The ruling will enable the U.S. Commodity Futures Trading Commission (CFTC) to regulate cryptocurrencies and make make fraudsters more accountable for their actions. In a landmark ruling, U.S. federal judge Jack Weinstein ruled that virtual currencies, including bitcoins, can be regulated as commodities by the U.S. Commodity Futures Trading Commission (CFTC). The ruling allows the…
The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…
This updated guidance addresses concerns on how and when public companies should disclose their cyber security risks and breaches. In a development that will significant impact tech firms, the U.S. Securities and Exchange Commission has updated its guidance to public companies on how and when they should disclose cyber security risks and breaches, including known…
Investors who are averse to investing in bitcoins have now the opportunity to tap the excitement surrounding the cryptocurrency by investing in ETS that invest on blockchain technology to cut costs. Investors looking to tap the excitement surrounding bitcoin technology are likely to get a new opportunity this week since from Wednesday, the shares they…
Ahead of its launch, Spotify and the music group of China’s Tencent Holdings Ltd have aligned their interests for future negotiations with music labels. On Friday, a report by the Wall Street Journal stated China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks to swap stakes of up to 10% of each other’s…
Although the SEC had “promptly” patched the vulnerability in its EDGAR system which stores millions of confidential data that companies are required to file to the SEC, the fact that hackers have managed to penetrate its systems, have stoked investor concerns. In a startling development, the U.S. Securities and Exchange Commission (SEC), disclosed that hackers…
While it has provided limited info, there will be more clarity on the issue once it files its quarterly returns. In response to questions from the U.S. Securities and Exchange Commission, Qualcomm Inc has disclosed further details on the impact of its ongoing dispute with Apple Inc. As part of its response Qualcomm stated, revenues…
The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…
While ICOs are a lightning fast way of sourcing capital for startups, the SEC’s report highlights potential pitfalls citing a very interesting case. Regulators on Wall Street stated that initial coin offerings (ICOs), should be subject to the same stringent safeguards that are in place for the sales of traditional securities. ICOs have become…
Yahoo had identified the some of the hackers as having the backing of a state. As a result 26 individuals had been notified. In a regulatory filing with the SEC, Yahoo has admitted that its senior management did not properly comprehend or fully investigate the incidents. In a regulatory filing Yahoo has shed some more…
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