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Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs).During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the
Read MoreThe European Central Bank has warned the global community about the risks of so-called “stablecoin runs.”Analogous to the term “bank runs” in the traditional financial system, stablecoin runs could occur if end users lose confidence in the issuer or its network, the ECB wrote in a Sept. 22 report. In traditional
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Cybersecurity experts are warning that the Twitter hack on July 15 shows that the social network needs to strengthen its security in order to avoid a worse black swan scenario with serious consequences.In the most recent incident, attackers launched a crypto giveaway scam by posting phishing messages through the hijacked
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Stablecoins can pose risks to financial stability and need to be adequately regulated, according to the Group of 20.The G20’s Financial Stability Board (FSB) issued a comprehensive stablecoin study on April 14, presenting 10 recommendations to regulate them effectively.The regulators were spurred by the introduction of Facebook’s Libra, which
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Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking.According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows
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Los Angeles County just announced a state of emergency in response to the coronavirus. New York City, meanwhile, might be even more vulnerable. Both cities are taking precautions to contain the spread of this virus. California announced its first COVID-19 death on Wednesday. On the same day, Los Angeles
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