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SEC Charges Prager Metis for Securities Law Violations and Auditor Independence Breaches in Failed Cryptocurrency Exchange Case
The SEC has recently taken significant action against Prager Metis, an accounting firm, due to its involvement with the cryptocurrency exchange FTX, which eventually faced failure. Prager Metis faces two serious allegations in this case. Firstly, they are accused of... -
Cyber Security Firm Discovers Lazarus Group’s New Malware Attack Strategy
Cyber security experts at ESET have uncovered an undocumented cyberattack backdoor, ‘LightlessCan,’ employed by the Lazarus group to target a Spanish aerospace company for espionage. The new attack strategy is stealthiness-driven and can evade real-time monitoring and digital forensic tools,... -
Key Takeaways Chinese EV Companies’ September Deliveries
Chinese EV companies have released their delivery reports for September. Here are the key takeaways from the release and a comparative analysis of leading players. NIO delivered 15,641 vehicles in September which was 43.8% higher than the corresponding month in... -
Compliance Concerns Lead Binance to Shut Down Operations in Russia, Emphasizes Global Expansion Instead
Binance, a popular cryptocurrency exchange, is shutting down its services in Russia. They've decided to sell their business to Commex because doing business in Russia doesn't fit their rules. They want to make sure they follow all the rules and... -
US Senator Introduces Bill Requiring Firms to Report Off-chain Transactions
A United States senator has introduced a new bill for all crypto-facing businesses to report off-chain transactions to a government agency. This legislation protects customers from fraud and manipulation in the crypto industry. Off-chain Business Should Reach CFTC's Ears US... -
Nike Stock Spikes on Fiscal Q1 Earnings Beat: Key Takeaways
Nike stock (NYSE: NKE) is trading higher in US premarket price action today after reporting its fiscal Q1 2024 earnings. While the sneaker giant missed consensus revenue estimates for the first time in two years – it was more than... -
Judge Limits Defense Strategy in Bankman-Fried’s Fraud Trial, Allows Drug Inquiry
As the highly anticipated trial of Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, approaches, Federal Judge Lewis Kaplan has issued a series of crucial rulings that will shape the course of proceedings. These rulings clarify what can and... -
BIS and Central Banks of France, Singapore, and Switzerland Test Cross-Border Wholesale CBSCs
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have successfully conducted a trial of cross-border trading for wholesale central bank digital currencies (CBDCs) known as Project Mariana. A Successful Cross-Border Trading of Wholesale... -
Taiwan Releases Crypto Guidelines as It Tightens Regulation
Taiwan's Financial Supervisory Commission (FSC) has recently issued directives to safeguard customer interests within the cryptocurrency space. A New Direction for Taiwan's Crypto Community On Tuesday, Taiwan's financial regulatory authority introduced an extensive set of directives aimed at virtual asset... -
Alibaba to Spin Off Cainiao Logistics Unit Amid Value Unlocking Push
Chinese e-commerce giant Alibaba (NYSE: BABA) would spin off its logistics arm Cainiao Smart Logistics Network Ltd amid the continued value-unlocking push. Alibaba is looking to list the business in Hong Kong and has received approval from the Hong Kong...
