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abrahamwilson

@abrahamwilson

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davisamelia03741
@davisamelia03741
“As such, the fact that a CCP [Chinese Communist Party]-sponsored APT [advanced persistent threat] actor was able to access Treasury’s information systems is unacceptable and raises serious questions about the protocols for safeguarding sensitive federal government information from future cybersecurity incidents,” the lawmakers added.
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alexanderjones
@alexanderjones
An unidentified threat actor breached employee workstations at the Treasury on Dec. 2, 2024, gaining access to certain “unclassified” documents.
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wilson1239ava
@wilson1239ava
Treasury officials told lawmakers in a Dec. 30 letter that the incident has been attributed to a Chinese state-sponsored APT actor.
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mayj27150
@mayj27150
The department said it would provide more details in a supplemental report in 30 days, as required under the Federal Information Security Modernization Act.
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angussmith4367
@angussmith4367
China has denied responsibility for the attack, telling Reuters it “firmly opposes the US’s smear attacks against China without any factual basis.”
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austinemma9109
@austinemma9109
Stuart Hoegner, general counsel of Tether and Bitfinex, has retired from his role as legal chief at the two firms and will be replaced by Michael Hilliard, who has been working alongside Hoegner for several years.
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sophi98brown
@sophi98brown
In a Jan. 2 statement shared with Cointelegraph, Tether wrote that Hoegner had retired and would be replaced as general counsel by Tether’s current legal counsel.
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sophiasmith77609
@sophiasmith77609
“Michael’s deep understanding of both companies’ operations, coupled with his strategic approach to legal and regulatory challenges, has been critical to advancing both Tether and Bitfinex’s mission,” wrote the firm in the statement.
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charlottedavis
@charlottedavis
The change in legal leadership for Tether comes amid the implementation of MiCA in Europe, which officially took effect on Dec. 30.
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abrahamwilson
@abrahamwilson
“No regulators have explicitly stated that USDT isn’t compliant, but this does not mean that it is,” Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, told Cointelegraph in a Dec. 29 report.
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abrahamwilson
@abrahamwilson
“No regulators have explicitly stated that USDT isn’t compliant, but this does not mean that it is,” Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, told Cointelegraph in a Dec. 29 report.
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wilsongillian959
@wilsongillian959
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jolinejones90
@jolinejones90
Ripple obtained in-principle approval from the Dubai Financial Services Authority within the DIFC. Meanwhile, in the ADGM, prominent companies such as Blockdaemon, Circle, Paxos and eToro made significant expansions or relocations, attracted by the region’s clarity and business-friendly climate. Tether’s USDt was listed as an accepted token in ADGM.
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b85599842
@b85599842
As 2024 draws to a close, the shape of the future is becoming more apparent. In the US, all eyes are on the incoming Bitcoin strategic reserve. Europe’s MiCA framework may tighten further, pushing more companies out of the EU.
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jodie9801230
@jodie9801230
Within the UAE, the trend is toward more granular rules for token issuance, stablecoins and decentralized finance platforms. However, despite tighter regulations, the UAE is expected to attract even more global players.
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r28890666
@r28890666
Cathie Wood, founder of ARK Investment Management LLC, predicts a surge in mergers and acquisitions (M&A) will follow Donald Trump’s election and expects it to “support innovative strategies.”
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sophi98brown
@sophi98brown
In a Bloomberg interview, Wood said that the Federal Trade Commission (FTC) changes could ease regulatory barriers previously imposed that stifled M&As.
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sophiasmith77609
@sophiasmith77609
“M&A has been prevented by the FTC. That is going to change,” she said when speaking on Bloomberg Television. Adding that, “deregulation [is] critically important.”
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charlottedavis
@charlottedavis
According to the ARK Investment CEO, Trump’s administration will likely create a more business-friendly environment, benefiting venture-backed startups seeking acquisition opportunities.
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abrahamwilson
@abrahamwilson
She anticipates a resurgence in “liquidity events” as buyers reenter the market without previous regulatory constraints, allowing the market to engage more transparently and freely in price discovery for new companies.
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