Problems with tokenizing real estate and how to fix it
Real estate as an investment is not very liquid, composable or accessible, writes Joel Lin of CitaDAO. Can tokenization and DeFi transform this market?
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Australia to keep pace with crypto laws with “token mapping”
The Australian Treasury under the ruling Albanese Government will prioritize “token mapping” in 2022 to help regulations Down Under keep pace and adapt with the crypto sector. See related article: Singapore’s MAS to further strengthen crypto regulations Fast facts “Token mapping”, the primary step in the government’s reform agenda, intends to identify the appropriate direction…
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Hodlnaut exploring option to allow withdrawal of deposits with interest before closing accounts
The Singapore and Hong Kong-based crypto lender said it was exploring options to allow users to withdraw deposits at an undisclosed discount rate, while seeking Singapore court approval to appoint a judicial manager for the company, according to a post on its blog on Friday. See related article: How a market slump may be helping…
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Crypto exchange Gemini launches MATIC, ETH, SOL and DOT staking
The New York-based crypto exchange said its staking service will allow customers to stake their cryptocurrencies and receive rewards within their Gemini account. See related article: Gemini sued over US$36 mln Bitcoin and Ethereum hack Fast facts Gemini Staking will be available for users across the U.S. (excluding New York), Singapore, and Hong Kong, the…
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Bitcoin, Ether fall in broad crypto pull back; memecoins reverse gains
Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a…
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Eqonex closes crypto exchange as market woes prompt cost-cutting
Top blockchain and crypto news: Eqonex shutters exchange operation. Huobi denies sale report. Taiwan beefs up cyber defenses.
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Crypto exchanges’ race to the bottom on fees scalps Eqonex
Nasdaq-listed Eqonex’s decision to shutter its low-fee crypto exchange business to focus on asset management and custodial services may prompt similar moves in the highly commoditized industry.
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Crypto lender Hodlnaut seeks judicial management for protection against creditors
Singapore-based cryptocurrency lender Hodlnaut has filed an application with the Singapore High Court to be placed under judicial management, which could provide the company “the breathing space to focus our efforts on the recovery plan to rehabilitate the company,” Hodlnaut said on Tuesday. See related article: Crypto lender Hodlnaut halts withdrawals, ends token swap feature…
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Shareholders ask Zipmex CEO to step down amid restructuring
The chief executive officer of troubled crypto exchange Zipmex is being asked to resign by shareholders and potential investors, citing Marcus Lim’s management decisions that led to a severe cash crunch, while the company was granted a three-month moratorium to try to restructure. See related article: Why Singapore may be the ideal place for companies…