Latest news with #BritishVirginIslands
Bloomberg
36 minutes ago
- Business
- Bloomberg
Ukrainian Tycoons Lose UK Suit Over Privatbank Fraud
Ukrainian tycoons lost a London court ruling over a fraud that cost the lender Privatbank Commercial Bank PJSC billions. The bank sued the ex-billionaires Igor Kolomoisky and Gennady Bogolyubov in 2017 alleging the former owners funneled $1.9 billion through 'sham' loans and trade documents to secretly owned companies in England and British Virgin Islands between 2013 and 2014. Both denied the allegations.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Odyssey (ODS) Surges After Listing on LBank Exchange
Road Town, British Virgin Islands--(Newsfile Corp. - July 28, 2025) - LBank Exchange, a leading global digital asset trading platform, officially listed Odyssey (ODS) on July 8, 2025, at 06:00 (UTC). The ods/usdt trading pair is accessible at: According to LBank market data, ODS has surged since its listing. ODS Listing Banner To view an enhanced version of this graphic, please visit: Introducing Odyssey: Web3 Infrastructure for AI-Integrated Data Ecosystems Odyssey (ODS) is building a decentralized, AI-integrated infrastructure for a future defined by machine intelligence, data sovereignty, and trustless collaboration. With a vision to construct the next-generation data economy, Odyssey connects intelligent agents, dApps, and data sources into a unified Layer 1 ecosystem. Powered by its Layer 1 blockchain and the native token ODS, the platform facilitates frictionless data exchange, and AI model deployment, for both contributors and consumers. Odyssey has been designed to enable scalability, modularity, and privacy — all critical elements for real-world AI applications and data coordination. Key Features and Use Cases Odyssey's architecture unlocks a new class of intelligent Web3 use cases: Agent-Oriented Smart Contracts: Built to natively support autonomous AI agents operating within smart contracts, enabling self-learning, adaptive applications. Decentralized Data Marketplaces: Secure and efficient exchange of on-chain and off-chain data between AI services, users, and enterprises. Multi-Chain Compatibility: Interoperable with Ethereum, BNB Chain, and other major ecosystems, allowing developers to leverage Odyssey without compromising on reach or functionality. On-Chain AI Deployment: Developers can register, audit, and monetize machine learning models directly on the Odyssey chain, democratizing access to AI infrastructure. ODS Token Utility The ODS token fuels every aspect of the Odyssey ecosystem. Core functionalities include: Staking and Validation: Node operators must stake ODS to participate in consensus, ensuring security and decentralization. Gas and Transaction Fees: All on-chain operations, including AI model interactions, agent contracts, and data storage, are paid in ODS. Governance: Token holders can vote on critical upgrades, funding allocations, and protocol-level changes. Tokenomics Overview The ODS token supply has been structured to support long-term sustainability and decentralized growth. Key allocations include: Ecosystem Growth: 35% Staking Rewards: 25% Team and Advisors: 15% Community and Marketing: 15% Liquidity and Exchange Listings: 10% The Road Ahead Odyssey's development roadmap outlines an ambitious yet focused vision: Q2 2025: Launch of Odyssey's mainnet and agent-compatible smart contract framework. Q3 2025: Integration of decentralized data markets and cross-chain interoperability bridges. Q4 2025: Full deployment of AI model registry, with audit and monetization features enabled. 2026 and Beyond: Expansion into enterprise adoption, AI agent evolution, and public chain partnerships. By seamlessly blending AI innovation with decentralized architecture, Odyssey is shaping a future where intelligent systems can operate trustlessly, exchange data securely, and aim to create value transparently. Learn More about Odyssey (ODS) Website: About LBank Founded in 2015, LBank is a top crypto exchange offering financial derivatives, asset management, and secure trading. With over 15 million users across 210+ regions, LBank ranks in the top 20 for spot trading and top 15 for derivatives trading globally, ensuring fund integrity and supporting global crypto adoption. Leveraging its acute market insight and expertise, LBank always takes the lead in spotting and listing Alpha altcoins. Start Trading Now: Community & Social Media: Telegram Twitter Facebook LinkedIn Instagram YouTube Press contact: press@ Business Contact: LBK Blockchain Co. Limited LBank Exchange marketing@ business@
Globe and Mail
6 days ago
- Business
- Globe and Mail
Wowbit (WWB) Is Now Available for Trading on LBank Exchange
Road Town, British Virgin Islands--(Newsfile Corp. - July 24, 2025) - LBank Exchange, a leading global digital asset trading platform, officially listed Wowbit (WWB) on July 24, 2025, at 09:00 (UTC). The WWB/USDT trading pair will be accessible at: To view an enhanced version of this graphic, please visit: Introducing Wowoo: Blockchain-Powered Token Ecosystem for Social Impact Wowoo is a next-generation token protocol designed to translate social impact into digital value. In a world where currencies represent profit and power, Wowoo introduces WWB (Wowbit Token) - a token representing Proof of Goodness. It enables communities, NGOs, brands, and even governments to recognize, quantify, and circulate goodwill as an economic asset. Key Features and Applications Proof of Goodness (PoG): A novel verification model rewarding acts of social contribution rather than computational power. Burn-to-Give Mechanism: Utility of WWB tokens triggers a token burn mechanism, donating value to verified causes, creating on-chain ESG actions. Stake-to-Support Model: Brands and sponsors can stake WWB to support projects, replacing traditional advertising with social proof staking. Currency as a Service (CaaS): A modular infrastructure allowing institutions to launch custom community currencies, backed by Wowoo ecosystem. Empowering a Human-Centric Blockchain Ecosystem Unlike most tokens driven by speculation, Wowoo's value comes from verifiable, meaningful action. It is not just a digital currency - it is a system of ethical signaling, reputation exchange, and impact-driven liquidity. With an embedded social layer, Wowoo avoids greenwashing by making every token movement traceable to real-world goodwill. Backed by strong B2B strategic capabilities and global partnerships, Wowoo is positioned to become a protocol of choice for social-value tokenization in the emerging reputation economy. WWB Token Utility and Ecosystem Role WWB serves as the fuel and proof unit within the Wowoo ecosystem. It is used for: Its supply is fixed, deflationary through burns, and distribution is designed to support long-term alignment between participants, validators, and contributors. Strategic Vision and Roadmap WOWOO envisions a world where doing good becomes economically viable. Key roadmap stages include: Learn More about Wowoo (WWB) About LBank Founded in 2015, LBank is a top crypto exchange offering financial derivatives, asset management, and secure trading. With over 15 million users across 210+ regions, LBank ranks in the top 20 for spot trading and top 15 for derivatives trading globally, ensuring fund integrity and supporting global crypto adoption. Community & Social Media: Telegram Twitter Facebook LinkedIn Instagram YouTube Press contact: press@ Business Contact: LBK Blockchain Co. Limited LBank Exchange marketing@ business@
Globe and Mail
7 days ago
- Business
- Globe and Mail
LBank Exchange Will List Wowbit (WWB)
Road Town, British Virgin Islands--(Newsfile Corp. - July 23, 2025) - LBank Exchange, a leading global digital asset trading platform, will officially list Wowbit (WWB) on July 24, 2025, at 07:00 (UTC). The WWB/USDT trading pair will be accessible at: WWB Listing Banner To view an enhanced version of this graphic, please visit: Introducing Wowoo: Blockchain-Powered Token Ecosystem for Social Impact Wowoo is a next-generation token protocol designed to translate social impact into digital value. In a world where currencies represent profit and power, Wowoo introduces WWB (Wowbit Token) - a token representing Proof of Goodness. It enables communities, NGOs, brands, and even governments to recognize, quantify, and circulate goodwill as an economic asset. Key Features and Applications Proof of Goodness (PoG): A novel verification model rewarding acts of social contribution rather than computational power. Burn-to-Give Mechanism: Utility of WWB tokens triggers a token burn mechanism, donating value to verified causes, creating on-chain ESG actions. Stake-to-Support Model: Brands and sponsors can stake WWB to support projects, replacing traditional advertising with social proof staking. Currency as a Service (CaaS): A modular infrastructure allowing institutions to launch custom community currencies, backed by Wowoo ecosystem. Empowering a Human-Centric Blockchain Ecosystem Unlike most tokens driven by speculation, Wowoo's value comes from verifiable, meaningful action. It is not just a digital currency - it is a system of ethical signaling, reputation exchange, and impact-driven liquidity. With an embedded social layer, Wowoo avoids greenwashing by making every token movement traceable to real-world goodwill. Backed by strong B2B strategic capabilities and global partnerships, Wowoo is positioned to become the protocol of choice for social-value tokenization in the emerging reputation economy. WWB Token Utility and Ecosystem Role WWB serves as the fuel and proof unit within the Wowoo ecosystem. It is used for: Its supply is fixed, deflationary through burns, and distribution is designed to support long-term alignment between participants, validators, and contributors. Strategic Vision and Roadmap WOWOO envisions a world where doing good becomes economically viable. Key roadmap stages include: Q3 2025: MVP launch of Burn-to-Give and Stake-to-Support modules Q4 2025: Social impact resume "Wowoo Portal" app release 2026: Initial NGO partnerships + CaaS pilot programs Learn More about Wowoo (WWB) About LBank Founded in 2015, LBank is a top crypto exchange offering financial derivatives, asset management, and secure trading. With over 15 million users across 210+ regions, LBank ranks in the top 20 for spot trading and top 15 for derivatives trading globally, ensuring fund integrity and supporting global crypto adoption. Leveraging its acute market insight and expertise, LBank always takes the lead in spotting and listing Alpha altcoins. The platform was among the first to list popular gem coins like BONK, BOME, and FLOKI, as well as emerging favorites like NEIRO, MOODENG, GOATSEUS, and PNUT, offering impressive returns to investors. Start Trading Now: Community & Social Media: Telegram Twitter Facebook LinkedIn Instagram YouTube Press contact: press@ Business Contact: LBK Blockchain Co. Limited LBank Exchange marketing@ business@
The Guardian
16-07-2025
- Business
- The Guardian
UK's anti-corruption champion to go to offshore haven on fact-finding mission
The Foreign Office will dispatch the UK's anti-corruption champion, Margaret Hodge, to the British Virgin Islands (BVIs) to find out why the offshore haven is dragging its feet on proposals designed to fight financial crime. Several of the UK's semi-autonomous British overseas territories missed last month's deadline to implement new registers of corporate ownership, a measure targeting the secrecy regimes campaigners say benefit criminals and kleptocrats. But, while territories such as Anguilla and Bermuda are understood to be on the verge of complying, Foreign Office ministers are running out of patience with the BVIs' slow progress. Companies based on the islands have appeared in multiple international investigations into alleged wrongdoing, including the Paradise Papers and revelations about alleged tax evasion by the Russian oligarch and former Chelsea FC owner Roman Abramovich. On Wednesday, the day after meeting leaders of the overseas territories, the Foreign Office minister Stephen Doughty said he would send the veteran anti-corruption campaigner Lady Hodge to the islands on a 'fact-finding' mission. 'This government is committed to tackling illicit finance and working with our overseas territories is crucial to addressing this issue in the UK and overseas,' said Doughty. 'Some of our overseas territories are making progress towards transparent, accessible registers of company ownership, but we have made clear we need to see rapid, consistent progress across the board. 'As an immediate next step, I have asked Baroness Hodge to undertake a fact-finding visit to the British Virgin Islands and report back to me. I will consider further steps carefully in light of the findings.' Hodge, 80, was named the UK's anti-corruption champion in December last year in recognition of her record in combating illicit finance and advocating for transparency in Britain's offshore financial havens in particular. Hodge, who has held six ministerial posts, was the Labour MP for Barking from 1994 until she stood down before the general election last year. David Lammy, the foreign secretary, has vowed to lift the veil of corporate secrecy that allows people to disguise their business dealings in jurisdictions such as the BVIs. Successive governments have been pushing overseas territories, and a separate group of crown dependencies, such as Jersey, Guernsey and the Isle of Man, to introduce fully publicly accessible registers of beneficial ownership (Parbos). At a meeting in London last November, five overseas territories, including the BVIs, promised to introduce legitimate interest access registers of beneficial interests (Liarbos) as a prelude to further steps. A spokesperson for the BVIs' government said: 'We continue to collaborate closely with international partners, including the UK government, working together to uphold high standards and protect our financial system. 'This week's productive talks in London between premier Natalio Wheatley and minister Stephen Doughty reflect our shared commitment to strengthening governance and democracy in the Virgin Islands. We look forward to building on this cooperation in a spirit of mutual respect.' The Guardian has approached Hodge for comment.
