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Mingsheng_Mingsheng Exchange

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Ming Sheng

Mingsheng was established: 2017-12

Mingsheng registered area: United States

MINGSHENG (Mingsheng) is an innovative digital asset international trading service platform serving global professional trading users. It is committed to discovering high-quality innovative digital asset investment opportunities, and has been approved by the U.S. Money Services Business (MSB, the U.S. Treasury Department’s Financial Crimes Enforcement Bureau) ) issued a trading license. MINGSHENG is a comprehensive digital asset service provider with global competitiveness and influence. In terms of technology platform, product line, security risk control system, operation and customer service system, MINGSHENG is in a leading position in the world. Our characteristics: safe, transparent, efficient, easy to use, large transaction volume, fast transaction speed, and low handling fee.

Singapore MAS executive: Banks must hold $125 in capital for every $100 worth of bitcoin: Golden Finance reported that Tharman Shanmugaratnam, senior minister and minister in charge of the Monetary Authority of Singapore (MAS), said on Monday that banks in Singapore must hold $125 U.S. dollars of capital for $100 exposure to high-risk cryptocurrencies such as Bitcoin or Ethereum. Although banks in the Singapore jurisdiction have “negligible” exposure to cryptocurrencies, accounting for less than 0.05% of total risk-weighted assets, these types of crypto assets should be subject to the strictest risk management requirements, the executive said. .

He said, “Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a risk weight of 1,250% for their exposure to riskier crypto assets such as Bitcoin and Ethereum. The minimum aggregate capital adequacy requirement for systemically important banks is 10%, which means that a bank incorporated in Singapore must hold US$125 in capital to have exposure to US$100 in crypto-assets such as Bitcoin.” [ 2022/11/29 21:08:12]

Analyst: NFT is a very bad store of value: According to news on February 20, economist and trader Alex Krüger tweeted that the NFT industry will grow tenfold, but most art NFT buyers will eventually lose money. NFT will prove to be interesting or useful, but it is a very bad store of value. The reason is that it is very simple and cheap to create NFT, and the supply far exceeds the demand. Of course, NFTs are still 1000 times better than lottery tickets. [2022/2/20 10:04:18]

Avocado Guild Has Raised Over $17 Million Through First Launch Auction: On Dec. 30, Avocado Guild raised over $17 million through its First Launch Auction (TLA) at Copper Launch. The auction lasted for five days starting on December 27 and is still ongoing.

According to previous reports, Avocado Guild, a P2E game association, completed its Series A financing of US$18 million at a valuation of US$200 million. Animoca Brands led the investment, and Three Arrows Capital, Golden Tree Management, Solana, LD Capital, Hashed, Binance Capital Management, etc. participated in the investment. [2021/12/30 8:15:12]

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Ming Sheng
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