Blockchain Press Releases
MONEYCORP ANNOUNCES THE APPOINTMENT OF VELIZAR TARASHEV AS THE GROUP’S CHIEF EXECUTIVE OFFICER
LONDON, July 5, 2023 /PRNewswire/ — Moneycorp, one of the world’s leading cross-border payments businesses, today announces that Chief Financial Officer, Velizar Tarashev has been appointed by the Board as the Group’s next Chief Executive Officer effective immediately.
Velizar will succeed Mark Horgan, who will step down after 12 years in the role. Mark will remain on the Board of Moneycorp and will assume the role of Deputy Chairman in early 2024.
Velizar has a long track record of successful execution in regulated financial services. Before joining Moneycorp in 2021, he spent more than a decade at Barclays in various leadership roles including Finance, Strategy and Technology.
Alan Bowkett, Chairman of Moneycorp, said:
“Today’s announcement marks a transition to the next generation of global leadership for Moneycorp to ensure it delivers its long-term strategic objectives.
“We are delighted that Velizar will lead the company into the future. Velizar is an established leader with an impressive track record of delivery. Since joining the Group, Velizar has been instrumental in the development and implementation of Moneycorp’s strategy, business model and culture, making him the perfect candidate to take the Group forward.
“On behalf of the Board, we thank Mark for his significant contribution to Moneycorp. Under his leadership the Group has transformed from a domestic, consumer focused, analogue provider of foreign currency to an international currency solutions and payments provider. We are fortunate that Mark will continue to provide counsel to Moneycorp in a non-executive capacity as Deputy Chair.”
Mark Horgan commented:
“I hand over Moneycorp in excellent shape having overseen fundamental transformation in the size and scale of the business during my 12 years as CEO. I am very proud of all we have achieved together and am confident that the business will continue to go from strength to strength under Velizar’s leadership.”
Velizar Tarashev said:
“It is a privilege to assume the responsibilities of CEO of Moneycorp. We have a well-established strategy, best-in-class people and an excellent client base which give us significant opportunities for further growth. I look forward to leading the business as it enters its next phase, executing our strategy and delivering strong results for all stakeholders.”
Notes to Editors
About Velizar Tarashev
Velizar Tarashev joined Moneycorp as Chief Financial Officer in February 2021. He has 20 years of international strategic and operational experience for global banks and consultancies in the UK and the US. He joined Moneycorp from Barclays, where he spent 13 years in a variety of leadership roles, including CFO for Barclays Private Bank and CFO for the Operations and Technology division. Prior to joining Barclays, Velizar spent several years with UBS Investment Bank, helping establish its Banking M&A and IPO offer for the CEE region, and at AT Kearney, where he delivered strategy and operations consultancy for major FMCG and pharma brands.
About Moneycorp
Moneycorp is a world-leading cross-border payments business, recognised for its personalised service, smart technology, regulatory excellence, and its all-in-one payments ecosystem. Truly embodying our brand’s distinctive logo, the North Star, we help our clients navigate the complex global payments market. We have a presence in the United Kingdom, North America, Europe, Brazil, Hong Kong, and UAE offering a full suite of payment solutions in over 120 currencies. Further, our payment experts provide hard-to-replicate proficiency, alleviating the stress associated with navigating the complex global payments market. All in all, we are committed to innovation and building meaningful relationships.
Through our technological advancements, we have engineered an intuitive payments ecosystem allowing us to expand our services to meet ever-evolving customer needs. Whether our clients need to simply send money across borders or create a sophisticated risk management plan, we have the tools necessary to create the customised solution our clients need.
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
Crypto News Flash reports that LBank Labs has announced a strategic investment in Bedrock to revolutionize blockchain staking. This partnership signifies a significant step forward in enhancing the efficiency and accessibility of blockchain staking solutions.
LBank Labs’ investment in Bedrock underscores its commitment to driving innovation in the blockchain space and exploring new opportunities to empower users with cutting-edge staking technologies. By leveraging Bedrock’s expertise and solutions, LBank Labs aims to enhance its staking platform and offer users a seamless and rewarding staking experience.
The collaboration between LBank Labs and Bedrock holds promise for unlocking new possibilities in blockchain staking and expanding the adoption of staking services among cryptocurrency enthusiasts. Through joint efforts, both companies aim to address key challenges in the staking ecosystem and drive greater participation in blockchain networks.
Overall, the strategic investment by LBank Labs in Bedrock underscores the growing momentum behind blockchain staking and highlights the industry’s commitment to fostering innovation and advancing the capabilities of decentralized networks. As staking continues to play a crucial role in securing blockchain networks and incentivizing participation, collaborations like this are poised to shape the future of the staking landscape.
Source: crypto-news-flash.com
The post LBank Labs Announces Strategic Investment in Bedrock to Revolutionize Blockchain Staking appeared first on HIPTHER Alerts.
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