Tag: Issues

Binance Legal Issues Could Worsen as CFTC Gets More Aggressive, Gains Access to Crypto Exchange’s Records

The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to resign as CEO. A settlement was reached to resolve this matter, resulting in a $50 million fine imposed on CZ (the former CEO) and a $4.3 billion payment to be made by Binance itself. With…

Court Issues Verdict on Do Kwon’s Extradition

Do Kwon faces multiple fraud-related and civil allegations from US federal prosecutors. Eight months after his arrest, a court in Montenegro has finally ordered the extradition of Terra founder Do Kwon. Kwon was arrested in Podgorica, the capital city of Montenegro in March, after he was caught trying to flee to Dubai via private jet, and with falsified documents. At the time, Kwon had a fake Costa Rican passport on him. Although a final decision is yet to be made on his final destination, information on the court’s website suggests…

Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter

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In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong.  Disney launches NFT platform with Dapper Labs Disney has partnered with NFT company Dapper Labs to launch a digital collectible…

‘Be smarter than your smart tech’ – ICO issues top tips for consumers buying smart devices on Black Friday

The Information Commissioner’s Office (ICO) has shared its top tips to support consumers shopping smart tech this Black Friday. Smart tech is expected to be a popular category again this year, with Brits primed to bag themselves a bargain in the annual sales event. From speakers answering your every question to doorbells that let you know about (un)welcome visitors in real time, the benefits of these devices are obvious. However, the risks to your personal data are often less clear. Research shows that over half of Brits (52%) feel like…

Lloyds Bank issues urgent warning of crypto scams in the UK

A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these attacks. Social media home base The press release goes on to report victims of crypto investment scams are facing an average loss of £10,741, marking an increase from the previous year’s £7,010.  Additional data goes on to state that 66% of all investment scams originate on social media…

Yuga Labs confirms UV lights likely cause of eye issues at ApeFest

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Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed. On Nov. 5, attendees began reporting eye and skin-related issues after attending ApeFest the day before — which was a free event for Bored and Mutant Ape Yacht Club owners held in Hong Kong. In a Nov. 9 X (Twitter) post, Yuga’s Bored Ape Yacht Club (BAYC) account confirmed that “UV-A…

Self-Authentication System Of Shiba Inu Has Technical Issues

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The newly launched SHIB self-authentication system, Shibdentity, has witnessed some technical issues. Kaal Dhairya, a Shiba Inu developer, revealed this today, November 7. As part of their efforts to make the Shib Ecosystem self-sufficient, the developers also introduced The Shib Magazine. Shiba Inu Developers Launches The Shib Magazine The Shiba Inu developers recently launched Shib Name Service (SNS) on its layer-2 network, Shibarium. The Shib Name Service aims to introduce the Shibdentity, a self-custodial identity system for the SHIB ecosystem The product aims to make the ecosystem sufficiently decentralized so…

Hong Kong regulator issues tokenized investments requirements amid demand

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The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2. The market demand in Hong Kong for tokenized investment products combined with the various benefits of blockchain technology became one of the key drivers for the SFC to consider issuing public guidelines on tokenizing the securities and futures market. With the conclusion of the closely watched central financial work conference, China has outlined future priorities and directions for the pursuit of the…