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GSR Secures Major Payment Institution Licence from Singapore's MAS

GSR Secures Major Payment Institution Licence from Singapore's MAS

GSR, a global cryptocurrency trading firm, has received In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). The approval allows GSR's Singapore subsidiary, GSR Markets Pte. Ltd., to better serve the cryptocurrency community. The news comes a day after Coinbase Singapore announced its full licence, highlighting the competitive yet regulated crypto landscape in Singapore.

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

The growth of the broader cryptocurrency ecosystem is not reflected in the percentage of crypto transaction volumes being used for illicit or fraudulent criminal activities.

$1 Billion in Bitcoin Moves From Silk Road Wallet, a Format Update or a Hack?

$1 Billion in Bitcoin Moves From Silk Road Wallet, a Format Update or a Hack?

69,370 Bitcoins has moved from an address connected to the defunct Silk Road darknet market for the first time in five years, was it a hack or a move to update the address?

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit discloses Dunamu & Partners' #Bitcoin holdings as of October 2023, holding 2,081.84950412 BTC with no sales transactions recorded, aligning with Upbit's transparency principle in digital asset trading.

CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

Digital currency tracker CipherTrace has declared the valuation of cryptocurrency-related frauds in the first 5 months of 2020 to be $1.4 billion. This figure can spark insecurity among crypto investors but paying attention to security models can prevent such losses in the future. Several businesses particularly those geared towards blockchain technology experienced quantifiable economic downturns. Some of these downturns are just coming to limelight with the CipherTrace reports released on June 2.

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