Puerto Rico's House Speaker Rafael "Tatito" Hernandez said the growing blockchain industry could bring more accountability and transparency to the public sector in an effort to fight state corruption, the company said Dec. 8. He hopes his country can become one of the cryptocurrency hubs of the planet. Earlier this year, Cuba, another Caribbean island nation, announced plans to adopt cryptocurrencies as a tool to overcome the country's financial turmoil.

Musk said on Twitter today that he has given himself a new look. Earlier, Musk said at the Wall Street Journal's CEO Council Forum that CEO is a fake title and that he has changed his title at Tesla to "Technoking", which has been officially approved.

 

Dec. 8 ，The House of Representatives plans to vote Wednesday on a measure that would protect $16 trillion in financial contracts from legal chaos when the London Interbank Offered Rate (Libor) expires, House Majority Leader Hoyer's office said. Lawmakers will vote on Democratic Rep. Brad Sherman's amendment, which would require a two-thirds majority to pass and then would go to the Senate. The proposal was previously shelved due to controversy over whether the IRS could recalculate a business's tax liability in the contract transition. Theoretically, the IRS move could erode banks' profits.

Dec. 8， Dan Morehead, founder and CEO of cryptocurrency fund Pantera Capital, said that the Federal Reserve's policies have created a bubble in the bond market and that investors should turn to buying digital assets. dan Morehead also said that bond investors will suffer a complete blow when the Federal Reserve stops manipulating the bond market and that the U.S. should stop Bitcoin's entanglement and focus on itself. The largest Ponzi scheme in history is the U.S. Treasury and mortgage bond market, at $33 trillion, which is all driven by a non-economic player that dominates and trades based on material, non-public information. As the bond market bubble begins to burst, Bitcoin and crypto-assets could become a hedging tool.

Payments giant Visa has issued a statement saying the company has officially launched a global crypto advisory service for financial institutions designed to help them grow their crypto businesses, advise banks on their crypto strategy and execution, and help them build dedicated crypto teams," said Cuy Sheffield, head of crypto at Visa. play a key role in building a bridge between the crypto ecosystem and that every bank should have a crypto strategy." Cuy Sheffield sees a turning point in the financial markets over the past nine months as banks begin to realize that their consumers want to use cryptocurrencies, while at the same time banks are trying to figure out how to better service crypto businesses like exchanges and wallets.

Dec. 8 (Bloomberg) -- Financial Reform and Demand Progress and the Open Markets Institute are calling on the U.S. Department of Justice and other regulators to investigate the Novi digital wallet launched by Meta (Facebook) to see if Meta is accepting deposits without a banking license approved by the Office of the Comptroller of the Currency. 

Upbit, a Korean virtual currency trading platform, said it will open a 24-hour call center dedicated to telephone financial fraud, disclosing major crime examples and victimization prevention codes. Upbit has also disclosed the means of changing outgoing numbers, intercepting calls, and remote control hacking of smartphones used in recent cases of virtual asset-related crimes, as well as the corresponding prevention guidelines.

Dec. 8， RBI deputy governor Sankar said work on two types of central bank digital currency is underway, the central bank digital currency will be an electronic version of paper money, and the main challenge facing the central bank digital currency is digital fraud . 

Nov. 12,U.S. cybersecurity firm Kaspersky's investigation into the leak of the private keys of margin trading lending platform bZx found that the phishing attack against bZx was likely carried out by the Lazarus (Bluenoroff Advanced Persistent Group) group, which has a long history of attacking financial institutions and cryptocurrency currency exchanges, has close ties to North Korea, and is known as a state-sponsored hacking group. The Kaspersky investigation analyzed a number of attacks conducted by Lazarus in 2017, 2019 and 2020 and found similarities between the phishing emails for that private key incident and the tools used in previous attacks. In previous news, on November 5, the private keys deployed by the margin trading lending platform bZx at Polygon and BSC were compromised, resulting in the theft of more than $55 million in funds, in a phishing attack that targeted bZx developers.

 

Nov. 12,An anonymous investor has proposed to acquire 51 percent of the shares of bankrupt South African crypto investment firm Africrypt for $5 million. However, in exchange for the offer, the investor wants the plaintiff to drop all criminal proceedings against Africrypt's directors. According to Moneyweb, creditors of South African crypto investment platform Africrypt will vote on the compromise on Nov. 12, 2021. However, it will only become a court order if it is supported by 75% of the creditor group. This comes after the company collapsed when two of its young directors, Raees and Amir Cajee, reported a breach of the company's systems. Shortly after claiming that Africrypt had been hacked, Cajees disappeared with his investors' money, and Africrypt's investors therefore filed a legal action against the two directors. As part of the compromise offered to the creditors, the investor will pay $4 million to cover the creditors' claims against Africrypt. The remaining $1 million will be used to boost the company's working capital. In addition to trying to save Africrypt and protect two directors from possible criminal prosecution, the investor has proposed hiring the Cajee brothers and appointing liquidator Eugene Januarie to Africrypt's board of directors.