Crypto

Crypto Exchange Binance Pursues Aggressive Expansion Plan in Southeast Asia

Binance has embarked on an aggressive expansion plan in Southeast Asia where the cryptocurrency exchange is looking to capitalize on booming trading activity to establish leadership in the region, and build influence in local markets. These ambitions were materialized by

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Singaporean Crypto Exchange Vauld Suspends All Withdrawals, Trading and Deposits

Singapore-based crypto platform Vauld announced that it will suspend all withdrawals, trading and deposits on its platform with immediate effect. Vauld said in a statement that it is facing financial challenges as it had to contend with customer withdrawals in

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MAS Considers Imposing Additional Safeguards Against Crypto Trading

The Monetary Authority of Singapore (MAS) has been carefully considering the introduction of additional consumer protection safeguards to protect them against sharp speculative price swings. Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS said in a parliamentary reply

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Binance to Share Expertise on Digital Assets With Cambodian Regulator

Global cryptocurrency exchange Binance announced the signing of a Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC). Binance and SERC will collaborate to develop the securities sector in Cambodia where the former will share its technical

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Three Arrows Capital Rebuked for Misleading MAS and Exceeding Its AUM Threshold

The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (TAC) for providing false information to the regulator and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). In August

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World’s Most-Followed Tiktoker Khaby Lame Joins Binance as Brand Ambassador

Global cryptocurrency exchange Binance has partnered with Khaby Lame, the Italian Senegalese creator who grew to fame through his viral TikTok videos, to join as a global brand ambassador. Binance will partner with Khaby on exclusive NFT collections as well

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Huobi Global to Slash Workforce by 30% Following String of Failed Expansions

Cryptocurrency exchange Huobi Global might lay off more than 30% of its workforce due to a sharp drop in revenue, according to crypto reporter Colin Wu. This was due to Beijing’s crypto ban which forced Huobi to drop its Chinese

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MAS Grants In-Principle Approval to Sparrow for Digital Payment Token Services

Digital assets trading platform Sparrow announced that it had secured an in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license to provide Digital Payment Token (DPT) services. The company said that it is

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Crypto.com Secures In-Principle Approval for a Major Payment Institution License

Crypto.com announced today that it has received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). Once Crypto.com secures the full license, the crypto exchange will be able to offer a wide range of

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Bybit Plans Massive Layoffs to Remove Dead Weight to Face Crypto Winter

Cryptocurrency exchange Bybit plans to lay off up to 30% of its workforce saying that while the organisation’s size had grown exponentially, the pace of its overall business growth has lagged. According to an internal email by Ben Zhou, Co-founder

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