Sun, July 12

The Monetary Authority of Singapore Grants Major Payment Institution Licence to Crypto.com

Today, the Monetary Authority of Singapore (MAS) granted Crypto.com its Major Payment Institution (MPI) licence for the provision of Digital Payment Token (DPT) services. This statement comes after MAS granted Crypto.com its in-principle clearance in June 2022. With the help of this licence, Crypto.com may keep offering consumers in Singapore

June 1, 2023 2 mins read

FTX Bankruptcy Referred to US Appeals Court for Independent Investigation

An important step has been taken in the wake of the FTX collapse with the referral of a lawsuit involving the appointment of an independent investigator to the US Third Circuit Court of Appeals by a judge in Delaware. The administration and a number of Senators first banded together to

May 31, 2023 2 mins read

SEC Fines Coinbase’s Former Product Manager for Insider Trading

In a significant development in cryptocurrency, former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle insider trading charges. The Securities and Exchange Commission (SEC) accused the brothers of engaging in a scheme to trade ahead of multiple announcements related to at least nine crypto

May 31, 2023 2 mins read

DEX PancakeSwap Launches Immersive Tower Defense Game

PancakeSwap, a decentralized cryptocurrency exchange (DEX), has released a tower defense game called Pancake Protectors. Mobox, a player-versus-player (PvP) Gamefi platform on the Binance chain, has been in testing for the last week, but its formal debut has now occurred. The DEX’s native token, CAKE, has reportedly been included in

May 30, 2023 1 min read

Binance Assigns Richard Teng to Oversee Regional Markets Outside U.S

Richard Teng has been given responsibility for all regional markets outside of the United States at Binance, the biggest cryptocurrency exchange in the world by trading volume. Authorities in the United States have been looking into Binance for some time. Richard Teng, who took over as CEO of Singapore for

May 29, 2023 1 min read

Bybit Secures Preliminary Approval in Kazakhstan as a Crypto Custody KaService Provider

Bybit, a prominent cryptocurrency exchange, has achieved a significant milestone in its global expansion strategy by receiving preliminary approval from regulatory authorities in Kazakhstan. Moreover, this approval positions Bybit as a trusted cryptocurrency custody service provider, further bolstering the acceptance and adoption of cryptocurrencies within Central Asia. Kazakhstan has emerged

May 29, 2023 2 mins read

Temasek Holdings Reduces Pay for Group Involved in FTX Investment

On Monday, May 29th, Singaporean investment firm Temasek Holdings stated it will reduce pay for the group that had proposed an investment in the defunct FTX cryptocurrency exchange. In the wake of the FTX exchange’s demise in November 2022. Temasek was forced to take a $275 million write-down on its

May 29, 2023 1 min read

Binance Announces Suspension of Crypto Services Offering in Japan

Binance, the biggest cryptocurrency exchange in the world, stated on Saturday that it would stop providing cryptocurrency services to Japanese customers as of November 30, 2023. The crypto exchange has taken this decision as part of its continued efforts to meet regulatory requirements and guarantee compliance in the countries where

May 28, 2023 2 mins read

Gemini Chooses Ireland as New European Headquarters

The Republic of Ireland was recently named the new European headquarters for Gemini, the cryptocurrency exchange controlled by Tyler and Cameron Winklevoss. The statement came after crypto founders met with Irish Prime Minister Leo Varadkar and officials from the Industrial Development Agency (IDA), the government agency in charge of attracting

May 26, 2023 2 mins read

Binance Acquires Digital Assets Operation License in Thailand

Binance, the largest cryptocurrency exchange in the world, is making waves with its global expansions and high-profile collaborations. Binance recently made headlines when it revealed it has acquired Digital Asset Operator Licenses in Thailand. This comes after the company temporarily halted operations in Canada owing to regulatory issues. On Friday,

May 26, 2023 2 mins read