Crypto Daily Roundup: SEC Adopts Cyberattack Disclosure Rules

Crypto Daily Roundup: SEC Adopts Cyberattack Disclosure Rules

In this article, let's discuss some developments in the crypto world over the past 24 hours

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator. Securitize, a US-based financial technology company and tokenisation firm, entered the Spanish General Secretariat of the Treasury and International Finance's test environment, a platform for digital asset securities. With this crypto daily roundup, you can jumpstart your day with the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.

Crypto Price Movement 

Bitcoin failed to clear the $30,000 hurdle as of Wednesday morning, while Ethereum was trading lower, falling about a per cent but managed to hold $1,850-level. Other popular altcoins like Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw a mix of minor dips and gains across the board. The global cryptocurrency market cap was trading significantly lower, falling down to $1.18 trillion-mark, registering a 24-hour dip of 0.55 percent.

SEC adopts cyberattack disclosure rules

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.

The rules from the United States Securities and Exchange Commission require any public company to disclose a cyberattack within four days of it being deemed "material," except in cases where such disclosure is deemed a possible national security or public safety risk.

Missing crypto millionaire found dismembered in suitcase

Police have launched a murder investigation after the dismembered remains of missing millionaire Fernando Pérez Algaba, 41, were discovered by a group of children in Argentina over the weekend. The grisly case came to light after the kids found a red suitcase filled with body parts while playing by a stream in the town of Ingeniero Budge, Buenos Aires Province, on Sunday, Jam Press reported. The children's parents notified the Buenos Aires police, who inspected the package and reportedly found the victim's legs and forearm inside, discovering another whole arm in the stream.

Securitize entered the Spanish General Secretariat

Securitize, a US-based financial technology company and tokenisation firm, entered the Spanish General Secretariat of the Treasury and International Finance's test environment, a platform for digital asset securities.

With this move, the firm has ventured beyond the US market by introducing tokenised securities in other regions, as per Decrypt's report. Tokenisation, converting traditional financial assets like stocks and bonds into blockchain-based assets, is expected to lower costs and enhance efficiency.

Reddit has quickly become one of the biggest brands tied to NFTs 

Online discussion platform Reddit presents a new "Retro Reimagined" offering as part of its Collectible Avatars Gen 4 drop. The prominent player in NFT space is making a move after having minted over 18 million Polygon-based Collectible Avatars in the past year, says a Decrypt report. Reddit has quickly become one of the biggest brands tied to NFTs and is pulling together an array of artistic riffs on the site's iconic "Snoo" alien mascot from dozens of creators, the report adds.

Crypto Bill Advances Out of House Agriculture Committee

The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did. A few hours after beginning debate and voting on amendments to the bill, which would create a federal regulatory framework for crypto in the U.S., the House Agriculture Committee referred the bill to the full House of Representatives by a voice vote.

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