Reddit Posts
Crypto.com Receives Authorisation as an Electronic Money Institution from the United Kingdom’s Financial Conduct Authority
Coinbase Expands Services In Singapore With Its New MPI License – Details
Singapore Grants Blockchain.com MPI License for Crypto Services
Circle Singapore Gets An MPI License
Gemini Eyes UAE Expansion Amid US Uncertainty, Crypto.com Gets MPI License in Singapore
Mentions
There's an index for it MPI or something which kinda tracks it. https://hashrateindex.com/hashrate/pools
>Miners' Position Index (MPI) is the ratio of total miner outflow (USD) to its one-year moving average of total miner outflow (USD). Higher value shows that miners are sending more coins than usual which indicates possible selling. If miners send some proportion of their reserve at the same time, it could trigger a price drop.
Currently the MPI is 6.4, which is high; however, back on Jan 11th it was at 9.4, which is the highest it has been in the previous 12 months. High values mean significant miner selling. Exchange reserves of BTC are up off the local lows, but have a short term mild downward trend line, which could break in either direction. Source: cryptoquant.com
"The largest Korean exchange has received in-principle approval by the Singaporean MAS. In spite of previous high-profile disappointments tied to the crypto industry, such as 3AC and the ill-fated investment into FTX, the Singaporean government has been approving quite a few crypto platforms during the past weeks. The latest to get the preliminary nod is the South Korean giant – UPbit. Spree Of Approvals Ripple, Coinbase, and smaller players such as Sygnum and GSR have all been awarded an MPI (Major Payment Institute) license by the Singaporean government earlier this month. Although several more details still need to be hashed out before UPbit Singapore can begin operating at full capacity, the in-principle agreement (IPA) allows the crypto exchange to provide digital payment token services within the city-state. The full license should be granted at a later date as a cursory matter as long as no unexpected issues come to light. Alex Kim – the CEO of UPbit – stated that obtaining the MPI license was a major milestone that his firm had worked toward since 2018, given the regional and global prominence of Singapore in financial markets. “Singapore, as our global powerhouse, unlocks new capabilities for retail, institutional, and infrastructure-focused businesses.” Going by trading volume, UPbit is the largest crypto exchange by far in Korea, raking in figures nearly ten times those of its closest competitor, Bithumb, according to Statista. However, both exchanges were investigated by South Korean police earlier this year. The headquarters of both firms were raided in May as part of an investigation into local politician Kim Nam-Huk. However, it’s worth noting that the raids were most probably due to the transfer of the politicians’ crypto holdings between them and not necessarily indicative of any fault with the exchanges themselves. Mutual Trust Is Key UPbit Singapore Pte. Ltd. will operate under the umbrella of UPbit APAC, which controls the exchange’s business in Thailand and Indonesia. UPbit APAC also runs VerifyVASP, a proprietary Travel Rule solution provider. Azman Hamid, UPbit Singapore’s Chief Compliance Officer, thanked the MAS for the trust and reiterated his firm’s commitment to aiding Singapore in maintaining its dominance in financial markets. “We are incredibly proud to receive the IPA from MAS, a globally renowned financial regulator. This approval reflects our unwavering commitment to building trusted digital asset businesses in Singapore. Through engaging collaboration with the regulator, businesses, and communities, we will contribute to further establishing Singapore as the leading hub for the next generation of financial businesses.” With this milestone, UPbit will continue developing tools for developers – such as VerifyVASP – as well as its trading capabilities."
tldr; South Korean top cryptocurrency exchange UPbit’s Singapore subsidiary, UPbit Singapore, has received an in-principle approval from the Monetary Authority of Singapore (MAS). On Oct. 16, UPbit Singapore said it received in-principle approval for a Major Payment Institution (MPI) license, which enables the company to offer regulated Digital Payment Token Services while awaiting full approval. This […] The post UPbit becomes third major crypto firm to secure licensing in Singapore this October appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Upbit, a leading South Korean cryptocurrency exchange, has received preliminary approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will allow Upbit to continue offering regulated digital payment token services in Singapore while awaiting full approval. Singapore has emerged as a leading crypto hub, and Upbit's approval reflects their commitment to building trusted digital asset businesses in the country. Upbit Singapore was established in 2018 and received exempt status from holding a license in 2020. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Ripple has obtained a digital asset license from the Monetary Authority of Singapore, allowing the company to offer regulated digital asset payment services in the country. The license applies to Ripple's Singapore subsidiary, Ripple Markets APAC Pte Ltd. Ripple CEO Brad Garlinghouse stated that Singapore has been pivotal to Ripple's global business and that the company plans to continue growing its presence in the country. Ripple joins other high-profile web3 firms in receiving a Major Payments Institution (MPI) license from the Monetary Authority of Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
"While the main venue of attack are TLS servers, the core issues that caused its wide spread are applicable to most asymmetric cryptographic algorithms (Diffie-Hellman, ECDSA, etc.), not just to RSA." "**Finally, we don't believe that this is limited to RSA itself,** any implementation that uses general purpose integer implementation (like the default mode of OpenSSL's BIGNUM, NSS's MPI, Java's BigInteger, Python's int, Rust's apint, Gnu MP's mpz\_t, Go's math/big Int, etc.) will suffer from the same issues. Given that there are attacks that exploit high order bits being zero in other algorithms, like Minerva against **ECDSA**...." Source: https://people.redhat.com/\~hkario/marvin/
tldr; Crypto liquidity provider GSR has received regulatory approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This license allows GSR to provide crypto and fiat-related services to residents of Singapore without transaction limits. GSR plans to use its Singaporean subsidiary as a hub for expanding into the Asia-Pacific region. This approval follows Coinbase's recent acquisition of a full MPI license from MAS. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The Singapore arm of cryptocurrency exchange Coinbase said on Monday that it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The Singapore arm of cryptocurrency exchange Coinbase said on Monday that it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Coinbase has obtained a Major Payment Institution (MPI) license in Singapore, allowing it to expand its digital asset payment services to retail and institutional customers. The license exempts Coinbase from transaction limits and validates its commitment to the expanding web3 and crypto community. Singapore's growing crypto market presents an attractive opportunity for firms to grow their revenue and customer base. Other global crypto firms, such as Blockchain.com and Circle, have also received MPI licenses in Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Coinbase, the US-based cryptocurrency exchange, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This license allows Coinbase to expand its digital payment token services to individuals and institutions in Singapore without transaction limits. Coinbase has been actively developing products and services for the Singapore market, including integrating Singapore's digital identity service SingPass. The company sees Singapore as a vital market, with over 30% of Singaporeans being current or past owners of cryptocurrency. This move follows other major cryptocurrency firms securing the MPI license in Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
We need a new mushroom price index (MPI) to calculate the real inflation.
"Only a limited number of companies have successfully acquired a Major Payment Institution (MPI) license for digital payment token services. As per the MAS website, the list of MPI license-holders as of Sept. 1 includes: Blockchain.com Circle Internet Singapore DBS Vickers Digital Treasuries Center **FOMO Pay**" Really? The name of the company is FOMO Pay? 😅
tldr; BTC Flirts With $30K But Warning Signs Are Starting To Appear: Bitcoin Price Analysis - CryptoSaurus After a successful breakout above the crucial $30K resistance, bitcoin price is currently holding a position above this level. However, there are worrying signs emerging that suggest a possible retracement or change in direction in the near future. The RSI indicator is showing overbought conditions on the daily chart, indicating a possible short-term decline. If the price drops below $30K, the recent breakout could be invalidated, leading to a potential reversal. The behavior of bitcoin miners is also being analyzed, with the Miners Position Index (MPI) showing a significant increase while BTC price rose above $30,000. This could indicate miners selling some of their holdings, potentially leading to an oversupply of bitcoin and a significant price drop. Investors are advised to exercise caution and monitor the situation closely. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Crypto.com has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), after having obtained in-principle approval in the city state last June. The MAS is known for setting a high bar for approving companies in the crypto industry and has pledged to be "brutal and unrelentingly hard" on bad behavior. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*