Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

September 26, 2024 Bitcoin.com

addresses

Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]

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Sygnum Secures Liechtenstein License to Expand Crypto Services in EU

September 24, 2024 Bitcoin.com

Assets

Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its […]

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Singapore-Based Crypto Exchange BingX Suffers $52,000,000 Hack: Blockchain Security Firm

September 21, 2024 The Daily Hodl

BingX

New data from prominent blockchain security firm Cyvers reveals that a Singapore-based crypto exchange lost $52 million after being hacked. In a new post, Cyvers says that BingX’s hot wallet suffered a multimillion-dollar exploit affecting multiple blockchains, including Ethereum (ETH), Avalanche (AVAX), BNB, Optimism (OP), and Polygon (POL), Base, and Arbitrum (ARB). “Our system has […]

The post Singapore-Based Crypto Exchange BingX Suffers $52,000,000 Hack: Blockchain Security Firm appeared first on The Daily Hodl.

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Memecoins not the ‘right move’ for celebs, but DApps might be — Skale Labs exec

September 19, 2024 Coin Telegraph

Coin Telegraph

Skale chief marketing officer Andrew Saunders described memecoins as a player-versus-player situation where early investors get the most gains.

As more celebrities dive into memecoins, a former Hollywood executive who now works in the Web3 space described the flaws surrounding celebrity-backed tokens and offered a potential alternative in the form of decentralized applications (DApps).

At the Token2049 event in Singapore, Cointelegraph journalist Ciaran Lyons spoke with Andrew Saunders, the chief marketing and growth officer of the Ethereum Virtual Machine (EVM) blockchain Skale, about celebrities jumping into Web3 through memecoins.

The Skale exec criticized the current state of celebrity memecoins and said he would stay away from them. “I come from Hollywood, and I would never touch a celebrity memecoin,” Saunders told Cointelegraph.

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Pudgy Penguins CEO unfazed by SEC actions against the NFT sector

September 18, 2024 Coin Telegraph

Coin Telegraph

While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases.

Pudgy Penguins CEO Luca Schnetzler, widely known in the NFT space as Luca Netz, stated that he remains unfazed by the recent actions taken by the U.S. Securities and Exchange Commission (SEC) against the NFT industry.

On Aug. 28, NFT marketplace OpenSea revealed that it had received a Wells notice from the SEC. The company claimed that the SEC is alleging that NFTs on the trading platform may qualify as securities. Then, on Sept. 17, the SEC imposed a $750,000 fine on the restaurant Flyfish Club for offering NFTs.

As the SEC takes action against the industry, some argue that it is necessary to respond to these measures. However, Schnetzler dismisses the SEC’s actions as “nonsense.”

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Crypto influencer hit with bot claims after nabbing ‘best content creator’ award

September 18, 2024 Coin Telegraph

Bots

Crypto influencer “Professor Crypto” deleted posts of him celebrating the award shortly after being accused of using bots to boost his following.

A crypto influencer has yet to publicly respond to accusations he used bots to manipulate his social media metrics and influence shortly after winning a “best content creator” award at a crypto event.

The investigator known as “ZachXBT” accused the influencer who goes by “Professor Crypto” on X of using “thousands of bots” to “deceive people into thinking you have an influence.”

He also implied the action could breach a United States Federal Trade Commission rule that “prohibits anyone from selling or buying fake indicators of social media influence, such as followers or views generated by a bot or hijacked account.”

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VC Founders Summit: The Largest Convergence of Investors and Founders Set to Take Place in Singapore

September 16, 2024 Bitcoin.com

2024

PRESS RELEASE. [Singapore, 2024] – The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a dynamic side event of the renowned Token2049 conference, and coinciding with the excitement of Singapore Formula One Week, this […]

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Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay

September 4, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]

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Okx Approved to Provide Cross-Border Payment Services in Singapore

September 3, 2024 Bitcoin.com

bitcoin.com

Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims […]

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Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind

August 27, 2024 Bitcoin.com

bitcoin.com

Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines, promising investors a daily return of 0.5%. In reality, the company had no such […]

Singapore

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