President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents guidance around how banks can handle customers’ crypto assets — in effect, they must treat those assets as […]
Hackers steal $305M from DMM Bitcoin crypto exchange
Japanese crypto exchange DMM Bitcoin confirmed on Friday that it had been the victim of a hack resulting in the theft of 4,502.9 bitcoin, or about $ 305 million. According to crypto security firm Elliptic, this is the eighth largest crypto theft in history. DMM Bitcoin said it detected “an unauthorized leak of Bitcoin (BTC) […]
Ledger starts shipping its high-end hardware crypto wallet
Ledger, a French startup mostly known for its secure crypto hardware wallets, has started shipping new wallets nearly 18 months after announcing the latest Ledger Stax devices. The updated wallet features an E-Ink display and has been designed in partnership with Tony Fadell, one of the main designers behind the iPod. E-Ink technology is generally […]
FTX crypto fraud victims to get their money back — plus interest
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and […]
Global crypto firms turn to Hong Kong for refuge — and opportunity
With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their growth. One such destination is Hong Kong, which, seeking to restore its status as a financial hub, is banking on favorable crypto regulations to draw a fresh raft […]