SEC Fines BlackRock $2.5M for Incorrect Investment Disclosure
The U.S. Securities and Exchange Commission has fined BlackRock Advisors $2.5 million for failing to accurately describe investments in the entertainment industry that constituted a significant portion of a publicly traded fund it managed. According to a filing with the SEC, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made substantial investments in a […]
Telegram Maestrobots Refunds 610 ETH to Users After Exploit
Maestrobots, a group of cryptocurrency bots on the Telegram messenger, refund users has refunded users 610 ETH in the aftermath of a 280 ETH smart contract exploit on Oct. 24. The Maestro team refunded users affected by the Maestro Router 2 contract, X (formerly Twitter) announced on October 25. According to the announcement, Maestrobots paid […]
Central Bank of Spain Adopts Digital Euro CBDC
The Central Bank of Spain joins other European banking institutions in preparing their clients for the advantages of the “digital euro,” saying the CBDC will make electronic payments a vital piece of the financial system. The Bank of Spain published a brief text explaining the nature and applications of the potential central bank digital currency […]
FTX Crypto Exchange Weighs Post-bankruptcy Option
Post-bankruptcy, FTX Trading Ltd., a once-prominent player in the cryptocurrency exchange industry, is carefully contemplating its future and weighing its options, which include selling the entire exchange. Kevin M. Cofsky, the company’s investment banker from Perella Weinberg Partners, revealed during a court hearing in Wilmington, Delaware, that a decision regarding the company’s direction would be […]
dYdX Publishes Open-source Code for New Cosmos-based Network
According to a blog post from October 23, the cryptocurrency exchange dYdX has released the open-source code for its upcoming Cosmos-based network with the same name. The new code contains the “protocol, order book, front-end, and more,” according to the post. The publication of the code is intended to pave the way for the introduction […]