City Singapore Financial News

Zhu Su, the co-founder and CEO of the troubled crypto hedge fund Three Arrows Capital, is reportedly seeking to sell a mansion he owns in Singapore.

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The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.

Crypto exchange Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement.

SINGAPORE & HONG KONG – JUNE 28, 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joint strategic partnership and merger and acquisition with Technicorum Holdings (www.technicorum.com), diving further into the $163 billion annual global blockchain market. The merger company, formerly known as Gravitas International Associates Pte Ltd, a Singapore regulated Payment Services Act exempt company, will be newly renamed as HKD.com (Singapore) Pte Ltd, which will allow both groups to leverage each other's strengths and networks to get more deeply entrenched in the blockchain industry. With regulated payment services globally, a leading centralised exchange app and platform, a regulated token launchpad, expertise from ICO’s to IEO’s, IDO’s, IGO’s, DeFi and NFT’s, as well as recently GameFi, SocialFi, and the Metaverse, this strategic partnership is a great enabler for both HKD.com as well as Technicorum.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Central bank digital currencies (CBDC) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.

Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

South Korean prosecutors have banned an unspecified number of current and/or former Terraform Labs officials, including developers, from leaving the country.

Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

As Coinbase laid off about 18% of its workforce on Tuesday, one senior executive in Singapore spoke of how the cryptocurrency exchange platform cut off access to its systems for affected employees even before they were notified they had lost their jobs.

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Singapore's private securities platform ADDX has said it would give credence to crypto assets

Singapore's private securities platform ADDX has said it would give credence to crypto assets

The total crypto market volume rose 3.49 percent to $84.24 billion over the last 24 hours.

Established in 2019 to support exploratory work into new frontiers in financial technology, the BIS Innovation Hub has centres in Hong Kong, London, Singapore, Stockholm and Switzerland. Another two centres, in Frankfurt/Paris and Toronto, are set to open this year.The hub's projects focus on priority themes such as central bank digital currencies (CBDC), next-generation financial market infrastructures, supervisory and regulatory technology, open finance, cyber security and green finance.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.

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