Three Arrows Capital Founders Face a 9-Year Trading Restriction in Singapore

Three Arrows Capital Founders Hit With Ban Source: Coindesk The Monetary Authority of Singapore (MAS) has imposed a nine-year prohibition order on the founders of Three Arrows Capital, effectively barring them from engaging in Singapore’s regulated financial services industry. This order extends to Su Zhu and Kyle Davies, preventing them from participating in any regulated…

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11,196 Years Prison Sentence for the Ceo of Collapsed Crypto Exchange Thodex

Introduction In recent headlines, the cryptocurrency community was rocked by the news of the collapse of the Turkish cryptocurrency exchange THODEX and the subsequent arrest and sentencing of its CEO, Faruk Ozer. This article delves deep into the intricacies of the THODEX scandal, shedding light on the events leading up to Ozer’s imprisonment, the impact…

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Mirae Asset Management’s $500B Tokenization Drive with Polygon Labs

Korean Asset Management Giant Mirae Ventures into the Future: Partners with Polygon Labs for a $500 Billion Securities Tokenization Initiative” Source: Coindesk Mirae Asset Securities has teamed up with Polygon Labs, a scaling solution for Ethereum to create a tokenized security network and accelerate the adoption of Web3 technology. Mirae Asset Securities (South Korea’s largest…

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Bitget KYC Verification: Breaking Bitget Makes Shocking Announcement

Bitget Makes Shocking Announcement Users Must Complete Level-one KYC Verification Before October 1st Bitget is a place where you can trade cryptocurrencies. With the new Bitget Kyc Verification, they want to make sure everyone is safe, so they are making their rules stricter. [ez-toc] People sometimes do bad things with cryptocurrencies, so exchanges are making…

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Ethereum’s Exchange Balance Reaches A Stunning 5-Year Low, Following Bitcoin’s Decline

In a parallel trend to Bitcoin, Ethereum’s exchange balance has been steadily decreasing, reaching a five-year low. Data from Glassnode, an on-chain analytics firm, reveals that the amount of Ethereum held on exchanges has dwindled to 17.86 million, the lowest value since April 2018. This decline in Ethereum exchange balance can be attributed to multiple…

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Cryptocurrency Regulations: Important Or Needless? 2023

The rise of cryptocurrencies and digital assets has brought about numerous opportunities and challenges for the financial industry. As the market continues to evolve, regulators across the globe are considering the implementation of global cryptocurrency regulations to protect consumers and businesses from potential risks and losses. The International Organization of Securities Commissions (IOSCO), a global finance…

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