More than 40 Percent of Singaporeans Own Crypto Assets

A survey conducted by Independent Reserve recently revealed that around 43 percent of 1,500 Singaporean respondents own crypto assets. In the survey, almost half of Singaporeans own two or more digital assets, with portfolio diversification being the main reason behind the investment. In comparison, last year’s research estimated the figure to be around 40 percent, […]

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Bitcoin fell below $27,000 after the CFTC filed a lawsuit against Binance

BTC fell to its lowest level since March 17 after the company sued the crypto exchange for alleged violations. The price of Binance coin (BNB) fell by 5%. Bitcoin (BTC) fell below $27,000 after the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder Changpeng Zhao over allegations that the […]

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Coinbase Plans to Develop Inflation-pegged Stablecoin ‘flatcoins’

Despite all the regulatory scrutiny that surrounds the crypto-verse, platforms haven’t stopped building. Prioritizing innovation, Coinbase, a prominent cryptocurrency exchange is exploring “flatcoins” on its Base network. Recently, Coinbase revealed that “flatcoins” which are inflation-pegged stablecoins, would be essential to be formulated on the Base network. This is among three other “critical innovations” that are […]


South Korean Crypto Exchange Employee Arrested, Allegedly Involved In Bribery

A former employee at Coinone, one of South Korea’s top five cryptocurrency exchanges, was arrested on charges of accepting bribes in exchange for listing certain cryptocurrencies on the platform in 2020. Reporting from Yahoo Finance, the Seoul Southern District Prosecutors’ Office revealed that the former employee, identified by the surname Jeon, received USD 1.47 million […]