The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a discount, allowing them to make more than $1.5 million in profits.
World-renowned AI scientist Mustafa Suleyman appears to disagree with Elon Musk’s assessment of the threats and benefits AI technologies could pose in the future.
The recent surge in FTX claims is attributed to its early investment in AI companies, which have jumped in valuation.
Abu Dhabi aims to become a crypto hub alongside Dubai in a move that’s part of a larger goal to foster initiatives in the blockchain and digital asset realm.
The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network.
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
According to The Block: Switzerland’s fifth-largest cantonal bank, St. Galler Kantonalbank (SGKB), has introduced bitcoin and ether custody and trading services in collaboration with SEBA Bank. The services launch marks SGKB's first venture into the digital asset space. This week, SGKB announced the offering to a select group of clientele, with plans to expand its digital assets services by adding more cryptocurrencies, based on client demand. Christian Bieri, SEBA Bank Head of B2B and Custody Solutions, expressed his pleasure over supporting SGKB with their expertise in digital assets services expansion. He added that following a short implementation project and a contract signing earlier this year, SGKB is now ready to offer cryptocurrency access, initially to bitcoin and ether, with other currencies to follow shortly. The partnership with SEBA Bank will facilitate SGKB's clients in integrating cryptocurrencies into their existing investment portfolios. According to Falk Kohlmann, Head of Market Services at St. Galler Kantonalbank, the cooperation has led to a straightforward initial setup that will enable them to learn and grow in line with their clients' requirements. SGKB is part of the 24 Swiss cantonal banks, partially owned by Switzerland's federal governments. Meanwhile, SEBA Bank, a licensed entity under Switzerland's FINMA financial markets regulator, offers digital asset services to other banking institutions, including both private and retail banks such as LGT Bank Liechtenstein and Julius Baer Bank.
According to Odaily: At the recent "KUN & Hashkey Exchange" strategic cooperation signing ceremony, Hashkey Group's founder Dr. Xiao Feng announced an alliance with Yuanbi Technology and Zhongan Bank to jointly release stablecoins in Hong Kong. Yuanbi Technology, lead by former president of the Hong Kong Monetary Authority, Chen Delin, has the Hong Kong Monetary Authority's stored value facility (SVF) license. Its notable shareholders include members of ZhongAn Online’s ZhongAn Digital Asset Group and HashKey Holdings Limited. This alliance will strengthen the burgeoning FinTech ecosystem within Hong Kong and could potentially pave the way for broader crypto adoption in the region. Further details about the joint issuance of stablecoins, their underlying protocols, and potential use-cases are to be outlined by the companies involved.
According to Odaily: Hong Kong Customs Commissioner, Ho Peishan, underlined the critical role of international law enforcement collaboration during a recent meeting to address emerging financial crimes leveraging virtual assets. Attending the 34th Hong Kong Customs and South Korean Customs Cooperation Conference held in Seoul, alongside South Korean Customs Department Director Gao Guangxiao, Commissioner Ho emphasized the need to meet head-on the new challenges in anti-narcotics, combating money laundering, and protecting intellectual property rights. Ho pointed out that financial crimes involving virtual assets are a burgeoning area of concern, requiring close cooperation and coordination between international law enforcement agencies to efficiently tackle and mitigate potential threats. Commissioner Ho's remarks underscore the increasingly complex landscape of financial crimes as digital currencies rise to prominence and the pivotal role that international collaborations play in addressing such crimes.
You might recall the news from last week, where the economic prowess of Uncle Sam sprinted ahead with a formidable 4.9% annual GDP growth rate. To put it in the ...