Month: February 2023

Former 111 call centre advisor fined for illegally accessing medical records

A former 111 call centre advisor has been found guilty and fined for illegally accessing the medical records of a child and his family. Martin Swan, 56, from Pinner, London, worked as a service advisor at the NHS 111 call centre in Southall when he illegally accessed the records. ย  A complaint had been raised against Mr Swan, following a disagreement during a 111 call over the distance to a medical centre, prompting him to access the records of the complainant, the complainantโ€™s child and two other relatives. Mr Swan…

No, Hong Kong Wonโ€™t Be Allowing Retail Traders Access to Crypto on June 1

“For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small,” Leo Weese, co-founder of the Bitcoin Association of Hong Kong, wrote in a 2021 post. “Local institutional investors will be able to interact with foreign platforms through their foreign subsidiaries.” Source

GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement โ€“ Press release Bitcoin News

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press release PRESS RELEASE. Early Jan 2023, in GloryFinanceโ€™s Development office, the Projectโ€™s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M. The funding will be under the form of Equity acquisition while further details of the deal are not mentioned due to confidentiality. GloryFinance (token: GLR) is a newly launched DeFi project whose mission is to make DeFi adoption accessible for everyone and accelerate Blockchainโ€™s applications sustainably across…

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

“Given the dearth of record-keeping, it may not be possible to fully reconstruct the intercompany Claim,” the statement said. “If it were at all possible, it would be a time and cost intensive forensic accounting exercise that would likely require the engagement of a forensic accounting firm to manually reconstruct every intercompany transaction at a significant cost to the Debtorsโ€™ estates.” Source

Mt Gox Creditor Duo Choose Bitcoin Payout Option for Reimbursement

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Two Mt Gox creditors, Bitcoinica and MGIF, have decided on a Bitcoin payout scheme instead of fiat payments.ย  The top 2 creditors of the defunct Japanese crypto exchange Mt Goxย have opted for a payout mainly in Bitcoin (BTC).ย According to reports, defunct New Zealand-registered exchange Bitcoinica and MtGox Investment Funds (MGIF) have agreed to a crypto payout. The duo represents a fifth of all Mt Gox claims and will get paid 90% of their receivable funds. The amount will be determined by calculating approximately 21% of what Bitcoinica and MGIF had…

SEC going after Terra sparks responses from crypto lawyers: โ€˜Wildโ€™

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Terraform Labs and its founder Do Kwon being in the sights of the United States Securities and Exchange Commission (SEC) have sparked various reactions from lawyers within the crypto community.ย  On Feb. 16, the SEC accused and charged Kwon and Terraform Labs for allegedly selling a โ€œsuite of crypto asset securities.โ€ While community members are not defending Kwon for his actions, they are questioning the manner in which the SEC is going after Terra and its founder. Web3 lawyer Mike Selig posted his thoughts on the issue on Twitter. According…

Bitcoin metric prints ‘mother of all BTC bullish signals’ for 4th time ever

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A Bitcoin (BTC) price indicator has flashed green for just the fourth time ever this week in a major warning to bears. In a tweet on Feb. 16, crypto market analyst Mohit Sorout announced that the Dollar Cost Average (DCA) Indicator was now โ€œsuggesting a raging bull market.โ€ DCA breakout last preceded 640% BTC price upside The latest Bitcoin metric to flip bullish on long timeframes, DCA is even getting attention from major Bitcoin investment circles. Its buy signals are rare, with Sorout seeing just three throughout Bitcoinโ€™s history โ€”…

Square Enix to Use Polygon’s Network in Symbiogenesis, Its Upcoming Web3 Experience โ€“ Blockchain Bitcoin News

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Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high transaction speeds and low transaction gas costs as the reasons for making this change in the gameโ€™s design. Square Enix to Harness Polygon for Symbiogenesisโ€™ Blockchain Operations Square Enix, a Japanese game-developing company, has given an update regarding the development of Symbiogenesis, its upcoming Web3-based experience announced in November. The company revealed it would use Polygon,…

Unlike Merge, Ethereum’s Shanghai Upgrade Could Bring Ether Price Volatility

Ether’s price dropped 10% to $1,472 on the day of the Merge, but volatility quickly faded, with prices trading in a narrow range of $1,300 to $1,400 during the following four weeks. Ether’s 30-day realized volatility fell from an annualized 85% to nearly 60% in the four weeks following the Merge, according to data sourced from Amberdata. Realized volatility is a backward-looking metric measuring the degree of price turbulence observed over a specific period in the past. Source