Coinbase remains ‘100% committed’ to US market: Armstrong
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much. Go to Source Powered by WPeMatico
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FTX investor Temasek pours $10M in algorithmic currency system Array
The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin. Go to Source Powered by WPeMatico
Majority of creditors want Hodlnaut liquidated
Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August. Go to Source Powered by WPeMatico
China and Singapore team up to scale green and transition financing
China and Singapore will collaborate “on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low carbon future for our countries and the region.” Go to Source Powered by WPeMatico
UK may have crypto regulation within a year, says senior minister
The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized. Go to Source Powered by WPeMatico
Zipmex requests 2-month extension from Singapore court for restructuring plan
A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues. Go to Source Powered by WPeMatico
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will totally have more than a year to repay debts to its creditors after suspending withdrawals last June. Go to Source Powered by WPeMatico
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean … Read more
Crypto Exchange Bitrue Suffers $23 Million Hack
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday … Read more
Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari … Read more
