Advanced Blockchain CEO Simon Telian dismissed amid stock drop

Advanced Blockchain: CEO dismissed

In a surprising turn of events, the supervisory board of Advanced Blockchain has dismissed sole director and CEO Simon Telian with immediate effect. The Berlin-based company did not provide reasons for this decision, as reported on 4investors. Hatem Elsayed has been appointed as the new Chief Operating Officer until the end of 2025, while Maik Laske is expected to take on the role of Chief Financial Officer in the near future.

According to a report by wallstreet:online, Advanced Blockchain's stock saw a price drop of 6.05%, trading at 2.95 Euros on Tradegate as of August 5, 2024, following this announcement.

Abu Dhabi launches Blockchain Center to promote innovation and economic growth

A new Blockchain Center has been established in Abu Dhabi, which according to Bitcoin News, aims to serve as a catalyst for technological advancements and economic growth. This center intends to support both start-ups and established companies, as reported by Blockchain-Hero.

Moreover, a recent survey by the ifo Institute, as reported by Coin Kurier, indicates a growing interest in digital solutions within Germany; already 7.2% of German companies are using or planning to use blockchain technology.

EQS-Adhoc: Management change at Advanced Blockchain AG confirmed

Boerse.de also confirmed the management change at Advanced Blockchain AG. The new COO, Hatem Elsayed, brings extensive experience in finance and investment banking and also serves as an angel investor in the Polkadot network.

Buenos Aires aspires to become the new blockchain capital – Cardano's latest developments showcased

Recently, Charles Hoskinson met with several Argentine government officials, including Mayor Jorge Macri, regarding an upcoming constitutional congress on decentralized governance principles to be held in December this year at the University of Buenos Aires. These discussions aim to promote private investments and advance innovative technologies.
Further details can be found on Crypto News Flash.

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