Bitcoin Miner Bitdeer Stock Slumps Nearly 30% at Trading Debut
[Apr 14, 2023 7:45 AM] The Singapore firm is one of the largest bitcoin miners in the world with 16.2 EH/s of hashrate.
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Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal
[Apr 13, 2023 1:30 AM] According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining…
Singapore to introduce uniform screening standards for crypto bank accounts
[Apr 6, 2023 1:51 AM] Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
[Apr 6, 2023 12:43 AM] Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
[Apr 3, 2023 2:30 AM] The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this…
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court
[Mar 30, 2023 9:35 AM]
Circle prefers reserves and payment rails with the Fed, says exec
[Mar 29, 2023 4:25 AM] Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.
Singaporean women ‘outperforming’ men in crypto trades, survey reveals
[Mar 28, 2023 5:00 PM] The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto.
Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro
[Mar 26, 2023 12:30 PM] According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being…
Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.
Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities
[Mar 6, 2023 5:07 AM] Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.
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
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
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.