DBS is not extending its crypto trading services to retail clients by the end of 2022, its CEO Piyush Gupta said at an annual general meeting on March 31, contrary to its earlier plans.
In a response to shareholder’s query, Gupta highlighted that regulatory bodies are “rightfully concerned” about retail access to cryptocurrencies. DBS’s members-only DBS Digital Exchange — available to accredited and institutional investors — recorded over $1.1 billion in trading value in the FY2021 ended December.
Meanwhile, Ukraine has raised over US$54.7 million in cryptoasset donations that will be given to the Ukrainian government and Come Back Alive, an NGO providing support to the military, according to new data from blockchain analytics firm Elliptic.
The spike in donations comes with notable contributions from Gavin Wood, founder of Polkadot, a cryptocurrency, of US$5.8 million and an anonymous donation of US$1 million in Tether.
Several donations have also come in the form of NFTs, according to a report by CNBC, with one CryptoPunk NFT worth over US$200,000 sent to the Ukrainian government’s Ethereum account and UkraineDAO auctioning off an NFT of the Ukrainian flag for US$6.5 million in ethereum (ETH). According to Elliptic, the proceeds of the sales will be donated to Come Back Alive.
Axie Infinity is delaying the launch of its “Origin” upgrade from March 30 to April 7, following hackers stealing US$625 million from the underlying Ronin blockchain earlier last week, according to a report by CoinDesk.
See also: Digital Assets Association launches to connect tradfi and tokenised real world assets
“While the game is ready for soft launch, we have decided to give the engineering and security team an additional window of time to deeply investigate all implications of the breach, before asking for their full attention to support Origin’s release,” Axie Infinity developer Sky Mavis wrote on its Substack.
The hack may be one of the largest exploits in DeFi history, with losses including 173,600 ETH and US$25.5 million in USD Coin (USDC). Sky Mavis, however, has promised to reimburse players who lost funds due to the hack.
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