Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders ๐ฏ
Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders.
The futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk.
Read more here: https://www.coindesk.com/business/2022/06/24/coinbase-launches-first-crypto-derivatives-product-aimed-at-retail-traders/
Coinbase Derivatives Exchange, formerly known as FairX, is launching its first crypto derivatives product this month, hoping to attract more retail traders.
The futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk.
Read more here: https://www.coindesk.com/business/2022/06/24/coinbase-launches-first-crypto-derivatives-product-aimed-at-retail-traders/
CoinDesk
Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders
Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.
Ugandaโs gold discovery: What it could mean for crypto ๐
These are fraught times for the cryptocurrency and blockchain sector, so it isnโt surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel.
What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially.
Read more here: https://cointelegraph.com/news/uganda-s-gold-discovery-what-it-could-mean-for-crypto
These are fraught times for the cryptocurrency and blockchain sector, so it isnโt surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel.
What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially.
Read more here: https://cointelegraph.com/news/uganda-s-gold-discovery-what-it-could-mean-for-crypto
Cointelegraph
Ugandaโs gold discovery: What it could mean for crypto
Bitcoin has periodically laid claim to being digital gold largely on the strength of its strict 21 million supply limit, which makes it non-inflationary and a good store of value โ in theory.
NFT, Private Wallet Fates Hang on EU Crypto Talks This Week ๐ผ
European Union (EU) negotiators meet this week for a last-ditch attempt to hammer out anti-money-laundering rules and a new authorization regime for crypto service providers.
Meetings on Wednesday and Thursday could determine the blocโs crypto legal framework for years to come โ but major questions still hang over the treatment of non-fungible tokens (NFTs), the energy impact of Bitcoin and the private use of unhosted wallets.
Read more here: https://www.coindesk.com/policy/2022/06/27/nft-private-wallet-fates-hang-on-eu-crypto-talks-this-week/
European Union (EU) negotiators meet this week for a last-ditch attempt to hammer out anti-money-laundering rules and a new authorization regime for crypto service providers.
Meetings on Wednesday and Thursday could determine the blocโs crypto legal framework for years to come โ but major questions still hang over the treatment of non-fungible tokens (NFTs), the energy impact of Bitcoin and the private use of unhosted wallets.
Read more here: https://www.coindesk.com/policy/2022/06/27/nft-private-wallet-fates-hang-on-eu-crypto-talks-this-week/
CoinDesk
NFT, Private Wallet Fates Hang on EU Crypto Talks This Week
Officials could this week finalize controversial privacy and licensing rules for the sector โ once they decide how to treat NFTs and unhosted wallets.
Educating regulators will help to mitigate risks, says Figment exec โ๏ธ
Cointelegraph's managing editor Alex Cohen interviewed Figment's staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo discussed topics like educating regulators on blockchain and crypto, how businesses navigate uncertain regulatory landscapes and regulating staking.
Read more here: https://cointelegraph.com/news/educating-regulators-will-help-mitigate-risks-says-figment-exec
Cointelegraph's managing editor Alex Cohen interviewed Figment's staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo discussed topics like educating regulators on blockchain and crypto, how businesses navigate uncertain regulatory landscapes and regulating staking.
Read more here: https://cointelegraph.com/news/educating-regulators-will-help-mitigate-risks-says-figment-exec
Cointelegraph
Educating regulators will help to mitigate risks, says Figment exec
Cointelegraph's managing editor Alex Cohen interviewed Figment's staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022.
Morgan Stanley: GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake ๐
If Ethereum moves to a proof-of-stake (PoS) method of maintaining its network, as planned, it will remove the need for miners, slow demand for graphics processing units (GPUs) and dramatically reduce energy requirements, Morgan Stanley said in a report Monday.
Read more here: https://www.coindesk.com/business/2022/06/27/morgan-stanley-gpu-demand-likely-to-slow-if-ethereum-moves-to-proof-of-stake/
If Ethereum moves to a proof-of-stake (PoS) method of maintaining its network, as planned, it will remove the need for miners, slow demand for graphics processing units (GPUs) and dramatically reduce energy requirements, Morgan Stanley said in a report Monday.
Read more here: https://www.coindesk.com/business/2022/06/27/morgan-stanley-gpu-demand-likely-to-slow-if-ethereum-moves-to-proof-of-stake/
CoinDesk
Morgan Stanley: GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake
Moving to PoS also won't solve Ethereumโs scaling problems, the report said.
CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues ๐
Physical futures crypto exchange CoinFLEX will launch a Recovery Value USD (rvUSD) Token after recently halting withdrawals stemming from an outstanding debt that a high-net-worth customer owes the exchange.
CoinFLEX's issuance of $47 million in tokens comes after a certain individualโs account went into negative equity during recent market volatility. The issuance will begin tomorrow and likely run until July 1, CoinFLEX wrote in a white paper Monday.
Read more here: https://www.coindesk.com/business/2022/06/27/coinflex-to-launch-a-47m-recovery-token-to-solve-withdrawal-issues/
Physical futures crypto exchange CoinFLEX will launch a Recovery Value USD (rvUSD) Token after recently halting withdrawals stemming from an outstanding debt that a high-net-worth customer owes the exchange.
CoinFLEX's issuance of $47 million in tokens comes after a certain individualโs account went into negative equity during recent market volatility. The issuance will begin tomorrow and likely run until July 1, CoinFLEX wrote in a white paper Monday.
Read more here: https://www.coindesk.com/business/2022/06/27/coinflex-to-launch-a-47m-recovery-token-to-solve-withdrawal-issues/
CoinDesk
CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues
The exchange said last week it was halting withdrawals amid market declines and counterparty uncertainty.
Fintech Firm PolySign Raises $53M to Expand Staff ๐ฉ๐ฝโ๐ป
Blockchain fintech firm PolySign has raised $53 million in a Series C funding round with participation from Cowen Digital, Brevan Howard, GSR and others, the company said Tuesday in a press release. Valuation for the company following the latest funding round was not disclosed.
In addition to the funding round, PolySign has also secured a $25 million credit facility from private equity firm Boathouse Capital.
Read more here: https://www.coindesk.com/business/2022/06/28/fintech-firm-polysign-raises-53m-to-expand-staff/
Blockchain fintech firm PolySign has raised $53 million in a Series C funding round with participation from Cowen Digital, Brevan Howard, GSR and others, the company said Tuesday in a press release. Valuation for the company following the latest funding round was not disclosed.
In addition to the funding round, PolySign has also secured a $25 million credit facility from private equity firm Boathouse Capital.
Read more here: https://www.coindesk.com/business/2022/06/28/fintech-firm-polysign-raises-53m-to-expand-staff/
CoinDesk
Fintech Firm PolySign Raises $53M to Expand Staff
The funding round follows the firmโs acquisition of fund administrator MG Stover in April.
Crypto more popular than mutual funds among millennials, survey shows ๐ฎ
Investing firm Alto recently surveyed adults based in the United States to find out their preferences in investing. The results show that more millennials aged 25 to 40 are investing in crypto than in mutual funds.
The report, dubbed โHow Millennials See Their Financial Future,โ reveals that nearly 40% of millennial respondents have invested in cryptocurrencies. According to the report, this is โgreater than the percentage of millennials who own mutual funds.โ Moreover, the percentage is almost equal to those millennials who own stocks.
Read more here: https://cointelegraph.com/news/crypto-more-popular-among-millennials-than-mutual-funds-survey-shows
Investing firm Alto recently surveyed adults based in the United States to find out their preferences in investing. The results show that more millennials aged 25 to 40 are investing in crypto than in mutual funds.
The report, dubbed โHow Millennials See Their Financial Future,โ reveals that nearly 40% of millennial respondents have invested in cryptocurrencies. According to the report, this is โgreater than the percentage of millennials who own mutual funds.โ Moreover, the percentage is almost equal to those millennials who own stocks.
Read more here: https://cointelegraph.com/news/crypto-more-popular-among-millennials-than-mutual-funds-survey-shows
Cointelegraph
Crypto more popular than mutual funds among millennials, survey shows
An Alto survey shows that 70% of millennials who own crypto and have an individual retirement account hold their assets in their IRA.
Alkemi Earn integration brings DeFi lending to 1.5M Ledger users ๐
The Alkemi Earn app has been added to the hardware wallet Ledger's Discover area, making decentralized finance (DeFi) lending and borrowing service accessible to Ledger's 1.5 million active customers.
According to a Tuesday announcement, users of Ledger Live can now earn yield on their assets with the Alkemi Earn integration. The goal of the Ledger project is to provide consumers with a method of buying and utilizing digital assets without giving them up to third-party platforms or systems.
Read more here: https://cointelegraph.com/news/alkemi-earn-integration-brings-defi-lending-to-1-5m-ledger-users
The Alkemi Earn app has been added to the hardware wallet Ledger's Discover area, making decentralized finance (DeFi) lending and borrowing service accessible to Ledger's 1.5 million active customers.
According to a Tuesday announcement, users of Ledger Live can now earn yield on their assets with the Alkemi Earn integration. The goal of the Ledger project is to provide consumers with a method of buying and utilizing digital assets without giving them up to third-party platforms or systems.
Read more here: https://cointelegraph.com/news/alkemi-earn-integration-brings-defi-lending-to-1-5m-ledger-users
Cointelegraph
Alkemi Earn integration brings DeFi lending to 1.5M Ledger users
Hardware wallet Ledger integrates Alkemi Earn to enable access to DApps from within the wallet.
Cosmos Hub set to introduce 'interchain security' within three months ๐
On Monday, a document released by a group of Cosmos contributors, revealed that the Cosmos network will soon enable interchain security. This is an optional feature allowing certain application-specific chains on Cosmos to secure themselves by using the same security validators that run Cosmos Hub โ the central blockchain of the Cosmos network.
Per Cosmos contributors, interchain security will go live between August and September. Cosmos โ an ecosystem of more than 200 blockchains โ lets developers build new application-specific chains if they can manage their own validators. But, building a validator set from scratch consumes a lot of time and resources. This is where interchain security comes in.
Read more here: https://www.theblock.co/post/154482/cosmos-hub-set-to-introduce-interchain-security-within-three-months
On Monday, a document released by a group of Cosmos contributors, revealed that the Cosmos network will soon enable interchain security. This is an optional feature allowing certain application-specific chains on Cosmos to secure themselves by using the same security validators that run Cosmos Hub โ the central blockchain of the Cosmos network.
Per Cosmos contributors, interchain security will go live between August and September. Cosmos โ an ecosystem of more than 200 blockchains โ lets developers build new application-specific chains if they can manage their own validators. But, building a validator set from scratch consumes a lot of time and resources. This is where interchain security comes in.
Read more here: https://www.theblock.co/post/154482/cosmos-hub-set-to-introduce-interchain-security-within-three-months
The Block
Cosmos Hub set to introduce 'interchain security' within three months
Once interchain security is enabled, new Cosmos-based projects will be able to quickly go into production without having to compromise security.
Flipside Crypto launches NFTs to pull multi-chain data ๐
Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit (SDK) called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull โcomprehensiveโ blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.
Co-founder Jim Myers said that the ability to query blockchain data from multiple chains in an automated (programmatic) fashion has been a โcritical piece of missing infrastructure for blockchain developers and analysts.โ
Read more here: https://cointelegraph.com/news/flipside-crypto-launches-nfts-to-pull-multi-chain-data
Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit (SDK) called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull โcomprehensiveโ blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.
Co-founder Jim Myers said that the ability to query blockchain data from multiple chains in an automated (programmatic) fashion has been a โcritical piece of missing infrastructure for blockchain developers and analysts.โ
Read more here: https://cointelegraph.com/news/flipside-crypto-launches-nfts-to-pull-multi-chain-data
Cointelegraph
Flipside Crypto launches NFTs to pull multi-chain data
Flipside Crypto said the NFTs will support data from Ethereum, BNB Chain, Avalanche, Solana, Near, Flow, THORChain and Algorand.
OP Crypto launches $100M fund to back early-stage crypto VCs ๐๏ธ
OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.
Named โOP Funds of Funds I,โ the fund has secured $50 million in commitments from major companies like FTXโs investment subsidiary LedgerPrime and FJ Labs.
Read more here: https://cointelegraph.com/news/op-crypto-launches-100m-fund-to-back-early-stage-crypto-vcs
OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.
Named โOP Funds of Funds I,โ the fund has secured $50 million in commitments from major companies like FTXโs investment subsidiary LedgerPrime and FJ Labs.
Read more here: https://cointelegraph.com/news/op-crypto-launches-100m-fund-to-back-early-stage-crypto-vcs
Cointelegraph
OP Crypto launches $100M fund to back early-stage crypto VCs
A crypto VC firm founded by former Huobi executive David Gan is launching a new $100 million fund to support emerging fund managers focused on early-stage crypto investments.
Singapore regulator rebukes crypto fund Three Arrows Capital ๐ฏ
Singapore's financial regulator on Thursday (Jun 30) accused embattled crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false information.
Three Arrows (3AC) is one of the highest profile investors hit by the sharp sell-off in crypto markets and is being liquidated, Reuters reported on Wednesday, citing a source familiar with the matter.
Read more here: https://www.channelnewsasia.com/business/monetary-authority-singapore-reprimand-three-arrows-capital-2783481
Singapore's financial regulator on Thursday (Jun 30) accused embattled crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false information.
Three Arrows (3AC) is one of the highest profile investors hit by the sharp sell-off in crypto markets and is being liquidated, Reuters reported on Wednesday, citing a source familiar with the matter.
Read more here: https://www.channelnewsasia.com/business/monetary-authority-singapore-reprimand-three-arrows-capital-2783481
CNA
Singapore regulator rebukes crypto fund Three Arrows Capital
SINGAPORE: Singapore's financial regulator on Thursday (Jun 30) accused embattled crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false information. Three Arrows (3AC) is one of the highest profile investors hit by theโฆ
MicroStrategy Puts Another $10M in BitcoinโDespite Price Crashing Below $20K ๐ฐ
Cloud software company MicroStrategy today announced another Bitcoin buyโspending this time $10 million on the cryptocurrencyโdespite the price of the asset dropping below $20,000.
The tech firm has now spent over $3.98 billion on Bitcoin, and owns 129,699 digital coins, according to statements from its CEO Michael Saylor. It is also at a loss of $1.3 billion since the price of the currency has dipped.
Read more here: https://decrypt.co/104076/microstrategy-buys-more-bitcoin-despite-price-crash-20k
Cloud software company MicroStrategy today announced another Bitcoin buyโspending this time $10 million on the cryptocurrencyโdespite the price of the asset dropping below $20,000.
The tech firm has now spent over $3.98 billion on Bitcoin, and owns 129,699 digital coins, according to statements from its CEO Michael Saylor. It is also at a loss of $1.3 billion since the price of the currency has dipped.
Read more here: https://decrypt.co/104076/microstrategy-buys-more-bitcoin-despite-price-crash-20k
Decrypt
MicroStrategy Puts Another $10M in BitcoinโDespite Price Crashing Below $20K - Decrypt
Microstrategy has continued to buy Bitcoinโdespite the asset falling below $21,000. Today the firm spent $10 million on the cryptocurrency.
Fate of crypto investor Su Zhuโs bungalows hangs in the balance after Three Arrows implosion ๐ก
The market is abuzz with speculation over the personal assets of Three Arrows Capital (3AC) founder Su Zhu, following news of the crypto hedge fundโs liquidation order by a British Virgin Islands court on Monday (Jun 27).
As liquidators close in on the insolvent firm, a luxury bungalow in Singapore bought just in December for S$48.8 million by Zhu has been a topic of much discussion.
Read more here: https://www.businesstimes.com.sg/garage/fate-of-crypto-investor-su-zhus-bungalows-hangs-in-the-balance-after-three-arrows-implosion
The market is abuzz with speculation over the personal assets of Three Arrows Capital (3AC) founder Su Zhu, following news of the crypto hedge fundโs liquidation order by a British Virgin Islands court on Monday (Jun 27).
As liquidators close in on the insolvent firm, a luxury bungalow in Singapore bought just in December for S$48.8 million by Zhu has been a topic of much discussion.
Read more here: https://www.businesstimes.com.sg/garage/fate-of-crypto-investor-su-zhus-bungalows-hangs-in-the-balance-after-three-arrows-implosion
The Business Times
Fate of crypto investor Su Zhuโs bungalows hangs in the balance after
THE market is abuzz with speculation over the personal assets of Three Arrows Capital (3AC) founder Su Zhu, following news of the crypto hedge fundโs liquidation order by a British Virgin Islands
BlockFi announces deal with FTX US, including 'option to acquire' for $240M ๐ค
FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.
In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi โat a variable price of up to $240 million based on performance triggers.โ According to the CEO, the deal was reached as part of an effort โto bolster liquidity and protect client fundsโ at BlockFi.
Read more here: https://cointelegraph.com/news/blockfi-announces-deal-with-ftx-us-including-option-to-acquire-for-240m
FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.
In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi โat a variable price of up to $240 million based on performance triggers.โ According to the CEO, the deal was reached as part of an effort โto bolster liquidity and protect client fundsโ at BlockFi.
Read more here: https://cointelegraph.com/news/blockfi-announces-deal-with-ftx-us-including-option-to-acquire-for-240m
Cointelegraph
BlockFi announces deal with FTX US, including 'option to acquire' for $240M
Zac Prince, the chief executive officers of BlockFi, said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi โat a variable price of up to $240 million based on performanceโฆ
Cryptoโs ongoing crisis is an opportunity for realignment โณ
The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both. Despite the downturn of events surrounding the crypto industry, there are ways to create a post-crash crypto era that is better, smarter and more creative.
Read more here: https://cointelegraph.com/news/crypto-s-ongoing-crisis-is-an-opportunity-for-realignment
The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both. Despite the downturn of events surrounding the crypto industry, there are ways to create a post-crash crypto era that is better, smarter and more creative.
Read more here: https://cointelegraph.com/news/crypto-s-ongoing-crisis-is-an-opportunity-for-realignment
Cointelegraph
Cryptoโs ongoing crisis is an opportunity for realignment
This bear market is an opportunity to finally realign and deliver on the utopian promise of cryptoโs heady early days.
๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐๐ซ๐ข๐๐๐ง ๐๐๐ฉ๐ฎ๐๐ฅ๐ข๐ ๐ฅ๐๐ฎ๐ง๐๐ก๐๐ฌ ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ฒ ๐๐๐ฅ๐ฅ๐๐ '๐๐๐ง๐ ๐จ ๐๐จ๐ข๐ง' ๐
President Faustin-Archange Touadรฉra of the Central African Republic (CAR) launched Sango Coin as the country's national cryptocurrency in a virtual event broadcast on Sunday.
Dubbed the โSango Genesis Event,โ it saw the countryโs president enumerate plans for bitcoin and crypto utilization.
Read more here: https://www.theblock.co/post/155665/central-african-republic-launches-national-cryptocurrency-called-sango-coin
President Faustin-Archange Touadรฉra of the Central African Republic (CAR) launched Sango Coin as the country's national cryptocurrency in a virtual event broadcast on Sunday.
Dubbed the โSango Genesis Event,โ it saw the countryโs president enumerate plans for bitcoin and crypto utilization.
Read more here: https://www.theblock.co/post/155665/central-african-republic-launches-national-cryptocurrency-called-sango-coin
The Block
Central African Republic launches national cryptocurrency called 'Sango Coin'
The Central African Republic now has a new national cryptocurrency called Sango Coin that will be used to power its digital economy.
๐๐๐ฒ๐ฌ ๐ฅ๐จ๐ฌ๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฎ๐ฅ๐: ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ฑ๐๐ก๐๐ง๐ ๐ ๐๐ซ๐๐๐ณ๐๐ฌ ๐ฐ๐ข๐ญ๐ก๐๐ซ๐๐ฐ๐๐ฅ๐ฌ โ๏ธ
Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the โdifficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.โ
In what appears to be a run on the crypto bank, the group intends to โapply to the Singapore courts for a moratorium,โ as Vauld customers have tried to withdraw an โexcess of a $197.7 million since 12 June 2022.โ
Read more here: https://cointelegraph.com/news/keys-lost-in-the-vauld-singapore-crypto-exchange-freezes-withdrawals
Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the โdifficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.โ
In what appears to be a run on the crypto bank, the group intends to โapply to the Singapore courts for a moratorium,โ as Vauld customers have tried to withdraw an โexcess of a $197.7 million since 12 June 2022.โ
Read more here: https://cointelegraph.com/news/keys-lost-in-the-vauld-singapore-crypto-exchange-freezes-withdrawals
Cointelegraph
Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals
A statement from Vauld crypto exchange suggests crypto contagion has forced its hand in freezing customer money.
๐๐๐ ๐ฐ๐๐ข๐ ๐ก๐ข๐ง๐ ๐ฆ๐จ๐ซ๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ฌ๐๐๐๐ ๐ฎ๐๐ซ๐๐ฌ ๐๐จ๐ซ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ: ๐๐ก๐๐ซ๐ฆ๐๐ง ๐
Singapore is considering more safeguards to protect consumers after the plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent.
There had been careful consideration of having additional consumer protection rules, including limiting retail participation and imposing rules on the use of leverage, or borrowed capital, when transacting in cryptocurrencies.
Read more here: https://www.straitstimes.com/business/banking/mas-weighing-more-crypto-safeguards-for-consumers-tharman
Singapore is considering more safeguards to protect consumers after the plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent.
There had been careful consideration of having additional consumer protection rules, including limiting retail participation and imposing rules on the use of leverage, or borrowed capital, when transacting in cryptocurrencies.
Read more here: https://www.straitstimes.com/business/banking/mas-weighing-more-crypto-safeguards-for-consumers-tharman
The Straits Times
MAS weighing more crypto safeguards for consumers: Tharman
Plunging crypto prices saw a series of prominent firms, including several based here, turning insolvent.
Read more at straitstimes.com.
Read more at straitstimes.com.