Southeast Asia and DeFi’s Big Bet on the Unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.
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Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.
After Mango Market exploit, Compound pauses four tokens to protect against price manipulation
Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans.
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
CEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence.
Celsius judge says court may look to UK consultation paper in absence of US guidance
Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy.
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled…
Texas authorities object to Voyager’s disclosure statement in its current form
The Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others.
DefiLlama founder moves to NFT lending to tackle liquidity constraints
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections.
Scammers Are Targeting Cryptocurrency Scam Sites to Hijack Their Targeted Audience
Cryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that…
FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?
FTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks.
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