Internet Security

Taliban claim fall of Kandahar

KABUL, AFGHANISTAN: The United States will send troops to evacuate personnel from Afghanistan as the Taliban on Friday claimed the capture of second city Kandahar, capping an eight-day blitz that has left only the capital and pockets of other territory in government hands.The US announcement came hours before a Taliban spokesman tweeted the fall of…

KABUL, AFGHANISTAN: The United States will send troops to evacuate personnel from Afghanistan as the Taliban on Friday claimed the capture of second city Kandahar, capping an eight-day blitz that has left only the capital and pockets of other territory in government hands.The US announcement came hours before a Taliban spokesman tweeted the fall of Kandahar – the movement’s spiritual birthplace and the scene of days of fierce fighting.”Kandahar is completely conquered. The Mujahideen reached Martyrs’ Square,” a Taliban spokesman tweeted on an officially recognized account, referring to a city landmark.The claim was backed up by a resident who told Agence France-Presse (AFP) that government forces appeared to have withdrawn en masse to a military facility outside the southern city.The government has now effectively lost control of most of the country, following an eight-day onslaught by the Taliban that has caught the United States by surprise even as it pushes forward with a troop withdrawal due to be completed by the end of the month.As the insurgents swept across more territory, Washington and London moved to quickly pull out their embassy staff and other citizens from the capital.”We are further reducing our civilian footprint in Kabul in light of the evolving security situation,” US State Department spokesman Ned Price told reporters while noting the embassy would remain open.”This is not abandonment. This is not an evacuation. This is not the wholesale withdrawal,” he said.The Pentagon said 3,000 US troops would be deployed to Kabul within the next 24 to 48 hours, underscoring they would not be used to launch attacks against the Taliban.UK Defense Secretary Ben Wallace said London would send 600 of its own troops to evacuate its nationals and “support the relocation of former Afghan staff who risked their lives serving alongside us.”Price said the United States would also start sending in daily flights to evacuate Afghan interpreters and others who assisted the Americans and are fearful for their lives due to the Taliban’s sweeping offensive.’Laid down their arms’After being under siege for weeks, government forces on Thursday pulled out of Herat – an ancient Silk Road city near the Iranian border – and retreated to a district army barracks.”We had to leave the city in order to prevent further destruction,” a senior security source from the city told AFP.A Taliban spokesman, however, tweeted that “soldiers laid down their arms and joined the Mujahideen.”Herat resident Masoom Jan told AFP the city’s fall had been abrupt, saying the Taliban “entered the city in a rush. They raised their flags in every corner.”On Thursday, the interior ministry also confirmed the fall of Ghazni, about 150 kilometers (95 miles) from Kabul, and along the major highway to Kandahar and the Taliban heartlands in the south.”The enemy took control,” spokesman Mirwais Stanikzai said in a message to media, adding later the city’s governor had been arrested by Afghan security forces.Pro-Taliban Twitter feeds showed a video of him being escorted out of Ghazni by Taliban fighters and sent on his way in a convoy, prompting speculation in the capital that the government was angered with how easily the provincial administration capitulated.A security source told AFP that Qala-i-Naw, capital of Badghis province in the northwest, also capitulated on Thursday.Piling pressureAs the rout unraveled, three days of meetings between key international players on Afghanistan wrapped in Qatar without significant progress on Thursday.In a joint statement, the international community, including the United States, Pakistan, the European Union and China, said they would not recognize any government in Afghanistan “imposed through the use of military force.”Price called for a negotiated solution and reiterated US President Joe Biden’s frustration at the deteriorating situation, saying Afghan government forces outnumbered the Taliban by more than three to one after billions of dollars of US support over two decades.Facing pressure at home, Biden was blasted by the top Republican in Congress on Thursday for his “reckless policy.””Afghanistan is careening toward a massive, predictable and preventable disaster,” Sen. Mitch McConnell said in a statement.The conflict has escalated dramatically since May when US-led forces began the final stage of a troop withdrawal due to end later this month following a 20-year occupation.Pro-Taliban social media accounts also boasted of the vast spoils of war their fighters had recovered in recent days, posting photos of armored vehicles, heavy weapons and even a drone seized by the insurgents at abandoned military bases.In the past week, the insurgents have taken over a dozen provincial capitals and encircled the biggest city in the north, the traditional anti-Taliban bastion of Mazar-i-Sharif, which is now one of the few holdouts remaining.Fighting was also raging in Lashkar Gah – another pro-Taliban heartland in the south.Late Thursday, a security source told AFP that government forces there were also considering evacuating to nearby Camp Bastion, one of the largest US bases in the country.Hundreds of thousands have been displaced by the fighting that has enveloped the country.In recent days, Kabul has been swamped by the displaced who have begun camping out in parks and other public spaces, sparking a fresh humanitarian crisis in the already overtaxed capital.
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Internet Security

Massive Crypto Breach Unveiled: Latest Insights Emerge

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…

In what appears to be the most significant crypto breach of the year, fresh revelations have emerged shedding light on the extensive infiltration into the digital realm. PeckShield, a reputable blockchain security firm, has disclosed a substantial breach impacting FixedFloat, a prominent platform facilitating cryptocurrency and fiat exchanges…
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Sit-ins and protests in and around the national capital are emerging as a big security challenge for the establishment. According to Delhi Police’s 2022 report, cops handled 6,277 law and order situations relating to protests, demonstrations, meetings and processions, with latest curbs being enforced due to the ongoing farmers’ protest around Delhi-NCR.A former Delhi police

Sit-ins and protests in and around the national capital are emerging as a big security challenge for the establishment. According to Delhi Police’s 2022 report, cops handled 6,277 law and order situations relating to protests, demonstrations, meetings and processions, with latest curbs being enforced due to the ongoing farmers’ protest around Delhi-NCR.A former Delhi police commissioner told ET: “Crowd management has become complex these days mainly due to social media…
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3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling

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Binance’s report identifies three protocols, bitSmiley, Liquidium, and Portal, that could expand Bitcoin’s reach into DeFi, NFTs and tooling sectors, potentially enhancing scalability and security.
The post 3 Protocols Expanding Bitcoin Network Into NFT, DeFi, and Tooling appeared first on BeInCrypto…
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Internet Security

Congress seeks clarification from Yellen on crypto oversight plans, criticizes Howey Test

Share this article URL Copied Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market. The letter, signed by

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Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

Share this article

Share this article

Members of the US Congress have posed a list of questions in a recent letter to Treasury Secretary Janet Yellen in response to her call for enhanced oversight of crypto. Notably, they highlighted the limitations of the Howey Test in protecting consumers in the crypto market.

The letter, signed by House Financial Services Committee Chair Patrick McHenry, House Agriculture Committee Chair Glenn Thompson, Rep. French Hill, and Rep. Dusty Johnson, seeks Yellen’s detailed explanation of how the regulatory framework should be shaped concerning digital assets, following her call earlier today.

Congress has requested clarification on the Securities and Exchange Commission’s (SEC) role. Notably, they have raised concerns about the effectiveness of the Howey Test, which is used to determine the classification of a transaction as an investment contract and, thus, a security. Congress is questioning whether the Howey Test is sufficient for providing adequate consumer protection.

The legislators have argued that the SEC’s retrospective application of the test does little to protect investors, stating:

“Chair Gensler has declared that “the vast majority of crypto tokens likely meet the investment contract test.” However, the final investment contract analysis is backwards looking, made by a court after the transaction in question has been completed. How does this reactive legal authority provide adequate protection for customers, in the absence of comprehensive legislation?”

Congress has also highlighted that the current regulatory framework does not cover a significant portion of the crypto-asset ecosystem, including Bitcoin and Ether. They have asked the Financial Stability Oversight Council (FSOC) whether these cryptocurrencies are considered securities. Led by Yellen, the FSOC brings together key financial regulators to monitor potential risks and safeguard the financial system.

Furthermore, Congressmen have expressed concern about regulatory gaps in spot markets for digital assets that are not considered securities. They are questioning if the Commodity Futures Trading Commission should expand its jurisdiction to include these spot markets, given its existing authority over certain aspects of non-security digital asset transactions. Congress expects to receive answers from Yellen by February 20.

Yellen has been actively advocating for stricter regulations after FTX’s collapse. In a testimony before the House Financial Services Committee on Tuesday, she warned of the risks associated with crypto platforms and stablecoins, urging Congress to enact stricter regulations for the crypto industry.

Share this article

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