Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. The Monetary Authority of Singapore (MAS) is introducing proposals to better regulate the cryptocurrency industry in the aftermath of the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital (3AC). The central bank...Continue Reading

The tally of “rekt” traders keeps mounting as Bitcoin revisits levels absent since September. Bitcoin (BTC) saw its highest levels since mid-September on Oct. 26 as BTC/USD approached the pivotal $21,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bears lose big as Bitcoin climbs Data from Cointelegraph Markets Pro and TradingView showed the pair...Continue Reading

MATIC price could sustain bullish momentum on cues from a mix of optimistic fundamental and technical indicators. A sharp rebound in the Polygon (MATIC) market in the last four months has increased its price by 200% when measured from its June 2022 bottom of $0.31. And now, the token is showing signs of undergoing another...Continue Reading

The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters. A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States...Continue Reading

Seba Bank’s retail and institutional clients can now store tokens of Ethereum-based NFT collections like Bored Apes and CryptoPunks in the bank’s new custodial service. The decline of the nonfungible tokens (NFT) market doesn’t seem to be a problem for the Swiss cryptocurrency-focused bank Seba as the firm now allows its customers to store NFTs....Continue Reading

The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found guilty. The former chairman of the South Korean cryptocurrency exchange Bithumb, Lee Jung-hoon, could face a possible maximum sentence of eight years in prison if...Continue Reading

After Elon Musk signaled his intention to continue the deal to buy the social media platform earlier in October, reports are emerging that the acquisition is almost over. Crypto-friendly billionaire Elon Musk is set to finalize the acquisition of social media platform Twitter by Friday, Oct. 28 which brings to a close the protracted Musk-Twitter...Continue Reading

Reddit’s NFT collections have taken some of the top 10 spots on OpenSea and seen millions in sales volume over the past week. Reddit NFTs among OpenSea’s top 10 collections Reddit’s Polygon-based nonfungible token (NFT) venture continues to impress with three of its tokenized avatar collections cracking the top 10 projects on OpenSea in terms...Continue Reading

With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens. Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population. According to a Bloomberg report, less than 0.5% of Nigeria’s 217 million population are using the government-issued digital...Continue Reading

The crypto yield platform said one of its trading strategies “appears to have failed” forcing the firm halt services earlier this week. Crypto staking platform Freeway pointed at the failure of one of its trading strategies, along with market conditions as the leading reason for halting user withdrawals earlier this week. The crypto yield platform...Continue Reading