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Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines to Launch BTC & ETH Custody & Trading

2.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines...

Union Bank of the Philippines launches Bitcoin and Ethereum trading

2.11.2022
UnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm

Singapore bank DBS uses DeFi to trade FX and state securities

2.11.2022
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...

Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

31.10.2022
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like

US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry

30.10.2022
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and...

Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says

28.10.2022
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore...

Dvision Network Announces 4th LAND Sale Together With Binance NFT and GameFi․org

28.10.2022
PRESS RELEASE. Despite the decrease of NFTs trade volume from all time high, the metaverse development is reaching all time high since more organisations and governments show high interest in this emerging technology. Such as recent Norwegian Government joins metaverse with Interpol is already...

Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine

28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...

257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion

27.10.2022
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package...

JPMorgan CEO Jamie Dimon: US-China Tensions, Russia-Ukraine War ‘Far More Concerning’ Than Recession

27.10.2022
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would worry much more about the geopolitics in the world today.”...

Vietnam's prime minister calls for crypto regulation: Report

26.10.2022
"It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh

Bitcoin miners rethink business strategies to survive long-term

26.10.2022
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations

The UK has a new name for stablecoins and a new bill to regulate crypto

26.10.2022
The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom

US Charges Chinese Spies in Scheme to Bribe Government Employee With Bitcoin to Steal ‘Secret’ Documents

26.10.2022
The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000...

Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

25.10.2022
According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes

Report: Saudi Government Privately Mocks Joe Biden’s Mental Acuity, Crown Prince Denies US President’s Oil Requests

25.10.2022
According to a recent report, members of the Saudi government and crown prince Mohammed bin Salman have been privately mocking U.S. president Joe Biden by questioning his keenness of thought and mental acuity. The report follows Biden’s recent trip to the region in July, when the U.S. president...