The Moscow Stock Exchange is set to revolutionize the real estate investment landscape by introducing a digital financial asset (DFA) specifically tailored for the industry. This innovative development, scheduled for 2024, aims to democratize real estate investments and enable a wider range of investors to participate. Under the leadership of Sergei Kharinov, the director of
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The ongoing trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. Prince’s appearance in a Manhattan federal courtroom shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. his testimony provided valuable insights into BlockFi’s exposure to Alameda
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A former CEO of an investment firm has recently confessed to participating in a deceptive trading practice known as “cherry-picking.” This scheme involved manipulating the allocation of profitable and unprofitable trades to benefit the CEO’s personal accounts while causing losses to investors. The founder and previous CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin,
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Aditya Baradwaj, a former engineer at Alameda Research, has exposed the detrimental effects of lax security practices within the now-defunct company. Surmounting losses nearing $200 million can be attributed to the prioritization of rapid company expansion over crucial risk management protocols by the founder, Sam Bankman-Fried (SBF). According to Baradwaj, Alameda Research encountered three major
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Bitstamp, one of the leading cryptocurrency exchanges, has made the decision to discontinue its services to customers in Canada. The announcement was made by CEO Bobby Zagotta, and it is set to take effect on January 8, 2024. While the reasons behind this withdrawal remain unclear, Bitstamp expressed its gratitude towards its Canadian customers and
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