The Securities and Futures Commission of Singapore (SGX:SFC) is in the process of seizing and forfeiting multi-million dollar jets owned by now-defunct Straits Financial Group (SFG). The SFC served the notice of forfeiture on the company’s former directors, as well as three company entities based in Singapore, Hong Kong and the British Virgin Islands. The […]Read More

Chinese telecommunications giant China Mobile Communications Corporation (CMCC) has announced it has splashed $100 million on a new venture capital fund focused on blockchain startups in Southeast Asia. The newly launched venture capital fund CMCC Global SEA Fund (GSEA) is the latest in a string of investments by CMCC into blockchain technology ventures around the […]Read More

Four more individuals were arrested by the Japanese Financial Service Agency (FSA) in connection with their investigation into the JPEX crypto exchange. This follows the arrest of 14 people in November of last year. The FSA suspects that the exchange may have been used to cover up unlawful activities, such as money laundering. The individuals […]Read More

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Do Kwon, the South Korean entrepreneur behind collapsed $65 million stablecoin project Terra and its $27 million spinoff Luna, is reportedly fighting extradition from Malaysia, where he currently resides, to the United States. The Securities and Exchange Commission (SEC), which slapped Kwon with a lawsuit over Terra and Luna last November, accuses the entrepreneur of […]Read More

The European Union’s Markets in Crypto-Assets (MiCA) Law is causing some stir in the cryptocurrency world. The new regulation, which covers digital assets, exchanges, and custodians, is set to come into effect in the near future. One of the most contentious elements of the MiCA law is the requirement that any platform trading in digital […]Read More

The current bearish trend in the Bitcoin (BTC) market has seen the price of the world’s largest cryptocurrency drop below $27,000 in recent days. This is the first time since late December 2020 that BTC has ventured into this price range. Given the current market sentiment, it is difficult to accurately predict where BTC will […]Read More

Microsoft is planning to expand its support for cryptocurrency wallets across its upcoming hardware products, according to documents obtained by The Verge. Microsoft’s wallets will be integrated into a range of products, including the Xbox Series X, Xbox One X, HoloLens 2, and its Surface Duo device. The documents indicate that Microsoft is working on […]Read More

The U.S. Securities and Exchange Commission (SEC) recently unsealed a series of documents in a legal case against the U.S. arm of cryptocurrency exchange Binance. The documents, filed in the U.S. District Court of the Southern District of New York, revealed that the SEC has accused Binance of violating Securities Exchange Act Section 15(b) by […]Read More