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In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets. (Shutterstock) The Monetary Authority of Singapore (MAS) has proposed a slew of new rules to rein in the local crypto industry â starting with some stringent standards for stablecoin issuers. The rules...
Small cap platform that promised users up to 43% in annual awards puts the brakes on withdrawals and scrubs team from site. Freeway, a crypto staking platform, announced late Sunday that it had paused withdrawal services, citing volatility in the crypto and forex markets and sending its token into a free-fall. The Freeway (FWT)token is downroughly 80% in the hours...
The federal regulatorâs annual enforcement results revealed that over 20% of the CFTCâs enforcement actions in 2022 involved crypto. CFTC Chair Rostin Behnam (Nikhilesh De/CoinDesk) The U.S. Commodity Futures Trading Commission (CFTC) brought 82 enforcement actions in fiscal year 2022 â a whopping 22% of which were filed against crypto-related entities. According to the federal regulatorâsannual enforcement reportpublished Thursday, the...
MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth. MakerDAO founder Rune Christensen (CoinDesk TV) Venture capital giantAndreessen Horowitz(a16z) is not on board with the founderâs vision to break upMakerDAO, one of...
Government to allow smartphones to replace existing ID cards Korea sees economic value of digital IDs at around 3% of GDP A pedestrian usesa smartphone at Seoul Station in Seoul, South Korea. Photographer: SeongJoon Cho/BloombergSouth Korea plans to offer a digital identity secured by blockchain to citizens with a smartphone as it taps into the worldâs most tech-savvy population to...
Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now-bankrupt crypto lender. The influencer says her marketing sponsorship role is no different than doing fashion ads. Crypto influencer Maren Altman (Maren Altman) Maren Altman, a popular bitcoin and ether-focused astrologist, is suddenly a fallen star among...
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21. The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on...
The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol. Falling dominoes (Getty Images) South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol, TrueFi said in astatementSunday. According to the statement, TrueFi issued a ânotice of defaultâ to Blockwater on...
The chain has now resumed operations after fixing a exploit that allowed an attacker moved $100 million-$110 million in crypto off the Binance-linked blockchain. Binance's CZ speaking at Messari Mainnet (Danny Nelson/CoinDesk) BNB Chain isback in operationas of 07:00 Coordinated Universal Time (UTC) after it was forced to hit the brakes on Thursday after the blockchain with ties to the...
The fund has raised about $5 million since sales opened in late September Fidelityâs new Ethereum Index Fund will offer clients access to ether (ETH), the second-largest cryptocurrency by market capitalization. The fund has raised about $5 million since sales started on Sept. 26, according to a filing with theU.S. Securities and Exchange Commission. The minimum investment is $50,000. Fidelity...
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