EU Markets Regulator Warns of DeFi’s ‘Serious Risks’
ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty Source
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Warns
Bitcoin (BTC) Prices Could Face Downward Pressure in Short Term, Trader Warns
“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CryptoX. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.” Source
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Group-IB warns about malware targeting banking apps and crypto wallets in Vietnam
Group-IB, a cybersecurity firm, has discovered a malware designed to steal funds from financial organizations and crypto wallets in Vietnam. In a blog post on Oct. 4, Group-IB said Android devices are the primary targets of the GoldDigger trojan. It is distributed through false versions of the Vietnamese government application on the Google
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VC Firm Co-Founder Warns of Bitcoin Collapse
In a recent post, investor Chris Burniske expressed the belief that a bottom is looming for the top cryptocurrencies. Burniske predicts that
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Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000
On October 2, Mike McGlone, Commodity Strategist at Bloomberg, took to social media X (formerly known as Twitter) to express his concerns
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Data breaches put domestic abuse victims’ lives at risk, UK Information Commissioner warns
Warning comes after the ICO reprimands seven organisations in the past 14 months for data breaches affecting victims of domestic abuse. Most cases related to organisations inappropriately disclosing the victim’s home address to alleged perpetrators. Commissioner urges organisations to take
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Coinbase CEO warns against AI regulation, calls for decentralization
Brian Armstrong, the CEO of crypto exchange Coinbase, expressed his stance on artificial intelligence (AI) regulation in a recent post on the social media platform X (formerly Twitter). On Sept. 23, Armstrong explained that he believes that AI should not be regulated. According to the Coinbase CEO, the AI space needs
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EU’s MiCA Could Lead to Multiple Stablecoin Delisting, Binance Warns
“A lot of the stablecoin issuers will be, or will purport to be, completely decentralized, therefore without any point of decision or issuance” and hence unable to meet MiCA strictures, Thomas Vogel, a partner at law firm Latham & Watkins, said. “This has become a sort of threshold question for
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Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
Prime Trust filed for bankruptcy in August, roughly two months after Nevada regulators alleged the company was unable to meet its customers' withdrawal requests. The company also used customer funds to invest in failed stablecoin project Terra, in addition to engaging in other dubious business practices, a court filing shows. Source
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U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit. Source
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