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CFTC Commissioner Christy Goldsmith Romero has suggested that regulators need to update their protection measures with technological advances, or crypto investors could be impacted. Romero has picked technology experts in fintech, responsible artificial intelligence, cryptocurrency, blockchain, and cybersecurity for the CFTC’s Technology Advisory Committee (TAC). The TAC is being asked to identify ways to install Know Your Customer (KYC) and Anti-Money Laundering (AML) processes into decentralized finance and crypto investment avenues.

Portfolio Pulse from Khyathi Dalal

September 12, 2023 | 8:51 pm

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Solidus Labs has identified $2 billion worth of wash trades on Ethereum-based decentralized exchanges (DEXs) since 2020. The firm analyzed around 30,000 DEX liquidity pools and found that 67% were tainted by wash traders. These activities accounted for 16% of the total trading volume in these manipulated pools. Solidus Labs' CEO, Asaf Meir, stated that market manipulation remains a significant challenge within the crypto industry.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 6:02 pm

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SEC Chair Gensler has identified deepfakes and AI as a 'real risk' to markets, potentially impacting the stability and integrity of financial systems.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 3:28 pm

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WISeSat.Space is taking a quantum leap with secure IoT satellites amid growing space cybersecurity threats. The company is focusing on enhancing the security of its IoT satellites to counter the increasing threats in space cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 2:43 pm

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SEC Chair Gensler has stated that the cryptocurrency industry is filled with fraud and abuse, according to Bloomberg. This statement could potentially impact the value of cryptocurrencies and related assets.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 2:38 pm

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DraftKings apologizes for a controversial promotion on its app. MGM Resorts is dealing with a cybersecurity issue. WestRock is merging with Smurfit Kappa to create a sustainable packaging company. Moderna and Pfizer receive FDA approval for updated COVID-19 vaccines, while Novavax's vaccine is still awaiting approval. GlobalFoundries expands its presence in Singapore. Amazon invests in direct air capture climate technology. Acelyrin's izokibep fails to meet statistical significance in a study. UAW is in labor talks with General Motors, Ford, and Stellantis. Apple plans to sell 'Made in India' iPhone 15 on launch day. Arm Ltd is preparing for an IPO. Cadence Design Systems' CEO says semiconductor packaging is key to U.S. leadership in AI. UPS CEO pitches new labor contract.

Portfolio Pulse from Vandana Singh

September 12, 2023 | 2:32 pm

MGM

MGM Resorts International has experienced a cybersecurity issue that led to the shutdown of several computer systems, including its website. This has affected nearly every aspect of the casino operator's business, including reservation platforms, booking systems, electronic hotel key card systems, and casino floors. The company's email systems were also disabled and have not been restored yet. The FBI is aware of the ongoing issue. In addition, MGM recently faced another setback with the delay of a planned casino resort in Osaka until late 2030.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 1:30 pm

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Ethereum co-founder Vitalik Buterin's T-Mobile account was compromised due to a SIM swap attack, leading to a phishing scam on his Twitter account. The scam resulted in a loss of around $700,000 in cryptocurrencies and NFTs. Buterin has since reclaimed his account and shared insights on the vulnerabilities of phone-based authentication. The incident highlights the need for robust digital security measures in the realm of cryptocurrencies and digital assets.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 1:27 pm

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Ukraine's aircraft manufacturer Antonov is expanding into drone making in response to Russia's invasion. This strategic move is expected to impact the defense sector and potentially influence the geopolitical landscape.

Portfolio Pulse from Charles Gross

September 12, 2023 | 9:49 am

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TikTok has announced the full launch of TikTok Shop in the US. The company also stated that US user data is stored in the US and managed by USDS.

Portfolio Pulse from Charles Gross

September 12, 2023 | 9:35 am