Gate Ventures is proud to announce its strategic investment in double jump.tokyo Inc., Japan’s foremost Web3 gaming company, as part of a $10 million funding round led by SBI Investment. This significant investment reflects Gate Ventures’ commitment to supporting the advancement of blockchain technology and the Web3 gaming ecosystem on a global scale. The funding … Continued
The post Gate Ventures Invests...
Gate Ventures is excited to announce its strategic investment in Space and Time (SxT) as part of the company’s Series A funding round. This round marks a significant milestone for SxT and underscores Gate Ventures’ commitment to supporting pioneering technologies within the Web3 and decentralized data ecosystems. The Series A round, which was publicly disclosed … Continued
The post Gate Ventures Invests...
The much-anticipated WebX 2024 opened grandly in Tokyo, with deep involvement from Gate Web3 and Gate Ventures, and in collaboration with ACG WORLDS, and with title sponsorship from Huawei Cloud, GGI, and Japan Dao, the Web3 Vision VCxIP Summit was hosted as an official side event of WebX 2024. The summit brought together top experts … Continued
The post Gate Group Colors...
Crypto AI:CON, Europe’s leading Crypto AI conference, continues to gain momentum with an impressive lineup of sponsors, partners, and speakers. Organized by Lunar Strategy, the event is set to take place on November 14-15, 2024, at the LX Factory in Lisbon. On August 19, 2024, it was revealed via a tweet that ICP had partnered … Continued
The post Crypto AI:CON Gains...
Vanilla Finance, an innovative exchange, has formed a strategic partnership with Catizen, a top-rated game on Telegram backed by Binance Labs. This partnership, which also includes the play-to-earn game NotCoin launched on Binance, will involve referral systems and various strategic collaborations to enhance both platforms’ offerings. Vanilla Finance is the 1st exchange that lets you … Continued
The post Vanilla Finance Has...
Pure.cash countdown begins: game-changing protocol launches within a week. The project is built on Ethereum and aims to revolutionize the crypto industry, offering more than just a decentralized version of Ethena. Highlights From a fundamental perspective, Pure.cash is a decentralized version of Ethena, employing a delta-neutral strategy utilizing perpetual contracts to issue the stablecoin PUSD. … Continued
The post Pure.cash: More Than...
OverProtocol, a Layer 1 blockchain, has successfully activated its mainnet on September 4th. The project aims to create a user-friendly environment where anyone can easily participate in new P2P financial systems without requiring specialized expertise. The core development team, Superblock, has raised $8 million in funding to develop this blockchain, focusing on node optimization techniques … Continued
The post OverProtocol Successfully Launches...
Charles Lam Chung Yiu has been banned for life by the Securities and Futures Commission due to misconduct.
Securities and Futures Commission has banned Charles Lam Chung Yiu from any financial activities for life. The SFC found Lam guilty of serious misconduct after an investigation.
Misconduct Details
Apps.sfc.hk reports that the investigation found Lam to have engaged in dishonesty, such as falsifying documents or misappropriating funds from clients. The actions violated not only industry standards, but also the integrity of financial markets.
The Ban and its Implications
The SFC's lifetime ban is a sign of its strong position against unethical conduct in the financial industry. The SFC hopes to discourage similar misconduct by imposing severe penalties and maintain the trust of the public and investors in the regulatory framework.
Related Developments
The SFC has increased its efforts in recent years to combat financial fraud. This case comes after a string of high-profile penalties and bans imposed against individuals and companies found guilty of similar crimes. The regulatory body continues its emphasis on the importance of accountability and transparency in maintaining an efficient and fair market.
Analysts believe that these strict actions are essential for protecting the integrity of financial systems and investor interests. The SFC's continued vigilance reminds industry participants of the serious consequences of unethical conduct.
Visit the official announcement at apps.sfc.hk for more information.