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June 2022

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

The remarks from the regulator’s chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world. Singapore’s financial regulator and the central bank have pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments come from the Monetary Authority […]

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WHAT DOES THE FINANCIAL ACTION TASK FORCE HAVE IN STORE FOR BITCOIN?

WHAT DOES THE FINANCIAL ACTION TASK FORCE HAVE IN STORE FOR BITCOIN?

The FATF released meeting notes hinting at an upcoming report on recommendations for business compliance with the Travel Rule and “unhosted wallets.” The below is a direct excerpt of Marty’s Bent Issue #1229: “A new FATF report drops at the end of the month.” Sign up for the newsletter here. (Source) (via FATF) Our favorite unelected supranational

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Digital Toy Platform Cryptoys Raises M From a16z, Dapper Labs, Mattel

Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel

The company recent secured a partnership with toy manufacturing giant Mattel to transform some of its most famous products into playable avatars, which can be sold as NFTs. Cryptoys, a platform aiming to “reimagine what a toy actually is,” has raised $23 million in funding from Andreessen Horowitz (a16z), Dapper Labs and multinational toy manufacturer

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0 million worth of crypto has been stolen in another major hack

$100 million worth of crypto has been stolen in another major hack

KEY POINTS Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony. Bridges allow users to transfer tokens from one blockchain to another. They’ve become a prime target for hackers due to vulnerabilities in their underlying code. It follows a series of similar attacks on blockchain bridges,

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Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday

Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday

XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. XRP Bullish pressure in XRP intensified on Friday, as prices rose to their highest point

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Solana Introduces Web3 Mobile Phone Saga

Solana Introduces Web3 Mobile Phone Saga

Solana Labs subsidiary Solana Mobile has announced the launch of the mobile phone “Saga” set for launch in 2023. The flagship Android mobile phone is a modified OSOM handset which consists of speciality crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 programs. Solana said that the $1000 mobile phone

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Musk says Tesla’s factories in Berlin and Texas are ‘gigantic money furnaces’

KEY POINTS Tesla’s factories in Texas and Berlin are losing “billions of dollars right now” as supply chain disruptions hamper the electric vehicle giant’s ability to ramp up production, CEO Elon Musk said. “Both Berlin and Austin factories are gigantic money furnaces right now. OK? It should be like a giant roaring sound which is

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Tether to Launch GBPT in July, Pegged to British Pound Sterling

Tether to Launch GBPT in July, Pegged to British Pound Sterling

Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (“GBP₮”) pegged to the British Pound Sterling in early July. “GBP₮ will join four other fiat-currency pegged tokens Tether has in the market: the US dollar-pegged USD₮, the Euro-pegged EUR₮, the offshore Chinese Yuan-pegged CNH₮, as well as the recently launched MXN₮,

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Russia to Trial Digital Ruble Settlements for Real Estate Deals

Russia to Trial Digital Ruble Settlements for Real Estate Deals

The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart Contracts on Digital Ruble Platform Russia’s central

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