Ether set for $3.2K breakout, Coinbase exec urges SEC reform: Finance Redefined

Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18.The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify the regulator’s stance on crypto custodial services in Bermuda and to protect clients’ assets.The document provides…

Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects. The not-for-profit consumer advocacy organization said on their website they investigated "celebrities who promote non-fungible tokens (NFTs) on their social media channels", finding that "it is an area rife with deception."Among…

Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.The diamond industry, however, appears to be undergoing a paradigm shift in recent times — incorporating modern technology such as blockchain to improve…

The Binance CEO is rumored to be in Dubai, but with no known base of operations, the SEC wants permission to serve his lawyers on his behalf. The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao,…

Aphex Twin has jumped on the NFT bandwagon by selling an audiovisual piece for nearly 72 Ether. 1802 Total views 9 Total shares Electronic music legend Aphex Twin is the latest artist to join the ongoing non-fungible token mania in the music industry.Richard D. James, popularly known as Aphex Twin, officially announced his own NFT…

The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic. The FDA-approved Coronavirus ventilator manufacturer Boyce Technologies has been targeted by ransomware launched by the DoppelPaymer gang, who are  threatening to leak data from the company.Cointelegraph has viewed the DoppelPaymer blog, where the gang lists example files of the…

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the initial…

The crypto community is rallying around the charge to fight COVID-19, with a variety of initiatives raising money to fight the pandemic and support charities on the front lines of the battle. The most recent: an online poker tournament, open to anyone and featuring a host of well-known crypto faces.The Giving Block has partnered with…

The SDSU announced that it’s accepting donations in cryptocurrency to fund activities that promote crypto adoption within the university. 98 Total views 15 Total shares Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming…