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PortuguêsIn 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. The founders of…
Continue ReadingZipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023. After weeks of negotiations on a potential buyout…
Continue ReadingDespite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses. Singapore government-owned investment firm Temasek has suffered a lot more…
Continue ReadingBITFRONT, the crypto exchange based out of Palo Alto, California, has announced that it will cease all operations towards the end of the year. The exchange was initially launched as BITBOX…
Continue ReadingThe 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…
Continue ReadingBitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in…
Continue ReadingHodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses…
Continue ReadingThe 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. The Monetary…
Continue ReadingThe FTX collapse might prove to be the biggest disaster in the history of cryptocurrency. Since the news of the exchange’s insolvency issue, a lot has happened in the industry.…
Continue ReadingFTX has an estimated $8 billion hole in its balance sheet. Investors desperate to get their money back are being targeted by phishing scams. The Singapore Police Force has warned…
Continue ReadingSingapore 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…
Continue ReadingDespite 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. Singapore‘s state-owned investment firm…
Continue ReadingTemasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January. Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging…
Continue ReadingCryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in…
Continue ReadingOn Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA,…
Continue ReadingThe American multinational investment bank JP Morgan on 2 November completed its first-ever decentralized finance (DeFi) on-blockchain cross-border transaction. It is a part of the Project Guardian initiated by Singapore’s…
Continue ReadingThe Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers…
Continue ReadingFormer Prime Minister of the United Kingdom, Boris Johnson, has now pivoted into the crypto space. Johnson who had pulled out of the race for the prime minister seat has…
Continue ReadingMajor Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. DBS Bank, a major financial services group in Asia, is…
Continue ReadingSingapore-based crypto lender Hodlnaut reportedly lost almost $190 million, as a result of Terra’s collapse earlier this year in May. According to a report published by Bloomberg, the embattled lender…
Continue ReadingThe Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available. The Monetary Authority…
Continue ReadingFrom El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. The first full week under the leadership…
Continue ReadingThe growth and increasing cryptocurrency adoption have brought different reactions in many places. Some are entirely embracing the industry and its numerous opportunities with innovative ideas. But some are retracing…
Continue ReadingThe Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. The Monetary Exchange of Singapore (MAS), the country’s central bank and financial…
Continue ReadingThe lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.”…
Continue ReadingThe government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers…
Continue ReadingThe plans to add crypto to credit cards impressed the community. With such additions, users can access credit facilities in crypto for payments or other activities. A credit card is…
Continue ReadingFinancial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins,…
Continue ReadingWe’re so early, sure, but Singapore and Hong Kong’s high-net-worth individuals seem to be advancing at a faster pace. That’s according to “Investing in Digital Assets – Family office and…
Continue ReadingCrypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. The Monetary Authority of Singapore (MAS) is introducing proposals…
Continue ReadingA recent survey from KPMG suggests that over 90% of family offices and high-net-worth individuals (HNWI) are either interested in investing in the digital assets field or have already done…
Continue ReadingDespite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings. Hong Kong and Singapore’s wealthy…
Continue ReadingThe UST Restitution Group is on Do Kwon’s tail. A few governments and this civilian group are all out looking for the Terra creator, who insists that he’s not on…
Continue ReadingA special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its…
Continue ReadingLaw enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said. The International Criminal Police Organization is reportedly planning to…
Continue ReadingCryptocurrency exchange Blockchain.com has recently been granted preliminary approval from Singapore to provide crypto services in the Southeast Asian city-state. The exchange plans to grow its Singapore office and expand…
Continue ReadingSingapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island…
Continue ReadingCoinbase is now in a good position to help cryptocurrencies have a little breathing room in Singapore where the government is maintaining a hard stance on the asset class. Following…
Continue ReadingThe country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it’s also working with local industry groups to improve regulations. The…
Continue ReadingThere’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica. Anchorage Digital co-founder and president Diogo Mónica has…
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