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Europol, in collaboration with law enforcement from six countries, dismantled an international drug trafficking ring, seizing $26 million in cryptocurrencies and other valuables. The operation, linked to cocaine trafficking, highlighted Bitcoin's continued use among criminals, despite the rise of privacy coins. Authorities emphasized the potential of blockchain technology to aid in combating organized crime, while challenges remain due to the anonymity of crypto transactions.
SIDUS HEROES is revolutionizing blockchain gaming with its expansive space-themed metaverse, offering diverse games that blend immersive storytelling and strategic gameplay. The platform emphasizes player ownership through a dual-token economy, fostering community engagement and innovation. With upcoming titles and initiatives like SidusPad, SIDUS HEROES is set to shape the future of decentralized gaming.
MEV Bridge is set to launch MEV FLASH on December 19, 2024, a groundbreaking platform designed to democratize access to decentralized finance. Offering zero-interest loans and instant liquidity, it allows users to retain ownership of their assets while engaging in advanced financial strategies. The initiative aims to empower individuals in a rapidly evolving financial landscape, with an exclusive airdrop event, mbridge28, rewarding early adopters.
Bybit has launched a Private Wealth Management (PWM) service aimed at high-net-worth individuals and institutional clients, addressing the growing demand for sophisticated wealth management solutions in the digital asset space. The service offers tailored portfolio management, exclusive investment opportunities, bespoke asset allocation strategies, and industry-leading asset security. With a focus on risk management and market insights, Bybit aims to empower clients to navigate the complexities of digital asset investments confidently.
Bybit has launched a Private Wealth Management (PWM) service aimed at high-net-worth individuals and institutional clients, addressing the growing demand for sophisticated wealth management solutions in the digital asset space. The service offers tailored portfolio management, exclusive investment opportunities, bespoke asset allocation strategies, and top-tier asset security. With a focus on risk management and market insights, Bybit aims to empower clients to navigate the complexities of digital asset investments confidently.
UBS's CEO, Sergio Ermotti, emphasizes the bank's commitment to growth in the Middle East, driven by strong economic fundamentals rather than optimistic projections. Following its merger with Credit Suisse, UBS aims to double its growth trajectory in the region, capitalizing on the influx of wealthy individuals and ongoing economic diversification efforts in Gulf countries. The bank is focused on optimizing its operations and expanding its wealth management services, particularly in Saudi Arabia and the UAE, while integrating Credit Suisse's client base.
UBS aims to double its growth in the Middle East, focusing on economic fundamentals rather than optimistic scenarios, according to CEO Sergio Ermotti. The bank is integrating its operations post-Credit Suisse merger and anticipates significant growth driven by wealth creation and an influx of affluent individuals to the region. With a strong presence in Dubai and Abu Dhabi, UBS is poised to leverage opportunities in the evolving financial landscape of the Gulf.
The US Treasury, in collaboration with the UAE, has sanctioned two Chinese nationals and a UAE-based company for their roles in facilitating North Korean digital asset laundering. Lu Huaying and Zhang Jian allegedly converted cryptocurrency to fiat for goods destined for North Korea, while Green Alpine Trading is accused of being a front for money laundering operations linked to North Korean financial activities. North Korean groups reportedly stole between $600 million and $3 billion in cryptocurrency from 2017 to 2023 through various illicit methods.
Promeet has raised $3.1 million in pre-seed funding to enhance its platform for creator monetization, integrating videos, photos, meetings, and live streams with blockchain technology. The platform allows creators to receive instant payments, retain 90% of their earnings, and enjoy greater freedom in content sharing, all while ensuring a seamless onboarding process. With plans for team expansion and feature enhancement, Promeet aims to foster the adoption of Web 3.0 monetization across various industries.
Promeet has raised $3.1M in pre-seed funding to enhance its platform for creator monetization, integrating videos, photos, meetings, and live streams with blockchain technology. The platform allows creators to receive instant payments, retain 90% of their earnings, and enjoy greater content control without restrictions. With plans for team expansion and feature enhancement, Promeet aims to foster Web3-based monetization across various industries.
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