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Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors
Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court. Some of its core activities have been suspended.
Indonesia to Update Govt Rules for Crypto, Implement More local Control
The South Asian country's trade ministry is planning to issue rules to govern crypto exchanges that will require two-thirds of the board of directors and commissioners to be Indonesian citizens and live in Indonesia.
Chainlink Hits New All-Time High amid SmartZip Expanding Services to Oracle Network
SmartZip, a leader in real estate predictive analysis, announced that it will join Chainlink's market-leading decentralized Oracle network by launching its own Chainlink node.
Zipmex's Woes May Soon be Over, But Here is the Catch
Sources citing an email sent by Mahagitsiri’s representatives indicate that Zipmex’s co-founder and Chief Executive Officer, Marcus Lim, demand to forfeit 100% of his holdings in the company.
Zipmex Requests Moratorium Extension in Singapore
Cryptocurrency exchange Zipmex has requested an extension of its moratorium on debt in Singapore due to liquidity issues. The company plans to use the extra time to reopen withdrawals on its Z Wallet platform.
Crypto Lender Struggles Extended Creditor Protection For Vauld
Singapore gave Vauld another creditor protection term. The corporation needs a resurrection strategy by Feb. 28. Due to market circumstances, the site stopped 800,000 user withdrawals in July 2022. It received a three-month liquidity moratorium in August 2022.
Zipmex Resumes Some Altcoin Withdrawals After Suspending Withdrawals in July
Mainstream tokens, including bitcoin and ether, remain locked, but all Solana (SOL) tokens will be credited to investors' trading wallets, Zipmex's official statement wrote on Tuesday.
Coinbase To Invest in Singapore’s Zipmex following Acquisition Talks
Coinbase discussed acquisition deals with Zipmex. After negotiations, the two firms have agreed on strategic investments.
Thai SEC Bars Crypto Staking & Lender Services after Zipmex’s Bankruptcy
Thai regulator has banned digital asset operators from offering crypto depository services that pay returns to depositors to protect traders and the public from service providers’ business risks.