The SEC asks US public companies to disclose their exposure and risks related to crypto assets after “recent bankruptcies and financial distress” (Chelsey Cox/CNBC)

Chelsey Cox / CNBC:
The SEC asks US public companies to disclose their exposure and risks related to crypto assets after “recent bankruptcies and financial distress”  —  – The SEC is advising companies to disclose their involvement with digital commodities firms, according to guidance released Thursday.

Chelsey Cox / CNBC:
FinCEN: US financial institutions processed ~$1.2B in likely ransomware payments in 2021, up ~3x YoY; ~75% of ransomware incidents in H2 2021 were Russia-linked  —  – U.S. banks and financial institutions processed more than $1 billion in potential ransomware-related payments in 2021.

Andrew Ackerman / Wall Street Journal:
SEC Chair Gary Gensler signals support for Congress giving the CFTC oversight on bitcoin and ether, as long as the SEC retains its power  —  Former CFTC chief says he could back giving agency oversight of nonsecurity tokens  —  WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler signaled …

Josh Horwitz / Reuters:
Analysis of Apple’s supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021  —  Apple Inc’s (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began …

Reuters:
Meta tells employees it plans to exit its Portal smart display business and wind down smartwatch projects, and that 46% of the 11K jobs cut were in technology  —  Meta Platforms (META.O) told employees on Friday that 54% of the 11,000 jobs it cut earlier this week were business roles and the rest were in technology.

Manish Singh / TechCrunch:
India’s market regulator tightens IPO disclosure norms after recent lackluster performance of tech startups; firms must disclose KPIs and past pricing details  —  India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance …