CRYPTOCURRENCY
UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant
UBS AG, in collaboration with OSL Digital Securities, introduces Hong Kong's first tokenized warrant on the Ethereum blockchain, marking a landmark moment in financial innovation and blockchain adoption.
NFTs Get Security Boost with New Warranty Service
Wert and Avata have launched a new nonfungible token (NFT) warranty service, providing coverage for up to 90% of the value of compromised digital assets in a smart contract hack. The service will be available on 80 digital asset marketplaces and will be charged at 6% of the asset cost at checkout. The offering aims to encourage mass adoption of NFTs by reducing risk for both active and prospective collectors.
South Korean Court Denies Arrest Warrant for Terraform Labs Co-Founder
A South Korean court denied a request for an arrest warrant for Terraform Labs co-founder, Shin Hyun-Seong, citing unconfirmed allegations and the unlikelihood of Shin being a flight risk. Shin currently faces multiple fraud charges and is accused of hiding risks associated with investing in Terraform Labs' in-house tokens. The recent arrest of Terraform Labs' other co-founder, Do Kwon, has led to extradition requests from both the United States and South Korea.
Florida Warns Residents About the Rise of Auto Warranty Scammers Asking Crypto Payments
Consumers lose billions worth of US dollars to fraudulent calls every year, and auto-warranty calls are the biggest source of grief. Florida government warns consumers about scam "auto warranty" robocalls.
US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency
US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.