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FTX Europe, Binance's Crypto Payments, Dogecoin's Trademark + More News
7.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: FTX Europe, Binance's Crypto Payments, Dogecoin's Trademark + More News
Malaysia’s Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value
4.3.2022
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that...
Binance back in Malaysia via a strategic stake in regulated digital exchange
2.3.2022
Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval
Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
7.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Polygon's USD 450M Boost, Inflows in Bitcoin Grow, ETH Still Sees Outflows + More News
Malaysia’s Central Bank actively assessing CBDC options
18.1.2022
Malaysia’s central bank recently completed a proof-of-concept for a CBDC with three other nations and may consider developing its own cross-border payment system using the blockchain
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
1.1.2022
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining...
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space
4.11.2021
PRESS RELEASE. The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures...
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown
13.10.2021
After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule...
Huobi-Backed SocialFi Platform, Torum to Make Social Metaverses a Reality With Avatar NFTs
29.9.2021
PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and...
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
3.9.2021
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make...
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
2.9.2021
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies
Bitcoin Miners May Face Major Semiconductor Shortage — Sub-16 Nanometer Chip Costs to Rise by 20%
25.8.2021
Fears of a major semiconductor chip shortage have started to make headlines again as the chips power nearly everything from new cars, phones, computers, and a myriad of other items. Reports stemming from Malaysia show that semiconductor manufacturers are dealing with an uptick in Covid-19 cases...
Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
15.8.2021
On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest...
Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny
7.8.2021
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman...
Cambodia explores cross-border transactions of CBDC-like Bakong
6.8.2021
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier
Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund
5.8.2021
PRESS RELEASE. Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion. 5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media...
Malaysia Takes Enforcement Actions Against Binance, Advises Investors to ‘Withdraw All Investments Immediately’
30.7.2021
The securities regulator of Malaysia has taken enforcement actions against the global cryptocurrency exchange Binance. Noting that the exchange is operating illegally in the country, the regulator has advised those who currently have accounts with Binance “to immediately cease trading through...
Binance Winds Down Derivatives In Europe While Malaysia Takes Action
30.7.2021
Source: Instagram, Binance
The crypto exchange giant Binance has run into yet more regulatory trouble in Asia while it's making new preventive moves in Europe.
The platform issued a notice on its Binance.com website explaining that it “plans to wind down its futures and derivatives products...
Binance banned in Malaysia, given 14 days notice to shut down operations
30.7.2021
The crypto exchange has been served with a notice to stop offering its services in the country
Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines Demolished
19.7.2021
Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested...