Crypto Exchange Dasset Files for Bankruptcy
Dasset, a cryptocurrency exchange situated in New Zealand, has filed for liquidation. Customers reportedly can’t access their accounts. According to the CEO of the business, Stephen Macaskill , Dasset requested voluntary liquidation. New users can still sign up on the website, however. The advisory firm Grant Thornton was chosen to be the company’s liquidator. Their […]
Coinbase Exchange Launches Stand with Crypto Alliance
Coinbase has announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community. The goal is to encourage the cryptocurrency sector to engage in U.S. legislative activity. The Stand With Crypto Alliance also seeks to influence how the U.S.’s crypto ecosystem will look. Coinbase’s new organization aims to build […]
Prime Trust Files for Bankruptcy
Fintech Prime Trust, a company that manages cryptocurrency, has filed for Chapter 11 bankruptcy in the US. Prime Trust has selected former Bank of Nevada president John Guedry as the receiver. He will direct the company’s activities throughout the bankruptcy process along with other representatives. Nevada’s regulatory authorities determined that the business was bankrupt and […]
Singapore Unveils New Regulatory Framework for Stablecoins
Singapore’s Monetary Authority (MAS) has introduced regulations for stablecoins linked to the Singapore Dollar or other major fiat currencies. Any stablecoin valued over S$5 million will now fall under MAS regulation. This step aligns with Singapore’s aim to boost digital asset innovation and stability. The MAS believes well-regulated stablecoins can facilitate advanced practices like on-chain […]
Coinbase Rolls Out Crypto Services in Canada
Coinbase, a trading platform previously only available in the US, has now expanded its operations to Canada. The company has partnered with Peoples Trust Company to include Interac e-Transfers as a payment option for Canadian users, making transactions smoother. Recent data shows that many users are using Interac e-Transfers for deposits. Coinbase has also introduced […]