Caught between a rock and a hard place, Singapore tightens crypto oversight
A desire to stay in line with global anti-money laundering and anti-terrorism norms is forcing the city state’s hand when it comes to regulating cryptocurrency exchanges.
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Ashton Kutcher, Mark Cuban-backed startup sells autographs as NFTs
Ink, the Ashton Kutcher and Mark Cuban-backed Web 3.0 platform that allows artists and creators to sign, draw or write on any form of digital content into non-fungible tokens (NFTs), launched Wednesday. See related article: Warner Music is ready to play in The Sandbox metaverse Fast facts By digitally signing any existing photo, album cover,…
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Russian crypto miner Bitriver added to US sanctions list
The U.S. sanctioned Russian cryptocurrency miner Bitriver and its 10 subsidiaries on Wednesday, in an attempt to further isolate Russia from the global economy for invading Ukraine. See related article: Russia proposes Bitcoin payments for oil and energy exports Fast facts “Russia has a comparative advantage in crypto mining due to energy resources and a…
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World Bank rescue package throws lifeline to crypto markets
Top blockchain and crypto news: Crisis response brings crypto relief. North Korea’s Lazarus Group named in Ronin hack. NFTs face new risks in China.
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Will the dog have its day on Doge Day?
Holders of the world’s leading memecoin are hoping for a repeat of 2021 where a community effort helped propel the token’s price into the stratosphere. But one industry watcher says the market is a very different place now.
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Alibaba extends NFT reach with its food delivery arm
Alibaba-owned Ele.me announced the launch of its first non-fungible tokens (NFTs) on Tuesday with the Hangzhou Cuisine Museum, featuring traditional Hangzhou dish cod meatballs. See related article: Chinese tech giant Huawei debuts NFTs Fast facts See related article: China’s largest broadcaster’s NFT series becomes a trilogy
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Robinhood to acquire UK crypto app Ziglu in Europe expansion
Robinhood announced Tuesday it will purchase London-based crypto firm Ziglu as part of the trading platform’s global expansion. See related article: SHIB price pumps on Robinhood listing with SOL, MATIC, COMP Fast facts U.K.-based users of Robinhood can access 11 cryptocurrencies with Ziglu, earn yield, pay with debit cards, and send crypto across borders. Robinhood…
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S.Korea eyes restraints on crypto unicorn Dunamu over monopoly concerns
The Korea Fair Trade Commission (KFTC) is reportedly planning to designate local crypto exchange Upbit owner Dunamu as an enterprise subject to limitations on mutual investment, which would add more regulations to the entity. See related article: Two crypto exchanges reach unicorn status in South Korea Fast facts A company with total assets over 10…
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India’s WazirX cofounders move to Dubai
Cofounders of the Binance-backed Indian crypto exchange WazirX have reportedly moved to Dubai amid regulatory uncertainty and taxation, local media report. See related article: India’s crypto tax will incur losses for government, says WazirX CEO Fast facts Nischal Shetty and Siddharth Menon have reportedly moved to Dubai along with their families. “Crypto has no boundaries,”…