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 […]
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 […]
Nasdaq to Offer Crypto Custody by Q2 as Bank of America Highlights TradFi Benefits
Nasdaq, the second-largest stock exchange in the world by market capitalization, is planning to launch a crypto asset custody service by the end of Q2 2023, according to a report by The Block. The move is part of a broader trend of traditional finance, or TradFi; firms entering the crypto space and offering institutional-grade products […]
Dogecoin Nears $0.1 as Crypto Market Surges: What’s Behind the DOGE Rally?
Dogecoin (DOGE), the meme-inspired cryptocurrency featuring a Shiba Inu dog as its mascot, has surged past $0.09 and is now approaching the key level of $0.1. Dogecoin was created in 2013 as a joke based on the popular “doge” internet meme. However, it has gained a loyal community of supporters who use it for tipping, […]