Singapore MAS examines crypto firms ahead of new regulations: Report
The MAS reportedly asked crypto firms about their owned tokens, top lending and borrowing counterparties, loans and top tokens staked via DeFi. Go to Source Powered by WPeMatico
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Coinbase, whose CEO called most politics a ‘distraction’, launches voter registration tool
Faryar Shirzad said staying engaged and informed was critical, given candidates who win in the 2022 U.S. midterms “will be making key decisions” around crypto regulation. Go to Source Powered by WPeMatico
Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report
The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made. Go to Source Powered by WPeMatico
Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub
The bank cited concerns with Bitkub “resolving various issues” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline. Go to Source Powered by WPeMatico
Coinbase introduces wrapped staked ETH asset ahead of the Merge
“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” said the crypto exchange. Go to Source Powered by WPeMatico
FDIC-FTX spat is another reason for investors to self-custody their funds
Between the collapse of Celsius and the FDIC’s warning to FTX, consumers should be awakening to the benefits of moving their funds off of centralized exchanges. Go to Source Powered by WPeMatico
China’s Ant Group to help Malaysia launch crypto-friendly ‘super app’
Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services. Go to Source Powered by WPeMatico
Bitfinex offers new chain split tokens ahead of Ethereum Merge
ETHW and ETHS are the two newly introduced chain split tokens that will allow users to trade on the fork event. Go to Source Powered by WPeMatico
Malaysian regulators add Huobi to investor alert list
The Securities Commission of Malaysia says Huobi is operating without official registration from local regulators. Go to Source Powered by WPeMatico
FTX revenue reportedly grew 1000% in one year, leaked documents reveal
The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in FY 2020-21. Go to Source Powered by WPeMatico