Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Financial

Jacob Diaz in MindsEye
Gaming Gear

MindsEye is set to launch next week, so it’s probably not great that the studio’s chief financial officer and chief legal officer have both resigned

by admin June 3, 2025



The pre-release saga of MindsEye, the debut game from former Rockstar Games stalwart Leslie Benzies and his Build a Rocket Boy studio, has taken another strange twist. As noticed today by Eurogamer, Build a Rocket Boy’s chief financial officer and chief legal officer have both left the company, just a week ahead of MindsEye’s release.

Former chief legal officer Riley Graebner, who joined Build a Rocket Boy in 2022 and also served as chief operating officer until April 2024, announced his departure from the studio in a message posted to LinkedIn.

“After three and a half years my time at BARB has come to a close,” Graebner wrote. “I’m proud of what we’ve accomplished. During that time we more than doubled the size of the company to over 450 employees. We launched multiple products worldwide. We built the legal team and legal ops infrastructure from the ground up, working to systemize and automate.


You may like

“I’m beyond excited for what’s next—but currently operating in stealth mode for a while longer. Stay tuned.”

CFO Paul Bland didn’t make any sort of public declaration about leaving BARB, but updated his LinkedIn profile to indicate that he’d parted ways with the company in June. Somewhat oddly, he seems to have subsequently changed his LinkedIn page: The Paul Bland page on the site (which I successfully visited earlier today) is gone, but the account itself remains available, at a different URL, under the name Paul B. I have no idea what to make of that, but it’s weird.

The whole thing is weird, really. Executives come and go, it’s true, but losing two C-suiters, effectively at the same time, and literally a week before the launch of the big thing you’ve been working on for years—well, it’s not a very good look, is it?

There’s no indication that anything untoward is going on behind the scenes, but even so their departures have caused an understandable ripple amongst some of the MindsEye community. As one person put it in the MindsEye Discord, “Two major players inside the company just resigned. That’s concerning!” I’m inclined to agree.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

Similar sentiments can be seen on the MindsEye subreddit, where people are already somewhat less than enthusiastic about the game due primarily to a relative dearth of information about it. Back when the metaverse was still a thing, MindsEye was billed as an experience taking place within the Everywhere platform, which has been kicking around—equally ill-explained—since 2016. But I know even less about Everywhere than I do about MindsEye at this point, and it seems to have fallen off the radar: The Everywhere website, for instance, now redirects to a MindsEye site—which is just a trailer and purchase links.

“They’ve done such an incredibly poor job explaining this game I still have no clue what it even is,” redditor Greatnes wrote. “It’s just buzzwords and features with nothing linking them or explaining them. I’ve never had this issue with a game before with not even knowing what it is. Game is out in 13 days and they don’t seem interested in actually showing it off beyond carefully scripted gameplay trailers that don’t explain anything.”

(MindsEye is, for the record, “a narrative driven, single-player action-adventure thriller” with an estimated 15-hour campaign—it looks a bit like GTA, but don’t expect anything on that scale.)

The departures of Build a Rocket Boy’s CFO and CLO come less than a week after the company’s co-CEO Mark Gerhard caused a stir by claiming publicly that the negative reactions to MindsEye were part of a “concerted effort to trash the game and the studio” ahead of its release, being financed by an unnamed entity. That was not great either, and also very weird.

MindsEye is set to launch on June 10. I’ve reached out to Build a Rocket Boy for comment and will update if I receive a reply.



Source link

June 3, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Singapore Financial Watchdog to Ban Overseas Crypto Services Without License

by admin June 2, 2025



In brief

  • Singapore’s financial authority has set a June 30 deadline for crypto firms operating overseas from Singapore to obtain a license or shut down, citing financial crime risks.
  • The new rules apply to firms incorporated or staffed in Singapore serving only foreign clients, with no exemptions or transition period.
  • The move follows similar global crackdowns, including a recent AUSTRAC penalty against crypto exchange Cointree over delayed money laundering reports.

Crypto firms serving Singapore customers from outside the country must obtain a license or shut down by June 30, as the Monetary Authority of Singapore crack down on financial crime risks.

In a policy response published on May 30, MAS confirmed it would proceed with the full implementation of Section 137 of the Financial Services and Markets Act (FSM Act), which allows the regulator to license Digital Token Service Providers (DTSPs) operating from Singapore, a leading hub for digital asset businesses.

That includes companies incorporated locally or with staff based in Singapore that serve only overseas users.

“There will be no transitional arrangement,” the regulator said, warning that firms continuing operations without a license after June 30 would be guilty of an offence and subject to penalties.

MAS said a 4-week notice period issued alongside the document constituted sufficient lead time, urging all affected firms to act immediately.

The document was released in response to industry feedback on a consultation paper first published in October 2024, which sought views on how to regulate DTSPs that operate cross-border.

MAS said most respondents supported licensing such entities, but several pushed for exemptions, especially for firms engaged in proprietary trading, OTC services, or those using overseas infrastructure.

The watchdog rejected those suggestions, saying that technology-neutral, activity-based regulation was needed to close regulatory gaps that could otherwise be exploited.



It justified its decision by citing heightened “money laundering and terrorism financing risks” associated with the borderless nature of digital token services.

The regulator also flagged “reputational risks” to Singapore if crypto businesses were allowed to operate internationally without controls simply because they had no domestic footprint.

Firms will be required to hold at least  $185,000 (SGD 250,000) in base capital, re-onboard customers with fresh due diligence, implement the FATF Travel Rule, and comply with stringent technology risk standards.

MAS also warned that individuals working as independent consultants or freelancers for foreign crypto firms may fall under the licensing requirement, depending on the nature of their role and whether they are deemed to be conducting regulated business from Singapore.

As Singapore closes its doors on unlicensed players, other jurisdictions are stepping up enforcement too.

Last month, AUSTRAC fined Melbourne-based exchange Cointree $75,120 for late filings of suspicious matter reports linked to potential money laundering, saying the delay hampered swift law enforcement action.

As of June 2, 2025, the Monetary Authority of Singapore (MAS) has issued 33 digital payment token licenses, with major players like Coinbase, and Anchorage among the recipients.

Cumberland SG, the Asia subsidiary of U.S.-based crypto trading firm Cumberland, has received in-principle approval in March but has not yet been granted a full license.

Edited by Stacy Elliott.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

June 2, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Pakistan Appoints World Liberty Financial Advisor to Key Government Role on Crypto

by admin May 27, 2025



In brief

  • Bilal Bin Saqib was appointed special assistant to Pakistan’s prime minister on blockchain and crypto.
  • The country will also allocate 2,000 MW of surplus electricity to bitcoin mining and AI centers.
  • Bin Saqib is also an advisor to World Liberty Financial.

The Pakistani government has appointed a special assistant to the prime minister on blockchain and cryptocurrency, mirroring the U.S. approach to state involvement in the digital asset sector, according to local media reports on Monday

The newly created role has been given to Bilal Bin Saqib, who is also a chief advisor to the finance minister and the CEO of the Pakistan Crypto Council.

A graduate of the London School of Economics, Bin Saqib was featured in Forbes’ 30 Under 30 and received an MBE from King Charles III for his work in social impact.

The appointment comes as Pakistan ramps up efforts to position itself as a crypto-friendly economy. 

This week, the government announced plans to allocate 2,000 megawatts of surplus electricity to bitcoin mining as part of a broader plan to support mining and AI data centers. 

The initiative, driven by the Pakistan Crypto Council, is aimed at generating revenue, creating high-tech jobs, and attracting foreign investment.

Former Binance CEO Changpeng Zhao joined the council as an advisor in early April after serving a four-month U.S. prison sentence for violating anti-money laundering laws.

But as in the U.S., Pakistan’s crypto embrace has raised concerns. The push follows a sharp decline in foreign direct investment, down 45% in February compared to a year earlier, according to English-language outlet Pakistan Today.

In January, Pakistan hired a U.S. lobbyist to facilitate meetings in Washington. During a visit, the country’s interior minister reportedly appealed for more U.S. investment, according to The Wall Street Journal.

Shortly after, it began to forge ties with Trump-linked crypto project World Liberty Financial.

Bin Saqib became an advisor to the project in April, shortly after a visit to Pakistan by co-founder Zach Witkoff. 

During the visit, Witkoff and his co-founders signed an MOU with the ministry that opens up the possibility of World Liberty’s stablecoin being used in the country for trade and remittances. WLF has been contacted for comment.

The Wall Street Journal also reported that Zhao was “helping facilitate some introductions for World Liberty’s foreign travels.” Zhao denied the claims and called the article “another hit piece.”

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

May 27, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Cambodia’s $19 Billion Financial Scam Empire Fueled by Crypto, Says Watchdog Group

by admin May 26, 2025



In brief

  • Cambodian officials are profiting from a $19B crypto-fueled scam industry involving trafficked labor, fraud compounds, and platforms such as Huione Guarantee, a report by Humanity Research Consultancy alleges.
  • Cambodia-based Huione has reportedly processed $24 billion via Telegram and launched its own stablecoin to bypass financial oversight.
  • Telegram recently banned Huione-linked accounts, as UN reports warn Cambodia has become a global hub for crypto-based fraud.

Cambodia’s ruling elite is entangled in a global scam economy powered by crypto, according to a new report that links senior government officials to billion-dollar laundering networks and platforms built to evade oversight.

High-ranking members of the Cambodian People’s Party have helped enable and profit from transnational fraud schemes that rely on trafficked labor and untraceable cryptocurrency, according to a May 16 report published by the Humanity Research Consultancy (HRC), an organization which campaigns against human trafficking.

One firm in particular, Huione Group, is singled out as critical infrastructure in what the report calls a “vertically integrated” scam industry now worth up to $19 billion a year, or 60% of Cambodia’s GDP.

“Cambodia is likely the absolute global epicentre of next-gen transnational fraud in 2025,” wrote Jacob Sims, the report’s author and a visiting fellow at Harvard University’s Asia Center.

Sims accuses the state of providing support “systematically and insidiously” to criminal networks operating behind scam compounds, human trafficking, and crypto rails.

Among those named is Hun To, cousin of Prime Minister Hun Manet, who sits on the board of Huione Group, parent company of Huione Guarantee, a Telegram-based escrow platform through which more than $4 billion has flowed since 2021, according to the U.S. Treasury. HRC also named Deputy Prime Minister and Minister of the Interior Sar Sokha as a co-investor in one of Cambodia’s largest scam compounds.

Decrypt has reached out to the Minister’s office and will update the story if they respond.

A “focal point” for crypto scams

HRC’s findings align with a UNODC report released last month, which warned of Southeast Asia’s scam infrastructure spreading into Africa, the Middle East, and Latin America.

The report named Cambodia as a key node in this global expansion, with syndicates relocating scam operations from Sihanoukville and Phnom Penh to rural provinces including Koh Kong, Bavet, and Pursat, where new compounds have been rapidly constructed since 2022.

HRC cites blockchain analytics firm Elliptic’s January report, which revealed that Huione had launched its own stablecoin, expanding its ability to process illicit payments while bypassing traditional financial channels.

“The scale of these operations makes Cambodia a focal point for crypto-based fraud globally,” Deddy Lavid, CEO of blockchain analytics platform Cyvers, told Decrypt.

Telegram recently banned channels and accounts associated with Haowang Guarantee, a rebranded Huione Guarantee, citing violations tied to fraud and money laundering.

What are pig butchering scams?

Huione Guarantee, had become central to laundering proceeds from romance scams, crypto investment fraud, and “pig butchering” operations targeting victims worldwide.

Pig butchering scams are where victims are emotionally groomed by fake romantic or business partners and ultimately convinced to invest large sums under false pretenses.

“Unfortunately, the use of crypto as the final payout method in pig butchering scams is widespread due to cryptocurrencies’ inherent characteristics: pseudonymity, ease of cross-border transfers, and lack of centralized control,” Lavid told Decrypt.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

May 26, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • 2

Categories

  • Crypto Trends (961)
  • Esports (728)
  • Game Reviews (679)
  • Game Updates (847)
  • GameFi Guides (953)
  • Gaming Gear (911)
  • NFT Gaming (936)
  • Product Reviews (902)
  • Uncategorized (1)

Recent Posts

  • Silksong’s Launch Has Already Caused One Game Delay
  • While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto
  • Bitcoin News Today: Ether (ETH) Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers
  • CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts
  • Silksong will get DLC and “some of the plans for that stuff are kind of ambitious as well”

Recent Posts

  • Silksong’s Launch Has Already Caused One Game Delay

    August 23, 2025
  • While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto

    August 23, 2025
  • Bitcoin News Today: Ether (ETH) Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers

    August 23, 2025
  • CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts

    August 23, 2025
  • Silksong will get DLC and “some of the plans for that stuff are kind of ambitious as well”

    August 23, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Silksong’s Launch Has Already Caused One Game Delay

    August 23, 2025
  • While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto

    August 23, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close