a16zcrypto: “Emerging technologies evolve in cycles; in crypto, this includes periods of high activity, followed by so-called crypto winters. In the period marked by our now-annual State of Crypto report, it would be easy for a casual observer to overlook the rapid progress the crypto industry is making. Major infrastructure improvements like The Merge –… Continue Reading
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Category Archives: Cryptocurrency
GAO Report on SVB, NY Fed Report on SVB
Bank Regulation – GAO-23-106736 – Preliminary Review of Agency Actions Related to March 2023 Bank Failures – Report to the Committee on Financial Services, House of Representatives, April 2023. Released April 28, 2023: “Risky business strategies along with weak liquidity and risk management contributed to the recent failures of Silicon Valley Bank and Signature Bank.… Continue Reading
The Quick and the Dead: building up cyber resilience in the financial sector
“Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures, Frankfurt am Main, 8 March 2023 – “The proliferation of cyber threat actors combined with an increase in remote working and greater digital interconnectedness is raising the risk, frequency… Continue Reading
Cryptocurrency and Taxes: What You Need to Know
PC Mag: “For the fourth year, federal tax forms ask you about Bitcoin and other cryptocurrency activities. The Yes or No question that’s been appearing at the top of Form 1040 has gotten even more specific for the 2022 tax year. It reads, “At any time during 2022, did you: (a) receive (as a reward,… Continue Reading
US says Google routinely destroyed evidence and lied about use of auto-delete
Ars Technica: “The US government asked a federal court to sanction Google for allegedly using an auto-delete function on chats to destroy evidence needed in an antitrust lawsuit while falsely telling the government that it suspended its auto-deletion practices. The US motion to sanction Google seeks a ruling that Google violated the rule against spoliation… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, February 26, 2023
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, February 26, 2023: Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly… Continue Reading
Blockchain – Innovation or Illusion?
Via Slashdot, EditorDavid: “Adam R. Smith, a software engineer with 40+ years of experience reportedly became frustrated with his friends and associates’ claims about the potential of crypto technology and their subsequent losses of money in various schemes, and set out to write a series of articles explaining what blockchain is and whether it lives… Continue Reading
FTX creditor list shows airlines, charities and tech firms caught in collapse
Coin Telegraph: “The over 100-page long document lists every entity FTX owes money to, from Big Tech players to local businesses near its Bahamian headquarters. A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse.… Continue Reading
NY – Consumer Protection Guidance In the Event of Virtual Currency Insolvency
“Today New York Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris released Regulatory Guidance to better protect customers in the event of an insolvency or similar proceeding. The Regulatory Guidance reiterates expectations for sound custody and disclosure practices and the paramount importance of the equitable and beneficial interest in the asset always remaining with… Continue Reading
Addressing the risks in crypto: laying out the options
BIS Bulletin | No 66 | 12 January 2023 by Matteo Aquilina, Jon Frost and Andreas Schrimpf PDF full text The recent high-profile failures of FTX and other crypto firms have re-ignited the debate on the appropriate policy response to address the risks in crypto, including through regulation. The “shadow financial” functions enabled by crypto markets share… Continue Reading
Regulators warn US banks on crypto risks including ‘fraud and scams’ after FTX collapse
CNBC: “U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector,” the regulators said in a joint statement from the Federal… Continue Reading
Inventing the Dark Web
Via LLRX – Inventing the Dark Web – This paper by Thais Sardá, Simone Natale, and John Downey examines how the deep Web, i.e., Web sites that are not indexed and thus are not accessible through Web search engines, was described and represented in British newspapers. Through an extensive content analysis conducted on 833 articles… Continue Reading
