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Robinhood set to Introduce Crypto Products to the Singaporean Market this Year

Popular trading platform Robinhood plans to introduce crypto products to Singapore this year, subject to the completion of its acquisition of Bitstamp Cryptoexchange.  Robinhood, the app widely recognized by global traders, has pivoted into crypto in recent years. The Platform has looked to expand its hold on the sector by acquiring some crypto-focused startups like…

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Michael Saylor Warns Firms Against Lending Bitcoin, Suggests Issuing Securities backed by Bitcoin

Microstrategy Chairman Michael Saylor warned firms and whales against lending Bitcoin directly while recommending issuing securities backed by Bitcoin instead.  The Bitcoin Maxi stated this in an interview with Colin Wu, founder of leading crypto media outlet Wu Blockchain.  Michael Saylor made the statement reacting to a question on MicroStrategy’s Bitcoin lending and Staking Strategy. …

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Standard Chartered Bank Hong Kong leads Joint Venture to launch Hong Kong Dollar-Backed Stablecoins

Standard Chartered Bank (Hong Kong) Limited, A nimoca Brands, and HKT entered a joint venture with the intention of applying for a license from the Hong Kong Monetary Authority.  The License is projected to be used to launch a Hong Kong Dollar Backed Stablecoin geared towards competing in the fledgling global stablecoin market.  The Three…

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Binance

Binance’s $1.5B Settlement Sets Record for DOJ Criminal Recoveries

The U.S. Attorney’s Office for the Western District of Washington reported a record $1.5 billion in criminal recoveries for 2024, largely driven by Binance’s $1.5 billion settlement. The case marks a significant step in crypto regulation and enforcement. Binance Settlement Accounts for Majority of DOJ’s Record-Breaking Recoveries The U.S. Attorney’s Office for the Western District…

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