According to a statement released on August 29, the troubled cryptocurrency lender Hodlnaut has been placed under the supervision of interim judicial management (IJM). The notification states that the court has designated Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as temporary managers for the firm based … Read more
Alexis Ohanian, the co-founder of Reddit, is a partner at Seven Seven Six, a venture capital firm that plans to raise $177.60 million for a new cryptocurrency-focused fund that will be called Kryptós. According to the marketing materials for the fund that were viewed by The Information, it was said that “this is possibly a … Read more
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), stated on August 29 that Singapore intends to raise the entry hurdle into cryptocurrency trading for retail investors since these investors are “oblivious” to the risks that are connected with the activity. Menon claims that retail interest in cryptocurrencies is still quite high … Read more
Sam Bankman Fried, a crypto billionaire, is contesting allegations that two of his companies, FTX and Alameda Research, are integrating their venture capital investing activities. The companies in question are FTX and Alameda Research. The announcement, which was made public by Bloomberg, came just one day after Alameda co-CEO Sam Trabucco resigned from his position, … Read more
In a move that has never been seen before, Tether (USDT) has disregarded penalties imposed by the Office of Foreign Assets Control (OFAC). Because OFAC does not indicate “that a stablecoin issuer is expected to freeze secondary market addresses,” the organization has made the decision to go against the recommendations of OFAC. As a result, … Read more
Another cryptocurrency company in India is now the target of an investigation by India’s financial crimes unit. According to recent reports, India’s Enforcement Directorate (ED) has leveled allegations of illegal forex activity against one of India’s top cryptocurrency exchanges, CoinSwitch Kuber. Additionally, on Thursday, the agency conducted investigations at five other CoinSwitch locations. Reuters was … Read more
It would appear that the Ethereum [ETH] whales have reversed their previous decision to exclude Shiba Inu [SHIB] from their top holdings in the cryptocurrency market. Remember that these whales had just cashed out of a SHIB stake worth three figures in millions of dollars. As of right now, SHIB is once again a topic … Read more
In Afghanistan, bitcoin dealers are coming under increasing pressure from the hardline Islamic group known as the Taliban. On Friday, the topic was discussed in the Bloomberg media. A prominent Afghan police official named Sayed Shah Sa’adaat recently discussed the crackdown in a chat with Bloomberg News. Since late December of the previous year, when … Read more
Joseph Longo, the chair of the Australian Securities and Investments Commission (ASIC), has been very explicit about the way he feels about cryptocurrency investments. “Being a crypto cheerleader is not part of my job description,” she said. Longo stated on Tuesday at a luncheon hosted by the Committee for Economic Development of Australia that cryptocurrency … Read more
VanEck, an asset management company with headquarters in New York, once again needs to wait for the United States Securities and Exchange Commission (SEC) to render a decision about its most recent application for a Bitcoin exchange-traded fund (ETF). On June 24, Van Eck, which manages more than $65 billion in assets, submitted its most … Read more