In a pivotal leadership transition at Binance, the foremost crypto exchange globally, Changpeng “CZ” Zhao has resigned as CEO after admitting guilt to charges in the U.S., making way for Richard Teng’s ascendancy. Previously a regulator in Abu Dhabi, Teng was appointed in June to manage Binance’s regional operations outside the U.S. His rise to …
In the wake of Sam Bankman-Fried’s conviction on fraud-related charges, former FTX executives, including Can Sun and Armani Ferrante, are forging a new path with Backpack Exchange, a Dubai-based cryptocurrency exchange. This venture, born from the lessons of FTX’s downfall, strongly emphasizes securing customer funds. Sun says, “In a post-FTX world, you need trust and …
Sam Bankman-Fried, the former CEO of FTX, has been found guilty on all seven fraud charges in a historic ruling that will have a lasting impact on the cryptocurrency community. This case represents a sharp decline in popularity for the once-promising crypto entrepreneur. Following a quick five-week trial and just a few hours of jury …
FTX’s Sam Bankman-Fried Convicted in Historic Crypto Fraud Case Read More »
Bitcoin is reclaiming its throne in the cryptocurrency world, with its market dominance surging to an impressive 54%, a peak not seen in the last 30 months. This significant rise clearly indicates Bitcoin’s strengthening position as we edge closer to the much-anticipated halving event in April 2024. Back in 2017, during a bull market, Bitcoin’s …
Binance, a leading cryptocurrency exchange, has taken action to freeze accounts associated with Hamas militants, following a directive from Israeli authorities. The co-founder of Binance, Yi He, clarified in a WeChat post dated Oct. 10 that this decision specifically targets Hamas, which is recognized as a terrorist organization by the United Nations, and not the …
Binance Takes Action on Hamas-Linked Accounts Following Israeli Intervention Read More »
Hong Kong authorities have alerted the public about a Binance phishing scam that has affected local users. The city’s police force highlighted that 11 Binance users in Hong Kong fell victim to phishing texts. In a recent “CyberDefender” post on Facebook, the Hong Kong police stated, “Fraudsters, pretending to be Binance, sent texts urging users …
GMA Network has stepped into the future of broadcasting with the launch of AI-generated sportscasters Maia and Marco, sparking widespread discussions and debates on integrating Artificial Intelligence (AI) in media. This innovative move, announced ahead of the National Collegiate Athletic Association (NCAA) Season 99, aims to deliver top-notch news and updates on both local and …
GMA Network’s AI Sportscasters Stir Debate on Media’s Future Read More »
UnionBank of the Philippines has achieved a milestone by becoming the sole bank in the nation to secure a license from the Bangko Sentral ng Pilipinas (BSP) to function as a virtual asset service provider (VASP). The bank proudly holds the ‘Certificate of Authority’ from the central bank, distinguishing it as the premier bank in …
UnionBank of the Philippines Secures Virtual Asset Service License Read More »
If you’re residing in Thailand for over 180 days, be prepared for a change in how your foreign assets, including cryptocurrency, are taxed. The Revenue Department of Thailand sets out to implement a new tax rule targeting foreign revenues, including gains from crypto trading. As per a recent report from the Bangkok Post dated Sept. …
Thailand Tightens Tax Rules on Foreign Assets, Including Crypto Read More »
Billionaire investor, Dallas Mavericks owner, and prominent crypto enthusiast, Mark Cuban, recently experienced a significant setback in his digital assets journey. He confirmed the loss of nearly $900,000 due to a breach in one of his hot wallets. The incident has raised eyebrows in the crypto community, prompting discussions about security and the vulnerabilities even …
Mark Cuban Faces $870K Crypto Loss in a Recent Hot Wallet Breach Read More »
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