The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery.
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Fantom DEX rescued at eleventh hour following planned shutdown
SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain.
In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is also based on Fantom. In consideration, Power will deploy 200,000 USD Coin (USDC) into the SpiritSwap treasury.
“Initially, I had requested a deposit of 20-30K to the treasury to cover the essential costs of SpiritSwap. However, the Power team is willing to go above and beyond by depositing 200,000 USDC," wrote Nzaru, head manager at SpiritSwap, who announced that he would depart the DEX after receiving a new job offer. “On the 30th, I will finalize the new team and conduct orientation sessions to prepare for the upcoming month,” he said.
Snapshot of the SpiritSwap takeover proposal. Source: SnapshotPrior to the acquisition, Power developers stated: “We have the means and the desire to inherent SpiritSwap. This would be a direct benefit to the PNFT holders, the POWER community, and the SpiritSwap community.”
On Aug. 9, SpiritSwap said it would wind down operations by Sept. 1 if it could not find a team to take over after the Multichain exploit drained its entire treasury. Interestingly, Power was also exposed to the Multichain fiasco but only suffered “small” losses, as its treasury assets were not bridged to Multichain.
Fantom DEX rescued at eleventh hour following planned shutdown
SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit.
Breaking: Valkyrie files for Ether futures ETF with the SEC
Asset management firm Valkyrie has filed for an Ether futures ETF with the U.S. SEC on Aug. 16.
Breaking: Valkyrie files for Ether futures ETF with the SEC
Asset management firm Valkyrie has filed for an Ether futures ETF with the U.S. SEC on Aug. 16.
Satoshi-era Bitcoin awakens - 1005 BTC mined in 2010 on the move
1,005 BTC valued at $29 million have been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements.
Satoshi-era Bitcoin awakens - 1005 BTC mined in 2010 on the move
1,005 BTC valued at $29 million have been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements.
Banning ransomware payments: An attractive but dangerous idea
A successful cyberattack on critical infrastructure — such as electricity grids, transportation networks or healthcare systems — could cause severe disruption and put lives at risk.
Our understanding of the threat is far from complete since organizations have historically not been required to report data breaches, but attacks are on the rise according to the Privacy Rights Clearinghouse. A recent rule from the United States Securities and Exchange Commission should help clarify matters further by now requiring that organizations “disclose material cybersecurity incidents they experience.”
As the digital world continues to expand and integrate into every facet of society, the looming specter of cyber threats becomes increasingly more critical. Today, these cyber threats have taken the form of sophisticated ransomware attacks and debilitating data breaches, particularly targeting essential infrastructure.
A major question coming from policymakers, however, is whether businesses faced with crippling ransomware attacks and potentially life threatening consequences should have the option to pay out large amounts of cryptocurrency to make the problem go away. Some believe ransoms be banned for fear of encouraging ever more attacks.
Following a major ransomware attack in Australia, its government has been considering a ban on paying ransoms. The United States has also more recently been exploring a ban. But other leading cybersecurity experts argue that a ban does little to solve the root problem.
Banning ransomware payments: An attractive but dangerous idea
The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses?
Banning ransomware payments: An attractive but dangerous idea
A successful cyberattack on critical infrastructure — such as electricity grids, transportation networks or healthcare systems — could cause severe disruption and put lives at risk.
Our understanding of the threat is far from complete since organizations have historically not been required to report data breaches, but attacks are on the rise according to the Privacy Rights Clearinghouse. A recent rule from the United States Securities and Exchange Commission should help clarify matters further by now requiring that organizations “disclose material cybersecurity incidents they experience.”
As the digital world continues to expand and integrate into every facet of society, the looming specter of cyber threats becomes increasingly more critical. Today, these cyber threats have taken the form of sophisticated ransomware attacks and debilitating data breaches, particularly targeting essential infrastructure.
A major question coming from policymakers, however, is whether businesses faced with crippling ransomware attacks and potentially life threatening consequences should have the option to pay out large amounts of cryptocurrency to make the problem go away. Some believe ransoms be banned for fear of encouraging ever more attacks.
Following a major ransomware attack in Australia, its government has been considering a ban on paying ransoms. The United States has also more recently been exploring a ban. But other leading cybersecurity experts argue that a ban does little to solve the root problem.
Banning ransomware payments: An attractive but dangerous idea
A successful cyberattack on critical infrastructure — such as electricity grids, transportation networks or healthcare systems — could cause severe disruption and put lives at risk.
Our understanding of the threat is far from complete since organizations have historically not been required to report data breaches, but attacks are on the rise according to the Privacy Rights Clearinghouse. A recent rule from the United States Securities and Exchange Commission should help clarify matters further by now requiring that organizations “disclose material cybersecurity incidents they experience.”
As the digital world continues to expand and integrate into every facet of society, the looming specter of cyber threats becomes increasingly more critical. Today, these cyber threats have taken the form of sophisticated ransomware attacks and debilitating data breaches, particularly targeting essential infrastructure.
A major question coming from policymakers, however, is whether businesses faced with crippling ransomware attacks and potentially life threatening consequences should have the option to pay out large amounts of cryptocurrency to make the problem go away. Some believe ransoms be banned for fear of encouraging ever more attacks.
Following a major ransomware attack in Australia, its government has been considering a ban on paying ransoms. The United States has also more recently been exploring a ban. But other leading cybersecurity experts argue that a ban does little to solve the root problem.
Banning ransomware payments: An attractive but dangerous idea
The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses?
Banning ransomware payments: An attractive but dangerous idea
The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses?
Banning ransomware payments: An attractive but dangerous idea
The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses?
ZetaChain raises $27M in equity round to enable chain-agnostic interoperability
Participants in the round include Blockchain.com, Sky9 Capital, Jane Street Capital, VistaLabs, Human Capital, VY Capital, CMT Digital, among other investors.
3AC founders fined by Dubai regulator over OPNX exchange
OPNX CEO Leslie Lamb and executives Kyle Davies, Su Zhu and Mark Lamb were all issued a $58,000 fine for violating marketing regulations in the emirate.
3AC founders fined by Dubai regulator over OPNX exchange
OPNX CEO Leslie Lamb and executives Kyle Davies, Su Zhu and Mark Lamb were all issued a $58,000 fine for violating marketing regulations in the emirate.
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said.
From the U.S. to Japan, regulators are beginning to embrace crypto
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.
$26M ETH bridged: ConsenSys completes public launch of zkEVM Linea
ConsenSys’ Ethereum scaling network Linea is now fully public, having processed over three million transactions and bridging $26 million in Ether.