Malaysia grants Hata in-principle approval to operate digital asset exchange
The Malaysian Securities Commission has given crypto firm, Hata, a conditional approval to operate a “digital asset exchange” with a “digital broker” license.
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Brazilian congressional committee calls for Binance CEO Zhao’s indictment
The congressional committee accused Changpeng Zhao and three other executives, along with 45 individuals, of running a financial pyramid scheme in the country.
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S.Korea’s crypto market rebounds in H1 but down 48.5% from 2021 close
South Korea’s cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end of 2021, according to the Korea Financial Intelligence Unit (KOFIU), a government agency that oversees the nation’s anti-money laundering regime. See related article: Hamas crypto donation accounts frozen by Israel…
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Hamas crypto donation accounts frozen by Israel police
Israel Police’s cyber unit, Lahav 443, halts Hamas’ cryptocurrency fundraising efforts following Israeli crypto firms’ aid initiatives for war-affected citizens.
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Israel crypto firms launch emergency crypto fund
Crypto Aid Israel, a fund aiding war-impacted citizens, uses a multi-signature wallet for Bitcoin, Ether, and stablecoins donations.
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Crypto investment products record highest inflows since July: CoinShares
Inflows in cryptocurrency investment products reached US$78 million last week, the highest volume since July, according to crypto asset manager CoinShares. See related article: Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang Fast Facts See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court
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DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court
Sam Bankman-Fried, the co-founder and former chief executive officer of cryptocurrency exchange FTX, should be blocked from bringing up artificial intelligence firm Anthropic’s latest fundraising efforts in his defense against the U.S. Department of Justice (DOJ), prosecutors said in a court filing on Sunday. See related article: Little-known FTX co-founder Gary Wang testifies in Sam…
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Can Asia’s progressive regulators tame crypto’s Wild West?
The Web3 sun is shining in Hong Kong, Singapore and Japan, where forward-thinking regulations are fostering crypto’s growth while boosting investor protections.
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Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang
Gary Wang, co-founder and former chief technology officer of cryptocurrency exchange FTX, testified on Friday that Alameda Research, the sister trading firm of the exchange, had a special line of credit of up to US$65 billion from FTX, that allowed the firm to spend US$8 billion of customer funds. See related article: Little-known FTX co-founder…
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Weekly Market Wrap: Bitcoin falls 1.3% following U.S. jobs report
Bitcoin fell 1.3% in the hour following the U.S. jobs report, fueling market concerns that borrowing costs will remain high over a longer period of time.