Blockchain
Eventus Systems appoints Joseph Schifano to new role of Global Head of Regulatory Affairs
Eventus Systems, Inc., a multi-award winning global trade surveillance and risk management software platform provider, today announced the appointment of Joseph Schifano as Global Head of Regulatory Affairs, Mikhail Gasiorowski as Sales Director, North America, and Diane Imas as Director of Marketing. Schifano is an attorney with more than 20 years of experience in market surveillance matters, most recently as Deputy General Counsel and Global Chief Compliance Officer (CCO) of Tower Research Capital in New York, along with senior regulatory roles at two global banks and the New York Stock Exchange (NYSE).
Schifano, Gasiorowski and Imas are all based in New York and report respectively to Eventus President Jeff Bell, Global Head of Sales Scott Schroeder and Chief Strategy Officer Eric Einfalt. The three new roles are the latest in a series of strategic hires this year as part of the firm’s aggressive growth strategy facilitated by a successful investment round that closed in February.
Eventus CEO Travis Schwab said: “Joe brings outstanding experience to this important new regulatory affairs role, with expertise across the legal, compliance, supervisory, risk management and technology landscapes. Mikhail already has a strong track record running North American Sales in the trade surveillance space, and Diane is another great addition to the firm with her hands-on integrated marketing experience in the fintech and financial services sector. We’ve been very fortunate at a time when many companies are contracting to add significant depth to our talented team.”
Schifano said: “I met Travis and Jeff when Eventus was just starting out and have been impressed with the Validus platform from those early days. I look forward to partnering with our key client stakeholders – as a former CCO who understands their perspective – to continually assess and improve their experience, generate ideas for new functionality and products based on marketplace intelligence, and ensure we stay ahead of global regulatory developments that impact clients’ businesses.”
At Tower, Schifano led the global compliance team covering proprietary trading activity in electronic markets worldwide. Prior to his appointment as Global CCO, Schifano served as Head of Americas Compliance. He joined Tower as Counsel in 2014. Previously, he was Vice President, U.S. Markets in the Legal Department at the NYSE, responsible for advising the exchange’s affiliates on rule interpretations, regulatory exams and regulatory reporting. Prior to joining NYSE in 2013, Schifano served as Director, Equities Supervision – Americas at Barclays Capital Inc. in New York. He spent more than 10 years at UBS Securities LLC in a number of roles including Regulatory Attorney, Head of Customer Service and Regulatory Affairs Officer. Schifano received a Bachelor of Science degree in Applied Social Sciences and Business from Binghamton University in Vestal, New York, and a Juris Doctor from New York Law School.
For more than two years beginning in early 2018, Gasiorowski was Director of Sales, North America for b-next Americas, Inc., a provider of software solutions for capital markets trading surveillance and compliance. For six years prior, he served in the same role at Business Connect China, Inc., an independent research provider focused on China and the emerging markets. From 2008 to 2011, Gasiorowski was in sales at UBS Investment Bank, in roles related to exchange-traded derivatives and prime services clearing. Gasiorowski received a Bachelor of Arts Degree in economics from the University of Pennsylvania.
Imas has a decade of communications experience in New York in roles spanning marketing, public relations (PR) and investor relations (IR). Prior to joining Eventus she was Associate Director of Brand, Advertising and Content for Prometheum, Inc., a blockchain securities platform. She previously served as Senior Director of Communication, Business Development for a global initial coin offering (ICO) company, as blockchain technology first entered the financial marketplace. From 2011 to 2018, she worked at several PR, marketing and IR firms including Cognito Media, Peppercomm and KCSA Strategic Communications. Imas began her career at The Week Magazine. She is the New York City community partner for the FinTech Connector, a professional membership network connecting fintech start-ups and entrepreneurs with global professionals, organizations and investors. Imas earned a Bachelor of Science degree in public relations from Boston University’s College of Communications and has a certificate in digital marketing from Columbia Business School.
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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