Director Carl Erik Rinsch, known for his work on “47 Ronin,” is facing allegations of financial mismanagement after diverting Netflix’s production budget for the sci-fi series “Conquest” into cryptocurrency and stock trading. Rinsch received a $61.2 million budget from Netflix for the series, but by March 2020, $44.3 million had already been spent. Rinsch then […]
A group of creditors from cryptocurrency futures exchange CoinFLEX have accused the founders of OPNX, a new crypto exchange, of using CoinFLEX assets without their consent. The creditors claim that former CoinFLEX CEO Mark Lamb diverted clients and business opportunities to OPNX, misappropriated assets, and divulged confidential trade secrets. They argue that Lamb’s actions were […]
BBVA Switzerland has formed a strategic alliance with Metaco, a subsidiary of Ripple, to enhance its digital asset operations. The collaboration will leverage Metaco’s Harmonize platform, which offers digital asset custody and orchestration solutions. This partnership will enable BBVA Switzerland to expand its digital asset offerings, including DeFi, tokenization, cryptocurrency custody, and smart contract management. […]
Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that the SEC’s regulatory actions against U.S.-based entities like Coinbase, Ripple, and Kraken reflect a localized enforcement approach rather than a genuine effort to protect consumers. […]
Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex exchange, and Huobi’s HECO chain bridge. The first HTX hack occurred shortly after the platform rebranded from Huobi, resulting in the […]
BlackRock and Ark Invest are engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin exchange-traded fund (ETF). One of the key points of contention is the method of investor redemptions, which has significant implications for tax purposes. BlackRock and Ark Invest are advocating for in-kind redemptions, […]
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]
The hacker behind the KyberSwap exploit has expressed a willingness to negotiate after stealing approximately $45 million from the decentralized exchange. In a public message, the attacker informed KyberSwap that negotiations would begin once they had rested. The hack, which occurred on November 23, prompted Kyber Network to advise users to withdraw their funds as […]
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]
On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and Ethereum, with funds stolen primarily consisting of Ether, Wrapped Ether, and USDC. Following the incident, Kyber Network advised users to withdraw their funds as a precaution. The hack […]
