In the high-security courtroom of the Munich District Court, the Wirecard trial is underway. This trial involves two prominent defendants, Oliver Bellenhaus and Markus Braun, who spend their days in court while being held in pretrial detention at the Munich-Stadelheim prison. The courtroom itself is located five meters underground and is reminiscent of a multipurpose […]
In the high-security courtroom of the Munich District Court, the Wirecard trial is underway. This trial involves two prominent defendants, Oliver Bellenhaus and Markus Braun, who spend their days in the courtroom, separated by just a few meters. Bellenhaus, once a close employee of Braun, is now a key witness for the prosecution. The trial […]
Online trading platform Robinhood has announced its plans to launch its stock-exchange application in the United Kingdom as part of its ongoing efforts to expand internationally. The company’s co-founder and CEO, Vladimir Tenev, revealed in an interview with Bloomberg that Robinhood has already opened a waitlist for early access to the app. Tenev stated that […]
IOTA, a leading distributed ledger technology (DLT) project, has achieved a significant milestone in its strategic expansion by registering the first DLT foundation in the United Arab Emirates (UAE). This move is expected to support IOTA’s growth in the Middle East and North Africa (MENA) region. The announcement of the foundation’s registration coincided with a […]
London-based crypto trading firm Copper is set to launch tokenized securities early next year. Led by former British Chancellor Phillip Hammond, the company aims to cater to the growing demand from institutional investors. The service will initially be introduced in Abu Dhabi through Copper Securities, the company’s new arm in the United Arab Emirates. Copper […]
Crypto firm Paxos has received in-principle approval from Abu Dhabi’s regulator to issue stablecoins and provide digital asset services. The Financial Services Regulatory Authority in the Abu Dhabi Global Market has granted Paxos approval to issue U.S. dollar-backed stablecoins and offer crypto-brokerage and custody services in the Emirate. This approval follows a similar move by […]
David Schwartz, the CTO of Ripple, has called for legislative action to clarify regulations surrounding digital assets in the United States. In a series of tweets, Schwartz emphasized the need for a balanced approach to regulation and expressed skepticism that courts alone could effectively define what constitutes a security in the context of digital tokens. […]
Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result of this funding, Wormhole has decided to spin off into Wormhole Labs, further emphasizing its commitment to expanding its cross-chain capabilities. This move is […]
Charlie Munger, the long-time right-hand man of Warren Buffett and vice chairman of Berkshire Hathaway, has passed away at the age of 99. Munger, who played a crucial role in turning Berkshire Hathaway into a successful investment firm, had a net worth of $2.6 billion. He was known for his sensible stock-picking and investing approach. […]
Embattled Thai cryptocurrency exchange, Zipmex, has proposed a restructuring offer to its creditors. The exchange, which owes its customers $97 million, is offering 3.35 cents per dollar of initial claims, with the potential for further payouts in a recovery scenario. However, major creditors are reportedly opposed to the proposed scheme and are demanding an independent […]
