Blockchain/Bitcoin
Luno Launches Early-Stage Investment Arm to Back Over 200 Fintech Startups
Luno, a wholly-owned subsidiary of Digital Currency Group (DCG), announces the launch of Luno Expeditions, a global, early-stage investment arm for fintech, crypto and web3 startups. The investment arm will now spearhead all of DCG’s early stage investing. The team
Read More
Binance Takes Strategic Stake in Malaysian Crypto Exchange MX Global
MX Global today announced an equity investment into the company from Binance, one of the world’s largest crypto exchanges. In addition, MX Global also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad, a
Read More
Luno Rakes up Over Half a Million Malaysian Users in 2021
Malaysian digital asset exchange Luno announced that it had garnered more than 600,000 customers at the end of November 2021. Luno said in a statement that this is a marked increase of over 233% year-on-year (YoY) from around 180,000 customers
Read More
Malaysian Crypto Startup Torum Secures Investment from KuCoin
Torum, a crypto startup who describes itself as a SocialFI Metaverse ecosystem for cryptocurrency users and projects announced today that they have secured a undisclosed sum of strategic investment from KuCoin Labs, the US$ 50 Million incubator and research of
Read More
SC Issues Cease and Desist to Rimau Swap for Illegally Operating a DEX
Following information received from the public, the Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a Decentralized Exchange (DEX) without authorisation from the SC. The SC will also seek the assistance of the Malaysian
Read More
62% of Malaysians Open to Investing in Cryptocurrencies
Luno, a regulated digital asset exchange in Malaysia, announced the completion of an online nationwide survey aimed at understanding the financial management habits of everyday individuals. Conducted by YouGov, the data was collected from more than a thousand Malaysian adults
Read More
MX Exchange Gets Green Light to Trade Cryptos, Appoints Former MDEC C-Level as CEO
MX Exchange has been granted full approval by the Securities Commission Malaysia (SC) to operate as Recognised Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of cryptocurrencies in Malaysia, making it the fourth DAX permitted to operate in Malaysia. The
Read More
Green Packet’s OCIB Plunges Into Crypto With Conditional Investment Bank License
Oasis Capital Investment Bank (OCIB), a fully-owned subsidiary of Green Packet has been awarded the conditional investment bank license from the Labuan Financial Services Authority (LFSA). The company is looking to specialise in digital asset portfolio advisory, management services as
Read More
Malaysian Crypto Platform Torum Bags Investment by Huobi Ventures
Torum, DeFi and NFT social media platform that is specially designed for cryptocurrency users, announced an undisclosed strategic investment by Huobi Ventures, the US$100 million venture arm of Huobi Group, to foster blockchain adoption and ecosystem expansion. On the eve
Read More
Binance and CZ Faces Enforcement Action from SC For Illegal Crypto Activities in Malaysia
The Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a crypto exchange in Malaysia. The regulator ordered Binance to immediately disable access to its website and app within 14 days from 26th July 2021, immediately
Read More