Jul 22, 2022
Crypto Purchases Using Credit Cards Now Banned in Taiwan
Taiwan’s Financial Supervisory Commission has instructed credit card companies to stop signing on crypto firms as merchants in the next three months.
The financial regulator specified that credit cards are essentially consumer payment tools, and as such should not be used for high risk financial transactions.
Taipei City Skyline at sunset, Taiwan.
Jul 21, 2022
Vauld Seeks Protection From Creditors in Singapore
The crypto lending and trading platform noted it had filed for a moratorium order as to give its management more time to develop a proper restructuring plan.
Vauld paused all deposits, withdrawals, and trading on its platform on 4 July due to volatile market conditions.
Jul 19, 2022
Lido Finance Expands ETH Staking to Layer-2
Lido has already integrated its bridged staking services with Argent and Aztec, and will reveal more partnerships in the coming months.
The company will initially support bridging and staking of wrapped stETH (wstETH) on layer-2 networks, but will eventually allow of staking of ETH directly on layer-2 networks.