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“How Data Protection Affects your Company’s Marketing” The digital information era has seen exponential growth in the quantity of data being collected, and with large amounts of data distributed across organizations, both internal and external, there is a significant risk of loss or theft. In recent years, many businesses have become aware of the potential…
” Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6 “ The U.K. outline of the future financial services regulatory regime for crypto covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens and initial coin offerings. And it’s certainly good news for the…
“Enabot EBO X is a security robot that disarms you with its cuteness” It’s becoming more common for houses to have at least one indoor security camera, whether to keep an eye out for intruders or to look out for the safety of family members and pets. Knowing that there’s an all-seeing eye inside your…
” South Korean regulator provides guidance on security tokens “ South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. In a press release, the Financial Services Commission (FSC) highlighted that digital assets that fit the characteristics laid out in the country’s Capital Markets…
” OpenSea serves as an example of why crypto security must improve “ In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone….
” Judge dismisses proposed class action suit alleging Coinbase securities sales “ A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was dismissed in the United States District Court of Southern New York on Feb. 1. The suit, filed on March 11, claimed that 79…
” LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’ “ Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.” According to a Jan. 30 post by Prestwich, this vulnerability “could result in theft of all user funds.” LayerZero CEO Bryan Pellegrino has called Prestwich’s accusation “absolutely shocking”…
” SEC settles on security claim in LBRY case, community calls it a big win for crypto “ The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC…
” Here’s how to prevent NFT theft, according to industry professionals “ As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space,…
” Philippines securities regulator seeks more authority to police the crypto industry “ The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules. According to a Jan. 25 report in local media outlet, the Manila Bulletin,…