Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 million to crypto lenders Babel […]
CRYPTO
Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track-sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as […]
Crypto funds ‘disappear’ from French asset manager books
French police are investigating claims that tens of millions of euros worth of crypto assets vanished from the books of an association representing hundreds of investors, a judicial source said. RR Crypto, a digital asset specialist based near Dijon in central France, at the weekend informed its members that all the money they had invested […]