Crypto-friendly messenger Telegram is moving to improve compliance and communication with regulators in Kazakhstan by establishing a local office. Telegram agreed to appoint a local representative and open an office in the Republic of Kazakhstan, the country’s Ministry of Digital Development, Innovations and Aerospace Industry said on Oct. 14. According to Minister Zhaslan Madiyev, Telegram’s physical presence […]
Security News
Bipartisan support for crypto is ‘fragile’ — Congressman John Curtis
Congressperson John Curtis, a United States representative for the state of Utah, took the stage at Permissionless III with Utah Senator Mike Lee to discuss the future of digital asset policy in the country. When asked if the bipartisan cooperation on the repeal of Staff Accounting Bulletin-121 (SAB-121) — which made it incredibly restrictive for banks to […]
SEC again delays decision on spot Ethereum ETF options
The United States Securities and Exchange Commission (SEC) has once again postponed ruling on whether an exchange can list options tied to spot Ether ETH$2,466.79 exchange-traded funds (ETFs), according to an Oct. 11 filing. The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, […]
Ripple co-founder donates $1 million in XRP to Harris campaign
Records from the Federal Election Commission (FEC) revealed that Ripple co-founder and executive chairman Chris Larsen contributed 1,754,815.29 XRP XRP$0.5362, valued at $1 million at the time of the donation, to the Harris-Walz 2024 Presidential campaign. The FEC filings show the contribution was made on Aug. 14, 2024, to the pro-Harris Future Forward political action committee […]
SEC again delays decision on spot Ethereum ETF options
The United States Securities and Exchange Commission (SEC) has once again postponed ruling on whether an exchange can list options tied to spot Ether ETH$2,439.24 exchange-traded funds (ETFs), according to an Oct. 11 filing. The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, […]
Crypto-stealing malware discovered in Python Package Index — Checkmarx
Researchers at the Checkmarx cybersecurity firm sounded the alarm on a dangerous form of malware uploaded to the Python Package Index (PyPI) — a platform for Python developers to download and share code — that steals private keys, mnemonic phrases, and other sensitive user data. According to the firm, the malware was automatically uploaded by […]
FBI token: How the FBI used a fake AI fund coin to nab fraudsters
The United States Federal Bureau of Investigation used a fake artificial intelligence fund crypto to catch alleged fraudsters engaged in market manipulation. According to an Oct. 7 indictment in Massachusetts Federal District Court, the coin, which the agency called “NexFundAI (NEXF),” was presented as a crypto security that claimed to represent shares in an AI-related […]
AI deepfake tool on ‘new level’ at bypassing crypto exchange KYC: Report
A new AI-powered deepfake tool called ProKYC that allows nefarious actors to bypass high-level Know Your Customer (KYC) measures on crypto exchanges demonstrates a “new level of sophistication” in crypto fraud, cybersecurity firm Cato Networks said. In an Oct. 9 report, Cato Networks’ chief security strategist Etay Maor said the new AI tool represents a significant step up […]
Crypto staking Jarretts again sue IRS over block reward taxes
Tezos network stakers Josh Jarrett and his wife Jessica Jarrett have again filed a lawsuit against the Internal Revenue Service over its tax treatment of their tokens. In the fresh Oct. 10 complaint filed in a Tennessee federal court, the Jarretts argue that their tokens created through staking should be treated as property and taxable only upon their sale, […]
Crypto ETF issuer Fidelity says breach leaked data of 77K customers
Crypto exchange-traded fund (ETF) issuer Fidelity Investments confirmed a data breach compromised the personal information of over 77,000 of its customers. On Oct. 9, Fidelity filed with Maine’s Attorney General stating that 77,099 of its customers were impacted by a breach — a fraction of its 51.5 million customer base. An attacker accessed customer names and other […]