Day: September 18, 2024

Binance Clarifies Relationship with WazirX Amid $235 Million Hack

Binance denies ownership of WazirX and responsibility for a recent $235 million hack, urging the Indian crypto platform to address user fund losses. Binance Clarifies Relationship with WazirX The world’s largest cryptocurrency exchange by volume, has issued a statement clarifying its relationship with the Indian crypto platform WazirX, following a significant hack in July 2024 […]

Animoca Brands Aims for IPO Amid Market Challenges

Animoca Brands, a major player in the Web3 and blockchain gaming space, is gearing up to go public soon. However, the final decision on the timeline depends on key factors like the “market’s status, amongst other” aspects, according to chairman Yat Siu. Speaking with CoinDesk in Singapore on Monday, Siu shared insights into the company’s […]

FTX Auditor Settles with SEC

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that Prager Metis. The former auditor for the now-defunct crypto exchange FTX, has agreed to a $1.95 million settlement. This agreement resolves allegations of negligence-based fraud related to Prager Metis’s relationship with FTX, as well as violations of auditor independence rules dating back to 2017. […]

Lawmakers Challenge SEC’s Stance on Crypto Airdrops

Representative Tom Emmer (R-MN), along with Chairman of the House Committee on Financial Services Patrick McHenry (R-NC), has issued a formal letter to SEC Chair Gary Gensler. Raising concerns over the regulatory treatment of cryptocurrency airdrops. The letter criticizes the SEC’s approach under Gensler’s leadership. Accusing it of stifling American innovation in blockchain technology by […]

California AI Laws Protect Actors

California Governor Gavin Newsom has signed two groundbreaking bills into law that safeguard actors and performers from unauthorized digital replicas. The new legislation, AB2602 and AB1836, requires explicit consent before creating and using a performer’s digital likeness. This move aims to combat the rising concern over AI-generated deepfakes in the entertainment industry. Let’s understand how […]

Bitcoin ETFs Gain Momentum

Bitcoin exchange-traded funds (ETFs) are witnessing a renewed surge of interest. Recent data from blockchain analytics firm Arkham Intelligence indicates that anticipation around Bitcoin ETFs is driving market excitement. While the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin ETF, the growing demand reflects a shifting sentiment among investors. Bitcoin […]