Blockchain DXB: Crypto & Coffee at 8 ☕ 24th Oct 🚨Blockchain.com faces prosecution 👀Chainlink & Swift - new blockchain integration 💯 Binance's Gambaryan Free ⚽Football Stars in $3.2B Pyramid Scheme

24th Oct: Blockchain DXB Podcast
🚨Blockchain.com faces prosecution 👀Chainlink & Swift - new blockchain integration 💯 Binance's Gambaryan Free ⚽Football Stars in $3.2B Pyramid Scheme
🚨Blockchain.com is facing legal scrutiny in the UK for failing to file its financial accounts on time, with the last filing, for 2020, submitted only recently. The case was heard on September 25, and another hearing is scheduled for November 25. Executives Nic Cary and Al Turnball were summoned by Companies House in May for failing to submit accounts for the year ending December 2022. If convicted, the company could face unlimited fines and possible prison terms for the executives. Blockchain.com, which has reduced its workforce significantly in recent years, claims to have resolved the issue and expects it to be closed quickly. News via Decrypt http://tiny.cc/wlorzz
👀 Chainlink Revealed Groundbreaking Digital Asset Solutions at Sibos 2024.
- Chainlink and Swift will introduce a new blockchain integration, simplifying digital asset settlement for financial institutions using existing infrastructure. Official announcement can be watched here via YouTube here https://shorturl.at/SifOj Some highlights are below Chainlink Labs
-Swift Integration With Blockchains: Enabling banks to connect to blockchains using existing Swift standards and Chainlink infrastructure
-Blockchain Privacy: A new privacy suite featuring the Blockchain Privacy Manager and CCIP Private Transactions
-AI Consensus: How Chainlink, Euroclear, Swift, and 6 institutions are transforming asset servicing.
-DECO Sandbox: Bringing zero-knowledge proofs (ZKPs) to institutions
Nigeria has dropped money laundering charges against Binance executive Tigran Gambaryan, who had been detained for over seven months. The Economic and Financial Crimes Commission (EFCC) withdrew the charges, stating that Gambaryan, a U.S. citizen, was merely an employee and not in a key role at Binance. The decision, announced at a Federal High Court hearing in Abuja on October 23, may have been influenced by Gambaryan’s deteriorating health. His lawyer had repeatedly argued that Nigeria’s healthcare system couldn’t adequately treat his condition. Info via Bloomberg Law https://shorturl.at/tCpoT
⚽ Football stars Ronaldinho, Vinicius, Figo, and others face legal action for promoting Omegapro, a pyramid scheme that defrauded over 3 million customers of $3.2 billion. The platform promised 300% returns but stopped payouts after an alleged hack in 2022. Lawyer Lars Olofsson is leading a lawsuit against the players, though its success in Spain is uncertain. Two Omegapro co-founders are in custody in Turkey, while others remain at large. Info via Bitcoin.com here https://shorturl.at/dlKRQ
🟠 Two UAE news (See slides)
⚡ RAK DAO Launches Framework for Decentralized Autonomous Organizations in Free Zone
⚡ Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering

For slides click here: https://tinyurl.com/3vmcry7z
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