practices

Dynamic Coalition on Blockhain Becomes ‘DAO’

  The United Nations Secretary-General convenes the Annual Internet Governance Forum (IGF). The forum features intersessional groups working on diverse internet governance topics. Among these groups, the Dynamic Coalition on Blockchain Assurance & Standardization (DC-BAS) just made history. On August 26, 2024, DC-BAS adopted Bylaws and technology to become the first global Decentralized Autonomous Organization (DAO) within the UN IGF framework. Dino Cataldo Dell’Accio, the UN Joint Staff Pension Fund’s Chief Information Officer, praised this as a “groundbreaking step forward in public sector governance.” He highlighted how the DAO showcases blockchain’s potential to

Speculation on the Bad Actors Behind the Compound Finance Exploit: Who’s Really to Blame?

The recent governance exploit on Compound Finance, leading to a staggering $25 million loss, has sparked a fierce debate within the crypto community. Who are these elusive perpetrators, and what are their motives? While concrete evidence remains elusive, we can delve into the murky waters of speculation, examining potential bad actors and their motivations. Brace yourselves—this analysis is bound to stir strong opinions. Potential Bad Actors: Who Could Be Behind the Exploit? Insider Threats: The Betrayers Within Understanding of the System: Let’s not kid ourselves—those with insider knowledge of Compound

Compound’s Hack Cause for Reflection: Understanding the Past, Present, and Future Implications for DeFi and Crypto.

Compound Finance, one of the most prominent platforms in the decentralized finance (DeFi) space, has recently experienced a significant security breach, resulting in a $25 million loss. This event is not an isolated incident; Compound has faced several notable hacks and exploits over the years. Each of these incidents has not only impacted the platform but has also revealed critical vulnerabilities and posed significant challenges for the broader crypto ecosystem. This article explores the details of the recent governance exploit, reviews previous hacks, and discusses the broader implications for DeFi

SUMMER WEB3FEST 2024: A Resounding Success and a Glimpse into the Future

Crypto Valley, Switzerland - The Swiss WEB3FEST 2024 has concluded with outstanding success, setting new benchmarks in the world of blockchain and WEB3 innovation. From June 5-13, 2024, the event brought together an impressive 4500 attendees, 200 speakers, and 50 exhibitors across 28 events. Some highlights of the festival was the participation of Edward Snowden and the Crypto Valley Visionaries list, honoring the pioneers and innovators of the blockchain space. This year’s festival was embedded around the pivotal Crypto Valley Conference in Switzerland, combining several ecosystems and welcoming both national

Grizzly Research Releases Coverage Report on GigaCloud (NASDAQ:GCT)

New York, May 22, 2024 – Grizzly Research has released a comprehensive coverage report on GigaCloud Technology Inc. (NASDAQ: GCT). The report provides an in-depth analysis of GigaCloud’s business operations, highlighting several areas of concern regarding the company’s financial reporting and operational practices. A copy of the report can be found here: Grizzly GCT Report Key Findings: 1.Discrepancies in Gross Merchandise Value (GMV): While GigaCloud reports significant growth in GMV, web traffic data for its B2B marketplace, GigaB2B, indicates low activity. At its peak, the site had only 1,000 visits

CLEO Welcomes former Binance NFT Director Ryan Horn as Global Partnerships Lead

CLEO, a pioneering RWA (real world asset) technology platform leveraging Web3 to fuse real-world impact with digital asset utility and NFTs, proudly announces the addition of Ryan Horn to its team. As the former Binance NFT Director and a recognized leader in the realms of sports, entertainment, and brand crypto strategies, Ryan will serve as a key advisor and lead for global partnerships. Launched in 2023 with its Marketing for Good proposition (rewarding a prospect’s attention for a tokenized good in the world) and having already onboarded clients such as

Moxy.io Welcomes Former UBS CFO Thomas Gustinis to Its Executive Team and to the board of the Moxy Foundation

Zug, Switzerland – Moxy.io proudly announces the appointment of Thomas Gustinis, a key figure in treasury management of UBS, as its previous Global Chief Financial Officer. This landmark hire underscores Moxy.io’s ambition to fortify its leadership team with unparalleled financial expertise and vision, propelling the company towards new horizons in the competitive blockchain and gaming industries. Thomas Gustinis brings to Moxy.io a storied career in global finance, having helmed UBS's treasury operations, where he was instrumental in steering the banking giant through complex financial landscapes and maximizing operational efficiency and

AYA and Blockpass Collaborate to Ensure Compliance and Security in a Green Tech Future

HONG KONG, Mar 6, 2024 - (ACN Newswire) - Blockpass is excited to announce a partnership with AYA, a regulated UAE-based fundraising platform focused on the intersection of blockchain and sustainability. Concerned with facilitating innovative solutions which encourage a greener future, AYA mentors and cultivates projects which combine the borderless, transparent nature of blockchain to further the goal of sustainablility and achieving the SDGs. This partnership will see Blockpass strengthening AYA's compliance procedures and providing: risk assessment and risk classification of onboarding customers, customized forms based on the customer's and

Verofax facilitates Egyptian EU Export with CBAM Compliance and Lifecycle Assessment Solutions

  Egyptian Businessmen's Association (EBA) convenes export symposium on February 9 CAIRO, Feb 15, 2024 - (ACN Newswire) - The Egyptian Businessmen's Association (EBA) convened a symposium on February 9, chaired by Engineer Majd al-Din al-Manzalawi, Secretary-General and Chairman of the Association’s Industry and Scientific Research Committee, to address the challenges and opportunities presented by the Carbon Border Adjustment Mechanism (CBAM), a law governing manufacturing standards for Egyptian exporters. [caption id="attachment_1874375" align="alignnone" width="780"] The Egyptian Businessmen's Association (EBA) convened to discuss the importance of technology in keeping factories compliant with export