Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will let the platform provide a range of payment services in the country. On Wednesday, June 22, Crypto.com announced the approval from MAS, which is necessary for offering the Digital Payment Token services within the framework of…
Month: June 2022
Former Huobi Senior Manager Accused of Illicit Trading: Report
Hong Kong authorities are prosecuting a former senior manager at crypto exchange Huobi, accusing him of illicitly making $5 million by secretly trading against the company. Per a report by The Financial Times on Wednesday, the case revolves around trades allegedly executed in February and March 2020 by Chen Boliang, a former senior manager in Huobi’s institutional clients department. Chen…
Bitcoin price wicks below $20K as whales send 50K BTC to exchanges
Bitcoin bulls lose their grip as BTC price action remains firmly below a key long-term trendline. Source: https://cointelegraph.com/news/bitcoin-price-wicks-below-20k-as-whales-send-50k-btc-to-exchanges
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
The 2.8-million nation of Qatar is going to join a growing range of countries, experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank (QCB) is currently “in the foundation stage” of issuing its digital currency. On June 21, during the “Inflation Test” session at the Qatar Economic Forum, QCB Governor Sheikh Bandar bin Mohammed bin Saoud…
Ukraine Raises Over $100,000 From Cryptopunk NFT Sale – Bitcoin News
The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine Government Sells Donated Cryptopunk Token for 90 ETH Ukrainian authorities have raised over $100,000…
Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal
The firm has entered an agreement with special purpose acquisition company Goldenstone Acquisition Ltd, through which it will pursue the listing. Source: https://cointelegraph.com/news/roxe-holding-in-talks-for-listing-on-nasdaq-via-3-6b-spac-deal
Bitcoin miners sold their entire May harvest: report
The cryptocurrency market entered a sell-off phase in the first week of June, seeing a market-wide route with the majority of cryptocurrencies falling to a 4-year low. The deteriorating market conditions have also affected Bitcoin (BTC) mining profitability adversely, forcing miners to liquidate their BTC holdings. New data from Arcane research shows that public Bitcoin mining firms sold 100% of…
Crypto resonates better with BIS’ vision of ideal monetary system
In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it comes to fulfilling the policy goals. While sharing its vision for the future monetary system, the BIS outlined eight high-level goals it hopes to achieve — safety and stability,…
Solana whale moves $25M of USDC debt from Solend to Mango Markets
The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more. Source: https://cointelegraph.com/news/solana-whale-moves-25m-of-usdc-debt-from-solend-to-mango-markets
Tether to launch GBPT stablecoin pegged to British pound sterling
Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP). Tether officially announced on June 22 that its upcoming GBP-pegged stablecoin, GBPT, will launch in early July and will initially support the Ethereum blockchain. GBPT will be a stable digital currency pegged on the 1:1 ratio to the GBPT, aiming…