 billion mark for the first time since the first week of Feb. 2021. On Dec. 17, 2022, the TVL in defi is roughly $39.53 billion after dropping more than 4% in value during the past 24 hours. Value Locked in Defi Drops Below $40 Billion The value locked in defi protocols has dropped below the $40 billion region for the first time in 675 days, or since the first week of Feb. 2021. At that period…

🚀 XRP IS MOONING RIGHT NOW! HERE IS WHY! IMPORTANT CRYPTO MARKET UPDATE… XRP NEWS TODAY

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Gemini Customer Data Leak Was Advertised for Sale on Hacker Forums for 30 BTC in September – Bitcoin News

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On Dec. 14, 2022, the crypto exchange Gemini revealed that some Gemini customers have been the target of phishing attacks that the firm believes stem from a third-party vendor leak. While reports disclosed that Gemini’s leak was approximately “5,701,649 lines of information pertaining to Gemini customers,” Gemini did not disclose how many customers were affected by the breach. Moreover, according to Bleeping Computer’s cybersecurity author, Ionut Ilascu, data from Gemini’s customer info leak has been advertised for sale on hacker forums as early as Sept. 2022. Gemini Customer Data Leak…

Bulls Could Be Back For Solana If It Is Above This Level

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Solana price has displayed a completely bearish price thesis on the one-day chart. In that same timeframe, the coin declined by close to 9%. The depreciation in value might continue as the technical outlook points in the same direction. With the recent Solana Protocol Raydium hack of over $2 million, the price of the coin has been affected further. Over the past week, the coin has shed nearly 10% of its value. As SOL fell from its long-standing support line of $13, the coin has been on a freefall. Demand…

How to add unlockable content to your NFT collection

After a spectacular run in 2021, almost everyone at least superficially knows what nonfungible tokens (NFTs) are. Although not many people are aware that NFTs constantly get new entrancing functionality and use cases. This article will highlight the role of an exciting feature: unlockable content in NFTs. We will break down for you its advantages and use cases and show how to add unlockables to your NFT collection. What is an NFT? Traditionally, NFTs are described as unique cryptographic digital assets on a blockchain that can be bought and sold…

Central Banks to set standards on banks’ crypto exposure

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A global standard for banks’ exposure to crypto assets has been endorsed by the Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS). The standard, which sets a limit of 2% on crypto reserves among banks, must be implemented on January 1, 2025, according to an official announcement on Dec. 16.  The report, dubbed “Prudential treatment of cryptoasset exposures”, introduces the final standard structure for banks regarding exposure to digital assets, including tonenized traditional assets, stablecoins and unbacked cryptocurrencies, as well as…