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OneCoin Co-Founder Sentenced to Two Decades in Prison Over Multibillion-Dollar Fraud
Karl Sebastian Greenwood, co-founder of the OneCoin cryptocurrency scheme, has been sentenced to 20 years in prison for deceiving millions of investors worldwide, leading to losses exceeding $4 billion. The scheme, based in Sofia, Bulgaria, was marketed as a revolutionary cryptocurrency, but was later revealed to be a sham. Greenwood and co-founder Ruja Ignatova used the scheme to finance extravagant lifestyles.
Michael Saylor Believes Bitcoin is the Solution to the Lebanon's Financial Crisis
Bitcoin bull, Michael Saylor is optimistic BTC can solve Lebanon's economic and monetary woes
eBay Officially Launches NFT Sales on Its Platform
eBay has moved to get a piece of the pie in the NFT market share.
eBay Considers to Accept Crypto Payments for Entice Millennials
E-commerce marketplace eBay is likely on its way to accepting digital currency payments on its platform, attracting young generations.
Ebang's Ebonex To Launch Crypto-Linked Card Through Partnership With Mastercard
Ebang has continued to build its brand within the crypto sector. The China-based maker of crypto mining machines recently launched its crypto exchange, Ebonex, which continues to grow.
OpenBazaar Set for a Comeback
OpenBazaar, a decentralized marketplace that was shut down in 2020, appears set for a comeback. Recent updates on social media and GitHub indicate progress on building a new version of the marketplace using the programming language Rust. Former project lead Brian Hoffman has hinted at the marketplace's return, citing "freedom of exploration" as a key factor in its revival.
Swiss-Based SEBA Bank Launches Tokenized Gold Services for Clients
Switzerland-based digital banking service provider, SEBA Bank AG has launched tokenized gold services for its customers.
Sorare Inks Partnership With MLB to Float Fantasy Baseball Game with NFT
Sorare has partnered with Major League Baseball to create a fantasy baseball game featuring Non-Fungible Tokens (NFT).
EBA Issues Updated Guidelines for Crypto Asset Service Providers
The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.
Chinese Tech Company Tencent Launches Blockchain Accelerator
Tencent, the Chinese multinational conglomerate, on April 29, 2020, announced the launch of its new blockchain accelerator which is now open to both mature and early-stage blockchain-based startups. The 'Tencent Blockchain Accelerator' will allow the selected projects to reap special benefits like four mentoring meetings every year, a rich network of industry experts, and the opportunity to learn more about the international blockchain community.
Mastercard Reveals to Develop CBDC as The Private Payment Provider
Digital payment Mastercard CEO Michael Miebach expresses his strong support for CBDC on the Q3 earnings conference call.
Deutsche Börse Taps SEBA Bank as the New Issuer of Crypto ETNs
SEBA’s ETNs are designed to deliver investment returns that correspond to the underlying cryptocurrencies' price and performance.
HK-based Spending App Offers Crypto Rebate for Customers
A local spending startup, Bloom pairs with cryptocurrency exchange Okcoin to offer token rebates and bring a gamified retail experience to their clients.
SEBA Hong Kong Gains Preliminary Approval for Crypto-Related Services
SEBA Hong Kong, a subsidiary of Swiss-based SEBA Bank AG, has been granted an "Approval-in-Principle" by Hong Kong's Securities and Futures Commission, enabling it to offer crypto-related investment services.
NFT Co-Founder Faces Lawsuit Over Crypto Wallet Dispute
Rebase co-founder Edmond Truong is being sued by Krzysztof Gagacki, who claims to be a co-founder of the nonfungible token (NFT) project. Gagacki alleges that Truong misappropriated $2 million into a separate wallet owned and controlled by him without his consent, ousting Gagacki from the firm and causing damage to his reputation.
FTX CEO Quits Crypto Policy Debate, Allows Crypto Twitter to Carryon
FTX's Sam Bankman-Fried has willingly left crypto policy debates to "Crypto Twitter"
Lebanon Considers a Central Bank Digital Currency for 2021
The Governor of The Central Bank of Lebanon Riad Salameh has revealed the possibility of the bank launching a digital currency by 2021.
Radiant Capital Suffers $4.5M Flash Loan Attack
Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.
China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore's OpenNodes
China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.
EU Authorities Probe Bank-NBFI Ties, Including Crypto
The EBA and ESRB are investigating the ties between banks and NBFIs, including crypto platforms, to assess potential systemic risks. This initiative reflects concerns about contagion effects in the financial system and is part of global regulatory efforts.
WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019
China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.
Fireblocks Integrates Astar Network, Boosting Secure DeFi Access for Institutions
Fireblocks has now incorporated Astar Network. With the new integration, over 650 banks and financial institutions can now tap into Astar's thriving DeFi ecosystem, as well as trade, swap, and lend digital assets on Astar via Fireblocks.
SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong
Swiss cryptocurrency bank SEBA Bank has been granted a Hong Kong Securities and Futures Commission license to offer trading, distribution, advisory, and asset management services in the Asia Pacific region.
Aussie Baseball Team Perth Heat to Start Paying Players and Staff in Bitcoin
Australian baseball team Perth Heat is incorporating Bitcoin into its business practices and is making preparations to offer salaries in the cryptocurrency.
Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains
Fetch.ai has a vision: to bring machine learning services to every ledger and blockchain.
eBay Announces Acquisition NFT Marketplace KnownOrigin
eBay said the acquisition of KnownOrigin would enable it to capitalize on the growing NFTs economy. The global sales value of art and collectables NFTs saw a significant surge in 2021, reaching $11.16 billion over the past years.
Trust Wallet Discloses Security Flaw Resulting in $170k Loss
Crypto wallet Trust Wallet has reported a security vulnerability, resulting in almost $170k in losses for some users. The vulnerability has been fixed after Trust Wallet found out about it through its bug bounty program.
Bitcoin Bulls Should Gear Up, SEBA CEO Predicts $75K ATH in 2022
Guido Buehler, the Chief Executive Officer of crypto-focused Swiss-based SEBA Bank is optimistic the digital currency will grow to a new ATH of $75,000 this year.
Deutsche Bank Sees Bitcoin Touch $28,000 By 2022 End, But Warns of Risks Ahead
Deutsche Bank (DB) issued its report on Wednesday that said the free fall in the crypto market could continue due to the complexity of its system.
Reserve Bank of Australia Rolls Out CBDC Pilot Project
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.
The Sandbox Appoints Nicola Sebastiani as Chief Content Officer
The Sandbox announced the appointment of Nicola Sebastiani as its Chief Content Officer to bolster its global content development. With a notable background from Sony PlayStation Studios and Apple, Sebastiani is set to enhance The Sandbox’s creator and content ecosystems. Alongside, executive promotions were announced with Mathieu Nouzareth now as Chief Business Officer and Amit Kumar as Chief Marketing Officer, marking a strategic move towards expanding its global community and fostering user-generated content in its decentralized virtual platform.
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Astar Network Launches Second Iteration of Smart Contracts
Astar Network is launching the second iteration of its smart contracts that support both Ethereum Virtual Machine and WebAssembly Virtual Machine on its mainnet on April 6. The Astar team invited community members to a panel discussion led by its executives and Polkadot developers to discuss how WASM can be utilized.
EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.
Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors
Nomura's Laser Digital has launched an Ethereum Adoption Fund, focusing on institutional investors, with a strategy involving staking and regulated custody, aiming to increase institutional engagement in Ethereum investments.
Swiss’ SEBA Bank Launches Regulated Custody Services for Blue Chip NFTs
SEBA bank has expanded the reach of its crypto offerings with a new service dedicated to custody for NFTs
Binance Launches Ramadan Trading Fee Rebate Event with 50,000 FDUSD Pool
Binance celebrates Ramadan with a special event, offering 50,000 FDUSD in trading fee rebate vouchers for users completing set tasks.
SEBA Bank Floats Ethereum Staking Service for Institutional Investors
Swiss-based digital bank SEBA has announced the launch of its Ethereum staking service, tailored to fit the needs of institutional investors.
US Senator Sherrod Brown: Facebook is delusional
“Mark Zuckerberg has said that Facebook is more like a government than a company. That’s delusional.” US Senator Sherrod Brown said in a video tweet.
eBay Acquires AI-Powered Digital ID Prvoder Certilogo
eBay Inc., a global commerce leader, has announced the completion of its acquisition of Certilogo, an AI-powered provider of digital IDs and authentication for apparel and fashion goods. This move is set to bring new, 'Secure by Design' digital ID technology to eBay's fashion category, expanding opportunities in the circular economy.
OneCoin's Former Legal Head Pleads Guilty to Fraud and Money Laundering
Irina Dilkinska, former OneCoin legal head, has admitted to wire fraud and money laundering charges in the cryptocurrency pyramid scheme, facing a potential ten-year prison term, while co-founder Ruja Ignatova remains fugitive.
eBay Joins the NFT Space, Offering Traders a Seamless Experience
E-commerce giant eBay has entered the non-fungible token (NFT) sector through a strategic partnership with Web3 company OneOf.
Solana Co-founder Labels Ethereum 'Bourgeois Digital Tyranny
Solana Labs Co-founder, Anatoly Yakovenko, defended the Solana network's accessibility during a Twitter debate from 1st to 2nd October 2023, responding to criticisms regarding the cost of running nodes. Yakovenko contrasted Solana with Ethereum, advocating for negligible costs in state creation to promote true decentralization, despite rebuttals highlighting Solana's high node operation costs favoring corporations.
Venture Capital Company Benchmark to Pump $50 Million into Ethereum-Based Fantasy Football Platform Sorare
Benchmark, a venture capital company that earlier backed Ebay Inc., Twitter Inc., and Uber Technologies, plans to invest a whopping $50 million into Ethereum-powered fantasy football platform Sorare.
Most European Regulators Have Scrutinized Facebook's Libra, Except One: Who’s the Odd One Out?
Made up of more than two dozen companies and based in Geneva, a few of the founding members, including PayPal, Mastercard, Visa, Stripe, Booking Holdings, and eBay, decided to leave the Libra project. A five-member board governance board was formed after the Libra Association reaffirmed its commitment by holding its inaugural meeting in Geneva, Switzerland, on Oct. 14.
Facebook Considers Fiat-pegged Stablecoins for Libra
Despite facing constant criticism, Libra continues to stead on, with consideration of using Fiat – Pegged Stable coins for the project to replace its initial proposal of having a synthetic unit.
G7 Reports Stablecoins Like Libra Threaten Financial Security
According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.
Is the Crypto Market about to Burst? Mark Cuban Compares Crypto Downtrend to Internet Stock Bubble
Shark Tank investor Mark Cuban says that the current crypto market is similar to the internet stock bubble of 1990 but that BTC and ETH will thrive regardless.
Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association
Maybe what Facebook is not doing right that costs it to lose founding partners? Breaking news shows that Facebook’s Libra has lost another member of its council. This time round, Vodafone has confirmed to have left Libra Association.
Shopify Becomes Member of the Libra Association
Canadian-based e-commerce giant Shopify has announced it will become the latest member of the Libra Association's governing council.
Facebook to Launch Libra Cryptocurrency in January 2021, But in Limited Format
According to a new developing story, Facebook expects to launch its Libra cryptocurrency in January next year, but in a limited format.
Shopify Adds Another Option for Merchants to Accept Payments in Over 1,000 Cryptocurrencies
Shopify adds more than 1,000 cryptocurrencies for its merchants to accept as payment through a new partnership with CoinPayments.
Top 4 Platforms to Purchase Christmas Gifts With Bitcoin
As the yuletide season is fast approaching, one of the most predominant thoughts on the minds of many people is the kind of gift to get for loved ones. Being a season of giving, there is no surprise that given that the usability of cryptocurrencies keeps increasing over the years, websites accepting cryptocurrencies have been on the rise as well.
Equating Cryptocurrency Solely with Illegal Conduct Lacks Understanding
Cryptocurrency has its benefits, but several consumers are still unaware of what they are because of security concerns and how the technology functions. In a recent interview, Coleman Watson – Managing partner Watson LLP – identified that while many people are interested in using cryptocurrency, lack of understanding remains a major hurdle.
Libra Forms Governing Board Despite Shrinking Membership
The Libra Association has reaffirmed its commitment in creating a payments-oriented stablecoin, holding its inaugural meeting yesterday in Geneva, Switzerland.