Kwon faces allegations of defrauding customers, having lost $40 billion of investors' money after his firm Terraform collapsed earlier this year, TechCrunch said.

Before the software upgrade one Ethereum transaction used as much power as an average US household uses in a week

Ethereum has surged 65% since June as it nears a software upgrade to reduce its power usage. Some bet that if the 'Merge' this week is successful it could even challenge bitcoin

Treasurer Jim Chalmers said his department would list the types of digital currencies within the country, as a first step to identify which crypto assets to regulate, and how.

The Singapore-based lender said the layoffs were to reduce the company's expenditure and leave it with only about 10 employees. 

The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed a petition with the Singapore High Court.

Ethereum's move to a faster, more efficient form of mining may be behind crypto's rebound, JP Morgan has said, following positive results from testnets in recent months.

Hodlnaut is the latest in a number of crypto players to struggle after a global sell-off that that has seen the collapse of the Luna and TerraUSD tokens

Zipmex resumed withdrawals a day after suspending them on July 20 and said it was working to address its exposure of $53 million to crypto lenders Babel and Celsius

The Consumer Financial Protection Bureau said it is worried about real-time payments as more digital assets exchanges and lenders fall foul of regulations

Thailand's Securities and Exchange Commission has asked Zipmex users to submit information via an online forum on how they were affected by problems at the crypto exchange platform

China will respect privacy and protect personal information in using digital yuan, Mu Changchun, director-general of the central bank's Digital Currency Research Institute said