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Head of Dubai’s Digital Asset Regulator Steps Down – What’s Going On?
16.11.2023
Image Source: Pixabay The head of Dubai’s cryptocurrency regulator, Henson Orser has left the role to pursue new interests amid looming domestic fines on digital asset companies for a breach of rules. According to a Bloomberg report Orser, who was the head of the Virtual Assets Regulatory Authority...
Crypto Veteran Expects Bitcoin to Maintain Bullish Momentum, Targets $40,000 by Year-End
16.11.2023
Bitcoin Logo / Source: Adobe Markus Thielen, research head at Matrixport and founder of DeFi Research, expects Bitcoin’s bullish momentum to persist and drive prices toward $40,000 by the end of the year. Thielen’s optimistic outlook is based on several factors, including options...
Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests'
16.11.2023
Henson Orser, the CEO of VARA, Dubai's crypto regulator, is set to leave the job and will be replaced by a partner at PwC
IMF head: CBDCs can replace cash, help financial inclusion
15.11.2023
International Monetary Fund Managing Director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies
JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions in Coming Year
15.11.2023
Source: AdobeStock / Alexey Novikov JPMorgan Chase & Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year. This projection comes from the insights shared by Umar Farooq, the bank’s Global Head of Financial Institution Payments...
Under New Leadership, Terraform Labs Acquires Cross-Chain Analytics Firm Pulsar Finance
13.11.2023
In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform’s former CEO Do Kwon remains incarcerated in Montenegro and a U.S. Securities and Exchange...
‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi
13.11.2023
Source: Maksym Kapliuk/Adobe A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month. Per iNews24, media outlets in the country have discovered that the head of an unnamed crypto firm made up part of an “economic delegation” that...
Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges
12.11.2023
Irina Dilkinska, the head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges.” The charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity. The $110...
Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation
10.11.2023
Source: vladim_ka/Adobe The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated...
OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges
9.11.2023
Source: Pixabay OneCoin’s legal chief pleaded guilty to money laundering and wire fraud charges, according to a statement released today from the U.S. Attorney’s Office for the Southern District of New York. Bulgarian national Irina Dilkinska, 42, faces up to 10 years in prison for her role...
Cryptocurrency Adoption Skyrockets in South and Central Asia, Driven by Real-World Use Cases: Chainalysis
9.11.2023
Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency...
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
8.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa...
Ether (ETH) Set for 55% Surge After Key Technical Breakout, as Supply Turns Deflationary, Says This Well-Known Analyst
7.11.2023
Famous crypto data analytics firm Matrixport’s head of research Markus Thielen argued in a recent report that Ether (ETH) could be set for a more than 55% surge to $3,000. Ether is the second most valuable cryptocurrency in the world by market capitalization after Bitcoin (BTC) and powers...
Gemini CTO and APAC CEO Pravjit Tiwana Reportedly Leaving Company After Nearly 2 Years
7.11.2023
Pravjit Tiwana, the global Chief Technology Officer (CTO) and Asia head of Gemini Trust Co., is reportedly leaving the company. Gemini Trust Co., co-founded by twin entrepreneurs Tyler and Cameron Winklevoss, has been grappling with the ongoing hurdles of securing and retaining talent amid...
Silent Hill 2 Remake Fans Losing It Over Possible Gameplay Change
6.11.2023
Fans will go searching underneath their couch cushions to find more information about Silent Hill 2, the highly anticipated but, as of now, secretive remake of the beloved survival horror game by Layers of Fear developer Bloober Team. The game does not yet have a release date (though fans have...
Hong Kong is Considering Allowing Spot Crypto ETFs, SFC Head Reveals
6.11.2023
Hong Kong is considering allowing spot exchange-traded funds (ETFs) that directly invest in cryptocurrencies. Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), revealed that the option of granting retail investors access to spot crypto ETFs is under consideration...
Former SEC Official Warns SBF Conviction Is ‘Just the Tip of the Iceberg’ for All of Crypto
5.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement says the conviction of ex-FTX CEO Sam Bankman-Fried (SBF) is “just the tip of the iceberg” for the entire crypto industry. “People should not think that it’s safe to go back in the water...
HSBC Launches Tokenization Platform for Gold Markets
4.11.2023
HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions, stated that these gold tokens will be tradable using...
UK Crypto Regulation Plan Draws Criticism from Former FCA Head
3.11.2023
Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments. His comment comes as the UK government is moving forward with its plans to regulate...