Illicit Crypto Terrorist Financing On The Rise, New Singapore Report Finds

cryptonews.com A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant…

Why Wall Street is still wary of DeFi

cryptobriefing.com Wall Street’s best and brightest are diving headfirst into tokenizing real-world assets, but they’re hitting a fork in the road: do they play it safe or venture into…

Alchemy Pay’s Advanced Banking Solution Enables Web3 Enterprises to Open Multi-fiat Accounts with…

alchemypay.medium.com In May, Alchemy Pay set an exciting venture into our new product the Web3 Digital Bank. As a pivotal player in the fiat-crypto payment sphere and a trusted provider of…

Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore

coindesk.com Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore "As a global financial centre and transport hub with a significant migrant workforce,…

MEET48 “2024 GIPR2” Voting Event Final Results on August 3rd, Ranking Top on DappBay and DappRadar

cryptopotato.com [PRESS RELEASE – Singapore, Singapore, July 26th, 2024] Recently, the “2024 GIPR2” voting event Dapp of MEET48, a metaverse virtual community based on an AI and WEB3.0…

Cash, not crypto, still top funding choice for terrorists, Singapore reports

cointelegraph.com Singapore’s 2024 terrorism threat assessment reveals a continued reliance on cash transfers for funding by terrorist groups despite some increase in crypto usage.

Crypto’s New Epicenter: Asia’s Rising Influence

coinpedia.org The post Crypto’s New Epicenter: Asia’s Rising Influence appeared first on Coinpedia Fintech News Actions by US regulators throughout 2023 that tend to be unfriendly to the…

Grayscale Ethereum Trust Sheds $327 Million in a Day as ETFs See Mixed Flows

decrypt.co The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale's Ethereum Trust ETF bearing the brunt of investor skepticism.…

Galaxy Asset Management Secures $113M for New Crypto Fund

cryptonews.com Galaxy Asset Management has successfully raised $113 million for a cutting-edge crypto venture fund in order to inject fresh capital into cryptocurrency startups.…

Alchemy Pay Partners with Paysafe to Expand Market Presence in Europe

alchemypay.medium.com Alchemy Pay, a world-leading fiat-crypto payment gateway, has announced a strategic partnership with Paysafe (NYSE: PSFE), a leading payments platform. With this…

India’s New Crypto Policy: Cryptocurrency Policy Discussion Paper by September

coinpedia.org Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010.…

Crypto Bank Sygnum Records Profit in H1 2024, Seeks Global Expansion

coinspeaker.com Coinspeaker Crypto Bank Sygnum Records Profit in H1 2024, Seeks Global Expansion Digital asset bank Sygnum has revealed that the first half of 2024 was a profitable one for…

Swiss Crypto Bank Sygnum Eyes EU and Asia Expansion, After Profitable H1 2024

cryptonews.com Global digital asset bank Sygnum has reported a profitable first half (H1) of 2024, driven by strong business performance. The firm saw a 500% increase in crypto derivatives…

Bitcoin Dips Below $65,000 Triggering $250 Million in Liquidations

decrypt.co Traders betting on a crypto price increase were forced to close their positions quickly on Wednesday as the world's largest cryptocurrency sagged. Over the past 24 hours,…

Crypto bank Sygnum posts first-half profit amid plans for MiCA-compliant EU expansion

theblock.co Sygnum saw a two-fold increase in crypto spot trading, a 500% rise in crypto derivatives trading and more than a 360% increase in lending volumes in the first half of 2024…

10 ASEAN Countries Ready To Ditch The US Dollar For Trade

watcher.guru The US dollar in present times stands at a precarious threshold. With the multipolar polar currency narrative spinning in full force, local regions and nations have started…

Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%

coindesk.com Sygnum, which is licensed in Luxembourg, Singapore, and its native Switzerland, plans to acquire new licenses in Europe under the Markets in Crypto Assets (MiCA)…

Sygnum's Client Assets Hit $4.5 Billion amid Institutional Crypto Boom

financemagnates.com The Swiss-based digital asset banking group Sygnum announced today (Thursday) it has achieved profitability in the first half of 2024, driven by strong growth across its…

Terra victims have one month to file crypto loss claims, court

protos.com Victims of the Terra/LUNA collapse who want to vote in bankruptcy proceedings have until August 21 to file claims for any crypto losses or forfeit any say in the debtor’s…

MEET48’s Meme2.0 Ecology Airdrop New Gameplay

cryptopotato.com [PRESS RELEASE – Singapore, Singapore, July 24th, 2024] On July 17, MEET48 released its first TON ecologic airdrop product, “CoinFish,” as part of its WEB3.0 incubation…

Ferrari to Expand Crypto Payment Option to European Dealerships, Following US Launch

cryptonews.com Ferrari has announced plans to extend crypto payment options for its luxury sports cars to its European dealership network starting at the end of this month. On Wednesday,…

Hex Trust Wins In-Principle Approval as Major Payments Institution in Singapore

coinspeaker.com Coinspeaker Hex Trust Wins In-Principle Approval as Major Payments Institution in Singapore Hex Trust, a leading financial services company focused on institutional…

Hex Trust gets initial nod for payment institution license in Singapore

cointelegraph.com Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope.

Singapore MAS Grants In-Principle MPI License to Crypto Custodian Hex Trust

cryptonews.com Hex Trust, a digital asset custodian, has become the latest to receive the in-principle approval for a Major Payment Institution (MPI) license, from the Monetary Authority…

Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

cryptopotato.com [PRESS RELEASE – Singapore, Singapore, July 23rd, 2024] A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi…

Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License

coindesk.com None Hex Trust says it has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License. • None This has been a multi-year…

Industry group releases Ethereum DeFi handbook

dlnews.com A version of this article appeared in our The Decentralised newsletter on July 23. Sign up here. GM, Aleks here. Here’s what caught my DeFi-eye recently: Why EigenLayer is…

Ethereum Price Stays Flat Despite Today’s ETF Debut: QCP Explains Why

newsbtc.com In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the market’s response has been unexpectedly…

Swiss Banks Replacing US Banks For Crypto Payments After FTX Collapse

coingape.com In the aftermath of the collapse of several crypto-friendly banks in the US, Swiss banks are stepping in to fill the void. These banks are now offering innovative solutions…

Asia’s First Inverse Bitcoin ETF to Launch in Hong Kong

bitcoinnews.com Hong Kong is set to make a significant stride in the Bitcoin market by launching Asia’s first inverse Bitcoin exchange-traded fund (ETF). This new financial product, named…

Crypto bridge Multichain owes Fantom $2m for exploit

dlnews.com A court ruling in Singapore could pave the way for the eventual return of tokens that were stolen when crypto bridge Multichain suffered a mysterious exploit last July.…

Ex-UBS Law Expert Joins Crypto Market Maker Acheron amid 369% Volume Surge

financemagnates.com After collaborating with legal departments of the world's largest investment banks, Daniel Lo has just joined the Acheron Trading team. As Finance Magnates exclusively…

First Mover Americas: Bitcoin Settles Above $67K After Biden Drops Out

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Senator Lummis Commends Bitcoin’s Stability Amid Global Cyber Outage

bitcoinnews.com On July 19, 2024, the world experienced a significant cyber outage that disrupted numerous sectors, including airlines, banks, media companies, and other essential services.…

CSOP to Let Investors Bet Against Bitcoin in Hong Kong

cryptonews.com Hong Kong is introducing a new Bitcoin exchange-traded fund that allows investors to bet against the cryptocurrency, even as the market reaches near 6-week highs. Ding Chen,…

Singapore commits $74.3M for quantum and AI in finance

cointelegraph.com The Monetary Authority of Singapore injects funds to enhance quantum computing and AI in Singapore’s finance sector, supporting local institutions with substantial co-funding.

Hong Kong exchange BitForex resurfaces after vanishing with $57m

dlnews.com Five months ago, the cryptocurrency exchange BitForex vanished, its social media profiles went silent, and $57 million in user funds were transferred to a new wallet. Last…

Asia’s first inverse Bitcoin ETF to launch in Hong Kong amid crypto market volatility

cryptobriefing.com Photo by Erling Løken Andersen on Unsplash, with modifications from author. Hong Kong is set to introduce Asia’s first crypto-linked inverse exchange-traded fund (ETF),…

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

coindesk.com None Bitcoin briefly surged above $68,000, driven by positive U.S. election predictions, before settling around $67,500 during early Asian trading hours on Monday. • None…

Crypto Trading Volume Declined for Third Consecutive Month in June: CCData

cryptopotato.com Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData…

Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

cryptopotato.com Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared…

Cynthia Lummis praises Bitcoin's immunity to global cyber outages

cryptopolitan.com Senator Cynthia Lummis made a post on X pointing out that Bitcoin is completely unaffected by the massive global cyber outage happening right now. Her remarks came after a…

Court Orders Terraform Labs to Reopen Terra Classic Shuttle Bridge and Burn 150M LUNA

thecryptobasic.com A bankruptcy court has ordered Terraform Labs (TFL) to reactivate the Terra Classic (LUNC) Shuttle Bridge and to undelegate and burn 150 million LUNA tokens. The Terra…

Crypto Market Maker Wintermute in Talks for $100M Funding Round to Expand Operations

cryptonews.com Crypto market maker Wintermute Trading is currently engaged in discussions to conduct a new fundraising round. The company aims to sell shares worth $100 million, with a…

Investment Platform Haruko Raises $6M Funding to Fuel Asia Growth Plans

cryptonews.com Haruko, a digital asset investment management platform, has raised $6 million in a funding round to help fuel its expansion into Southeast Asia. The Series A funding round…

Zilliqa makes blockchain history by buying a racehorse

prnewswire.co.uk SINGAPORE, July 17, 2024 /PRNewswire/ -- Zilliqa, the long-established layer-1 blockchain and market leader in Web3 sports and entertainment, is proud to announce its…

Singapore court ruling fans suspicions the $125m Multichain hack was an inside job

dlnews.com When Multichain shut down last summer after an apparent hack of $125 million worth of crypto, Michael Kong dismissed speculation it was an inside job. As the CEO of the…

What to expect from Ethereum ETFs after Bitcoin ETFs’ record $14bn frenzy

dlnews.com It’s almost here. Market watchers expect the US Securities and Exchange Commission to approve spot Ethereum exchange-traded funds after the Independence Day weekend. The…

Pixelverse Collaborates Notcoin Amid Major PIXFI Listings

coingape.com Pixelverse, the Web3 game ecosystem boasting the Telegram P2E (Play to Earn) game PixelTap, has recently emerged as a hot trend in the crypto space. Already securing major…

Venom Announces Deepcoin Spot & Futures Listings

coinjournal.net Singapore, Singapore, July 17th, 2024, Chainwire Venom Foundation is pleased to announce the listing of its native token, $VENOM, on Deepcoin Spot and Perpetual Futures…

Ripple CEO Criticizes Political Divide On Crypto: ‘Republicans Playing Chess, Democrats Checkers’

bitcoinist.com In a thought-provoking session at the Fortune 2024 BrainstormTech conference, Ripple CEO Brad Garlinghouse addressed the division between Republicans and Democrats in the…

BinaryX Announces Historic Vote to Burn 74% of BNX Tokens

coinjournal.net Singapore, Singapore, July 17th, 2024, Chainwire BinaryX, a leading developer and publisher for Web3 games, today announced a community vote to reduce the total supply of…

TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With 20,000 Attendees And Over 500 Side Events

cryptopotato.com [PRESS RELEASE – SINGAPORE – July 17, 2024] TOKEN2049, the world’s largest crypto event, announced its first batch of headline speakers and prominent title sponsors ahead of…

KIP Protocol Partners with Moemate, Onboarding 3 Million AI Users into Web3

coinpedia.org The post KIP Protocol Partners with Moemate, Onboarding 3 Million AI Users into Web3 appeared first on Coinpedia Fintech News Singapore, 17 July 2024 – KIP Protocol, the…