An Elon Musk Imposter, Foreign Malware Samples, and More Security News This Week

Compromised crypto, flawed SSDs, and more of the week’s top security...

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Korean Exchange Terminating After Regulator Crackdown
Nov11

Korean Exchange Terminating After Regulator Crackdown

Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Terminating Services and Fund Zeniex, an exchange launched in May, announced on...

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Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force
Nov11

Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force

In recent regulatory news, the chairman of the United States Commodity Futures Trading Commission has predicted that distributed ledger technology will soon be adopted by the CFTC to monitor the financial markets, and a supervisor of the REACT Task Force has emphasized the priority placed on policing SIM swapping in Northern California. In addition, Germany’s financial watchdog has ordered a cessation of UK-based Finatex’s...

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Iran Completes Development of Rial-Supported National Cryptocurrency
Nov11

Iran Completes Development of Rial-Supported National Cryptocurrency

Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas Releases Discussion Paper on Crypto-Assets Regulation Banks to Be...

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Colorado Takes Action Against Four More ICOs – 12 in Total
Nov11

Colorado Takes Action Against Four More ICOs – 12 in Total

The Division of Securities of the U.S. state of Colorado has issued four new cease-and-desist orders to stop as many companies from promoting their tokens to residents of the state. So far, action has been taken against a total of 12 initial coin offerings by the state’s securities commissioner. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Four New Orders Colorado Securities Commissioner Gerald Rome...

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