Decentralised finance project Mixin Network has suspended deposits and withdrawals after suffering a hack involving US$200 million (RM936.4 million) in crypto assets, the entity said through a post on X, the firm previously known as Twitter.

Defi project Mixin Network suspends services after US$200 mil crypto hack

A US appeals court on Thursday upheld a judge's decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct 3 trial on fraud charges stemming from the November 2022 collapse of his now-bankrupt FTX exchange.

Sam Bankman-Fried to stay in jail, appeals court rules

Bitcoin isn't the only asset experiencing a late summer slump.

Stablecoins, cryptocurrencies typically pegged to real-world assets like the US dollar, have wilted to their lowest market capitalisation in over two years, as subdued trading volumes and a weaker dollar weigh on the market for the tokens.

Stablecoins sag in the dog days of summer 

Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.

Crypto platform JPEX shuts down trading amid Hong Kong probe 

Chinese fintech behemoth Ant Group Co is planning to unwind its investment in A&T Capital, retreating from a US$100 million (RM468.6 billion) vehicle that was central to its bet on a turbulent digital-asset arena, according to people familiar with the matter.

Ant to pull out of US$100m fund in retreat from crypto

SINGAPORE (Sept 15): SMI Vantage’s wholly owned subsidiary SMI CS has signed an offer to rent agreement, allowing the company to set up its Bitcoin mining business in Malaysia’s state of Sarawak in Borneo.

Singapore’s SMI Vantage to set up Bitcoin mining business in Sarawak

Former Goldman Sachs Group Inc managing director Javier Rodriguez-Alarcon is joining XBTO, the crypto investment firm that’s the jersey sponsor for football superstar Lionel Messi’s new team Inter Miami.

Ex-Goldman quant MD joins crypto firm that sponsors Messi’s team

Singapore’s approach to crypto became more conservative after the collapse of FTX but the island remains crypto friendly overall, said Changpeng ‘CZ’ Zhao, chief executive of the Binance digital-asset exchange.

Singapore turned conservative on crypto after FTX, Zhao says

The Monetary Authority of Singapore (MAS) has issued nine-year prohibition orders against two directors of failed hedge fund Three Arrows Capital (TAC), Zhu Su and Kyle Livingston Davies.

MAS slaps prohibition orders on former Three Arrows directors

Crypto is increasingly looking to Asia for a revival as the chastened sector reels from a crackdown in the US.

Crypto seeks lifeline in Asia as US crackdown spurs more layoffs 

Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct 3 trial on fraud charges stemming from the collapse of his FTX cryptocurrency exchange, a court filing showed.

Sam Bankman-Fried loses bid for pretrial jail release

SINGAPORE (Sept 12): Nasdaq-listed Coinbase has launched an institutional-grade web3 wallet in Singapore, fully integrated into the Coinbase Prime platform.

Coinbase launches institutional-grade Web3 wallet in Singapore

(Sept 12): Volatility picked up in digital-asset markets, as traders evaluated the prospect of crypto disposals by the defunct FTX exchange through its bankruptcy process.

Crypto volatility picks up on looming sales from FTX’s US$3.4 bil token hoard

US-based crypto exchange Coinbase Global Inc said it will disable some Indian accounts while adding that the company remains “committed” to opportunities in the nation over the long term.

Cryptocurrency

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