North Korean hackers deploy ‘Durian’ malware, targeting crypto firms
The state-backed North Korean hacking group Kimsuky reportedly used a new malware variant to target at least two South Korean crypto firms. Source link
House votes to nullify SEC’s anti-crypto banking guidance SAB 121
The House of Representatives has voted to overturn controversial SEC guidance that has virtually blocked banks from custodying crypto assets. Source link
SEC punts Galaxy spot Ethereum ETF decision to July
The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5. Source link
Bad actors and ‘block storms’ — Bitcoin dev calls for testnet reboot
Bitcoin’s testnet needs to be reset so it can remain free for developers to use, says software engineer Jameson Lopp. Source link
US senators, FBI aren’t opposed to crypto privacy: Railgun contributor
Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto. Source link
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Source link
US probes Jack Dorsey’s Block Inc over financial transactions: Report
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. Source link
SEC delays several Ethereum ETFs, pushing final decision to May
The United States Securities and Exchange Commission is pushing back its decision on several Ether (ETH) exchange-traded funds (ETFs) to May 2024. In several Dec. 18 regulatory filings, the agency delayed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF aims to hold both spot Ether…
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US court approves settlement against Binance, firm to pay $2.7B to CFTC
A United States court has entered an order against crypto exchange Binance and its former CEO Changpeng “CZ” Zhao, which will see Binance pay $2.7 billion and CZ pay $150 million to the Commodities Futures and Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern…
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FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show
In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on bankruptcy lawyers and advisers, the latest round of compensation filings show. Court filings from Dec. 5 to Dec. 16 show that the bankruptcy lawyers have charged at least $118.1 million between Aug. 1 and Oct.…
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