New FTX management says FTX paid $2.2 billion to Sam Bankman-Fried

FTX filed for Chapter 11 bankruptcy in November 2022 and shortly after the new CEO John J. Ray III described the exchange’s collapse as a “complete failure of corporate controls and a complete absence of trustworthy financial information. дальше »

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Trezor Now Controls Its Silicon Chip Supply Chain

The Bitcoin hardware company has begun manufacturing its own chip wrapper for the Trezor Model T. дальше »

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EU Metaverse Policy Should Consider Discrimination, Safety, Data Controls: Commission Official

The European Commission plans to set out its policy on virtual worlds in May. дальше »

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Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD. дальше »

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FTX Being Advised by Cybersecurity Firm Sygnia on Hack Inquiry, CEO Ray Says

The crypto exchange’s current chief executive blasted weak cybersecurity controls at the company under Sam Bankman-Fried’s leadership. дальше »

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Bahamas controls FTX customer assets worth $3.5bn

Late Thursday, Dec.29, 2022, the Securities Commission of the Bahamas stated that it was holding more than $3.5 billion in FTX client assets since Nov.12.  дальше »

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Coinbase’s Prime Broker Platform Receives Industry Attestation Reports

The reports look at internal controls over financial reporting, as well as controls based on trust principles. дальше »

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Celsius interim report reveals custody program issues on reimbursement

A new report by the examiner of the bankrupt crypto lender, Celsius Network, details shortfalls in controls and operations at two of the company’s product offerings related to digital assets it held in custody for customers, raising issues of whether… дальше »

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The full story of how FTX's weak internal controls contributed to its collapse

FTX had poor financial reporting processes in place Poor corporate culture undermined quality of work relations A compromised system exposed shareholders and users to elevated risks  LaxThe post The full story of how FTX's weak internal controls contributed to its collapse appeared first on AMBCrypto. дальше »

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'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits

An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations. дальше »

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FTX’s bankruptcy filings show ‘complete failure of corporate controls’

Bankruptcy filings have called out Sam Bankman-Fried (SBF) and the entire FTX team for a complete failure of corporate controls. The latest bankruptcy filings have blasted SBF and his executives for completely failing to have a handle on their corporate affairs. дальше »

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FTX Fraud: More Bombshell Revelations in New Bankruptcy Filing

Lies, embezzlement, incompetence, and several instances of fraud are some of the subjects discussed in the new filing. A Complete Failure of Corporate Controls Things are going from bad to... дальше »

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In A World Of Capital Controls, Bitcoin Reigns Supreme

Countries around the world are tightening restrictions on their citizens’ bank accounts. Bitcoin is the best way for people to protect their money. дальше »

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BTC miners and holders have this is common, and no, it's not worth celebrating

The cryptocurrency market, for what seems like an eternity, has been in a bear market, with prices consistently hitting new lows. Even Bitcoin [BTC], which controls a majority of the cryptocurrency mThe post BTC miners and holders have this is common, and no, it's not worth celebrating appeared first on AMBCrypto. дальше »

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About Capital Now Controls Majority Shares In Huobi Global 

Huobi Global, a Chinese giant exchange, revealed that the largest shareholder in the company has sold its entire shares to About Capital's buyout vehicle. дальше »

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Tribe DAO Proposes Repayment For Victims Of Rari’s $80 Million Attack

Following an April hack attack that affected many Tribe users, the Tribe DAO community has proposed compensation. The tribe is a decentralized autonomous organization (DAO) that controls three projects in the ecosystem. дальше »

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Hackers Mess With South Korea’s YouTube Channel To Play Elon Musk Crypto Video

According to local media sources, the official South Korean government YouTube channel was hacked on Saturday to show a video of SpaceX CEO Elon Musk discussing cryptocurrencies. Yonhap News reports that once the hackers gained access to this channel’s controls, they renamed it “SpaceX Invest” to make it appear to be affiliated with Musk’s aerospace […] дальше »

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dYdX Confirms It Complied With Treasury’s Tornado Cash Ban

Tornado Cash was added to the Office of Foreign Assets Controls sanctions list this week. dYdX Caught Up in Tornado Cash Ban The U.S. Treasury Departments decision to blacklist Tornado... дальше »

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U.S. Treasury Sanctions Ethereum Mixing Tool Tornado Cash

“Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors,” a statement from the Treasury said. Treasury Sanctions Tornado Cash... дальше »

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Here's Who Controls Most of Bitcoin's Circulating Supply: Details

Bitcoin was worth $20,032, up 2.40% in previous 24 hours дальше »

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Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It

While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1. дальше »

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Ethereum's Arbitrum Now Controls over 50% of All L2s' TVL

Largest Ethereum-based second-layer solution is ready to launch Arbitrum Odyssey, an eccentric community-driven journey дальше »

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Price Controls Don’t Work Even Under Penalty of Death

Throughout history, price controls have never been successful in taming runaway inflation. It is impossible to put controls on the bitcoin price. дальше »

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Who controls your Bitcoin?

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Panama President demands strict anti-money laundering measures in new crypto law

Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19. дальше »

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New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate

China is back with a vengeance. The Cambridge Centre for Alternative Finance, or CCAF, collected data “spanning the period from September 2021 to January 2022” for their latest study. The headline is that, ban or no ban, the Asian country controls 21% of the Global Bitcoin mining hashrate. дальше »

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BitFarms: mining from the inside

Many large Bitcoin miners are already very successful in limiting, or even neutralizing, their emissions. For example, Bitfarms controls 1. 5 percent of the hashing power in the network and runs 99 percent on clean energy. дальше »

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Sequoia Capital Aims to Exploit Weaknesses in OpenSea’s Dominance

Sequoia Capital is set to exploit certain things they consider to be weaknesses associated with OpenSea’s NFT marketplace dominance OpenSea: Google or Yahoo When it comes to NFTs, OpenSea is the gold standard for NFT marketplaces; this platform currently controls over 43% of the NFT trading market. дальше »

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Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

The bullish outlook appears as the Russian central bank imposes stricter capital controls on its citizens, including a ban on using rubles to buy the U.S. dollar. дальше »

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Bitcoin Rises as Visa and MasterCard Shun Russia Amid Capital Controls and Long Bank Queues in Moscow

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War coincides with Bitcoin’s highest ‘real’ volume since early December

“Investors are speculating that crypto will become increasingly important apolitical and trustless money in a time of escalating geopolitical uncertainty, conflict, and capital controls,” Arcane Research wrote. дальше »

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Ukraine Bitcoin exchange volume spikes 200% as Russia war sparks currency concerns

Kuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows. дальше »

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President Biden Announces Technology Export Controls, Bank Sanctions Against Russia

Several European countries have also announced sanctions to try and force Russia to cease hostilities after it invaded Ukraine. дальше »

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Rocket Pool Controls One Percent of All Ethereum 2.0 Validators

Rocket Pool, a decentralized ETH staking pool provider, operates one percent of all Eth2.0 validators roughly three months after launching. дальше »

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SEC Demands Bitwise To Clarify Concerns Over Share Manipulation

The agency’s worries about the forthcoming project include liquidity and the possibility of share controls. The SEC has informed Bitwise investment company about salvaging issues with share monopolization, fraudulent acts, and other possible challenges that can arise in its planned spot Bitcoin ETF. дальше »

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2016 Bitfinex hack: U.S arrests accused couple, seizes stolen Bitcoins worth $3.6B

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3. 6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange BitfinThe post 2016 Bitfinex hack: U. дальше »

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Circle’s USD Coin is silently closing the gap to Tether

Tether’s dominance as the largest stablecoin in the crypto space is quietly being eroded by the growth of Circle’s USD Coin (USDC), which now controls around 30% of the stablecoin market. The post Circle’s USD Coin is silently closing the gap to Tether appeared first on CryptoSlate. дальше »

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Amber Group успешно прошла аудит SOC 2

Amber Group успешно прошла проверку на соответствие требованиям стандарта Service and Organization Controls 2 (SOC 2). Для клиентов это гарантия защиты мерами безопасности институционального уровня. дальше »

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0.01% of Bitcoin holders control 27% of all circulating coins: Study

Bitcoin’s “one percent” reportedly controls a greater share of BTC than the richest U.S. households control in dollars.

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Ripple And XRP Prone To More Wins As SEC Reportedly Argues It Never Declared Bitcoin And Ether Compliant Cryptos

The issue of compliance to government regulatory controls has a thorn in the neck of crypto projects, and it may have actually stalled some of them. However, those strong enough like Bitcoin and Ethereum have managed to press on, even through years of restrictive and hostile government reactions. Now, things are looking up for the […] дальше »

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How To Buy DeFi – Is Investing in DeFi Coins Worth It?

DeFi stands for Decentralized finance. To this day, we have always used Centralized finance, where a central authority controls money flow. Banks and the government control it. That’s a type of system that is based on trust. дальше »

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Second-largest Ethereum mining pool to suspend all operations

Launched in China in 2018, SparkPool controls over 22% of Ether’s hash rate as of Monday, second only to Ethermine.

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Brave vs Chrome 2021 – Speed, Privacy, Security Comparison

As of today, Google Chrome browser still controls around 65 to 70% of the market share. But that seems to be changing rapidly. I’ve been following the development and the growth of the new Brave browser over the past couple of years. дальше »

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Cardano, Litecoin and Polkadot: What traders need to know

Even though Bitcoin controls almost half of the entire crypto market, altcoins play a very important role in uplifting the market as well. Looking at the recent performance of some major altcoins, it The post Cardano, Litecoin and Polkadot: What traders need to know appeared first on AMBCrypto. дальше »

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Marathon Digital Aims To Control 12% Of The Bitcoin Network Total Hash Rate Following Latest Huge Mining Hardware Procurement

While the Bitcoin network stays fairly decentralized in the meantime, there is a piling pressure among the largest Bitcoin mining companies to control the majority of the mining hash rate. The race sets AntiPool, which controls 17. дальше »

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In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. The post In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets appeared first on CryptoSlate. дальше »

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Rigorous audit validates Bitaccess as a trusted and secure SaaS solution for the Bitcoin ATM industry

Today, Bitaccess, the leading enterprise platform for Bitcoin ATM operations, announced that the company has successfully completed System and Organization Controls (SOC) 1® and SOC 2 audits conducted... дальше »

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Auditchain To Use NFTs for Accounting and Disclosure Controls

July 20, 2021 – ZUG, SWITZERLAND – Auditchain Labs AG, (https://auditchain.finance) the developer of the world’s first decentralized accounting, financial reporting, audit and analysis virtual machine for assurance and disclosure, today announced a new NFT creation platform that will allocate royalties between curators and validators of global standard logic-based accounting and disclosure control components.  Accountants.Read More дальше »

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Auditchain To Use NFTs for Accounting and Disclosure Controls

Press Release: The launch of the world’s first decentralized accounting, audit, financial reporting virtual machine will feature non-fungible tokens for Proof of Assurance of disclosure controls and to allocate royalties between creators and validators of control logic  July 20, 2021 – ZUG, SWITZERLAND – Auditchain Labs AG, (https://auditchain. дальше »

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Dogecoin co-creator says a cartel of wealthy people controls crypto

Dogecoin’s (DOGE/USD) co-creator, Jackson Palmer, has come out to declare that he does not intend to return to the crypto space ever again. The software engineer shared this news through a tweetstorm on July 14, surprising many people, seeing as he seldom talked or tweeted about crypto after distancing himself from Dogecoin. дальше »

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