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SEC chief accountant warns accountants about liabilities when auditing crypto firms

Paul Munter, chief accountant of the United States Securities and Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing their finding to be misrepresented could have serious consequences, he said.   Crypto firms may engage accountants to “perform

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Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report

A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as "SBF," will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations of intimidation against Caroline Ellison. In a July 26 hearing in United States District Court for the Southern District of New York, individuals

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Gaming DAO warns users of fake airdrops amid social media hacks

A decentralized autonomous organization (DAO) focusing on gaming has recently warned its users that some of its X accounts were compromised. The company reminded its community that they don’t have airdrops, new mints or anything else planned. In a tweet published on July 24, decentralized game publisher Treasure posted that their

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BTC Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery

Around the same time, China's ruling Communist Party's 24-member Politburo — its top decision-making body, led by President Xi Jinping – said the country's economy is facing new difficulties and the economic recovery will be challenging. Early this year, analysts widely cited China's reopening of its economy as a major

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Crypto lender Delio warns normal operations in jeopardy after asset seizures

South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients after having its assets seized by a local financial regulator. In a July 22 blog post translated from Korean, Delio said an ongoing legal battle with depositors and a July

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Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close.BTC/USD 1-hour chart. Source: TradingView$19,000-$23,000 "still on the cards" for BitcoinData from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance.July 22 saw a brief dip to $29,640

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Binance CEO warns of phishing scams as Uniswap founder gets hacked

Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for

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