Yield Protocol and Utopia Labs Announce Wind-Down

Yield Protocol and Utopia Labs have recently disclosed the cessation of their current operations due to various factors. While Yield Protocol cites inadequate demand for fixed-rate borrowing and regulatory hurdles, Utopia Labs is pivoting away from its existing product, though it remains upbeat about the crypto sector. (Read More) ​ 

Global Microfinance Market Projected to Reach $506 Billion by 2030

The global microfinance market, valued at $200 billion in 2022, is expected to grow to $506 billion by 2030, according to a new report by ResearchAndMarkets.com. The market is set to expand at a CAGR of 12.3% from 2022 to 2030. Microenterprises are identified as a vital growth driver for Microfinance Institutions (MFIs). The report […]

Coinbase CLO Responds to SEC’s Opposition

Coinbase’s Chief Legal Officer, Paul Grewal, responded to the SEC’s opposition to the company’s motion to dismiss the case against it. Grewal criticized the SEC for making unsupported legal claims and emphasized that the assets listed on Coinbase are not securities. He also called for regulation that listens to the crypto community and mentioned that […]

BETA, BOND, WTC, and XEM Added to Binance’s Monitoring Tag List

Binance has expanded its Monitoring Tag list to include Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), and NEM (XEM) as of October 4, 2023. The Monitoring Tag serves as a risk indicator for tokens with elevated volatility and risk. (Read More) ​ 

Ripple Gains Major Payments Institution License from Singapore’s Monetary Authority

Ripple, a leading enterprise in blockchain and crypto solutions, has secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This follows the in-principle approval granted to Ripple in June 2023. The license will enable Ripple to continue offering regulated digital payment token services in Singapore, a key market for the […]

Sygnum Singapore Secures MPI License from MAS

Sygnum Singapore’s acquisition of a Major Payment Institution Licence from the Monetary Authority of Singapore comes amidst a wave of similar regulatory approvals by entities like Coinbase, Blockchain.com, and Crypto.com. This development broadens Sygnum’s service offerings and positions it strongly in a competitive yet regulated digital asset market landscape in Singapore, thereby potentially attracting a […]