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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26/06/2024 04:43
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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).
BrianOpenAI Partners with Axel Springer to Revolutionise Journalism with AI
OpenAI partners with Axel Springer to integrate AI into journalism, aiming to enhance news access and accuracy while navigating challenges of misinformation and the need for human oversight.
YouQuanHitachi and Concordium Collaborate on Innovative Biometric Crypto Wallet
Hitachi and Concordium are developing a biometric crypto wallet in the proof-of-technology stage, enabling secure access through fingerprint or facial scans.
Hui XinYearn Finance Loses 63% of LP Value Due To Glitch
This stash, known as protocol owned liquidity (POL), belonged solely to Yearn's treasury and did not involve any user funds.
BrianShift in Crypto Exchange Dynamics: DEX Sees Surge Amid CEX Dominance
Amidst a dynamic shift in the crypto exchange market, DEXs experience a surge in trading volumes while CEXs like Binance and Coinbase maintain a dominant market share.
YouQuanLine Next Secures $140 Million for NFT Expansion & Brown and Friends Games
Line Next, the NFT subsidiary of Line, the Japanese messaging giant, successfully concluded a substantial $140 million funding round. Spearheaded by Crescendo Equity Partners, this investment stands out as the most substantial support for an Asian blockchain company this year.
JoySnapchat+ AI Innovations: Empowering 7 Million Subscribers with Enhanced Creative Tools
Snapchat+ transforms creativity for 7 million users with AI features, offering enhanced images, instant snaps, and upgraded Dreams effects, marking strategic advances in engagement and growth.
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.
JoyKuCoin's $22 Million Settlement: Ceases New York Operations Amid Rising Regulatory Scrutiny
KuCoin settles for $22 million, ending operations in New York to comply with regulations—a significant move in the crypto industry's compliance journey.
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