Amber Group May Sell its Japan Unit After Buying DeCurret
Amber Group, a crypto lending platform based in Singapore, is thinking about selling its Japan unit as part of a plan to focus more on institutional than retail customers, managing partner Annabelle Huang said in a Bloomberg Television interview Friday. Amber Group bought Japanese crypto exchange DeCurret last year for an undisclosed amount. DeCurret is […]
Crypto Industry Opposes US SEC’s DeFi Regulation Plan
The US Securities and Exchange Commission (SEC) announced its intention to regulate decentralized finance (DeFi) platforms that trade crypto securities. He said that this would protect investors and enhance cybersecurity. However, Gensler’s plan has met with strong opposition from the crypto industry and some US lawmakers. They argue that Gensler is overstepping his authority and […]
BNB Chain updates list of untrustworthy DApps, Fake Tokens
Binance-owned BNB Chain in a bid to help users make the right investment decisions has updated its red alert list to include 191 high-risk initiatives, fake tokens, and decentralized applications (DApps) hosted on the blockchain. The red alarm list of BNB Chain, updated every Friday, includes projects and DApps considered risky investments based solely on […]
Binance Upgrades Shiba Inu (SHIB) Listing as Whales Move Trillions
Shiba Inu (SHIB), one of the most popular meme-based cryptocurrencies, has achieved a new milestone on Binance, the world’s largest crypto exchange by trading volume. On April 18, Binance announced that it would move SHIB, along with three other tokens – Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH) – out of the […]
Bittrex reportedly faces potential action from US SEC
Cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite its plans to cease local operations in the country. The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex for alleged investor protection violations, according to an April 16 report by The […]