The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication. Source …
New York financial regulator fines Robinhood’s crypto division $30M
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris. Source …
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Ethereum futures backwardation hints at 30% ‘airdrop rally’ ahead of the Merge
Backwardation reflects a market condition wherein spot prices trade higher than future prices. Source …
Bitcoin holds $24K as USD taps 3-week lows on eurozone inflation report
Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding. Source …
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Moelis & Co. co-founder to head new blockchain advisory unit
Moelis & Co.’s John Momtazee stated the firm was unfazed in launching the group amid a crypto bear market, acknowledging that any new “disruptive” tech comes with volatility. Source …
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Thai SEC launches digital hotline for Zipmex users
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website. Source …
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Buying crypto with credit cards is now indirectly banned in Taiwan
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling. Source …
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