CFTC Takes Bold Step to Secure Customer Funds in Derivatives Trading
In response to the FTX collapse, the CFTC proposes a rule to prevent the commingling of customer funds in derivatives trading, enhancing protection in the financial market.
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03/12/2024 17:50
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Financial Accounting Standards Board Lays Down New Rules for Companies That Hold Crypto - Including Tesla, MicroStrategy
Until now, cryptocurrency assets were considered indefinite-lived intangible assets under Generally Accepted Accounting Principles (GAAP).
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Hui XinYearn Finance Loses 63% of LP Value Due To Glitch
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Hui XinAustralian Unchecked Crypto Schemes Lead to Millions in Losses
Investors in Australia are counting losses in the wake of crypto investment schemes, such as HyperFund and HyperVerse, escaping regulatory scrutiny despite international alerts branding them as potential scams. The schemes, led by Sam Lee and Zijing "Ryan" Xu, founders of the now-collapsed Blockchain Global, have left thousands globally unable to withdraw funds. Concerns arise about Australia's regulatory role in warning investors and addressing high-risk schemes.
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