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More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. 103 companies related to the digital payment industry in Singapore found their regulatory exemptions removed amid apparently tough regulation, Japan’s financial
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NearPad and Rose will offer incentivized opportunities for users to deposit UST liquidity into the protocols, which can then be accessed by the wider NEAR community. NearPad is a Near-based decentralized exchange and market maker, while Rose is an Aurora-based stablecoin and wrapped assets swap product. Original Source
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Arsenal said the tokens differed from cryptocurrencies, which are a means of payment, as they were designed for entertainment and to encourage fan participation. The tokens could not, at the time the ads appeared, be traded on the Socios app. The club also denied that the ads were for cryptocurrency
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After less than a month of deliberation and voting, two decentralized autonomous organizations (DAOs) have consummated one of the highest-profile mergers in DeFi history.On Tuesday at Ethereum block height 13850929, a vote to merge Rari Capital and Fei Protocol was approved by members of both DAOs. The measure passed by
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The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins and ten tethers. Bitmex to Airdrop
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Its native RNDR, the payments token that node-runners receive in exchange for their computing power, is already live on Ethereum and the layer-2 Polygon. Superfast layer-1 Solana is next, according to Urbach, who also has his eyes on Metaplex, that ecosystem’s NFT hub. Original Source
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On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank
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“We had to think about our more institutional business lines and our national presence as a tech-forward bank,” CEO Sam Sidhu said in an interview. “So, not only for our existing commercial and consumer customers, but also for our fintech customers, and now emerging for our digital asset and crypto
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Digital asset banking platform SEBA is offering a stablecoin that serves as a token for digital ownership of gold.The token will be backed by physical gold, “ready for any time on-demand delivery,” SEBA announced Wednesday.The Zug, Switzerland-based firm said the token differs from other gold derivative investment products, such as
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Tesla CEO Elon Musk said the electric-car maker will take dogecoin as payment for its merch, causing the cryptocurrency to soar by as much as 33%. Elon Musk’s Revelation Sends Dogecoin Up 30% Prior to Musk’s revelation, the price of Dogecoin was declining, but it immediately soared by as much as 30%.
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