• STEPN Reveals Apple Pay Integration
• Huobi Ordered to Stop Operations in Malaysia
• Hotbit Closes Shop, DCG Missed a $630M Payment and BXB Capital Raising Capital Exclusively in BTC

STEPN Reveals Apple Pay Integration

Crypto fitness app STEPN said it is the first blockchain gaming app to secure an integration with Apple Pay. This integration enables users to use Apple Pay as a method to buy STEPN products and upgrades in-app on the STEPN app, removing the need to use a crypto wallet to facilitate transactions, it added.

Huobi Ordered To Stop Operations In Malaysia

The Securities Commission Malaysia (SC) ordered Huobi Global Limited to stop operations in the country, saying that it had been operating its crypto exchange without registration. The SC took action against CEO Leon Li as well for operating illegally in Malaysia. “In addition, the SC has ordered Huobi Global Limited to […] disable its website and mobile application on several platforms such as Apple Store, Google Play and any other digital application platform,“ said the press release.

Hotbit Closes Shop

Hotbit said it will cease all operations on May 22 after being active for over five years, asking all users to withdraw their remaining assets before June 21. They gave three reasons behind this decision: the deterioration of the operating conditions, the change in the crypto industry trend, and a variety of risks that come with operating an exchange. “The Hotbit team believes that centralized exchanges (CEX) are becoming increasingly cumbersome, with highly complex and interconnected businesses that are difficult to comply with, whether for compliance or decentralization, and are unlikely to meet long-term trends,“ it said.

DCG Missed A $630M Payment

BitMEX announced a dedicated service in Hong Kong, saying that the BitMEX Hong Kong mobile app would be released on 29 May where verified users can instantly buy and sell cryptocurrencies via 11 spot pairs as well as convert crypto with over 30 currencies. Per the announcement, the exchange is preparing to apply for the virtual asset service provider (VASP) license under the Securities and Futures Commission (SFC) Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022. Digital Currency Group (DCG) missed a $630 million payment it was meant to send to its subsidiary Genesis Global Capital earlier this month according to a May 18 Bloomberg report citing anonymous sources familiar with matter

BXB Capital Raising Capital Exclusively In BTC

BXB Capital announced plans for raising capital exclusively in Bitcoin later this year according Bloomberg Tax & Accounting’s weekly newsletter dated May 7th 2021 which detailed news from venture capital firms indicating their focus on investing only into cryptocurrency projects or startups using tokens or coins directly as part of their business model or operations

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