Singapore Financial News
16.06 / 19:49
NFT
Three Arrows Capital
DappRadar
Three Arrows Capital's NFTs fetch $10.9 mln at Sotheby's
Three Arrows Capital sold for $10.9 million at Sotheby's in New York on Thursday, the auction house said. Three Arrows Capital, which filed for U.S. bankruptcy a year ago, spent $15.5 million worth of cryptocurrency on the 37 NFTs in a series of purchases in July and August 2021, data from blockchain tracker DappRadar showed. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item such as an image, video or piece of text. The most expensive item «Ringers #879 (The Goose)» is part of a series of 1,000 computer-generated abstract images by Canadian artist Dmitri Cherniak.
16.06 / 16:11
NFT
NFTS
Non-fungible tokens
Three Arrows Capital
3AC
Sotheby's
NFT Artwork Seized From Three Arrows Capital Fetches $10.9 Million in Sotheby's Auction
Recent information disclosed by Sotheby's auction house reveals that the digital collectibles owned by Three Arrows Capital (3AC) were sold for a total of $10.9 million in a New York auction held on June 15.
16.06 / 15:13
Twitter
Extreme
Coindesk
3AC
Three Arrows Capital Liquidators Request Contempt Sanctions for Co-Founder Kyle Davies – What's Going On?
Amid the ongoing legal proceedings surrounding the collapse of Singaporean crypto hedge fund Three Arrows Capital (3AC), the co-founder Kyle Davies is facing potential contempt of court charges.
16.06 / 10:27
Terra
Luna
UST
Extradition
Terra Luna Founder Do Kwon to Stay in Custody Amid South Korea's Extradition Request
Do Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro's courts consider an extradition request from South Korea.
16.06 / 06:51
International
open
LGIM to open Singapore office as international push continues
Legal and General Investment Management will open an office in Singapore later this year as part of a continued push by the UK's largest asset manager to grow its international footprint.
16.06 / 02:29
business
hedge fund
3AC liquidators file motion to hold Kyle Davies in contempt
Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June 14 court filings from 3AC's creditor council show. According to 3AC's creditor counsel, Davies is purposely delaying asset recovery from the former crypto hedge fund.
16.06 / 02:00
business
Blockchain
Technology
Investments
Haru Invest files criminal complaint against consignment operator
B&S Holdings, formerly known as Aventus, a consignment operator, has been alleged by South Korean yield platform Haru Invest of submitting fraudulent management reports containing “false information” and deceiving the company and its users.
12.06 / 20:31
CBDC
Adoption
retail
retail CBDC
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.
12.06 / 16:43
markets
Binance
SEC
Tether
Asia
Bitcoin
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.
12.06 / 06:59
Ethereum
Digital
Platform
Software
Enterprise
Enjin Launches NFT-Focused Blockchain, Migrates Native Token and Merges Efinity Token
Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain. The innovative new blockchain, dedicated to NFTs, is built on the open-source Substrate framework, distinguishing it from others by integrating NFT-related transactions directly into its foundational code, rather than relying on smart contracts.
11.06 / 09:29
Three Arrows Capital
Bali
Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms
The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.
09.06 / 16:33
business
Blockchain
exchanges
Mainstream
Bitcoin
Crypto.com suspends US institutional exchange service
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.
09.06 / 05:17
UPS
Manufacturing
UBS
NVIDIA
Micron
China can't rely on Southeast Asian exports to offset a U.S. slowdown
BEIJING — China can't easily rely on its neighbors as export markets in a global slowdown, the latest trade data show.
08.06 / 19:53
Binance
SEC
Binance.us
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.
08.06 / 08:47
COST
Target
Standard
Standard Chartered cutting roles across London, Hong Kong, Singapore
Around a hundred jobs are set to go at Standard Chartered as part of a wider plan to trim some $1bn in costs, including a few London-based managing director roles.
08.06 / 01:07
07.06 / 20:35
Stablecoin
Payments
regulation
Circle
Circle is latest recipient of Major Payment Institution license in Singapore
Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.
07.06 / 15:55
Ethereum
Stablecoin
SEC
coinbase
Legal
Drop
US court
Coinbase stock
licence
Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
06.06 / 21:06
stocks
Derivatives
Trade
Crypto Exchange
Will
Hong Kong launches retail-friendly rules for crypto exchanges
The Chinese finance hub is racing regulators around the world to lay down ground rules for crypto after high-profile failures like trading platform FTX, which led the United States to crack down on a sector worth more than $1 trillion. China has had a strict crypto ban since 2021, but in Hong Kong — which operates on a separate legal framework — trading has been allowed though unregulated, meaning individual investors resort to unlicensed platforms. The regulatory regime launched Thursday means that after a one-year transition period, all crypto exchanges in Hong Kong must be licensed, and will be able to take on retail clients.
06.06 / 19:39
JPMorgan
JPMorgan to use blockchain to settle US dollar forex trades in India hub
JPMorgan Chase & Co. has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub. “We will be running a pilot project for the next few months as we need to analyze banks’ experience,” Kaustubh Kulkarni, senior country officer, India and vice chairman, Asia Pacific at JPMorgan, said in an interview.
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