8 / 9 Relevant items tagged with #Singapore

Posts

Binance custody partner clarifies Singapore licensing plans

[Mar 2, 2023 5:19 AM] Binance recently rebranded its custody arm, now called Ceffu, which launched in Singapore in November 2022.

Hodlnaut founders propose selling the firm instead of liquidation

[Mar 1, 2023 5:11 AM] Despite Hodlnaut creditors insisting on the firm’s liquidation, the founders keep trying to save the business and sell it to potential investors.

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

[Feb 18, 2023 11:30 PM] On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will…

DBS Bank to offer cryptocurrency trading in Hong Kong

[Feb 13, 2023 7:29 AM] As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory.

3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

[Feb 8, 2023 1:15 PM] According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder's online activity and attempts to raise funds for GTX.

3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

[Feb 8, 2023 12:30 PM] According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via…

South Korean officials traveled to Serbia to find Do Kwon

[Feb 8, 2023 12:01 AM] South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back.

London Crowned World’s Leading Cryptocurrency Hub, According to Study

[Feb 1, 2023 7:00 PM] According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the…

Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance

[Jan 23, 2023 9:00 PM] Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that…

Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation

[Jan 20, 2023 5:30 AM] A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation…

Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

[Jan 18, 2023 8:14 PM] Ripple CEO Brad Garlinghouse said the firm's XRP lawsuit could come to an end within "single-digit months."

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

[Jan 17, 2023 10:30 PM] On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing…

Troubled crypto lender Vauld gets extended creditor protection

[Jan 17, 2023 3:52 AM] The company claims that the negotiations with potential crisis managers entered the “advanced stage.”

Forbes Gives Alchemy Pay Web3 Innovation Pioneer Award

[Jan 13, 2023 6:00 AM] PRESS RELEASE. Singapore, 12 January 2023: Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi, have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The…

Hodlnaut creditors reject the restructuring plan, prefer liquidation

[Jan 13, 2023 5:08 AM] Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.

Three Arrows Capital founders subpoenaed on Twitter

[Jan 5, 2023 10:37 AM] 3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control, regardless of whether the information is held by them directly, or is in control of a third-party.

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

[Jan 2, 2023 9:30 AM] Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered…

Amber Group raises $300M to recover from FTX contagion

[Dec 16, 2022 3:59 AM] The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default.

Crypto hotspots continue to thrive despite FTX collapse

[Dec 13, 2022 9:39 AM] Crypto-friendly cities throughout the world report growth and innovation despite recent events.

Amber Group ditches expansion plans after denying insolvency: Report

[Dec 9, 2022 8:30 AM] Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January.

Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

[Dec 2, 2022 11:44 AM] In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm's founders "repeatedly fail to engage" with liquidators, but weren't shy about talking to the media.

Thai VC fund acquires troubled exchange Zipmex for $100M: Report

[Dec 2, 2022 6:37 AM] Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023.

Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says

[Nov 30, 2022 8:03 AM] Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses.

FTX collapse put the Singapore government in a parliamentary hot seat

[Nov 28, 2022 3:20 AM] The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors.

Crypto lender Matrixport seeks $100M funding despite lending crisis

[Nov 25, 2022 4:31 AM] Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.

Crypto lender Hodlnaut reportedly faces police investigation in Singapore

[Nov 24, 2022 4:47 AM] Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million.

Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

[Nov 22, 2022 3:40 PM] The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators.

Singapore police warn investors against FTX phishing scams: Report

[Nov 19, 2022 11:00 AM] FTX has an estimated $8 billion hole in its balance sheet. Investors desperate to get their money back are being targeted by phishing scams.

Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX

[Nov 17, 2022 11:00 PM] Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been…

No red flags at FTX despite 8 months of 'extensive due diligence' — Temasek

[Nov 16, 2022 11:59 PM] Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse.