STEPN impersonators stealing users’ seed phrases, warn security experts

Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cybercriminals obtain the seed phrase, they gain complete control over the […]

Bitcoin Bounces Around $40K as Stocks Waver; Crypto Security Concerns Intensify

●Bitcoin (BTC): $40755, +0.66% ●Ether (ETH): $3010, −1.67% ●S&P 500 daily close: $4392, −0.02% ●Gold: $1982 per troy ounce, +0.57% ●Ten-year Treasury yield daily close: 2.86% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); […]

Blockchain Security Firm CertiK Confirms $88M Raise at $2B Valuation

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]

The White House Considers Bitcoin And Crypto “A Matter Of National Security”

The White House is stepping in. Started at the bottom, now we’re “a matter of national security.” According to Barrons and Bloomberg, the Biden administration is putting itself in the middle of cryptocurrencies and Bitcoin regulation. Apparently, the White House will get input from several agencies and then draft a centralized all-encompassing policy. It’s “a […]

Security Token Exchanges May be the Next Phase in the Finance Evolution

In 1996, there were over 8,000 public companies listed on exchanges in the United States. Fast forward to 2020 and there are only approximately 4,400 — a drop of 46% despite the fact that the S&P 500 quadrupled in value. Conventional wisdom would lead readers to think they are looking at a misprint. This paradox […]

“XRP is Not a Security” Says Ex-CFTC Chairman, Now Paid by Ripple

Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, published an opinion on June 17 arguing that XRP does not fulfil the criteria to be considered a security according to the Howey Test. Giancarlo left the CFTC in April 2019, and he is no longer in charge of making such decisions. Perhaps even more questionably, […]

Former CFTC Chair Giancarlo Lays Out Why He Thinks XRP Isn’t a Security

XRP is more like an alternative currency than a security, argues the former chair of the U.S. Commodities Futures Trading Commission (CFTC). In an op-ed for the International Financial Law Review, Chris Giancarlo, who was chairman of the CFTC until last year, argued Ripple Labs hadn’t violated any U.S. securities regulations and that the third-largest […]

XRP Isn’t a Security, Says Ex-CFTC Chairman Who Is Working at Ripple

Chris Giancarlo, who as a CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP. Chris Giancarlo, American attorney and former business executive who served as 13th chairman of the United States Commodity Futures Trading Commission wrote recently in the International Financial Law Review that XRP, the cryptocurrency formally […]

Mauritius Releases Guidance for Regulated Security Token Offerings

The chief financial watchdog of Mauritius, an island-state off the coast of Madagascar, has created a regulatory regime for a full-fledged security token ecosystem in the country. On Monday, the Mauritian Financial Services Commission (FSC) announced a framework specifically for security tokens. Together with a 15-page guidance document, the regulator said this was the start […]

BlockFi Taps Defense Department, Microsoft Alum as Security Chief

Cryptocurrency lending platform BlockFi has hired a veteran of the U.S. Department of Defense and Microsoft to take charge of the firm’s security. The New York-based company announced Monday that Adam Healy will be coming aboard as chief security officer, charged with fortifying the firm’s defenses to protect client data, digital assets and proprietary information. […]