City Singapore Financial News
19.09 / 05:27
business
Law
Terra Luna
NOT
Terra co-founder Do Kwon says he’s not ‘on the run’
Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state.
19.09 / 00:43
FIVE
Cooper
Luna
LUNA investors may be panicking right now thanks to this Do Kwon update
According to a report, an arrest warrant has been issued by a court in South Korea against the founder of Terraform Labs, Do Kwon, and five others. The report in question went on to say that the allegations against Do Kwon include violations of the country’s capital markets laws, among others.
15.09 / 21:01
Blockchain
regulation
Terra Usd
Terra Luna
South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports
According to local news outlet gynews.kr, the Seoul Southern District Prosecutors' Office's Joint Financial Securities Crime Investigation Team says it will be contacting the country's Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean arrest warrant issued the day prior into an international arrest warrant.
15.09 / 19:19
cryptocurrency
cryptocurrency market
South Korea seeks to arrest developer of failed cryptocurrency Luna
A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world.
15.09 / 11:35
FIVE
HANS
Terra
South Korean Authorities to Void Do Kwon’s Passport and Expedite Deportation
South Korean prosecutors have intensified their efforts to capture Do Kwon, the co-founder and CEO of Terraform Labs – with the Ministry of Foreign Affairs ready to step in to void his passport.
14.09 / 12:55
Digital
CEO
Southern
Luna
[Updated] South Korean Prosecutors Issue Do Kwon Arrest Warrant
South Korean prosecutors have issued an arrest warrant for Do Kwon (real named Kwon Do-hyeong), the co-founder and CEO of Terraform Labs – the firm behind the Terra ecosystem coins LUNA and LUNC. [Updated at UTC 09:03]
14.09 / 01:30
business
Blockchain
restrictions
Filecoin service provider announces move to Singapore in light of tightening restrictions in China
RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore.
12.09 / 21:55
Provident
Digital
CEO
Platform
DBS Bank joins hands with The Sandbox to enter the Metaverse
Singapore-based DBS Bank, Southeast Asia’s largest bank, has entered into a partnership with The Sandbox – A blockchain-based gaming world. In doing so, it has now announced its venture into the Metaverse.
12.09 / 15:13
Twitter
Maxim
Platform
Arrow
Algorand reveals $35M hole in balance sheet owing to exposure to Hodlnaut
The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis.
12.09 / 14:09
UPS
Digital
digital assets
Singapore's Whampoa Group To Invest $100 Million Via Fund For Digital Assets
Cryptocurrencies are the most widely known digital assets.
09.09 / 01:13
Blockchain
Ethereum
proof-of-work
Proof-of-stake
Everyone’s talking about the Ethereum Merge: New report reveals the most interested countries
A new report released from CoinGecko uncovered the places around the world most interested in the upcoming Ethereum Merge.
02.09 / 18:54
31.08 / 14:47
business
Bithumb
Singapore court rules in favor of Bithumb founder in acquisition case
The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him.
31.08 / 08:47
Ethereum
ethereum price today
avalanche
Bitcoin
Crypto Price Today Live: Bitcoin tops $20,000; Avalanche & Ethereum gain 6% each
Bitcoin reclaiming the $20,000 mark, its major support and psychological level. Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve's rate-hike path, Reuters reported. Fed Chair Jerome Powell's speech at the Jackson Hole conference spooked the traders across the world of all riskier asset classes. Despite the recovery, the total market cap of the crypto space remained below the $1 trillion mark. The global cryptocurrency market cap was trading higher at the $980.62 billion mark, rising more than 3 per cent in the last 24 hours. However, the total trading volume dropped about 20 per cent to $64.88 billion.
30.08 / 14:45
business
Investments
Bitcoin
Singapore state investor leads $100M round for crypto firm Animoca: Report
The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.
30.08 / 12:31
regulation
Bitcoin
Withdrawals
Hodlnaut now placed under creditor protection after freezing withdrawals
Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.
30.08 / 07:59
cryptocurrency
Digital
Cooper
Singapore Might Restrict Retail Access To Cryptocurrencies: Central Bank
These measures are meant to reduce consumer risk while trading in such volatile assets.
30.08 / 07:27
business
Blockchain
'Most of crypto is still junk' and lacks use case — JPMorgan blockchain head
The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves.
29.08 / 21:03
Blockchain
Digital
Gemini
Huobi
Singapore mulls tightening rules around crypto-trading by retail investors
Singapore is planning to introduce new regulations that will tighten the trade of cryptocurrencies by retail investors, according to one of the country’s leading regulatory officials. The step is being taken to safeguard the interest of investors, given the fact that they remain “irrationally oblivious” about the risks associated with the market.
29.08 / 17:55
business
Law
Court
Where in the world are the 3AC founders? Speculations abound
The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm's Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail.
29.08 / 17:39
Blockchain
UPS
Singapore’s Central Bank Slams Crypto Trading, Talks Up Digital-Asset Opportunities
Singapore’s top financial regulator said cryptocurrencies are “highly hazardous” to many investors, but made clear the city-state still wants to develop and actively promote a digital-asset ecosystem.
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