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Articles by Protector Roge
Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web3 Users Globally
London, United Kingdom, November 23rd, 2023, Chainwire Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives Offers large rewards for simple in-app interactions, easily redeemable Socrates, a web3...
ADGM Launches World’s First Legal Framework for Blockchain Foundations and DAOs
Abu Dhabi Global Market (ADGM) has announced the launch of the world’s first-ever legal framework specifically designed for Blockchain Foundations and Decentralized Autonomous Organisations (DAOs). This pioneering framework is poised to establish a new global standard in the regulatory landscape of Distributed Ledger Technology (DLT) and blockchain sectors.
MAS Halts DBS Bank’s Non-Essential Activities for Six Months Amid Efforts to Enhance System Resilience
In a decisive move to ensure the stability and reliability of digital banking services, the Monetary Authority of Singapore (MAS) has enforced a six-month moratorium on non-essential IT modifications for DBS Bank Ltd. Furthermore, the bank is prohibited from pursuing new business expansions and downsizing its existing branch and ATM operations in Singapore during this period. This decision was made in the wake of persistent service disruptions experienced by DBS Bank this year.
FinaMaze Awarded the “AI Fintech Innovation” Award at the Entrepreneur’s Tech Innovation Awards 2023
FinaMaze, the AI Digital Wealth Manager regulated by the Financial Services Regulatory Authority in the ADGM, is pleased to announce its receipt of the “AI Fintech Innovation” Award at the Entrepreneur Tech Innovation Awards 2023, held yesterday at Sofitel the Palm, Dubai. CEO Mehdi Fichtali commented: “We are honored to receive this significant award, reflecting our ongoing commitment to integrating AI and human expertise to deliver advanced, personalized investment solutions.
HMX - Decentralized Perpetual Exchange Review
HMX Decentralized Exchange Markets Cryptocurrencies: FX Commodities How to trade on HMX Decentralized Perpetual Exchange To get started, visit the homepage and connect your web3 wallet e.g. MetaMask. You can enable one-click trading so that you don’t have to sign transactions each time you want to place a trade. You can then proceed to enable trading. Make sure you top up your wallet with some ETH on Arbitrum. For the purposes of this demonstration, we sent a little bit of ETH from another wallet.
EDX Markets Partners with Solidus Labs to Support Best-in-Class Comprehensive Transaction Monitoring
EDX Markets (EDX) announced that it has partnered with Solidus Labs to provide transaction monitoring across EDX’s platform. Through this partnership, EDX plans to provide customers with seamless end-to-end transactional risk management capabilities in order to maintain the highest compliance standards across the cryptocurrency industry and reflect key institutional best practices.
Hong Kong approves first retail cryptocurrency exchanges
HONG KONG – Local crypto giants, HashKey Group and OSL, have been greenlit by Hong Kong regulators to operate as the city’s inaugural licensed cryptocurrency exchanges catering to retail investors. The move reaffirms the city’s positioning as a burgeoning global crypto nucleus. These two were, hitherto, the sole local exchanges licensed by the Securities Futures Commission (SFC) to provide specific digital asset trading services, but only to professional investors.
Hong Kong FinTech Week Returns in 2023
The annual Hong Kong FinTech Week, scheduled from 30 October to 5 November 2023, is poised to be a focal point for the global fintech community. Hosted in the bustling metropolis at the Hong Kong Convention and Exhibition Centre (HKCEC) and other strategically chosen venues, this event is not just a conference—it’s a statement on the future of financial technology. Backdrop In an era where technology intersects almost every facet of our lives, the financial sector is no exception.
Num Finance Partners with TruBit to Expand Trading Opportunities for Latin American Users
Num Finance, the premier issuer of local stablecoins in Latin America, announces a new strategic partnership with the all-in-one leading crypto platform in LATAM TruBit. As part of the alliance, nARS – the Num Finance-issued stablecoin that follows the price of the Argentine peso – has been listed on the popular exchange, providing TruBit users a means of trading and acquiring nARS securely and efficiently.
Is Metaverse Dead?
In the fast-paced digital realm, the gravitational pull of new innovations can often cause earlier phenomena to fade into the shadows. With AI’s meteoric rise, making strides in every conceivable sector from healthcare to financial modeling, the once-buzzing world of the metaverse appears to be retreating into the background. But is it accurate to say the metaverse is dead?
PayPal Introduces US Dollar-Based Stablecoin on Ethereum Platform
PayPal has unveiled a new stablecoin pegged to the US dollar, marking a significant step in the digital asset domain by a major US financial firm. This revelation comes after the company began offering crypto services in 2021, facilitating the buying, selling, and holding of prominent cryptocurrencies like bitcoin and ether.
Former General Manager at Wipro, Andrew Aitken joins Hedera as Chief Open Source Officer
Hedera, the leaderless proof-of-stake network leading the next generation of the Web, has appointed Andrew Aitken as Chief Open Source Officer (COSO), to lead its realignment as a fully open source Web3 platform. Andrew is a veteran in the open source sector, having served as an open source expert to the White House, guest lecturer for Stanford’s Entrepreneur Program and founder of the industry’s only think tank.
SEC Charges Crypto Mogul Richard Heart in an alleged $1 Billion Fraudulent Scheme
In a major crackdown on illicit activities in the world of digital finance, the Securities and Exchange Commission (SEC) has levied charges against crypto entrepreneur Richard Heart, whose real name is Richard Schueler. Heart, alongside three entities under his control – Hex, PulseChain, and PulseX – is accused of conducting unregistered offerings of crypto asset securities, amassing more than $1 billion from investors.
Sam Altman’s Worldcoin project launches
Worldcoin, Sam Altman’s project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world. OpenAI’s Altman and Worldcoin co-founders Alex Blania and Max Novendstern, say that 4.4 billion people lack a legal, digitally-verifiable identity, hindering their ability to access the global economy and things like government aid, financial services and healthcare.
US instant payment network FedNow goes live
The Federal Reserve has switched on its new instant payment system, FedNow, with 35 banks and credit unions onboard. The 35 early-adopting banks and credit unions are joined by the US Department of the Treasury’s Bureau of the Fiscal Service and 16 payment processing service providers. “The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient,” says Federal Reserve chair Jerome H. Powell.
Bunq has secured €44.5 million in funding
Dutch neobank bunq has raised €44.5 million in growth capital at a €1.65 billion valuation, bringing its total funding for the year to €100 million. Current investors founder Ali Niknam, Pollen Street Capital and Raymond Kasiman joined the round for Europe’s second largest neobank. The valuation is the same as when the company closed a €193 million Series A in 2021 – despite the recent market downturn.
The Innovation Corridor: Unleashing Fintech and Web3 Synergies in the UAE, Saudi Arabia, and Hong Kong
Navigating the expansive seas of fintech, the UAE, Saudi Arabia, and Hong Kong have charted their course towards a future embellished with digital assets. This emergent triumvirate of innovative economies is setting the stage for a transformational corridor where the rules of finance are reimagined. Hong Kong and the UAE have set the wheels in motion, fostering a bilateral pact to reinforce their collaboration in the financial sector, particularly within the realm of virtual assets.
Argentem Creek Partners Leads USD 20 Million Venture Loan Round for Salmon
Consumer fintech Salmon today announces it has secured a USD20MM venture loan from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the transaction, Salmon will expand its loan book, leveraging its existing point-of-sale and cash loan lending, and will launch new disruptive products in the second half of 2023.
Argentem Creek Partners obtains In-Principle Approval from Abu Dhabi Global Market
Argentem Creek Partners (‘Argentem’), an emerging markets specialist investment firm, announces that it has been granted an In-Principle Approval (IPA) for a Financial Services Permission (FSP) on 20th June 2023 from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the leading international financial centre in the region. Once Argentem has satisfied all IPA conditions and receives its final FSP, the firm is set to expand operations in the region.
ADGM Launches Comprehensive Sustainable Finance Regulatory Framework to Propel UAE’s Net Zero Ambition
Abu Dhabi Global Market (ADGM) has implemented its sustainable finance regulatory framework today, marking an essential step towards accelerating the UAE’s transition to net-zero greenhouse gas emissions. This framework comprises a broad range of environmental, social, and governance (ESG) disclosure requirements, as well as a regulatory system for sustainable funds, managed portfolios, bonds, and sukuks.
Polimec and Deloitte Launch KYC Credentials for DeFi Fundraising
In a recent development that marks a significant stride towards regulatory compliance in decentralized finance (DeFi), Polimec, a decentralized funding protocol built on Polkadot, has joined forces with Deloitte Switzerland. The collaboration aims to issue reusable Know Your Customer (KYC) credentials to facilitate global digital asset fundraising. The move, announced on June 27th, 2023, also sets the groundwork for reducing the risk of fraud and hastening the advancement of Web3.
The Final Countdown: Inclusive FinTech Forum, Kigali
As the Content Lead for the Inclusive FinTech Forum at Elevandi, I have had the privilege of helping shape the Forum’s content over the past five months. It’s an exciting time as we approach the launch of a groundbreaking event in the vibrant city of Kigali, Rwanda, jointly conceived by Elevandi and the Kigali International Financial Centre. The Forum holds the promise of fostering inclusiveness and sustainability in the realm of financial technology.
Fintech Week London - From Flux to Flow: Evolving the future of finance
Date: 19 – 23 June 2023 Price: In-Person which is £695, Virtual Only which is £295 Venue: Tottenham Hotspur Stadium – East Quarter, Worcester Ave, London N17 0BX Fintech Week London 2023 is a five-day event that runs from 19 June 2023 to 23 June 2023 with a two-day flagship conference on 19 and 20 June. Let’s work together to pave the way for a brighter future for the fintech industry.
Clash of Titans - SEC vs. Coinbase and Binance - Decoding the Battle for Crypto Supremacy
It is certainly heroic to fight the forces of nature, but success tends to be implausible. The forces of crypto regulation strongly oppose any innovative digital asset offering in the U.S. Since the Fed/FDIC/OCC statement on January 3, 2023, titled “Agencies issue joint statement on crypto-asset risks to banking organizations”, and the IMF statement on January 18, 2023, titled “Crypto Contagion Underscores Why Global Regulators Must Act Fast to Stem Risk”, regulators have dismantled crypto rails.
SEC Charges Binance Entities and Founder Changpeng Zhao with Numerous Securities Law Violations - Lawsuit Highlights
The impact of blockchain technology on various sectors of the global economy is unquestionably profound. Among
SEC Slams Coinbase with Charges for Operating as Unregistered Securities Exchange, Broker, and Clearing Agency
The US Securities and Exchange Commission (SEC) has charged Coinbase Inc., a prominent cryptocurrency trading platform, with operating as an unregistered securities exchange, broker, and clearing agency. The SEC alleges that Coinbase has been facilitating the unlawful buying and selling of crypto asset securities since 2019, making billions of dollars in the process.
Circle Singapore Secures MPI License from MAS
Circle Internet Singapore Pte. Ltd., an affiliate of Circle Internet Financial, LLC, has acquired a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license permits Circle Singapore to offer digital payment token services and to carry out both cross-border and domestic money transfers. One of the services it provides is the Circle Account, which facilitates institutional customers’ access to USDC, a digital dollar issued by Circle.
Binance and its U.S. Affiliate Experience $1.43b Withdrawals Following SEC Lawsuit, Reports Indicate
Approximately $1.43 billion has been withdrawn from cryptocurrency exchange Binance and its U.S. subsidiary by investors as of Tuesday 11 a.m. ET (1500 GMT), according to data analytics firm Nansen. This follows a lawsuit filed against both exchanges by a leading U.S. regulator a day earlier. Nansen’s tweet showed Binance experienced a net outflow of $1.34 billion in crypto tokens via the ethereum blockchain, with Binance.US, its American subsidiary, witnessing a net outflow of $70.8 million.
Artificial Intelligence to take centre stage at the Singapore FinTech Festival 2023
The Monetary Authority of Singapore (MAS) and Elevandi today announced the theme of the Singapore FinTech Festival (SFF) 2023– ‘Applications of Artificial Intelligence (AI) in Financial Services’. SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services.
China’s White Paper Signals New Opportunities for Hong Kong’s Digital Asset Industry
Beijing’s Web3 White Paper and Hong Kong’s Crypto Regulations Provide Hope Amidst Global Regulatory Uncertainty In a significant development for the digital asset industry, Beijing has released a white paper titled “Web3 Innovation and Development,” outlining its plans to foster innovation and advance the Web3 ecosystem.
Beijing Launches Web3 White Paper Amid Regulatory Changes in Crypto Sphere
Beijing has issued a Web3 Innovation and Development White Paper, which outlines plans to encourage the development of the web3 industry. The Beijing Municipal Science & Technology Commission made the announcement at the Zhongguancun Forum. The commission’s goal is to establish Beijing as a hub for digital economy innovation.
The Impact of Blockchain Technology on Wealth Management
The impact of blockchain technology on various sectors of the global economy is unquestionably profound. Among the many industries it is disrupting, wealth management is one that stands out. Blockchain technology, by offering increased transparency, speed, and security, is gradually changing the ways wealth management functions. This article explores how blockchain technology is reshaping wealth management.
Finsight Editorial: The Urgent Need for Objective Journalism in Digital Assets: Moving Beyond Media Narcissism
In an era marked by information overload and media saturation, it is crucial to examine the prevailing self-centeredness within the media industry. The excessive self-promotion by those entrusted with shaping news and trends has veiled the true purpose of journalism, leaving us to question why we tolerate this narcissism and mistake it for genuine journalism.
Dubai Blockchain Center signs MoU with European Blockchain Association
The agreement aims to facilitate the exchange of knowledge to support education for students and executives in Blockchain, web3, DeFi, AI, the Metaverse and other fields. The MoU seeks to increase visibility and exposure for advanced technology topics, their regulatory needs and further establish Dubai as the world-leading advanced tech hub.
MaskEX Aims to Drive Mass Adoption of Digital Assets and Strengthen Presence in MENA Region
In an exclusive interview, Ben Caselin, Chief Strategy Officer at crypto exchange MaskEX, discusses the company’s mission to promote mass adoption of digital assets, the importance of a holistic approach to this adoption, and how MaskEX is targeting the MENA and SEA regions. The exchange offers a comprehensive suite of products and services while working closely with regulators and governments.
Controversy Erupts as FCA Revamps UK Listing Rules, Igniting Debate Over Investor Rights
The Financial Conduct Authority’s (FCA) recent decision to modernize the UK’s listing rules has sparked a heated debate over investor rights. While some applaud the FCA’s bold move to streamline the listing process and make it more attractive for fast-growing companies, others argue that the new rules could put investors at risk.
FinaMaze Appoints European Banking Expert Michael McManus-Schouchana to Lead European Expansion, Wins Best AI Investment Provider Award
FinaMaze announced the appointment of Michael McManus-Schouchana as a key member of the Advisory Board. Michael, a renowned business development expert with over 20 years of international experience, will lead the charge in driving FinaMaze’s strategic growth and development in Europe. Michael’s impressive resume includes working with prestigious companies such as Merrill Lynch and J.P. Morgan in the United States, as well as Capgemini, IBM, HP, and Oracle in Europe.
NESTFi Decentralized Perpetual Exchange Review
The NEST Protocol serves as a decentralized trading foundation, often referred to as a martingale network. It employs smart contracts to remove market makers and liquidity providers, offering traders virtually limitless liquidity via risk sharing. In addition to the NESTFi perpetuals DEX, NEST Protocol consists of three key components: NEST Oracle, NEST Assets, and NESTcraft.
Eurosystem has launched the new T2 wholesale payment system
Eurosystem’s new real-time gross settlement (RTGS) system and central liquidity management tool went live on 20 March 2023 New consolidated payment system successfully completed first day of operations Upgraded system to contribute to harmonisation and efficiency of Europe’s financial markets The Eurosystem has successfully launched the new T2 wholesale payment system, which comprises an RTGS system and a central liquidity management tool.
Coordinated central bank action to enhance the provision of US dollar liquidity
ECB and other major central banks to offer 7-day US dollar operations on a daily basis New frequency effective as of 20 March 2023 to remain in place at least through the end of April to support smooth functioning of US dollar funding markets The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity...
Bitcoin Slips Below $28K Ahead of This Week's FOMC Meeting: Market Watch
Bitcoin failed to continue upwards after tapping $28,500 yesterday and has slipped below $28,000 ahead of arguably the most anticipated FOMC meeting in a while. The altcoins have suffered even more, with DOT, MATIC, SOL, and others dumping by up to 7-8% in a day. BTC Retraces Before FOMC Meeting Ever since the banking issues worsened in the US and even expanded to Europe, bitcoin’s price performance has been nothing short of spectacular.
Over two-thirds of the Bitcoin supply has not moved in a year
Key Takeaways Long-term holders continue to sit on their Bitcoin stashes Two-thirds of the supply has not changed hands in the last year, despite rampant volatility and a collapse of the Bitcoin price Over half the supply has not moved in 2 years or longer “Supply squeeze” is a seductive phrase thrown around among Bitcoin enthusiasts.
Bitcoin long-term holders locking in profits could lead to BTC price pullback
Previous CryptoSlate analysis revealed that the crypto industry is slowly getting out of the bear market. However, the transition from a bear market to a bull market is often a tumultuous and volatile process. Long-term holders (LTH) are the most important factors in this part of the cycle, as their behavior determines local bottoms and fuels future price rallies. As Bitcoin (BTC) surged past $28,000, LTHs rushed to sell some of their holdings for the first time in almost a year.
Synthetix Secures $20M Investment from DWF Labs
Synthetix is a tokenized asset issuance platform that allows users to create Synths by locking tokens into a smart contract and minting derivatives that provide exposure to a range of different assets. The platform’s V2 has surpassed $400 million in perpetual swap daily trade volume, and the collaboration with liquidity provider Curve Finance saw a surge in daily fees, increasing the SNX token value by over 100%.
Options open contracts hit new ATH – 468K Bitcoin - OMGFinTech.com
Quick Take The total amount of funds in (USD value) allocated in options contracts. Options open interest just hit a new all-time high of 468,000 Bitcoin, equivalent to roughly $13 billion. This is the same notional value during the 2021 bull run — showing how many Bitcoin are allocated into options contracts. The strike price for March 31 shows a huge dominance for calls around $30,000 — set to place further resistance on the $30,000 mark.
Glassnode data reveals bullish trends for Bitcoin amidst latest rally
Bitcoin has had one of its best weeks in history, with a closing increase of 35.8%. Bitcoin’s monthly average transaction count has hit 309.5k per day — the highest level since April 2021, according to on-chain analytics firm Glassnode. Despite the high price performance, the proportion of ‘hot coins’ is still close to cycle lows — indicating that most owners of older coins are not motivated to take profits.
OKX Plans To Shutter Canadian Operations By Mid-2023
Related Posts Cryptocurrency exchange OKX has announced that it will shutter its operations in Canada by June 2023 due to growing regulatory issues arising in the country. OKX is currently the 8th largest cryptocurrency exchange in the world and is headquartered in Malta.
Polygon and Immutable partner to boost Web3 gaming
Polygon Labs and Immutable are eyeing faster and seamless onboarding of Web3 game developers and users. The launch of a zkEVM powered platform for studios and developers is expected in a few months’ time. Immutable zkEVM will see users benefit from true ownership of in-game assets. Polygon Labs and gaming platform Immutable have announced a strategic partnership that aims at developing a zero-knowledge powered blockchain platform for Web3 gaming.
Polygon and Immutable partner on Web3 gaming
Ethereum ecosystem projects Polygon and Immutable have partnered on Web3 gaming, according to a press release published on March 20. Immutable and Polygon join forces The joint announcement indicates that the two projects will form a strategic alliance to advance Web3 gaming in terms of development and adoption. The partnership will focus on Immutable zkEVM, which is based on zk-rollups and is supported by Polygon technology.
Institutional Investors Take Contrarian Positions Amid Crypto Rally As Markets See More Outflows: CoinShares
Digital assets manager CoinShares says institutional crypto investment products suffered their sixth consecutive week of outflows last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional crypto investment products suffered outflows of nearly $95 million last week despite a broader crypto market rally.
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