Marcus Mølleskov’s Post

Imagine making a financial transaction or placing a bet online, and it takes longer than expected. Frustrating, right? This is where the marvel of 400GbE networks steps in, revolutionising finance markets and iGaming by promising lightning-fast speeds. But there's a catch. Speed is nothing without reliability and a seamless user experience. As we venture into this era of ultra-fast internet, the importance of observability solutions cannot be overstated. We're not just talking about monitoring networks; we're talking about a comprehensive understanding of every packet, every pathway, and every potential pitfall in real-time. Why? Because in the high-stakes world of finance and iGaming, every millisecond counts. A delay, a glitch, or an unexpected downtime can mean the difference between a profit and a loss, a win or a miss. Observability solutions offer the microscope we need to examine our networks with unprecedented precision. But here’s the lesser-known aspect - it's not just about keeping the lights on. It's about refining the user experience, about ensuring that every transaction is not just fast but also secure and reliable. It's about providing peace of mind to users who trust us with their time, money, and expectations. So, as we embrace these state-of-the-art networks, let's also champion the adoption of advanced observability solutions. Because ensuring the quality of experience and reliability in this fast-paced digital world is not just necessary, it's imperative. Let's discuss: How is your organisation preparing for the observability challenges in the era of 400GbE networks? Share your insights and let's learn from each other.

Dubai’s crypto regulator cracks down on unlicensed firms Dubai’s Virtual Assets Regulatory Authority issued fines ranging from $13,600 to $27,200 to seven entities operating without licenses or breaching marketing regulations. Dubai’s crypto regulator has initiated a crackdown on unregulated crypto companies and firms violating its marketing rules. On Oct. 9, Dubai’s Virtual Assets Regulatory Authority (VARA) issued fines and cease-and-desist orders to seven businesses for breaching marketing regulations and operating without required licenses. VARA said it’s conducting further investigations in collaboration with other local authorities. The regulator did not specify which companies have received the sanctions. VARA warns the public to avoid unlicensed crypto firms In the announcement, the crypto regulator also warned the public to “avoid engaging with unlicensed firms.” VARA said that interacting with unregulated entities exposes users and institutions to reputational and financial risks. The regulator also said that interacting with such service providers has potential legal consequences. VARA underscored that only licensed firms can provide virtual asset services in and from Dubai: “VARA will not tolerate any attempts to operate without appropriate licenses, nor will we allow unauthorized marketing of virtual asset activities. Our marketing regulations further emphasize Dubai’s commitment to ensuring transparency and always protecting stakeholder interests.” ... https://lnkd.in/dNg77Eay

CoinpayU is real or fake? Introduction to CoinPayU What is CoinPayU? How does CoinPayU function?    2. Is CoinPayU Legit? Overview of CoinPayU's authenticity Variables to consider    3. Proof of CoinPayU's Authenticity Client tributes Payment Proof Organization foundation    4. Tending to Questions and Concerns    5. Benefits of CoinPayU Benefits for clients Potential open doors for procuring    6. The most effective method to Utilize CoinPayU Join Process Exploring the stage Procuring techniques    7. Ways to Boost Income on CoinPayU Procedures for progress Keeping away from normal mix-ups    8. Correlation with Comparative Stages Standing out CoinPayU from different destinations Special highlights of CoinPayU    9. Conclusion Is CoinPayU Genuine or Counterfeit? Divulging Reality In the domain of web-based acquiring open doors, doubt frequently emerges concerning the authenticity of stages promising financial prizes. One such stage that has gathered consideration is CoinPayU. With cases of allowing clients to acquire digital money, questions unavoidably emerge: Is CoinPayU genuine or counterfeit? In this article, we'll dig into the profundities of CoinPayU's tasks, investigating its authenticity, usefulness, and client encounters to reveal reality. Introduction to CoinPayU What is CoinPayU? CoinPayU is an electronic stage that offers clients the opportunity to get cryptographic cash through various activities like evaluating commercials, completing examinations, and participating in offers. Shipped off in 2019, CoinPayU has obtained a reputation among individuals attempting to acquire modernized assets. How does CoinPayU function? CoinPayU works for a straightforward reason: clients take part in undertakings given on the stage and procure digital currency as a prize. These undertakings include cooperating with ads, yet clients can likewise procure through references and other limited-time exercises. Is CoinPayU Legit? The subject of CoinPayU's authenticity is a legitimate one, taking into account the pervasiveness of tricks in the web-based procuring space. In any case, a few elements propose that CoinPayU is without a doubt a real stage. Overview of CoinPayU's Authenticity CoinPayU works straightforwardly, furnishing clients with itemized data about its activities, installment strategies, and terms of administration. Moreover, the stage has been dynamic for a very long time, keeping a positive standing inside the digital currency local area. Read More and Earn Money Online with proof: https://lnkd.in/ddPfdVtK

Yet another state targets 2025 for Wallet rollout. This would be either a precursor to or the Wallet mandated by the European Digital Identity Framework. As noted we are seeing similar plans targeting 2025 from a lot of the states where as the legal obligation will come into force in 2026/2027. This is fundamentally caused by an increasing awareness of this not primarily being a legal obligation but a fundamental advantage to be captured by industry as well as important for digitalisation generally. We have previously seen major states move based on calculated positive impact of serval percent on the GDP. Now several percent is not small money.... https://lnkd.in/ddnNNZes

What does a 'regulatory first' approach mean for our customers? In short, your assets are your assets. At One Trading, there is no offshore business, hidden accounts, or intermediaries. We prioritise protecting our investors' interests, customer protection, and market integrity. We offer a transparent and compliant experience for our customers, enabling them to trade with the assurance and security of traditional finance. We hold a registration as virtual asset service provider (V.A.S.P.) in Italy with the O.A.M. and have an ongoing licence application process as a MiFID II investment firm in the Netherlands. onetrading.com

How could a token-based digital euro look like and why would it be a good idea?   🔑 A “token-based” digital euro would record and store each euro unit individually in a central ledger, i.e., a database only accessible for the central settlement system of the Eurosystem. Euro units stored in this central ledger can have any random amount, e.g., 0.777 euro. The number of euro units recorded is driven by the volume of digital euros in circulation and could hence be very high. Each euro unit exists only once, from its creation to its destruction through a transaction. For each euro unit, a one-time cryptographic key pair is created and required for a transaction. The public key is the one-time public address to store the token, the private key is the corresponding one-time credential to prove ownership. The central settlement system is aware of all valid key pairs but not of its owner.   🔄 Imagine Alice sends 10.0 euros to Bob. Alice uses three of her euro units, e.g., of 5.0, 3.5 and 3.0 euro - total value 11.5 euro. Alice’s intermediary provides the three key pairs to the settlement system to find the euro units in the ledger and prove ownership. The settlement system validates the transaction, destroys the three existing euro units and creates two new euro units: 10.0 euros for Bob and 1.5 euros as change for Alice. The settlement system records the new units under the two new public keys.   🏦 In an account-based model, the digital euro would be stored as a sum in individual user accounts. The number of accounts is driven by the number of users. For a transaction, the user would need to proof his rights to his account by providing a permanent identification number to the settlement system. Therefore, a mapping between individual users and accounts is required.   There are clear advantages for a token-based model over an account-based model: 🚀 Scalability: As each token can be accessed and transacted individually and in parallel, scalability is built in by design. With an account-based model, transactions need to be settled one after the other, as each new transaction needs to first check the actual availability of funds. 🔒Privacy: A token-based digital euro would only use one-time cryptographic key pairs. No permanent identifiers are needed for the central ledger, hence its ability to derive any privacy related information is limited by design. In an account-based model the central ledger would manage permanent individual user accounts with permanent user IDs which would open possibilities to derive sensitive privacy information. 🏔️Innovation: A token-based digital euro could position Eurozone intermediaries at the forefront of the coming “token-economy”. A token-based digital euro could hence act as catalyst in transforming European financial markets and contribute to more innovation, competitiveness, and efficiency.   What do you think – is a token-based digital euro a good idea?   #digitaleuro #CBDC #decodingdigitaleuro #Accenture

Calling all Netherlands Gambling operations! 📢 With new regulations due, the team have been looking at how we can assist to ensure an efficient solution that will perform frictionless checks within a fraction of the time. We can improve your current processes, save analysts valuable time, and help you scale to meet an ever-changing regulatory landscape. Our solution, Scout®, automates the acquisition and aggregation of data, which includes the ability to perform customisable open-source checks, whether that be looking for potential property valuations, source of funds, occupation verification or adverse media checks. As well as the above data, Scout® has the ability to bring in APIs from third-party data suppliers, or even upload your own data into the platform. All this data can then be risk assessed by Scout® to help your analysts identify any immediate risks, therefore allowing the prioritisation of workloads. Through Scout® you are able to: - Integrate the solution via API to provide further efficiencies. - Bulk upload players who have hit a thresholds so multiple checks are performed at once. - Ensure that the results are compiled into automatically generated, auditable reports. If you’d like to know more, or have any questions. Please email - sales@synalogik.com or reach out to Sam Fellows Romany Edge Gareth Mussell Andrew Booth

Push notifications in financial services platforms could become Illegal. The UK's financial services authority is closely monitoring retail trading platforms. The authority created its experimental trading app to mimic existing platforms. The findings revealed that digital engagement practices (DEPs) used by trading apps, such as push notifications and prize draws, increased the number of trades by 11% and 12%, respectively. Here are other findings as well: ▫️Push notifications, points, and prize draw increased the proportion of trades in risky investments by 8% and 6%, respectively. ▫️ Low financial literacy traders increased their trades much more than high financial literacy traders due to price push notifications. ▫️ Women increased their trading frequency by more than men when push notifications and points & prize draws were introduced. ▫️ Younger traders (18-34) increased their end-of-trading portfolio riskiness by more than older participants (35+) across all DEPs (except flashing prices). ▫️ 70% of Millennial and Gen Z households are investing or speculating. How you could use this information? - If you have a financial institution, consider your readiness for future compliance. - If you are a trader, consider monitoring brokerage firms as they face more scrutiny - If you are in crypto, Web3, consider structures that might increase gamification based on those numbers. - If you are an entrepreneur, this information can help you steer your startup. Follow Rami Alame and ♻️with your network if you found this useful.

SEBI’s Policy Measures to Combat Dabba Trading, Front Running, and Unregistered PMS Activities 🔍 SEBI’s Comprehensive Regulatory Action: Addressing Dabba Trading, Front Running, and Unregistered PMS Activities 🔍 The Securities and Exchange Board of India (SEBI) has recently intensified its regulatory measures to combat illegal trading practices, specifically targeting Dabba Trading, front running, and the proliferation of fraudulent financial influencers (finfluencers) engaging in unauthorized Portfolio Management Services (PMS). This technical note delves into SEBI’s policy framework and the strategic enforcement actions aimed at curbing these illicit activities. SEBI’s Regulatory Framework and Enforcement Actions: 1. Ban on Virtual Trading Apps: SEBI’s policy bans apps that offer virtual trading services with real-time market data but do not involve actual financial transactions. This measure is designed to prevent speculative trading behaviors and mitigate the risk of misleading investors. 2. Regulation of Portfolio Management Services (PMS): SEBI mandates that only entities registered with the Board are authorized to provide PMS. This regulation ensures that PMS providers adhere to stringent compliance requirements, safeguarding investors’ interests and maintaining market integrity. Unregistered individuals offering PMS services are in clear violation of SEBI’s regulations. Addressing Dabba Trading: 1. Disruption of Unregulated Trading Platforms: Dabba Trading operates outside the formal exchanges, using unregulated networks to facilitate illegal trades. SEBI’s ban on virtual trading apps disrupts these platforms, significantly limiting the opportunities for Dabba Trading activities. 2. Enhanced Surveillance and Enforcement: SEBI’s policy includes enhanced surveillance measures to detect and prevent Dabba Trading. By leveraging advanced monitoring technologies, SEBI can identify suspicious trading patterns and take swift enforcement actions against violators. Combating Front Running and Fraudulent Finfluencers: 1. Regulatory Action Against Front Running: Front running, where individuals with privileged information trade ahead of large orders to profit illegally, is a significant concern. SEBI’s increased regulatory scrutiny and enforcement actions aim to detect and penalize such practices, ensuring a fair trading environment. 2. Crackdown on Unregistered PMS and Fraudulent Finfluencers: Many finfluencers have emerged, offering unauthorized trading advice and managing portfolios without SEBI registration. SEBI’s policy mandates strict action against these individuals, including legal penalties and bans from market participation. This measure ensures that only registered and compliant entities provide financial services. #SEBI #DabbaTrading #FrontRunning #Finfluencers #PMS #InvestorProtection #MarketIntegrity #FinancialRegulation

The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning about the Solana-based “Retardio” project, citing concerns over unauthorized financial promotions and activities targeting UK consumers. On Dec. 16, the UK’s Financial Conduct Authority (FCA) posted a warning against the Retardio project, saying that the token may be providing or promoting financial services without the regulator’s permission.  The watchdog reminded consumers to only deal with FCA-approved firms to ensure adequate protection.  The Retardio project features a Solana-based non-fungible token (NFT) collection that has reportedly achieved $31 million in lifetime sales, according to CryptoSlam. Its associated memecoin, trading under the ticker “Retardio,” is valued at around $0.08 with a market capitalization of approximately $87 million, as per Dexscreener. Retardio project claps back at the FCA According to the FCA, UK-based users who deal with the Retardio project will not have access to the Financial Ombudsman Service, which settles complaints between consumers and financial services businesses.  The regulator also noted that consumers would not be protected by the Financial Services Compensation Scheme (FSCS), a service that protects consumers when financial firms go out of business. “This means it’s unlikely you’d get your money back if the firm goes out of business,” the FCA wrote.  The FCA also urged citizens to only deal with authorized firms. The regulator said that authorized firms give greater protection to consumers when things go wrong. The financial services regulator also said that users can check their registry to ensure that the company they are dealing with is authorized to conduct services in the UK.  The government agency also told consumers to report unauthorized firms by contacting their official channels.  ‘Retardio’ has issued a warning against the UK’s financial regulator. pic.twitter.com/cba5WkKnto — RETARDIO 🚀 (@retardiosolana) December 16, 2024 The memecoin and NFT project humorously responded to the FCA, saying it had “issued a warning against the UK’s financial regulator.” The response implies that UK-based users are now prohibited from using their services.  Related: FCA releases discussion paper on crypto market transparency, abuse Memecoins represent the value of attention In an interview with Cointelegraph, Animoca Brands Chairman Yat Siu discussed how memecoins capture the value of user attention, unlike traditional metrics on social platforms. The executive said that while attention on social platforms does not transparently show the value of user-generated content (UGC), memecoins work differently.  Siu said that in Web3, UGC culture is embedded into memecoins, with their market capitalization reflecting the value of the attention they gained. “If attention was a token, that’s basically what memecoins represent. And so I think of it as correlated between them,” he