South Korean crypto exchange, Upbit, has secured a Major Payment Institution (MPI) license for its Singapore branch, Upbit Singapore, from the Monetary Authority of Singapore (MAS). The announcement was made on January 8. With this license, Upbit Singapore joins the ranks of 15 other institutions, including Ripple, Blockchain.com, Paxos, Coinbase, and Revolut, that hold MPI […]
The U.S. Securities and Exchange Commission (SEC) has started to publish notices of filing updates related to spot Bitcoin ETFs. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of these updated filings concern proposed rule changes through which the Cboe BZX […]
Binance, the leading global crypto exchange, has released its fourteenth Proof of Reserves (PoR), providing an in-depth look into its reserves as of January 1, 2024. The disclosure is timely, given the need for trust and transparency in the crypto industry, particularly following significant disruptions such as the FTX collapse.The recent PoR, which uses the […]
Ethereum co-founder Vitalik Buterin has recently shared his insights on navigating the crypto markets amidst economic uncertainty. His advice combines traditional investment strategies with a deep understanding of digital assets. Buterin emphasizes the significance of diversification, savings, moderation, and financial safety.Buterin’s primary advice is to diversify investments across different sectors to mitigate risk. In the […]
Cathie Wood’s ARK Invest has continued its trend of selling shares in the cryptocurrency exchange Coinbase (COIN), with a further 133,823 shares sold on January 5. The stock opened trading for the day at $152.67 and ended at $153.98. The United States-based asset management company disclosed its trades for the day on social media on […]
Upbit Singapore, the Singaporean subsidiary of South Korean cryptocurrency exchange Upbit, has secured a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This license allows the exchange to expand its business in Singapore, including growing its team, expanding its institutional business offering, and increasing the number of digital assets it lists.Prior […]
Binance USD (BUSD) has fallen out of the top five stablecoins by market capitalization after its circulating supply dropped below 1 billion, the lowest since December 2020. The circulating supply of BUSD now stands at 927 million tokens, a dramatic 96% decrease from its peak supply of 23.45 billion. This drop has also significantly affected […]
Crypto payment gateway CoinsPaid has fallen victim to its second security breach in the past six months, with unauthorized transactions amounting to nearly $7.5 million. The breach was detected by Web3 security firm Cyvers, whose artificial intelligence system identified multiple irregular transactions on January 6. These transactions allowed the withdrawal of $6.1 million worth of […]
In a significant development, FTX Group has managed to recover approximately $7 billion in liquid assets. This recovery is a result of a challenging investigation that tested the determination and resilience of all involved parties. Despite the recovered amount being less than the $8.7 billion owed to clients, the gap is gradually closing.A second investigative […]
The influence of cryptocurrency platforms is significant, and their operations can have far-reaching effects across the entire crypto landscape. The recent allegations against Metamask, a popular Ethereum wallet and browser extension, underscore the need for these platforms to operate with transparency and be held accountable for their actions. The potential of the digital currency market […]
