Blockchain
MetaVerse Green Exchange (MVGX) appoints Eddie Hui as COO
MetaVerse Green Exchange (MVGX), a leading digital green exchange, today announced it has appointed Eddie Hui as Chief Operating Officer (COO). Eddie joins MVGX’s executive team, alongside Executive Chairman Dr. Bo Bai in defining the direction of the business.
In this role, Eddie will lead crypto-related initiatives with the aim of creating a bridge between the traditional finance and the digital asset world. This will allow clients to gain exposure to cryptocurrencies while having the assurance of operating within a regulated framework.
Eddie’s priorities lie on enhancing client experience and satisfaction, operational excellence, risk management and the sustainable development of MVGX. With the support of the operational department, Eddie is looking to mobilize the team to achieve MVGX’s long term goals of bridging crypto assets with traditional financial industries, bridging carbon trading markets from different jurisdictions, and bridging illiquid assets in real economy with wider investor accessibility.
With over 20 years of experience in the financial industry, Eddie has worked for leading global investment bank, Société Générale for most of his career. He started in IT, working as a system and network administrator in Japan and gradually moved to a management role. In 2008, Eddie started working with Front Office functions, successively occupying the roles of COO for the Proprietary Trading activity, COO for Fixed Income, Credit and FX, COO for Prime Services and more recently COO for the Equity Market Making desk, operating out of Hong Kong.
Eddie graduated in 1999 from ENSEEIHT (Ecole Nationale Supérieure d’Electrotechnique, Electronique, Informatique, Hydraulique de Toulouse), a French engineering school. He holds a Master of Science in Engineering.
As part of its ambition to strengthen its product offering, MVGX has recently expanded the application of its Non-Fungible Digital Twin (NFDT™) technology towards other products and services and has launched its Carbon Neutrality Management System, available to clients alongside cryptocurrencies and its Carbon Neutrality Token (CNT™), with plans to launch a mobile app by April.
Executive Chairman and Co-Founder of MVGX, Bo Bai, has said: “I am thrilled to welcome someone of Eddie’s caliber as our Chief Operating Officer. His wealth of knowledge and experience will undoubtedly help to strengthen and expand our business and client offering. As a leading digital green exchange, providing the infrastructure for our clients to access sustainable, impactful and innovative products is our bedrock and I am confident that Eddie’s expertise will help us take MVGX to the next level.”
Eddie Hui has said: “I am delighted to be joining MVGX at such a crucial time in the company’s expansion as the carbon markets and digital assets space continue to evolve. The team is filled with energy and momentum with a real sense of commitment to deliver and bring value to our clients and to contribute to a greener tomorrow. I am excited to be continuing the fantastic work that has already started in building a system to deliver the best results for our clients, always with the goal to help businesses meet their ESG objectives.”
“My objective is to remain receptive to our clients’ needs and to leverage on the blockchain ecosystem to provide them with the best possible solutions. With MVGX’s agility and commitment to deliver, I am confident we can demonstrate rapid growth and help with the adoption of the blockchain technology, while working towards a greener way of doing business.”
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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