Day: 17 July 2024

Hong Kong's financial regulators have taken a significant step towards regulating the stablecoin industry by releasing consultation conclusions on a proposed licensing regime for stablecoin issuers. This move is part of the city's broader legislative effort to transform and regulate its digital asset sector. On Wednesday, July 17, the Hong ...

Elwood Technologies has announced the sale of its Over-The-Counter (OTC) trading business, Elwood Capital Management Ltd (ECML), to Zodia Markets. ECML, based in Jersey (within the Channel Islands, UK), and regulated by the Jersey Financial Services Commission, has been a key player in providing liquidity solutions to a diverse global ...

Justice Emeka Nwite of the Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a medical doctor at the Kuje Correctional Centre. The warrant comes after Dr Ehizojie failed to comply with court orders to produce a medical report for Tigran Gambaryan, ...

The Washington State Department of Financial Institutions (DFI) has issued a critical warning about an emerging cryptocurrency scam that preys on unsuspecting victims through the guise of educational institutions. This sophisticated fraud operation involves scammers posing as business "professors" affiliated with fictitious academies, business schools, or wealth institutes. According to ...

Former U.S. President Donald Trump has hinted at the possibility of launching a fourth non-fungible token (NFT) collection. In an interview with Bloomberg on July 16, Trump expressed his intention to launch another NFT series, citing public demand as the driving force. "I'm going to do another one because the ...

Angel Drainer, a notorious drainer-as-a-service program, reportedly suspended its operations within hours of cybersecurity researchers at Match Systems claiming to have de-anonymized its members.  In a post on X (formerly Twitter) on Tuesday, July 16, the Dubai-based blockchain forensics firm Match Systems announced that Angel Drainer’s Telegram channel stated the ...