BitGo, a crypto custody business, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows BitGo to operate and provide digital payment token services to clients in Singapore while awaiting a full permit.According to the MAS, MPI-licensed firms can conduct payment services without being […]
The gaming industry is poised for a significant transformation in 2024, with blockchain games becoming the main focus. Metacade, a key player in this revolution, has announced partnerships that are shaping a unified platform for gamers, developers, and investors. The company has outlined its roadmap for 2024, which includes substantial upgrades to its main platform, […]
The DeFi community is showing interest in a new project, NuggetRush, which is a mining adventure game. NuggetRush introduces professional entrepreneurs and artisanal miners in the form of NFTs, which are key to building successful mining operations. Players can earn rewards in a variety of ways, including participating in competitions and fights, as well as […]
The Indian Apple app store has recently blocked several crypto exchange apps, including Binance, KuCoin, Bitget, Huobi, OKX, Gate, and MEXC. This move comes weeks after the Indian government issued a non-compliance notice against nearly a dozen off-shore crypto exchanges. Consequently, these exchange applications are no longer accessible to new users.The Financial Intelligence Unit (FIU) […]
The Monetary Authority of Singapore (MAS) has issued a warning against the cryptocurrency wallet firm imToken, placing it on its Investor Alert List. The central bank has cautioned crypto enthusiasts about engaging with the non-custodial service due to the absence of a financial business license, despite the company being headquartered in Singapore.ImToken responded to the […]
As we step into a new year, the blockchain and Web3 industry is set to witness a plethora of innovations, regulatory developments, and emerging trends. For crypto enthusiasts, investors, and professionals, it’s crucial to stay updated with the pivotal events happening each month. January 2024 is no exception, with several high-profile events and project launches […]
The XRP Ledger has achieved a significant milestone, surpassing 5 million active addresses. This development is a testament to the enduring presence of XRP among altcoin investors. The number of XRP holders and traders has been steadily increasing since mid-2023, and the cryptocurrency is now posting gains in its 24-hour price after a week of […]
Cryptocurrency wallet firm imToken has been included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS). The IAL is used to caution investors about potentially dubious platforms. In response, imToken announced on X (formerly Twitter) that it was blacklisted in Singapore due to its headquarters being located there, despite not having […]
South Korean crypto exchange, Upbit, has secured a Major Payment Institution (MPI) license for its Singapore branch, Upbit Singapore, from the Monetary Authority of Singapore (MAS). The announcement was made on January 8. With this license, Upbit Singapore joins the ranks of 15 other institutions, including Ripple, Blockchain.com, Paxos, Coinbase, and Revolut, that hold MPI […]
Citigroup, a New York-based financial institution, is reportedly planning to establish its onshore investment banking unit in mainland China. The bank aims to launch this unit within a timeframe of 12 to 18 months, as per a report by Reuters that cites anonymous sources.The American lender has set a target to accommodate 30 individuals for […]
