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Industry Trends

08/07/2022

XREX Tea Talk: Three Arrows Capital Crisis, Crypto Crash, and Tips for Retail Investors

XREX Tea Talk: Three Arrows Capital Crisis, Crypto Crash, and Tips for Retail Investors Recently, several decentralized finance (DeFi) platforms plunged deeper into financial turmoil and fell into liquidity crises, which triggered greater fear and challenges to the entire crypto ecosystem. The fall of Three Arrows Capital (3AC), Celsius, Voyager,… Read More

Industry Trends

19/05/2022

Stablecoins: A take on their reserves, transparency, regulatory and operational risks

Last week saw the de-pegging of yet another stablecoin. Terraform Labs’ stablecoin TerraUSD (UST) depegged from the USD and hit $0.29 at one point. A further decline in the days following the initial depeg saw UST trading as low as $0.03 at one point. With a market cap of approximately… Read More

Announcements

13/05/2022

XREX Obtains MSB License from US FinCEN

Before FinCEN, XREX acquired an MSB license from Canada and is currently applying for licenses from the Monetary Authority of Singapore. Taipei, Taiwan, May 13 2022 — Blockchain neo fintech company XREX Inc. obtained a Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN), which is a… Read More

Industry Trends

28/04/2022

The Road of Crypto Regulation in the US and Why Crypto Executive Order Is a Historical Milestone

The past year has seen a flurry of cryptocurrency regulation-related activity, particularly from banking regulators. On March 9, U.S. President Joe Biden signed the executive order (EO) on “Ensuring Responsible Development of Digital Assets” amid explosive growth in blockchain technologies and cryptocurrency adoption. Just three weeks ago, U.S. Treasury Secretary… Read More

Announcements

21/04/2022

Ex-Fed Risk Specialist Michael Shing joins XREX as Director of Risk Management

Blockchain neo fintech company XREX Inc. announced today that Michael Shing onboards as its Director of Risk Management. Shing spent more than a decade with the Federal Reserve branches in San Francisco and New York, first as an analyst and then a senior risk specialist. Prior to his time with… Read More

Announcements

15/04/2022

XREX Forays into Web3 by Launching its First NFT — Shakti Tigers

Today, we are excited to announce that XREX has launched its first NFT collection, Shakti Tigers! This collection marks our first step into creating a universe of financial inclusion, and grants users ownership with the web3 spirit. To mark this important juncture, we want to celebrate and honor pioneers who… Read More

Industry Trends

31/03/2022

High-Quality Liquid Assets: Tether reduces its cash reserves, but there’s more than meets the eye

On February 21, Tether issued its latest quarterly assurance opinion. The USDT issuer announced that its reserves now exceeded its liabilities. This should have eased concerns over Tether’s ability as the single arbiter of the world’s largest stablecoin in market cap. Instead, it was met with mixed reviews, with some… Read More

Announcements

18/03/2022

XREX Complies with Taiwan FSC Anti-Money Laundering Rules: Seven Crypto Exchanges Meet Requirements

XREX Complies with Taiwan FSC Anti-Money Laundering Rules. According to a press release issued on March 4 by Taiwan’s Banking Bureau of the Financial Supervisory Commission (FSC), 18 cryptocurrency trading platforms filed Compliance Statements with the FSC, but only seven met requirements, including 鏈科股份有限公司, XREX’s research and development center in… Read More

Industry Trends

14/03/2022

Tether: Opportunities and Risks of USDT in CeFi and DeFi

Cryptocurrencies are volatile; there is no limit to price soar and plunge, and the market runs 24/7/365. In November 2021, we witnessed Bitcoin hitting its highest — over $68,000 — it fell to almost 50% of that in January 2022 which led the entire market into a bearish mode. Such volatile characteristics in cryptocurrencies… Read More

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