Tuesday, April 30, 2024
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Web3 threatened by Web2.5 and regulations, exec warns

As Web3 remains in its early stages, its ideals and original vision of creating an interoperable financial landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.In an interview with Cointelegraph, Burke outlined several aspects of Web3 that are currently threatened by Web2.5

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UAE infrastructure for crypto is more ‘business-friendly’ than the US, says exec

At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' infrastructures and how they can be “ideal” for crypto businesses. Speaking with Cointelegraph, Ereiqat highlighted that there are several factors that businesses should look at when considering a place

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Lawsuit against FTX celebrity promoters gets backup from former exec

A class action lawsuit against celebrities who allegedly promoted the now-bankrupt FTX has scored the cooperation of a former exchange executive — ex-compliance chief Daniel Friedberg.A May 11 proposed amended complaint filed in a Florida District Court from the class action lawyers said Daniel Friedberg provided evidence that promotional activity

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Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022.DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the

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China’s crypto stance unchanged by moves in Hong Kong, says exec

Despite Hong Kong steadily progressing with cryptocurrency adoption, mainland China has not changed its anti-crypto stance in terms of local regulations.Some Chinese state-affiliated banks have increasingly opened bank accounts to serve crypto clients in Hong Kong. CPIC Investment Management — a China government-backed firm regulated as a Hong Kong entity —

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