Cryptocurrency
Hodlnaut suspends withdrawals
By My Sweet Retirement  •  August 8, 2022
Hodlnaut suspends withdrawals! I believe that this is a piece of shocking news to all crypto investors as another crypto platform goes down the drain. The crypto industry is already badly beaten over the 1 year period as we see prices of Bitcoin, Ethereum plunged from their all time high. You really need a strong heart to invest in Cryptocurrencies! If you never heard of Hodlnaut, they are a Singapore-based crypto currency lender and borrower. In simple terms, you deposit crypto with them and earn crypto interest which is paid out on a weekly basis. In Hodlnaut’s email to all investors, they announced that they will be halting withdrawals, token swaps and deposits with immediate effect. Hodlnaut have also withdrawn their licence application with the Monetary Authority of Singapore (MAS). Therefore, they will no longer be providing regulated digital payment token (DPT) services,...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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