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The exchange needs to resolve issues with domestic watchdogs. It was the first bank in the region when it opened in 1904. Formerly known as Siam Commercial Bank, SCBX Pcl abandoned its plan to invest $500 million to acquire a 51% interest in the cryptocurrency asset business Bitkub. The bank
The U.S. SEC has investigated Twitter’s approach to detecting spam accounts. Elon Musk initially offered to buy out the social media platform for $44B. This past Thursday, Delaware Court of Chancery judge and chancellor Kathaleen St. J. McCormick issued an order mandating that Twitter Inc. (NYSE: TWTR) furnish further information
Clients may use the service by downloading the bank’s mobile app. The goal of the trial run is to find any technical issues that may arise. Because of the recent surge in popularity of cryptocurrency, even more, conventional financial institutions like banks are beginning to provide cryptocurrency services in an
Alkane CEO Ryan Blazei was quoted as saying the trial was “disappointing.” In April of 2022, Crusoe Energy was able to secure $505 million in funding. On August 22, 2022, Crusoe Energy, which specializes in reducing gas flare emissions by utilizing for bitcoin, filed a lawsuit against Alkane Midstream. The
After starting the month at $24,000, the Bitcoin/US Dollar pair has lost 14% this month. CZ mentioned that it’s been five years since bitcoin hit $20k for the first time. If current trends continue, Bitcoin (BTC) might have its worst August performance since the 2015 bear market next month. According
According to reports, Gulf Energy Development CEO Sarath Ratanavadi has pledged to diversify some of the firm’s income by investing in blockchain ecosystems. Despite the widespread market crash and the tough position taken by local watchdogs, the decision was made. Furthermore, as per estimates, Ratanavadi is Thailand’s second-wealthiest citizen. His
In the United States alone, stocks lost around $1.25 trillion in a single day. With a 3.4% loss at day’s end, the S&P 500 reached its lowest point since late July. The United States Federal Reserve offered aggressive views on economic policy on August 26, sending Bitcoin (BTC) and other
MAS demanded that crypto platforms provide information about their operations. Information on the most staked tokens on DeFi be made available was demanded. Regulators have chosen to examine more closely at the cryptocurrency industry in light of recent developments like the increasing adoption of cryptocurrencies and the subsequent market collapse.
The country’s central bank banned crypto one month ago. Severe economic sanctions have been imposed on Afghanistan. The Taliban starts targeting anyone who deals in crypto. Bloomberg reports that the Taliban government in Afghanistan is detaining cryptocurrency traders who continue to operate after being told to halt. One month after
The Singapore High Court granted Teneo’s petition to seize and liquidate 3AC’s assets. The firm filed for bankruptcy in the British Virgin Islands at the end of June. Su Zhu, the co-founder of Three Arrows Capital (3AC), claims that Teneo, the liquidator appointed by the court, misrepresented before the Singapore
