Business

Philippines demonstrates sustained animosity towards foreign digital exchanges
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23 August, 2022

Philippines demonstrates sustained animosity towards foreign digital exchanges

The Philippine central bank is not closing its doors to developments in digital currency exchanges but remains cautious about the...
South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges
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23 August, 2022

South Korea: FSC takes action against 16 unregistered foreign digital asset exchanges

The FSC said that the unregistered exchanges were brought to its notice by its sub-unit responsible for overseeing the registration...
Consortium to carry out first private digital sterling initiative in UK
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23 August, 2022

Consortium to carry out first private digital sterling initiative in UK

The United Kingdom will become a testbed for the adoption of the first privately-led digital sterling program, paving the way...
Hodlnaut trims workforce by 80% as it attempts to resolve financial woes
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22 August, 2022

Hodlnaut trims workforce by 80% as it attempts to resolve financial woes

Embattled digital currency lender Hodlnaut laid off 80% of its workforce amid its current financial plight brought about by the...
HUSD stablecoin recovers—what caused it to depeg?
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22 August, 2022

HUSD stablecoin recovers—what caused it to depeg?

Huobi explains that the depeg was caused by a decision to close market maker accounts in several regions to comply...
FTX US, several others get cease-and-desist orders over deposit insurance claims
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22 August, 2022

FTX US, several others get cease-and-desist orders over deposit insurance claims

Several digital asset entities were served cease-and-desist letters for falsely claiming that the FDIC insures a number of their crypto-related...
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