The Latest Breaking News from Crypto

South Korea and Japan impose a blanket ban on privacy-focused currencies. ShapeShift delists Dash. Every major exchange demands pictures of your photo IDs scanned and uploaded. SEC, echoed by the Biden administration, hints at regarding crypto firms as brokers and imposing additional mandatory record-keeping requirements. 

Akalarp Yimwilai founder and CEO of Zipmex said on Thursday that the exchange’s financial exposure to troubled crypto lenders Babel and Celsius is US$48 million, or 1.7 billion baht, and $5 million, or 184 million baht, respectively, as of July 21. Celsius filed for bankruptcy on July 13.

Amid heightened volatility in the cryptocurrency market, the Monetary Authority of Singapore (MAS) said it will tighten laws for crypto players in the country in the coming months and take firm enforcement action if any entity is found to be conducting illegal activities.

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by "Bitcoin impairment."

CNBC

Elon Musk has a complicated relationship with cryptocurrency

“The future is crunk!” declares a digital re-creation of a young LeBron James in the ubiquitous TV commercial promoting Crypto.com.

Zipmex, a cryptocurrency exchange that operates in Singapore and Thailand, has halted withdrawals as the fallout from a series of defaults spreads further throughout the digital-assets industry.