Singapore Increases Risk Level for Crypto Exchanges
The Monetary Authority of Singapore (MAS) has revised the country’s Terrorism Financing regulations, increasing the risk level for crypto exchange platforms from medium-low to medium-high. The Singaporean regulator published an update to the country’s National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism (CFT) on July 1. The purpose of the […]
U.S. Marshals Service Partners with Coinbase; What To Gain?
Coinbase Prime seals a pivotal contract with the U.S. Marshals Service to manage large-scale digital assets amid legal challenges. The U.S. Marshals Service (USMS) has awarded Coinbase Prime a $32.5 million contract. Coinbase Prime is required to administer and custody large-cap digital assets as part of the partnership. This collaboration significantly advances applying blockchain technology […]
Bitdeer Launches 570 MW Power Facility in Ohio
Bitdeer has obtained a 30-year lease for property in the Ohio Hannibal Industrial Park, which the Monroe County Port Authority controls. The Chinese billionaire Jihan Wu created Bitdeer, a Bitcoin mining company, in 2020. Bitdeer and the Monroe County Port Authority have signed a 30-year lease to secure up to 570 MW of new power […]
Yield App Crypto Platform Shuts Down, Citing FTX Losses
On June 28, Yield App, a Seychelles-incorporated crypto investment platform, declared that it would cease all operations on its platform immediately, citing losses from FTX exposure. According to an official statement, the decision was made to guarantee that all consumers and stakeholders of Yield App receive equitable and equitable treatment. “This follows the realization of […]
Binance Targets Account Misuse, Warns of Suspensions
Binance introduces stringent measures to prevent account misuse, including improved monitoring systems and a community reporting program. Binance has disclosed a series of new measures that are designed to significantly improve the security and integrity of its platform. These initiatives aim to establish compliance with the platform’s standards and prevent misuse. Binance reiterates its commitment to […]