OSL LAYS OFF STAFF AND REDUCES HEADCOUNT IN RESPONSE TO CURRENT MARKET CONDITIONS |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

Fidelity-backed digital asset platform OSL which provides digital assets trading and custody services, and software solutions for institutional investors, is reportedly laying off staff and reducing its headcount to reduce the operating cost by about a third. Hugh...

SILVERGATE BANK REPORTS A $1 BILLION NET LOSS IN Q4 2022 |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

The California-based Silvergate Bank has announced a $1 billion net loss in the fourth quarter of 2022, resulting in a loss of $949 million last year. Customer deposits also plummeted to $6.3 billion in that quarter. The Bank said it was preparing for a sustained...

THAI REGULATOR PUBLISHES NEW REGULATION FOR VASPS THAT PROVIDE CUSTODY SERVICES |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

The Securities and Exchange Commission of Thailand has published regulation mandating virtual asset service providers that offer crypto custody services to establish a digital wallet management system. The requirements include a contingency plan to be in place in the...

SEOUL LAUNCHES FIRST PHASE OF THE CITY’S METAVERSE PROJECT |1300 HKT | 0600 UKT | 18 January 2023

by Александр Пирогов | Jan 18, 2023 | Blog News

The Seoul Metropolitan Government announced the launch of the first stage of the city’s metaverse project on 16 January. Mayor of the country’s capital Oh Se-hoon said the virtual environment will be a place of communication for Seoul’s citizens, who could virtually...

VIRTUAL BANK WILL BE ALLOWED TO OPERATE IN THAILAND BY 2025 |1300 HKT | 0600 UKT | 17 January 2023

by Александр Пирогов | Jan 17, 2023 | Blog News

According to the report from Bloomberg, the Bank of Thailand will allow virtual banks to provide services in the country by 2025. The application will be opened later this year and the central bank plans to grant three different licenses to applicants by 2024. There...

MONEX REPORTEDLY SHOWS INTERESTS IN BUYING FTX JAPAN |1300 HKT | 0600 UKT | 17 January 2023

by Александр Пирогов | Jan 17, 2023 | Blog News

Tokyo-based online brokerage firm Monex Group has reportedly expressed interest in buying FTX Japan, which is one of the four FTX assets on sale following the exchange’s bankruptcy proceedings. Monex CEO Oki Matsumoto said the Japanese crypto market has much...