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LONDON: The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview. Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start from scratch. Cryptoassets like bitcoin have been around for years but regulators have resisted jumping in to write new rules. But the implosion at FTX, which left an estimated one million creditors facing losses totalling billions of dollars, will help change that, Servais told Reuters. "The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it's still not a...

An obsolete NASA spacecraft will crash back to Earth on Wednesday after the space craft was decommissioned in 2018. The Reuven Ramaty High Energy Solar Spectroscopic Imager (RHESSI) satellite studied the sun since 2002 and was decommissioned after reaching its expected life span. The RHESSI weighs 600 pounds and will be converted to ash and vapor as it dives toward Earth, experts stated. Agency officials also wrote that "the risk of harm coming to anyone on Earth is low — approximately 1 in 2,467". The Earth's orbit has become an extremely crowded and dangerous place, with more than 30,000 pieces of orbital debris currently being tracked by global space surveillance networks. The European Space Agency estimates that about 1 million objects between 0.4 inches and 4 inches (1 to 10 centimeters) wide are in orbit around our planet. Tiny shards of this debris, if in contact with a satellite or spacecraft, can cause serious irreparable damage. The RHESSI sa...