Crypto Watch

US SEC bid for quick appeal of crypto ruling is denied by judge

THE federal judge who ruled that Ripple Labs’s cryptocurrency does not constitute a security when sold to the general public denied the US Securities and Exchange Commission’s (SEC) request to appeal ...

The SEC sued Ripple in 2020, alleging the company failed to register the XRP token as a security.

Crypto firm Ripple says over 80% of hiring this year outside US

RIPPLE Labs said more than 80 per cent of its hiring this year will be outside the US, where the crypto payments company is embroiled in a long-running legal dispute with the Securities and Exchange C...

The Monetary Authority of Singapore has given in-principle approval to Ripple for a major payment institution licence.

Ripple gets in-principle go-ahead to offer crypto digital-payment services in Singapore

THE Singapore subsidiary of crypto solutions provider Ripple has obtained in-principle approval for a major payment institution licence in Singapore, it said on Thursday (Jun 22).

The SEC last week widened its crackdown on the crypto industry through a one-two punch against the biggest firms, Binance Holdings and Coinbase.

Coinbase pushes for legislative remedy as it fights US SEC suit

COINBASE Global will push for legislative solutions on crypto rules as it fights a lawsuit by the Securities and Exchange Commission (SEC) alleging that the company operates an unregistered securities...

The worlds of traditional and digital finance alike are transfixed by the wreckage of FTX, which at one point boasted a US$32 billion valuation.

History says Bitcoin is set for more losses in December

A SEASONAL cryptocurrency pattern points to more losses for Bitcoin in December, in the wake of the seismic collapse of the FTX exchange.

The interconnected collapses of companies including hedge fund Three Arrows Capital (above) and platforms Zipmex, Hodlnaut and Vauld have highlighted the lack of extensive risk management rules for digital asset companies.

Singapore steps up crypto questioning as firms brace for changes

Singapore is intensifying its scrutiny of cryptocurrency-related firms in the city-state ahead of planned regulatory changes, according to people with knowledge of the matter.  

The current shake up in the crypto markets is not merely a result of diversification away from this risky asset class in a high inflationary and possible recessionary environment. At its core, a fundamental deleveraging of the industry seems to be transpiring.
CRYPTO WATCH

Real world assets will be crypto’s anchor as bottom falls out of speculative leveraging

The crypto world’s liquidity crisis isn’t over yet, but there’s hope that out of the deleveraging, productive lending and better credit scoring will emerge

Over US$50 billion was wiped out from Terra stablecoin's ecosystem last month, and over US$400 billion from the overall cryptocurrency market.
CRYPTO WATCH

The Big De-peg: If it looks like a Perpetual Motion Machine, run

There’s a lot to learn from TerraUST’s collapse

Bored Ape Yacht Club #4418, one of a set of 10,000 non-fungible tokens (NFTs) representing cartoon apes, made by the U.S.-based company Yuga Labs is seen in this image created in the digital space, May 1, 2021. Image created May 1, 2021. Property of Nexo/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT
CRYPTO WATCH

Do NFTs have any value at all?

The key to the value of NFTs lies in what they actually provide - the claim to authenticity. Whether or not that’s worth today’s market prices is a different matter.

The way of the DAO could be the future of work
CRYPTO WATCH

The way of the DAO could be the future of work

Could such a decentralised structure potentially function as an effective way to attract a large number of followers, efficiently organise resources, incentivise talent?