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Australian crypto executives urge caution on regulation

Following recent remarks made by Australia’s assistant treasurer on the subject, cryptocurrency executives in Australia have cautioned against grouping all digital assets into the same category as financial goods. They say this is particularly important in light of recent regulatory developments. In an interview with the Sydney Morning Herald that was published on January 22, … Continue reading Australian crypto executives urge caution on regulation

Australia's Government is Bolstering Its Market Regulator's Digital Asset

As part of its “multi-stage strategy” to cracking down on cryptocurrencies and ensuring that crypto companies provide accurate risk disclosures, the Australian government is increasing the size of the digital asset team that works under its market regulator. The new restrictions are intended to safeguard consumers who are dealing with bitcoin, as described in a … Continue reading Australia's Government is Bolstering Its Market Regulator's Digital Asset

Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings

Several major media outlets, including Bloomberg, the Financial Times, The New York Times, and The Wall Street Journal’s parent company, Dow Jones & Company, have jointly objected to attempts to withhold the identities of non-US customers of cryptocurrency exchange FTX during its bankruptcy proceedings. In a filing to a Delaware Bankruptcy Court on April 4, … Continue reading Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings

LD Capital: Institutions Are Buying on the Dip

Stock Market Overview Amid concerns over higher government bond yields, inflation, China’s slowing economy, and its looming debt crisis, major global stock indices have seen three consecutive weeks of declines. The S&P 500 index has dropped over 5% since the end of July, with the NASDAQ 100 index and the Russell 2000 index both falling … Continue reading LD Capital: Institutions Are Buying on the Dip

US and UK Clamp Down on Trickbot Ransomware Group Behind $833M in Extortions

In a joint effort to curb cybercrime, the U.S. Office of Foreign Assets Control (OFAC) and the U.K. HM Treasury Office of Financial Sanctions Implementation (OFSI) have sanctioned eleven additional members of the Russia-based ransomware group, Trickbot. This move comes after the two nations had previously sanctioned seven members of the same group earlier this … Continue reading US and UK Clamp Down on Trickbot Ransomware Group Behind $833M in Extortions

FASB Finalizes New Accounting Standards for Crypto Assets

The Financial Accounting Standards Board (FASB) has taken a significant step in addressing the complexities of accounting for crypto assets. On December 13, 2023, FASB issued an Accounting Standards Update (ASU) No. 2023-08, aimed at improving the accounting and disclosure of certain crypto assets. This update is a response to the evolving nature of digital … Continue reading FASB Finalizes New Accounting Standards for Crypto Assets

U.S. Judge Denies Changpeng Zhao's Second Attempt to Travel Abroad

During the course of his protracted legal struggle in the United States, Changpeng “CZ” Zhao, who formerly served as the CEO of Binance, has encountered a serious setback. In response to Zhao’s second request to fly outside of the country, a federal judge named Richard Jones of the United States District Court for the Western … Continue reading U.S. Judge Denies Changpeng Zhao's Second Attempt to Travel Abroad

AI's Pioneering Role in 2024: Transformations and Challenges

The New Frontier: Text-to-Video AI 2024 would mark a significant leap in AI capabilities, particularly in the text-to-video domain. Companies like Runway are releasing advanced models, such as Gen-2, that generate high-quality short videos. These advancements are not just confined to entertainment; they extend to marketing and training, with technologies like deepfakes gaining traction in … Continue reading AI's Pioneering Role in 2024: Transformations and Challenges

Digital Assets Soar to $67 Billion, Avalanche (AVAL), Polygon (MATIC) and Chainlink (LINK) Gain Momentum

Digital asset investment products saw record-breaking inflows last week, totaling $2.45 billion according to the latest report from CoinShares Research. This massive influx, coupled with recent price increases, has pushed total assets under management (AuM) to $67 billion – the highest level since December 2021. The United States accounted for 99% of total inflows at … Continue reading Digital Assets Soar to $67 Billion, Avalanche (AVAL), Polygon (MATIC) and Chainlink (LINK) Gain Momentum