The government will also review property rights for tokenised assets and explore legalising so-called smart contracts

Blockchain.com becomes one of the 18 approved crypto services in Singapore, out of 180 who have applied for a licence since January

Binance said on Friday coins worth at least $100 million were taken in a hack that targeted a bridge between two Binance systems.

The group has been buying crypto with illicit funds and selling it in US dollars for a profit. Police have frozen $42 million in connection with the case, Pandaily said.

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