Crypto

Singapore may soon require retail investors to take a test and not use credit card payments and other forms of borrowing for trading cryptocurrencies, the central bank proposed on Wednesday in a series of stringent measures as the island nation looks to make citizens aware of the risks surrounding volatile Read more…

Lawmakers in the U.K. voted in favor of recognizing crypto assets as regulated financial instruments and products in the country on Tuesday. The House of Commons, the Parliament’s lower house, met on Tuesday for a line-by-line reading of the proposed Financial Services and Markets Bill, which broadly covers the U.K.’s Read more…

It took more than an hour to mine a block of bitcoin (BTC) on Monday, leaving thousands of transactions stuck in an unconfirmed state. CoinDesk reports: According to on-chain data from several block explorers, the interval between the two latest blocks mined by Foundry USA and Luxor was 85 minutes. Read more…

“Hackers are on a roll in 2022, stealing over $3 billion in cryptocurrency,” writes Slashdot reader quonset (citing figures from blockchain analytics firm Chainalysis). “And the year isn’t over yet. “For comparison, in 2021, only $2.1 billion in crypto currency was stolen during the entire year.” A big chunk of Read more…

America’s Securities and Exchanges Commission received a letter Thursday from Colorado Senator John Hickenlooper urging clearer regulations of digital assets: The lawmaker asked the agency to clarify what types of digital assets are securities, address how to issue and list digital securities, establish a registration service for digital asset security Read more…

Tether, the world’s largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. CNBC reports: The popular U.S.-dollar-pegged cryptocurrency said the move is part of tether’s “ongoing efforts to increase transparency” and back its tokens with “the Read more…