The beleaguered crypto exchange has filed applications in Singapore to seek protection against bankruptcy amidst the threat of legal action from creditors. Source
Zipmex Files for Bankruptcy Protection in Singapore
Month: July 2022
‘I have Bitcoin for the benefit of my kids,’ says Gibraltar MP
In an interview with Cointelegraph, MP Isola detailed Gibraltar’s crypto regulatory landscape and his interest in Bitcoin. Located in Europe, on the southern tip of Spain, the British Overseas Territory of Gibraltar is a bubbling hotbed of cryptocurrency adoption. In an interview with Cointelegraph, Albert Isola, Gibraltar’s Minister for Digital and Financial Services and a member of the country’s parliament, explained Gibraltar’s approach to crypto and shed some light on his own investment interests. Isola played a pivotal role in shepherding Gibraltar’s purpose-built distributed ledger technology (DLT) regulatory framework. However, he’s…
StanChart-Backed Crypto Trading Firm Zodia Markets Goes Live in UK
Zodia Markets, a cryptocurrency exchange and brokerage focused on institutions, has gone live with the backing of a major financial institution in the form of Standard Chartered Bank. Source
Solana DeFi Protocol Nirvana Drained of Liquidity After Flash Loan Exploit
Prices of the protocol’s ANA tokens fell nearly 80% following the attack. Source
Binance jumps into NFT ticketing after UEFA League fiasco
Following the chaos caused by counterfeit tickets in the UEFA Champions League 2022, crypto exchange Binance has launched the pilot of its nonfungible token (NFT) ticketing solution with football club Società Sportiva Lazio for the 2022 to 2023 season. In the announcement sent to Cointelegraph, Binance highlighted that NFT tickets will solve the issue of fake tickets and eliminate scalping, preventing disorder in sporting events. Apart from access to events, the NFT tickets will also serve other purposes such as store and match discounts, token giveaways and other experiences with…
UK National Crime Agency Seizes $33 Million in Cryptocurrency – Regulation Bitcoin News
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the greatest risk to the U.K.,” its website states. The report…
Interest in Ether Options Rises to Record as Traders Bet on ‘Merge’
Open interest – the number of options contracts traded but not squared off with an offsetting position – stood at a new lifetime peak of nearly 4 million, according to data from major exchanges, including Deribit, tracked by Swiss-based derivatives analytics firm Laevitas. The previous peak of around 3.5 million was registered in the second quarter. “The desk has traded an incredible amount of ETH calls this week, over 250,000 ETH notional,” the Singapore-based options trading giant QCP Capital noted in a Telegram chat. “A few hedge fund names have…
Ethereum’s biggest Merge staker soars 400% in July — but technicals flash warning
Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months. LDO Mergified LDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization. Notably, LDO serves as a governance token inside the Lido DAO ecosystem, a project that offers staking services for Ethereum. $ETH move bringing the entire ecoystem with it. Best movers: •Defi: $LDO $UNI $BIT $AAVE•Layer 2: $OP $MATIC And of course because it’s…
Cryptocurrency founder leaves behind trail of burnt investors | A Current Affair
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Subscribe here: | If you looked at Robert Tidy’s social media accounts, you might think he’s a billionaire amid the first class flights, designer watches, five-star hotels, even eating caviar for dinner. In reality, he’s been bankrupt multiple times, held up at gunpoint over money and none of the digital business concepts he’s been spruiking in the past decade, have ever taken off. Now burnt investors, some of whom invested their entire superannuation in questionable business ventures championed by Tidy are speaking…
CoinGecko open to acquisition but now is ‘too early,’ co-founder says
Major cryptocurrency tracking website CoinGecko is open to acquisitions, but not right now, according to a co-founder of the platform. CoinGecko has been hit by the current crypto bear market, but the firm is far from selling off, CoinGecko chief operating officer Bobby Ong told Cointelegraph. Ong believes that all crypto-related companies are affected by the cyclical nature of the industry as they usually do well during bull runs and struggle during bear markets. “During this crypto winter, we at CoinGecko are similarly impacted. This will be our third crypto…