Upbit Singapore Receives Preliminary ‘In-Principal’ Nod from Singapore’s MAS
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.
Financial
Internet Computer’s Dfinity Is Building Carbon Credit-Inspired Tech for Waste Management
The not-for-profit foundation is working with management consultancy Roland Berger who introduced the Voluntary Recycling Credits (VRC) standard in June, which is inspired by the carbon credit market.
Sam Bankman-Fried May Testify at Trial, Defense Says. First, He Needs His ADHD Meds
The defense team is nearing crunch time.
BOND Token Soars After BarnBridge Votes to ‘Comply’ With SEC
Securities regulators have been investigating the decentralized finance (DeFi) protocol since at least July.
SEC Reportedly Decides Not to Appeal Its Bitcoin ETF Court Loss Against Grayscale
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
Stablecoin Lender Liquity’s Token Gains 80% in Month as Activity Increases
The LQTY token has almost doubled in price. Factors cited included growth in activity and an A rating from Bluechip.
Ethereum’s New Low-Fee Regime May Put Its ‘Ultra Sound Money’ Thesis to Test
The Ethereum network’s revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.
Hamas’ Crypto Ties May Lend Energy to Sen. Warren’s Money Laundering Bill
The prominent Massachusetts senator has argued the Hamas connection shows it’s time to “crack down on crypto-financed crimes.”
SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.
U.S. House Speaker Drama Could Threaten to Unravel Crypto’s 2023 Chances
Majority Leader Steve Scalise dropping out means digital assets legislation remains on hold. Crypto fan Tom Emmer also won’t have the No. 2 role to seek, another potential blow.