US lawmakers to make a last-ditch effort to confirm SEC commissioner

Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number of illegitimate projects have come to fruition, reminding some of the 2017…

Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset." 388 Total views 24 Total shares Seung-beom Koh, a nominee for chairman of South Korea’s Financial Service Commission (FSC), does not regard cryptocurrencies as a financial asset. In a press meeting with local journalists, Seung-beom said…

The Bitcoin Taproot upgrade unlocked the potential to create DApps on the Bitcoin blockchain, improving the blockchain’s long-term viability by accelerating the DeFi movement on the Bitcoin network. Decentralized finance (DeFi) has experienced tremendous success since 2020, with nearly all of that growth being fueled by Ethereum. Ethereum paved the way for novel financial services…

Is the auction house betting that diamonds will become a crypto user's best friend? 1148 Total views 5 Total shares Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month.According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for…

The reported discussions come as the company adds a former NSA director to its board.

On Nov. 18, Big Four auditing firm KPMG released its 2019 Fintech100 ranking, which lists the top 100 fintech firms in the world. The list saw a drop in Bitcoin-related companies but reinforced innovation in the payments industry.As was the case in 2018, AntFinancial — owned by Jack Ma of Alibaba — led the ranking.…

The admin panel used by hackers to access over one hundred accounts can be used by over 1,000 twitter employees — two former Twitter employees revealed. 3260 Total views 20 Total shares More than 1,000 Twitter employees and contractors had access to the internal admin panel that enabled last week’s Twitter hack of 130 high…

Paul Atkins did not directly answer senators’ questions on who might purchase his consulting firm if he were confirmed to the SEC. Lawmakers in the US Senate Banking Committee questioned prospective Securities and Exchange Commission (SEC) member Paul Atkins on his ties to the crypto industry and how he might regulate digital assets if confirmed.

The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter.This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings by twenty times or more is often irresistible for most novice…