A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped. The notice of voluntary dismissal was filed on Sept. 28 in the United States District Court for the Northern District of California, and did not state the reasons for dropping the case without prejudice. The court had not […]
September was a record-breaking month for malicious entities stealing funds in the crypto market. According to CertIK, approximately $332 million in digital assets were lost to exploits, hacks, and scams. Exit scams accounted for $1.9 million, flash loans for $0.4 million, and crypto-related exploits for $329.8 million. The largest portion of this month’s losses was […]
The Securities and Exchange Commission (SEC) has delayed its decision on the listing of spot Bitcoin and Ether exchange-traded funds (ETFs). The SEC delayed making decisions until Dec. 25 and Jan. 10, respectively, for spot Ether ETFs from VanEck and ARK 21Shares, while GlobalX will have to wait until Nov. 21 for the commission’s decision. […]
Coinbase has been granted a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), demonstrating its dedication to the city-state. This license allows Coinbase to provide digital payment token services, cross-border money transfer services, and domestic money transfer services to both retail and institutional clients in Singapore.Nana Murugesan, VP of Internal and […]
UBS Asset Management has launched a live pilot of a tokenized version of its Variable Capital Company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank. This new release upgrades the RWA-focused blockchain consensus to nominated proof-of-stake (NPoS) and aims to improve on-chain liquidity for both borrowers and fintech lenders.Proof-of-work […]
Coinbase has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its payment services in the country. This license will enable the exchange to provide digital token services to Singaporean individuals and institutions. Coinbase has also expressed its readiness to support Singapore’s local crypto and web3 […]
Cardano (ADA) price is currently trading above $0.260, after finding support near the $0.235 zone. The token has broken above a key bearish trendline with resistance near $0.2560 on the daily chart. The Relative Strength Index (RSI) is also rising and approaching the 70 level with no major sign of overbought conditions.Immediate resistance is near […]
Iran is set to join the BRICS assembly of emergent economies, and is looking to capitalize on its membership by utilizing the group’s electronic banking communication infrastructure, “BRICS PAY”, as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament, announced plans for Iran to […]
The crypto market’s total valuation surged by $32 billion on Oct. 1, triggered by the ‘Uptober’ euphoria. Bitcoin’s price action sought support from the 200-day exponential moving average (200-day EMA) and the 50-day EMA, establishing a 6-week high. Past performance in October — or Uptober — plays in the bulls’ favor, with Bitcoin’s average Uptober […]
Coinbase, a digital asset payment service provider, has recently obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS). This license will enable Coinbase to expand its services to Singapore’s retail and institutional customers. The license also exempts Coinbase from the $2.2 million (S$3 million) transaction limit and the S$6 million ($4.4 million) […]
