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BNB Chain Dominates Q1 2023 Rug Pull Scams

BNB Chain Dominates Q1 2023 Rug Pull Scams

According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined.

Coinbase Revenue Triples in Q1 2021 amid Lower Than Expected Earnings per Share

Coinbase Revenue Triples in Q1 2021 amid Lower Than Expected Earnings per Share

Coinbase released its first quarterly financial report of 2021 yesterday. This is the company's first earnings report since its direct-listing on Nasdaq on April 14.

Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends

Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends

Dragonfly’s 2023 Crypto Compensation Report unveils key trends in salary, equity, and token packages across the crypto industry.

SlowMist Report: 10 Crypto Incidents Unveiled

SlowMist Report: 10 Crypto Incidents Unveiled

The SlowMist Weekly Security Report (Oct 1 - Oct 7, 2023) underscores ten security incidents in the crypto realm, with Stars Arena suffering the heaviest loss of $3 million. From DNS hijacking to Discord hacks, the report highlights the financial repercussions and urges the community to adopt stringent security measures.

FASB Finalizes New Accounting Standards for Crypto Assets

FASB Finalizes New Accounting Standards for Crypto Assets

FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024.

U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation

U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation

A group of U.S. Senators has expressed concern over a two-year delay in implementing tax reporting requirements for crypto brokers, urging the Treasury Department and IRS to expedite the process to close the crypto tax gap, provide clarity for taxpayers, and secure billions in lost tax revenue. The delay contradicts the directives of the Infrastructure Investment and Jobs Act and gives leeway to crypto lobbyists opposing the rule.

Goldman Sachs Continues Expanding Digital Assets Team, Now Looking For New VP

Goldman Sachs Continues Expanding Digital Assets Team, Now Looking For New VP

Goldman Sachs is looking for a new Vice President for its Digital Assets team to helps define and execute the investment firm’s global blockchain strategy.

Goldman Sachs Explores Development of its Own Digital Token

Goldman Sachs Explores Development of its Own Digital Token

Leading global investment bank Goldman Sachs is examining options of creating its own cryptocurrency. The bank has appointed Mathew McDermott as the worldwide head of digital assets to spearhead the realization of this dream.

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