Landmark Licensing in Singapore’s Blockchain Sphere DigiFT, an Ethereum-based digital assets exchange, has achieved a significant regulatory milestone. The Monetary Authority of Singapore has granted DigiFT a Capital Market Services (CMS) license and recognized it as a Recognized Market Operator (RMO). This development, as reported on Nov. 5, positions DigiFT at the forefront of regulated...
Over 130 residents of Hong Kong have fallen prey to a cryptocurrency scam involving the Hounax platform, with total losses amounting to approximately HK$120 million (US$15.4 million). Victims and lawmakers have criticized the Securities and Futures Commission (SFC) for issuing a late warning, as many had already invested in the platform. Details of the Scam...
Federal authorities have seized $9 million in cryptocurrency from a Silicon Valley-based cyber scam organization. This group reportedly defrauded over 70 individuals using romance and cryptocurrency confidence schemes, according to the U.S. Attorney’s Office for the Northern District of California. Tracing and Seizing Illegal Crypto Funds The Department of Justice and the U.S. Secret Service’s...
Polytrade, known for its role in the real-world asset (RWA) protocol space, is advancing its platform capabilities to address the complexities of real-world assets. The company is launching an RWA Marketplace, designed to streamline the aggregation, tokenization, and liquidity processes for RWAs. Creation of a Comprehensive RWA Marketplace The proposed RWA Marketplace by Polytrade aims...
StaFi Protocol has implemented Distributed Validator Technology (DVT) from the Shared Security Validator (SSV) network into the Ethereum mainnet, enhancing node accessibility for validators staking $rETH. DVT allows validators to operate across multiple nodes and employs various security measures to prevent key theft and slashing. The integration also introduces Decentralised VPN (DVPN) to the system...
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, announced new regulations for the tokenization sector during the Hong Kong Fintech Week. He dismissed concerns about the JPEX scandal affecting the growth of the web3 market. The upcoming regulations will focus on token issuance, wallets, and other virtual asset regulations beyond exchanges. The...
Nocturne, a protocol for on-chain private accounts, has raised $6 million in a seed funding round. Learn more: Yahoo News
Renowned crypto expert Jason Friedman has pointed out similarities between Ripple Labs and Amazon. He believes that Ripple is following a similar business model to Amazon in its early days, focusing on long-term growth and expansion. Friedman cites statements from Jeff Bezos and Brad Garlinghouse, CEOs of Amazon and Ripple respectively, that support this comparison....
● Untangled Finance, a tokenized real-world asset marketplace, has gone live on the Celo network after securing a $13.5 million investment. ● The London-based asset management firm Fasanara Capital led the investment round and has also opened two credit pools on the platform. ● Untangled Finance plans to expand to Ethereum and Polygon via Chainlink’s...
The US Commodity Futures Trading Commission’s enforcement division has reportedly found that the co-founder of Voyager Digital violated derivatives regulations before the company’s bankruptcy last year. Stephen Ehrlich is accused of misleading customers about the safety of their assets, according to sources. Voyager filed for bankruptcy in July 2020 due to a fall in crypto...
