AAX Reveals Speakers at the Upcoming Hong Kong Fintech Week 2021
- AAX unveiled its groundbreaking exhibition for the Hong Kong FinTech Week 2021.
- It also revealed and confirmed the speakers for the event.
- AAX takes this as an opportunity to explore the vibrant FinTech community.
Today, AAX unveiled its groundbreaking exhibition for Hong Kong FinTech Week 2021. AAX also confirmed who are going to be the speakers in the said event. Being the event’s Diamond Sponsor, AAX aims to support the region’s vibrant FinTech community. More so, AAX took this as an opportunity to explore how the bridge between our physical and virtual worlds are transforming and progressing.
In the three-day conference, Toya Zhang, Deputy COO, Ben Caselin, Head of Research and Strategy and Anton Gulin, Country Manager of Russia, Ukraine and CIS — will all participate in discussions, regarding some of the most relevant topics in the crypto space today. The topics include Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), as well as the significance of digital inclusion.
Toya Zhang commented,
We are delighted to sponsor Hong Kong’s premier fintech conference for the first time. This event represents Hong Kong’s vibrant fintech ecosystem, but it is also a truly global platform that allows us to connect with a much broader community. The hybrid format also highlights how the future of FinTech will be driven by cross-border connections and interactions that cross the physical and virtual divide.
Furthermore, AAX will leverage its Hong Kong FinTech Week sponsorship and take visitors to experience a new frontier of creativity. Moreover, in the AAX’s exhibition stand at the event, visitors will have the chance to be a part of an NFT, which the exchange will be displayed through the week.
With that said, AAX also plans to jump into the NFT craze through the idea of crypto celebrity ‘gods’ and their influence in the market.
As mentioned, AAX revealed that some of their members will be speaking at the exhibition, in five sessions:
It is important to note that AAX is the world’s first crypto exchange that is powered by LSEG technology. Notably, it is the first to shift to the Satoshi Standard (SATS), intending to drive the adoption of .
Suffice to say, AAX is a first-time sponsor to the global premier conference. Ben Caselin also expressed his thoughts, saying:
We are proud to have emerged as part of Hong Kong’s vibrant digital asset ecosystem. The conference comes at a time of accelerating change for digital assets, providing a great forum for exchanging ideas on where this increasingly mainstream asset class goes from here.
Lastly, AAX also disclosed a preview of its AAX Exhibition Space at the Hong Kong FinTech Week.
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Korea begins blocking bitcoin holdings of Terra founder
The South Korean prosecutor’s office appealed to local cryptocurrency exchanges to block the assets belonging to Terra founder Do Kwon. Bloomberg writes about it citing law enforcement officials.
The prosecutor’s office sent demands to cryptocurrency exchanges KuCoin and OKX to freeze a total of 3,313 BTC worth about $67 million, which are owned by Kwon through Luna Foundation Guard. Representatives of KuCoinand OKX at the time of writing had not officially commented on the reports about the blocking of Kwon’s assets.
According to Bloomberg, citing research firm CryptoQuant, the LFG wallet address was created on September 15. After its creation, a total of 3,310 BTC were moved to KuCoin and OKX. Meanwhile, back on September 14, the South Korean prosecutor’s office announced an arrest warrant for Terra coin.
Meanwhile, Do Kwon continues to assure the cryptocurrency community via Twitter that he is not hiding from law enforcement. Moreover, the founder of Terra even questioned whether he was wanted by Interpol. He noted that he still can’t find himself on the Interpol wanted list.
Earlier we reported that the head of Celsius Network, Alex Mashinsky, had resigned.
Revolut and cryptocurrency news: Revolut received a license from the UK regulator for cryptocurrency services
Fintech broker Revolut can now provide cryptocurrency services in the UK thanks to a license from the Financial Conduct Authority (FCA). This is reported on the website of the regulator. Revolut and cryptocurrency were not previously linked.
In fact, the broker received approval from the regulator back on Monday, September 26, but it has become known only now. Before the license, Revolut provided cryptocurrency services through a temporary permit from the FCA. In addition to Revolut, CEX.IO, Copper Technologies, GlobalBlock and Moneybrain also provided crypto services on a temporary basis.
Revolut has long been exploring the expansion of cryptocurrency-related services. According to Revolut CEO Nikolai Storonsky, the company has been exploring options to introduce new services like Revolut cryptocurrency wallet. Revolut was also looking at integrating cryptocurrency stacking. However, it remains unclear whether the broker still plans to provide such services.
Earlier we reported that the head of FTX wants to buy the assets of the bankrupt Celsius Network.
U.S. exchange regulator fines Tether auditor company $1.5 million
Tether auditor company, Friedman LLP, was fined $1.5 million for improper services from 2017 to 2020. This was reported in a press release from the U.S. Securities and Exchange Commission (SEC).
According to the exchange regulator, the Tether auditing company didn’t properly develop audit procedures in its work for the iFresh product network. The company also didn’t exercise the necessary due diligence in auditing another unnamed company. Although the press release does not explicitly identify Tether, the issuer of the USDTstablecoin, as Tether, Friedman’s firm was Tether’s auditor from just 2017 to 2018.
Tether full audit
Earlier, a New York County court required Tether to disclose the USDT Stablecoin’s collateral and prove the assets linkage to the U.S. dollar. According to the court order, Tether is required to provide the company’s financials, income statements, cash flow statements, and so on. However, the time frame in which Tether must provide the statements is not specified.
The lawsuit is part of a legal battle between investors and Tether’s parent company, iFinex. The plaintiffs believe that Tether manipulated the cryptocurrency market by issuing unsecured USDT with the intention of artificially inflating cryptocurrency prices.
Earlier we reported that Vitalik Buterin announced the release of his book.
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