Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time.
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What are crypto-backed mortgages, and how do they work?
Crypto-backed mortgages involve using cryptocurrency holdings as collateral to secure loans, offering benefits like access to liquidity without selling assets.
Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses
In addition to attracting talent, Dubai has also given out operational licenses to crypto exchanges over the past several months.
Singapore central bank releases regulatory framework for stablecoins
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.
Singapore central bank releases regulatory framework for stablecoins
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Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins regulated in the city-state.
The Monetary Authority of Singapore announced the framework on Aug. 15 and said it will police single-currency stablecoins (SCS) pegged to the value of the Singapore dollar or G10 currencies such as the euro, British pound and United States dollar.
Excerpt from statement regarding its stablecoin regulatory framework. Source: MAS“MAS’ stablecoin regulatory framework aims to facilitate the use of stablecoins as a credible digital medium of exchange, and as a bridge between the fiat and digital asset ecosystems," said the bank's deputy managing director of financial supervision Ho Hern Shin.
Base project RocketSwap shares emergency plan following $865K exploit
RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14.
Base project RocketSwap shares emergency plan following $865K exploit
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Base project RocketSwap Labs has outlined its emergency programme to bounce back from a brute force hack which swiped $865,000 or 471 Ether (ETH) from the protocol on Aug. 14.
The team explained on Aug. 15 that they plan on redeploying a new farm contract and open-source it on-chain, relinquish minting rights — presumably of RCKT — and will soon call on the hackers to return the assets, among other things:
On Aug. 14, a hacker stole approximately 471 ETH and bridged it from Base to Ethereum, according to blockchain security firm PeckShield.
‘Evidence is piling’ for a new crypto bull run: Delphi Digital co-founder
Delphi Digital co-founder Kevin Kelly believes a recent change in a key U.S. manufacturing business index could be one of the bellwethers for a crypto bull run.
Binance seeks protective order against SEC’s ‘fishing expedition’
The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors.
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
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Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.
Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14 motion filed by United States federal prosecutors.
“Salame’s attorney has represented that if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimination,” the prosecutor’s motion states, adding that Salame would be “unavailable as a witness.”
Salame, a former co-CEO of FTX Digital Markets with close ties to Sam Bankman-Fried, donated more than $24 million to Republican campaigns, according to Open Secrets.
Crypto highlighted as 'novel and complex' risk to US banks: FDIC report
The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks.
Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor
Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor
Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
Grayscale Bitcoin ETF decision could happen this week, say pundits
The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund.
Immutable zkEVM begins testnet phase with 12 Web3 games in development
The Web3 gaming company announced that its fully Ethereum-compatible network is now available for public testing.
Immutable zkEVM begins testnet phase with 12 Web3 games in development
The Web3 gaming company announced that its fully Ethereum-compatible network is now available for public testing.
Kraken Ventures to raise $100M in second fund with focus on ‘early stage founders’
The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support.
Latest superseding indictment against Sam Bankman-Fried includes campaign finance allegations
Sam Bankman-Fried allegedly used more than $100 million “in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation”.
SBF jailed, FTX partners under attack: Law Decoded
Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials.