The International Monetary Fund (IMF) said the recent crypto market crash posed no threat to the wider financial stability of the world economy. The July 26 report “Gloomy and More Uncertain” states that the rising inflation rate and the possibility of a recession caused by the Ukraine war and continued COVID lockdowns have left the…
Three Arrows Capital (3AC) liquidators have applied to a High Court in Singapore to deny any claim made by the hedge fund or access to its headquarters, court filings showed. The liquidators said they need the court to protect the hedge fund assets in Singapore, given the number of legal proceedings that might come against…
The Monetary Authority of Singapore (MAS) is considering new regulations to protect retail investors after the crypto market crash led to the collapse of several crypto firms. According to the regulator, the new rules being considered include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.” MAS continued…
CoinFlex will likely not resume withdrawals for its users on June 30, CNBC reported, citing the exchange’s CEO Mark Lamb. Lamb said that the crypto derivatives exchange would not be resuming withdrawals on June 30 and needs more time, according to the report. According to Lamb, We will need more time. And it’s unlikely that…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. SEC Commissioner Hester Peirce criticized crypto bailouts in a recent Forbes interview and said the current market crash could set the foundation for a more sustainable future for the industry. According to Peirce, tough times in the industry reveal projects…