CoinFLEX issues recovery tokens; MAS says cryptos not currencies
CoinFLEX to solve its liquidity problems by issuing a recovery token. Meanwhile, Singapore’s central bank doubts crypto capabilities.
Welcome to The Daily Forkast – June 28, 2022 – presented by Joel Flynn.
Coming up on today’s show:
CoinFLEX to issue US$47 million in tokens as it waits for ‘crypto whale’ to pay up.
Meanwhile, Voyager Digital issues notice of default to Three Arrows Capital.
Over in the markets, investors yank US$453 million from digital assets in one week.
In China, blockchain developer BSN calls crypto a huge ponzi scheme.
And finally, the Monetary Authority of Singapore says that crypto is unlikely to perform the functions of money.
We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast June 28.