The Monetary Authority of Singapore (MAS) has recently heightened the risk level of Digital Payment Token (DPT) service providers as part of its latest Counter-Terrorism regulation update. This move, which took effect on July 1, saw the MAS elevate the risk level of DPTs from medium-low to medium-high. The decision was made following a comprehensive
Billionaire investor Mark Cuban has recently called upon the US Securities and Exchange Commission (SEC) to revise Form S-1 to make it easier for token-based companies to register with the regulatory body. This plea comes in the wake of SEC Commissioner Mark Uyeda’s critique of the agency’s approach to crypto disclosure filings, labeling it as
Binance.US, the American arm of the leading global cryptocurrency exchange Binance, is gearing up for the next phase in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to have the case dismissed, the court has ruled in favor of the SEC. The exchange expressed its readiness to proceed with the
In a recent essay titled “Zoom Out,” Arthur Hayes, the co-founder of BitMEX, delved into a detailed analysis of historical economic cycles and their implications for the current financial landscape, particularly focusing on the potential revival of the Bitcoin and crypto bull run. Hayes draws parallels between the economic upheavals of the 1930s-1970s and today’s
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His expertise in technical analysis and market insights has earned him a reputation as a trusted advisor to investors worldwide. From a young age, Aayush showed a natural talent for decoding complex systems and
Ethereum price has recently experienced a downside correction from the $3,520 zone. Despite this, ETH remains stable above $3,420 and there is potential for another increase in the near term. The price failed to surpass the $3,520 zone, leading to a downward correction. However, it is currently trading above $3,420 and the 100-hourly Simple Moving
Bitcoin has been experiencing a period of volatility, with the price dropping below $60,000 before recovering to establish support above $61,000. Despite this recovery, the cryptocurrency has been struggling to break through important resistance levels, such as $63,500, leading to a bearish sentiment in the market. Analyst Alan Santana has recently predicted a significant price
The recent report released by the Polkadot Treasury for the first half of 2024 has sparked concerns surrounding an imminent funding crisis within the ecosystem. The report sheds light on the complexity of managing the Treasury’s assets, spread across multiple chains, effectively. DeFi Ignas, a decentralized finance researcher, has delved into the report, emphasizing the
The Bahamas is facing a significant challenge in increasing adoption rates of its central bank digital currency (CBDC), the “Sand Dollar.” Despite the currency being launched in 2020, the uptake has been slow, with the CBDC accounting for less than 1% of the country’s currency in circulation. This low adoption has prompted the Central Bank
Recently, Silvergate Capital found itself in hot water, settling with the SEC for a hefty $50 million. This settlement came as Federal Reserve governors and California financial regulators demanded an additional $63 million in fines on the company on July 1. The SEC alleged that Silvergate Capital, along with its subsidiary Silvergate Bank, and two