Singapore’s Central Bank To Impose Crypto Sanctions
The head of Singapore’s Central Bank says that this approach is “synergistic” and that price speculation is the cause of the problems in the crypto world. Ravi Menon, managing director of Singapore’s Central Bank, said that the bank wants to promote a digital asset ecosystem while putting limits on crypto speculation (MAS). Menon said in […]
Sam Bankman-Fried debunks Huobi Acquisition
After Bankman-tweet, Fried’s price of Huobi native token, HT, fell by about 6%. He also denies any allegations concerning Huobi’s acquisition. In a tweet on Monday morning, FTX CEO Sam Bankman-Fried said that the cryptocurrency exchange had no plans to buy Huobi, which CoinGecko says is one of the world’s largest with a daily trading […]
Zipmex Activates Recovery Plan, Restructuring Firm Helps
Zipmex has hired KordaMentha as its financial adviser to oversee a plan to get back on its feet. After having to stop withdrawals and file for protection from creditors in July, Singapore-based cryptocurrency exchange Zipmex hired a restructuring firm to help with a plan to get back on its feet. The exchange said on its […]
Afghan police shut down crypto exchanges to enforce prohibition
A month after issuing a warning regarding continued activity, the Afghan central bank proclaimed forex trading to be against Islam and illegal; as a result, arrests have now been made. According to a report in Ariana News, a local independent news source, police have shut down at least 16 bitcoin exchanges in the western Afghan […]
Coinbase User Sues over lockouts, Crypto as a Security
By failing to complete the necessary registration as a securities exchange, user accuses Coinbase of flouting federal and state regulations. On behalf of account and wallet users “who have had their accounts compromised and experienced damages deriving from the illicit transfer of funds,” one user has launched a class-action lawsuit against cryptocurrency exchange Coinbase. George […]