Swiss Crypto Bank Sygnum Reaches Unicorn Status with $1 Billion Valuation
Digital asset bank Sygnum has achieved unicorn status after raising $58 million in an oversubscribed funding round led by Fulgur Ventures. The Swiss-Singaporean bank manages $5 billion in assets across 60+ countries and plans expansion into Hong Kong while emphasizing regulatory compliance.
Asia Dominates Global Crypto Market with China's Surprising Resurgence
Asia commands 60% of global cryptocurrency users, with five Asian nations ranking in the top 10 for crypto adoption. Despite regulatory restrictions, China maintains a vibrant crypto ecosystem through Hong Kong gateways, while Singapore emerges as a regional hub with $1 billion in Q2 transactions.
Asian Banks Face $3M Lawsuit Over Cryptocurrency Investment Scam
A California resident files a $3 million lawsuit against three major Asian banks for allegedly enabling a cryptocurrency investment scam that cost him $1 million. The case highlights growing concerns over financial institutions' role in preventing crypto-related fraud and monitoring suspicious transactions.
Coinbase Reports Significant Drop in Global Law Enforcement Data Requests
Cryptocurrency exchange Coinbase reveals an 18% year-over-year decrease in law enforcement information requests, with notable declines across major European markets. The US remains the top requester while Singapore emerges as a rising jurisdiction, highlighting shifting regulatory dynamics in the crypto space.