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Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version
29.8.2023
OpenAI also claims it is two times faster than GPT-4 with enhanced privacy and security standards
Jellyfish Mobile to Curb the SIM-Swap Menace That Led to Losses Worth $140 Million in Two Years
26.8.2023
PRESS RELEASE. The cryptocurrency market lacks regulation, leading to potential risks for investors, including SIM-swap scams. By this technique, hackers manipulate mobile carrier customer service to gain access to a user’s phone number, allowing them to bypass security measures and access...
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...
FTX, BlockFi's Customer Data Compromised in Kroll Hack
25.8.2023
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies
Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears
23.8.2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert...
AI unlikely to destroy jobs, but cost to certain workers may be 'brutal' — UN study
22.8.2023
A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others
Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges
21.8.2023
Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21...
Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum
17.8.2023
U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing...
Bankman-Fried Donated $100 Million of FTX Money to Politicians, Prosecutors Claim
16.8.2023
Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw donors” to evade contribution limits....
New Zealand Crypto Exchange Dasset Begins Voluntary Liquidation, Customer’s Assets Frozen
15.8.2023
An Auckland-based crypto exchange Dasset has apparently gone into liquidation, denying hundreds of customers from accessing their assets.
According to a report by local media The Herald, customers are desperate to assess their trapped funds and the firm has been unresponsive to their...
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
15.8.2023
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months
Bitmain to Reveal Groundbreaking Antminer S21 at 2023 World Digital Mining Summit
15.8.2023
Reports have surfaced that Bitmain, the well known mining rig manufacturer, intends to unveil a cutting-edge bitcoin (BTC) miner at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this coming September. The device, christened the Antminer S21, is being hailed by Bitmain as...
Binance Japan to Use KYC Services From Liquid
13.8.2023
The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict...
XRP briefly hits $50 on Gemini as users suspect relisting 'price glitch'
11.8.2023
Gemini is investigating the root cause behind the suspected price glitch
Elevating customer experience to new heights at the World CX Summit
9.8.2023
The much anticipated 9th edition of the World CX Summit draws close at the Marina Bay Sands Expo and Convention Centre, Singapore. Held on 2nd-3rd August, the event successfully brought together tech trendsetters, innovators, and CX professionals as they discussed the trends and innovations that...
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
1.8.2023
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed...
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
31.7.2023
A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public....
Double Standards in Finance: SBF’s Legal Troubles Spark Concerns
29.7.2023
Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces some serious accusations like misusing customer...
The World CX Summit: Taking a step towards amplifying customer experience
25.7.2023
Trescon is set to bring the 11th global edition of the World CX Summit on August 17, 2023, at the Edsa Shangri-La in Manila, Philippines. The World CX Summit – Manila brings together the most influential CX Leaders and technology vendors from the Philippines all under one roof. The Philippines,...