The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins. The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues...Continue Reading

Sygnum debuted cryptocurrency staking about two years ago with Tezos staking, eventually expanding the service to ICP and Et2. Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking. Sygnum announced on Tuesday that the firm has expanded its bank-grade staking offering with Cardano, allowing clients to generate rewards...Continue Reading

ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro. A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as...Continue Reading

Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases. With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says...Continue Reading

Markus Thielen of Singapore asset manager IDEG believes ETH could be headed for a consolidation phase, turning “cautious” on the cryptocurrency. After a surge in Ethereum (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer.  In a report shared with Cointelegraph on...Continue Reading

Shib Eternity unveiled as the name of Shiba Inu’s upcoming mobile NFT game, and Funko will launch sets of NFT packs depicting Avatar character collectibles. Gaming YouTube streamer “Dr Disrespect” unveiled the first sneak peek of his upcoming NFT shooter game dubbed Deadrop on July 30. The initial reaction has been mixed, however, with some underwhelmed...Continue Reading

The Tether printers have been fired up again as the USDT circulating supply has started to tick up. The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.  The first mint in almost three months occurred...Continue Reading

Vauld’s parent company Defi Payments Ltd says the moratorium granted on Monday will give it the necessary breathing room to form a restructuring plan. Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday.  Its initial request...Continue Reading

SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme” The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage.  The charges...Continue Reading

Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours. The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in...Continue Reading