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Singapore to Require Trusts for Crypto Exchanges, China Boosts Digital Yuan Adoption

Singapore to Require Trusts for Crypto Exchanges, China Boosts Digital Yuan Adoption

Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the cryptocurrency market and protect investors from potential losses. Meanwhile, China is continuing to promote the adoption of its central bank digital currency (CBDC), the digital yuan, across various sectors and regions.

Read MoreSingapore to Require Trusts for Crypto Exchanges, China Boosts Digital Yuan Adoption
Crypto Market Rises on Independence Day, BNY Mellon and Franklin Templeton Join Digital Asset Panel

Crypto Market Rises on Independence Day, BNY Mellon and Franklin Templeton Join Digital Asset Panel

The cryptocurrency market showed signs of recovery on July 4th, as many coins gained in value after a prolonged slump. Bitcoin, the largest cryptocurrency by market cap, rose above $31,000, while Ethereum, Binance Coin, Lido DAO and other altcoins also posted positive gains.

Read MoreCrypto Market Rises on Independence Day, BNY Mellon and Franklin Templeton Join Digital Asset Panel