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Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations

In a decision by the Anatolian 9th High Criminal Court, Faruk Fatih Özer, the mastermind behind the Turkish cryptocurrency platform Thodex, has been found guilty in a significant fraud case. Alongside Özer, six other individuals were detained, making up a total of 21 individuals implicated in the fraud allegations. The court’s judgment was severe. Özer, … Continue reading Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations

US Treasury Targets Hamas Financial Networks Post-Israel Attack

In a decisive response to the recent terrorist attack on Israel, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated ten individuals and entities linked to the Hamas terrorist organization. This action, aimed at crippling the financial structures supporting Hamas, encompasses individuals and operations not only in the Gaza Strip but … Continue reading US Treasury Targets Hamas Financial Networks Post-Israel Attack

FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert on October 20, 2023, aimed at assisting financial institutions in identifying funding streams that support the terrorist organization Hamas. This move comes after a devastating attack on Israel on October 7, 2023, orchestrated by Hamas, which resulted in significant casualties, including … Continue reading FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities

Japan Freezes Assets Linked to Hamas Funding

On October 31, the Japanese government announced the freezing of assets belonging to nine individuals and one cryptocurrency trading company accused of financially aiding the Palestinian militant group Hamas, as per Kyodo News. This action comes amidst an ongoing conflict between Israel and Hamas, with other nations like the United States taking similar steps to … Continue reading Japan Freezes Assets Linked to Hamas Funding

Harvard's Breakthrough in Quantum Computing: A Leap Towards Error-Correction and Noise Reduction

There has been a substantial advancement in quantum computing, which was disclosed by a group of researchers from Harvard University, in conjunction with QuEra Computing Inc., the University of Maryland, and the Massachusetts Institute of Technology. The Defense Advanced Research Projects Agency (DARPA) of the United States of America has provided funding for the development … Continue reading Harvard's Breakthrough in Quantum Computing: A Leap Towards Error-Correction and Noise Reduction

MetaMask Snaps Elevate Security and Interoperability in the Web3 Space

MetaMask, a prominent figure in the blockchain and Web3 domains, has recently enhanced its offerings with a series of security-oriented plugins called MetaMask Snaps. These plugins are designed to extend the functionality of the MetaMask wallet, improving security and user experience. Collaborative Efforts to Enhance Security One of the notable advancements is the collaboration between … Continue reading MetaMask Snaps Elevate Security and Interoperability in the Web3 Space

Theta Capital Management B.V. Announces $200M Theta Blockchain Ventures IV Fund

Theta Capital Management B.V., a leading global investor in blockchain venture capital funds, has launched Theta Blockchain Ventures IV, a significant new fund aimed at investing in the foundational infrastructure of blockchain technology. With a targeted total of $200 million in commitments, the fund marks a strategic move to capitalize on what Theta Capital views … Continue reading Theta Capital Management B.V. Announces $200M Theta Blockchain Ventures IV Fund

ECB Blog Casts Doubt on Bitcoin's Value Following ETF Approval

In a recent blog post by the European Central Bank (ECB), Ulrich Bindseil and Jürgen Schaaf have voiced strong skepticism about Bitcoin’s utility and value, even in the wake of the U.S. Securities and Exchange Commission’s approval of Bitcoin spot exchange-traded funds (ETFs). The post, titled “ETF approval for bitcoin – the naked emperor’s new … Continue reading ECB Blog Casts Doubt on Bitcoin's Value Following ETF Approval

Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus

Arkansas Representative French Hill is positioning himself to take the helm of the House Financial Services Committee, a move that could significantly impact the oversight and regulation of digital assets in the United States. As the current chair of the recently established digital assets subcommittee and vice-chair of the full committee, Hill has been at … Continue reading Rep. French Hill Eyes Financial Services Committee Leadership Amid Crypto Focus

Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment

Sygnum, a prominent digital asset banking group, has announced the tokenization of USD 50 million of Matter Labs’ treasury reserves. This strategic initiative has been facilitated through an investment in Fidelity International’s USD 6.9 billion Institutional Liquidity Fund (ILF), marking a significant advance in the integration of blockchain technology with conventional financial products. Matter Labs, … Continue reading Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment

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