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Singapore
Will September Be More Difficult for Bitcoin Miners?; Worldcoin Faces Scrutiny in Singapore
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Jefferies report said that bitcoin mining was notably less profitable in August than July. Plus, Singapore is investigating seven people for offering Worldcoin services, and India and Nigeria top the world in terms of grassroots crypto adoption.
Singapore Investigating Seven People for Providing Worldcoin Services
On Aug. 7, Singapore's police warned the public against giving away or selling their Worldcoin accounts or tokens.
Nansen Buys StakeWithUs, Expanding Beyond Data Provision Into Crypto Investment
The company will also become one of the first validators on the Berachain mainnet.
Extremely Unlikely WazirX Customers Will Be Made Whole in Crypto Terms: Legal Advisers
WazirX co-founder Nischal Shetty said the numbers are as of today and the objective is to reduce the gap through various efforts.
OKX Receives Major Payment Institution License in Singapore
The company has also appointed Gracie Lin as CEO of OKX SG to oversee the development of new products and services it is now permitted to offer Singaporean customers
WazirX Asks Singapore Court for 6 Months to Restructure Liabilities as CoinSwitch Weighs Legal Action
Indian rival CoinSwitch said it is likely to sue the hacked crypto exchange, where $9.6 million worth of deposits were held.
RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Robert F. Kennedy Jr. doubled down on his support for bitcoin at the BTC 2024 conference in Nashville. Plus, Jersey City Mayor, Steven Fulop announced that the city's municipal pension plan will soon invest in bitcoin via ETF products and Singapore's government released a new report on the increasing use of cryptocurrencies in terror financing.
Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore
"As a global financial centre and transport hub with a significant migrant workforce, Singapore remains a potential source of funds for terrorists and terrorist organisations abroad," the report said.
Hex Trust Receives In-Principle Approval from Singapore's MAS For Major Payment Institution License
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
The Monetary Authority of Singapore released its stablecoin framework last year.
