Blockchain Press Releases
FS-ISAC ANNOUNCES EUROPE BOARD OF DIRECTORS
Board to bolster information sharing across the European and global cyber threat landscape
THE HAGUE, Netherlands, June 27, 2023 /PRNewswire/ — FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, today announced the formation of its Europe Board of Directors. This reaffirms FS-ISAC’s commitment to protecting the global financial sector from rapidly evolving cyber threats by strengthening regional information sharing.
The Europe Board of Directors will oversee Europe-based activity as well as coordinate with the global Board of Directors to mitigate knowledge gaps based on geography. Daniel Barriuso, Group Chief Transformation Officer, Grupo Santander, will serve as the Board’s Chair.
“I’ve had the privilege of working with FS-ISAC to bolster the financial services sector’s collective defences through multiple threat cycles,” said Barriuso. “As the first Chair of the Europe Board of Directors, I look forward to strengthening the real-time information sharing community so critical to our sector’s resilience in today’s cyber threat landscape.”
In addition to helping to deepen FS-ISAC’s intelligence, security, and resilience work on the continent, the Europe Board of Directors will help build public-private partnerships and further relationships with other critical infrastructure sectors, including energy and telecommunications, as well as key third-party service providers. As the financial sector implements Europe’s Digital Operational Resilience Act (DORA), managing key risks such as those of the sector’s supply chain is increasingly a collaborative enterprise.
“The ever-changing cyber threat and regulatory landscape in Europe demands a localised group of experts who understand the similar markets and cultures in which we operate,” said Beate Zwijnenberg, Global CISO, ING, who serves as Director on both the Europe and global boards. “The financial services sector must come together to collectively navigate these changes and the creation of this Board is the next step in ensuring the experiences of FS-ISAC’s Europe-based members are incorporated into the global community.”
The regional leadership in Europe will also collaborate on FS-ISAC’s growing intelligence offerings in the fraud landscape, including identity fraud and business email compromise, as well as continue to discuss how generative AI is being used by malicious actors to adapt traditional cyber tactics, such as social engineering. AI has the potential to erode consumer trust in digital channels, and financial institutions need to take action to ensure the sector successfully adapts to this large-scale technological shift and the new risks that accompany it.
“Resilience of the financial services sector is not only accomplished through individual preparation, but also by a greater effort from the industry as a whole, both in Europe and around the world,” said Europe Board member Jayaraj Puthanveedu, MD, Global Head of Resilience, Cyber, and Digital Fraud, BNP Paribas. “Only the development of collective muscle memory, formed through cross-border exercising, local training, and collaboration, will build operational resilience on behalf of Europe’s financial sector and improve global response time in case of large-scale incidents.”
“Leveraging our collective knowledge and wisdom is crucial to staying ahead of our adversaries, avoiding re-inventing the wheel for best practices, and responding to incidents swiftly and decisively,” said Europe Board member Carsten Fischer, Deputy Chief Security Officer at Deutsche Bank. “This will undoubtedly improve the efficacy and efficiency of our threat analysis and mitigation efforts across the industry.”
“Given the borderless nature of the cyber threat landscape, it’s easy to feel that only global intelligence and global solutions are required. But it’s important to remember that markets and institutions all contain nuance based on their location,” said Steven Silberstein, CEO, FS-ISAC. “Creating this layer of board leadership focused on and specializing in Europe allows for us to better account for that nuance and enable FS-ISAC to share specific and actionable intelligence and best practices to our European members.”
Join the new Europe Board members at FS-ISAC’s 2023 EMEA Summit in Amsterdam, 6-8 November 2023. To register, click here.
About FS-ISAC
FS-ISAC is the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, protecting the financial institutions and the people they serve. Founded in 1999, the organisation’s real-time information-sharing network amplifies the intelligence, knowledge, and practices of its members for the financial sector’s collective security and defences. Member financial firms represent $100 trillion in assets in 75 countries.
Contacts for Media:
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.
The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.
Dark Visual Design and Storytelling Behind Wukong
The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.
The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.
Key Features of the Wukong Slot Game:
Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.
Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.
Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.
“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.
About BC.GAME
BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.
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Blockchain Press Releases
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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