Places Asia

Bank of England speculates FTX collapse is a result of FTT run, Litecoin recently climbs market cap ranking, and much more in this edition of CryptoSlate Wrapped Daily.

The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.

Asia currently holds 7.3% of the total Bitcoin supply as market moves inversely to the West

While Buterin appreciates Singapore's willingness to be supportive of crypto and blockchain, the country cannot have "one without the other".

The retail e-rupee, which will be interoperable with existing payment methods, will be hosted by the National Payments Corporation of India.

Temasek revealed that it conducted an extensive due diligence process on FTX, which lasted 8 months between February and October 2021.

Despite a 71.7% decline in net income, Canaan's mining revenue rose 1,002.7% to $8.7 million.

The financial regulator argued that it did not have have cause to list FTX on its Investor Alert List.

SBF assures that all is well with FTX, 50,676 Bitcoins confiscated in relation to 2012 silk road attack, and more in this edition of CryptoSlate Wrapped Daily.

Stripe fires over 1,100 of its employees due to financial troubles, Andre Cronje's tweet spikes Fantom by 24% in a day, and much more in this edition of CryptoSlate Wrapped Daily.

The Chinese government holds $6 billion worth of cryptocurrencies, including Bitcoin, Ethereum and others.

The Innovation Hub of the Bank for International Settlements (BIS) launched its latest project to explore the use of automated market makers to facilitate foreign exchange markets and CBDC payments.

JPMorgan carried out the transaction on Ethereum layer2 network Polygon because of its cheap transaction fees, and leveraged Aave Protocol's permissioned pool concept.

Paxos's license was approved by MAS, while Circle only got its in-principle approval. 

According to the report, this will enhance live transactions with numerous merchants by issuing vouchers using a blockchain and tokenized Singapore dollars.

FTX founder Sam Bankman-Fried said Hong Kong would prevail over Singapore and Korea in Web3 adoption.

New World CEO said Hong Kong could become the only place in China where virtual asset services are legal, citing the new regulations.

The funding round was co-led by Crypto.com Capital and Synergies Capital. Other participants in the round are Huobi Incubator, M77 Ventures, and J17 Capital.