While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators. Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss. The guidelines came from the United States…

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap. The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital….

A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.” The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present. The Commodities Futures…

The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders. Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development. The Polygon ID service uses zero-knowledge proofs (ZK proofs)…

The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals. The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.” The scammer by the pseudonym Monkey Drainer posted to their Telegram…

Proving their supremacy when it comes to investor security and prioritizing investor interests is where decentralized finance has the ability to shine. For most retail crypto investors, centralized digital marketplaces like Binance, Coinbase, Kraken, and many more have been the preferred gateway to the world of cryptocurrency trading. However, as leaked customer data like the…