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11 months agoFnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Payments with Blockchain Technology
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British…
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11 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This…
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bob wrote a new post
11 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This…
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bob wrote a new post
11 months agoSEC Denies Coinbase's Crypto Rulemaking Petition, Chair Gensler Supports Decision
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws a…
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11 months agoBinance Survey Reveals Majority of Users Believe Crypto Can Reduce Income Inequality
Binance, one of the leading cryptocurrency exchanges, recently conducted a survey to understand how its users are utilizing crypto in their daily lives. The survey revealed that a majority of users believe that…
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11 months agoSEC Chair Signals Reevaluation of Spot Bitcoin ETFs
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the regulatory body is reevaluating its stance on spot Bitcoin exchange-traded funds (ETFs). Gensler mentioned that…
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11 months agoNew SEC Cybersecurity Disclosure Rules Impact Public Crypto Companies
The Securities and Exchange Commission (SEC) is implementing new disclosure requirements for public companies regarding material cybersecurity incidents. These requirements aim to provide investors with timely and…
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11 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial t…
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bob wrote a new post
11 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial t…
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11 months agoBinance Ceases Support for BUSD Stablecoin, Urges Users to Switch to FDUSD
Cryptocurrency exchange Binance has announced that it will be ending support for its BUSD stablecoin on December 15, 2023. This decision comes as a result of regulatory crackdowns faced by BUSD, which is issued by…
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11 months agoFirst Trust Bitcoin Buffer ETF Opens Doors for Trillion-Dollar Banks to Invest in Bitcoin, Potentially Pushing Price to $80,000
The launch of the First Trust Bitcoin Buffer 30 ETF could have a significant impact on the cryptocurrency investment landscape. This unique ETF offers protection for investors by shielding them from the initial 30%…
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11 months agoJ.P. Morgan Investment Banker Takes on Additional Role in European Infrastructure Financing
Alexander Voigt, an investment banker at J.P. Morgan, has taken on an additional role in the infrastructure sector in Europe, according to sources. Voigt will now be responsible for infrastructure financing in the…
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11 months agoSafeMoon Files for Bankruptcy Amid SEC Fraud Charges and Executive Arrests
The Solana Mobile team has announced that its crypto phone Saga is officially sold out in the US, with only a few of these suddenly indemand devices left for the European market. The Android phone was launched in…
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11 months agoSafeMoon Faces Bankruptcy and Fraud Allegations
SafeMoon, a once-thriving cryptocurrency protocol, has filed for Chapter 7 bankruptcy amidst allegations of fraud and mismanagement. The founders of SafeMoon, Kyle Nagy, Thomas Smith, and Braden Karony, are facing…
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11 months agoGoldman Sachs Bullish on Ripple's XRP, Calls it a Once-in-a-Lifetime Opportunity
Goldman Sachs has expressed optimism about Ripple’s XRP, calling it the “opportunity of a lifetime.” Former Goldman Sachs executive Raoul Pal and attorney John Deaton believe that XRP has real-world utility and m…
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11 months agoRipple Releases White Paper on Central Bank Digital Currencies
Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the…
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11 months agoSEC Chief Considers Approval of Bitcoin Spot ETF Amid Negotiations with BlackRock
The Securities and Exchange Commission (SEC) chief, Gary Gensler, may change his stance on approving Spot Bitcoin ETFs. In a recent interview with CNBC, Gensler mentioned that the courts of Washington DC have…
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11 months agoRegulators Warn of Risks in Unsupervised AI Adoption for US Financial System
A panel of regulators has raised concerns about the rapid adoption of artificial intelligence (AI) and its potential risks for the United States’ financial system. The Financial Stability Oversight Council, c…
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11 months agoJulius Bär Bank Faces Potential Conflicts of Interest and Risky Investments
Christian Dubler, Managing Director of Julius Bär in Frankfurt, has been in the spotlight recently due to his personal investment in Signa Sports United (SSU). According to a 2021 SEC listing, Dubler holds 100,000…
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11 months agoElon Musk's Assurances Fail to Prevent Potential Losses for Banks in X Takeover
Elon Musk has privately assured bankers who lent him $13 billion to finance the acquisition of the social media platform X that they will not lose any money in the deal. These verbal assurances were made to…
