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Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis
Malaysian police recently arrested five cryptocurrency mining operators that were caught stealing electricity from a state-owned power company, Sarawak Energy Berhad (SEB).
Indian Securities Regulator Urges Mutual Fund Companies To Avoid Investing In Crypto, Until Regulations Set In
SEBI urges mutual fund companies in India to avoid investing in cryptocurrencies as the government is still considering new crypto rules.
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.
Binance set to reenter Japanese crypto market
Binance is set to reenter the Japanese crypto market after acquiring the regulated crypto exchange platform, Sakura Exchange Bitcoin (SEBC). The SEBC platform will terminate its current crypto exchange and brokerage services by May 31, 2023, and reopen as Binance Japan in June. Binance had to fold its Japan operations in 2018 after regulatory warnings, but has since mended relations with regulators and reentered other markets through acquisitions.
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.
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.
SEB and Credit Agricole launch digital bond platform on blockchain
Skandinaviska Enskilda Banken (SEB) and Credit Agricole have launched a blockchain-based platform called "so|bond," which allows institutional clients to issue, trade and settle bonds digitally. The platform uses a validation protocol called "Proof of Climate awaReness," which minimizes its environmental footprint while incentivizing nodes to improve their environmental impact.
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.
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.
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.
Exclusive: Johan Hörmark on SEB's Blockchain-Driven Bond Platform
Johan Hörmark, Project Manager at SEB, discusses the transformative potential of their blockchain-based digital bond platform, so|bond, in the financial secto
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.
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.
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.
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.
Did Coinbase CEO Steal a Blockchain Startup's Work? This Lawsuit Alleges so
Brian Armstrong is currently being accused of stealing the works of blockchain startup MouseBelt Labs, both of whom invested in Knowledgr, an academic research platform designed to reward participants in cryptocurrencies.
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).
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