Daily Archives: 03/08/2021

Independent Reserve Exchange Obtained a License in Singapore

The Australian Exchange Independent Reserve has been approved by the Monetary Authority of Singapore (MAS) to operate as a virtual asset service provider. The Independent Reserve said it has received MAS approval under the Payment Services Act (PSA). It provides clear regulatory rules for cryptocurrency firms and exchanges that intend to legally operate in Singapore. The law came into force in January 2020. According to the PSA, digital asset trading platforms are required to protect…

SkyBridge acquired 38,400 tons of tokenized carbon credits

Investment firm SkyBridge Capital partnered with carbon provider MOSS Earth to acquire tokens representing 38,436 tonnes of carbon credits. SkyBridge announced the purchase of tokens this week, and company founder Anthony Scaramucci predicts that the BTC mining industry “will be powered by renewable energy by the end of the decade.” Scaramucci believes that offsetting carbon emissions offers an “effective” tool for the sector to reduce its ecological footprint: “Carbon offsetting is an effective way to…

Matrixport received $ 100 million in the next round of funding

The Chinese cryptocurrency platform Matrixport held a Series C funding round, which raised $ 100 million.The company’s capitalization reached $ 1 billion. Matrixport was launched in 2019 as a subsidiary of mining equipment manufacturer Bitmain. The platform quickly gained popularity and now Matrixport has assets of $ 10 billion. The company’s clients have access to a wide range of services, including digital asset trading, lending and fixed income products. In the spring of 2020, Matrixport…

PayPal continues to expand its cryptocurrency team

PayPal is seeking employees for multiple cryptocurrency-related positions in its offices in Ireland, further underscoring the firm’s ambition in the fast-growing digital asset market. Payment giant PayPal has begun assembling a small team in Ireland to support cryptocurrency-related initiatives, according to a local publication Irish Independent. PayPal is looking for employees for offices in Dublin and Dundalk. In particular, the company is interested in hiring specialists in the direction of compliance with regulatory requirements related…