Browsing:News

Hong Kong has successfully issued its first tokenized green bond
1 year ago 1 min read

Hong Kong Issues First-Ever $100M Tokenized Green Bond with Success

The Hong Kong government has successfully issued its first tokenized green bond worth 800 million Hong Kong dollars ($101 million). The bond is part of the government’s Green Bond Program and is the first green bond to be issued by a government globally. The bond is designed to finance eco-friendly projects and will be sold digitally using blockchain technology. The bond will be offered through a private blockchain network, and processes related to its lifecycle, including coupon payment, settlement of secondary trading, and maturity redemption, will be digitalized. The 365-day bond will yield 4.05% and is being offered in collaboration

Two academics from Stanford University have been identified SBF bailers
1 year ago 1 min read

Former Stanford Dean and Research Scientist revealed as Sam Bankman-Fried’s bail backers

Two academics from Stanford University have been identified as the previously unknown individuals who signed bonds for the release of Sam Bankman-Fried, the founder of FTX crypto exchange. Larry Kramer, the former dean of Stanford Law School, and Andreas Paepcke, a computer science research engineer at the university, were named in court filings released on Wednesday. Bankman-Fried was arrested and charged with fraud and other crimes, and was released on bail in December on a US$250 million personal recognizance bond signed by himself and his parents. Two separate bonds were signed by Kramer and Paepcke, with court documents showing that

Binance is preparing to face regulatory fines and penalties
1 year ago 1 min read

Binance prepares to pay fines to US regulators, according to report

Binance is preparing to face regulatory fines and penalties to settle outstanding investigations by regulatory and law enforcement authorities in the US. The company’s Chief Strategy Officer, Patrick Hillmann, recently confirmed that Binance is working with regulators to remedy past compliance issues. While the outcome of the ongoing investigations remains uncertain, Hillmann stated that regulators will most likely impose fines, which could be more significant. Binance has been under investigation by US authorities for several years, including the Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. These investigations relate to potential violations of anti-money

The Norway police have seized $5.9 million in crypto
1 year ago 1 min read

Norwegian Police Recover $5.9 Million Linked to Axie Infinity Cyber Attack

The Norway police’s unit for fighting economic and environmental crimes has seized 60 million Kroner ($5.9 million) in cryptocurrency linked to the $600 million Axie Infinity hack that occurred in March 2022. This seizure is one of the largest by the Nordic country’s Okokrim. The FBI identified the Lazarus Group of North Korea as the group behind the crypto hack, and with the help of Chainalysis, the US government was able to recover $30 million in stolen cryptocurrencies in September 2022. The hackers used Tornado Cash to launder their money, following which the mixer was sanctioned by the US Treasury

France Criminal Court has sentenced the 50-year-old mastermind
1 year ago 2 mins read

French Court Punishes 50-year-old Crypto Scammer with Four-year Jail Term

The Fontainebleau Criminal Court has sentenced the 50-year-old mastermind of an “international” and “vast” French crypto scam to four years in prison. The scam, which was designed to dupe victims in France and Israel, resulted in at least 14 victims losing over $375,000. According to Le Parisien, the criminal and his associates came up with a “particularly sophisticated scam” that involved posing as a well-known French hedge fund manager and trader named Pierre Andurand. The criminals obtained an “old file” from a defunct crypto trading platform that contained the names and contact details of the victims. The fraudsters then approached

DeFi protocol Mango Markets
1 year ago 2 mins read

Mango Markets Exploiter Refuses to Return Bug Bounty Paid as Disputed Funds

Avraham Eisenberg, the alleged exploiter of the decentralized finance protocol Mango Markets, is seeking to retain his share of cryptocurrency gained from his so-called “highly profitable trading strategy.” On February 15, Eisenberg’s attorneys filed a motion in a New York District Court objecting to a lawsuit from Mango that seeks $47 million in damages plus interest, starting from the time of Eisenberg’s October attack, which drained around $117 million from the protocol. Eisenberg’s attorneys argued that their client shouldn’t have to pay back any more funds to the DeFi platform, as a settlement agreement had been reached with Mango DAO,

Napster Takes Web3 Leap with Acquisition of Mint Songs
1 year ago 1 min read

Napster Expands Web3 Presence with Acquisition of Mint Songs

The Napster brand, known for its controversial peer-to-peer music-sharing platform in the late 90s and early 2000s, is taking its next step into Web3 with the acquisition of startup Mint Songs. Napster announced its move into blockchain last June with a plan to launch a token using the Algorand blockchain, and today, the Mint Songs acquisition will be the foundation for the company’s first Web3 offerings. Mint Songs co-founder and CTO Garrett Hughes will join Napster as an advisor to help build a new platform that will offer digital collectibles and connect artists with their fans. The platform will allow

Square Enix the creators of Final Fantasy
1 year ago 1 min read

Square Enix, the creators of Final Fantasy to Release NFT Game on Polygon Blockchain

Japanese video game publisher Square Enix, the creators of Final Fantasy, Dragon Quest, and Kingdom Hearts, has announced that it will launch its upcoming NFT-based game, Symbiogenesis, on Polygon. The company previously stated that the game would launch on Ethereum, but has now chosen Polygon due to its faster transaction speeds, low gas fees, and user-friendliness. Symbiogenesis will feature 10,000 character NFTs tied to strategic game mechanics, along with other NFTs, but owning a character NFT is not required to play the game. The game takes place on a floating continent above a polluted future Earth, where a dragon threatens

Celsius Creditors Take Legal Action Against Ex-CEO Alex Mashinsky Over Alleged Funds Mismanagement
1 year ago 1 min read

Former Celsius CEO Alex Mashinsky Faces Lawsuit From Creditors Seeking Millions

The Official Committee of Unsecured Creditors for Celsius has filed a motion to recover millions from former CEO Alex Mashinsky and other top executives of the bankrupt crypto lender. The committee named Mashinsky, co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein, former CFO Harumi Urata-Thompson, former General Counsel Jeremie Beaudry, former head of Celsius trading desk Johannes Treutler, former VP of Lending Aliza Landes, and Mashinsky’s spouse Kristine Meehan Mashinky in the filing. The motion accused the named parties of losing millions of dollars due to negligent and self-interested operations, market manipulation regarding the CEL, and covering up for Mashinsky’s

Bitcoin Magazine Ukraine
1 year ago 1 min read

Bitcoin Magazine Ukraine Unveils Debut Print Edition

Bitcoin Magazine Ukraine has announced the release of its first printed publication, “Bitcoin. Freedom. Ukraine.” This marks a significant milestone for the publication as it expands from its online platform to the print media landscape. The magazine’s first issue is dedicated to Bitcoin and its decentralized technology, providing readers with a comprehensive dive into the Bitcoin rabbit hole. The issue will also feature a first-of-its-kind rating of bitcoin owners in Ukraine, including both well-known personalities and completely non-public Ukrainians. According to Victoria Zaichenko, publisher of Bitcoin Magazine Ukraine, “This issue is the first call, a challenge, a provocation, and an

A US District Judge has banned Sam Bankman-Fried from using VPN
1 year ago 2 mins read

Judge Bans Sam Bankman-Fried from Using VPN While Under House Arrest

A US District Judge has banned Sam Bankman-Fried, the former FTX boss, from using a virtual private network (VPN) after he admitted to using it to watch the Super Bowl while under house arrest. The judge cited the risks associated with using encrypted messaging or call applications and has amended the defendant’s release conditions, effective immediately. This move comes as Bankman-Fried’s lawyers negotiate his bail terms with prosecutors. Recently, the judge barred Bankman-Fried from using encrypted messaging apps, such as Signal, after he was accused of contacting a potential witness in his criminal case. Bankman-Fried is also prohibited from contacting

Siemens, the German engineering and technology giant
1 year ago 1 min read

Siemens Embraces Blockchain with $64M Digital Bond Offering

Siemens, the German engineering and technology giant, has issued a digital bond worth 60 million euros ($64 million) on a public blockchain, becoming one of the first companies in Germany to do so. The bond has a maturity of one year and was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in the announcement. By using blockchain, paper-based global certificates and central clearing can be eliminated, and the bond can be sold directly to

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus