Tag: Securities and Exchange Commission

Crypto job postings drop nearly 60% in December 2023 despite recent bitcoin rally
6Jan By adminNo Comments
Technology

Crypto job postings drop nearly 60% in December 2023 despite recent bitcoin rally

[ad_1] Hiring in crypto isn't heating up as fast as the recent rally the space has seen on expectations of an imminent approval of a US exchange-traded fund investing directly into Bitcoin. Crypto job postings on LinkedIn declined 57% year-over-year in December, less than the 71% year-over-year drop in November, according to the professional networking site. Between November and the end of the year, Bitcoin's price rose 57%, according to data compiled by Bloomberg. At jobs board CryptocurrencyJobs.co, which charges for job posts, December was one of the best months of 2023 in revenue, said Daniel Adler, the website's founder.  We are now on WhatsApp. Click to join. For much of 2023, layoffs abounded, with companies like Gemini Trust and Binance.US shedding staff amid a regulatory crac...
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The countdown for a bitcoin ETF decision is on and It is approaching a critical deadline
17Dec By adminNo Comments
Technology

The countdown for a bitcoin ETF decision is on and It is approaching a critical deadline

[ad_1] There's likely fewer than 30 days left before the crypto world's inevitable leap into traditional finance offers digital-money proponents a path to redemption post-FTX. That's the bullish narrative in virtual-currency land as the clock ticks down to Jan. 10 – when US regulators must finally decide whether to greenlight a physically-backed Bitcoin ETF. The Securities and Exchange Commission will by that time be required to either accept or deny an application from Cathie Wood's ARK Investment and 21Shares, who were the first to file during this year's batch of applicants. It could at that time also rule on other similar filings. More than 10 companies are working toward getting these ETFs — which would directly hold Bitcoin - green-lit.Should approval finally happen, it would mark...
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SolarWinds Misled Public on Cyber Risk Before Hack, SEC Claims
31Oct By adminNo Comments
Technology

SolarWinds Misled Public on Cyber Risk Before Hack, SEC Claims

[ad_1] The Securities and Exchange Commission alleged on Monday that SolarWinds Corp. defrauded investors by downplaying security risks ahead of a hack of its software that rippled through computer systems across the US government and corporate America. The SEC also accused the top information security official at SolarWinds, Tim Brown, of breaking securities rules in a lawsuit filed in federal court in Manhattan. The action is the first time the regulator has sued a computer security executive for a cybersecurity-related issue.  The SolarWinds hack was among the worst cyber breaches in history, affecting hundreds of public companies and numerous government agencies. The motives behind the breach remain unclear. The US blamed Russia and sanctioned dozens of entities and officials for t...
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Bitcoin Seen At $25000! Crypto Gets More Attractive as SEC Gets Aggressive, Investors Say
24Oct By adminNo Comments
Technology

Bitcoin Seen At $25000! Crypto Gets More Attractive as SEC Gets Aggressive, Investors Say

[ad_1] Bitcoin will trade between $17600 and $25000 until the end of this year, survey of market participants shows. A crackdown by the US Securities and Exchange Commission and other watchdogs who have been investigating crypto's naughtiest companies is proving to be a boon for the industry, with market participants saying they're more likely to invest in the space following greater enforcement action. Almost 60% of the 564 respondents to the latest MLIV Pulse survey indicated they viewed the recent spate of legal action in crypto as a positive sign for the asset class, whose trademark volatility has all but dissipated in recent months. Major interventions include the US regulatory investigations of bankrupt crypto firms Three Arrows Capital and Celsius Network, as well as an SEC ...
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