Singapore Financial News
01.03 / 19:33
01.03 / 14:15
business
lending
FTX
Bitcoin
Hodlnaut founders propose selling the firm instead of liquidation
The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.
28.02 / 14:51
UPS
NFT
CEO
Platform
Three Arrows Capital NFTs are About to be Sold Off by the Liquidator
Some of the non-fungible tokens (NFTs) once held by bankrupt Singaporean crypto hedge fund Three Arrows Capital (3AC) will be put up for sale as part of efforts to retrieve funds for its creditors, according to the failed company’s liquidators.
27.02 / 12:23
business
Payments
regulation
Crypto gateway Alchemy Pay scores license in Indonesia
Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.
26.02 / 13:21
FTX
Crypto Exchange
Backed
Indonesia Targets Mid-2023 for its State-Backed Crypto Exchange
Indonesia aims to launch its much-anticipated state-backed crypto exchange by mid-2023, according to the country's Commodity Futures Trading Regulatory Agency (Bappebti), which currently oversees digital assets.
25.02 / 00:37
Government
Law
regulation
Web3
us government
Bitcoin Regulation
Change lies ahead for haphazard crypto regulation
The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national boundaries. On the ground, however, as crypto has become a more significant player in the financial system, nations have begun to consider issues of sovereignty and regulation. While many countries have so far remained open to crypto, others have restricted its use or outright banned it. The same reason that some have advocated for crypto and blockchain technology — as a means of revolutionizing the international financial system — has alarmed plenty of world leaders.
24.02 / 16:37
Ethereum
NFTs worth millions to be sold by 3AC liquidator, details inside
Teneo, the court-appointed restructuring firm to liquidate Three Arrows Capital (3AC), has revealed its plans to sell off a considerable portion of the defunct crypto hedge fund’s Non-fungible Token [NFT] collection. The court appointed the Singapore-based liquidator in 2022 after 3AC collapsed. Notably, the collapse of the firm resulted in hundreds of creditors, who were seeking a collective $3.5 billion.
24.02 / 03:59
23.02 / 04:09
UPS
Platform
Bitcoin
MEXC
Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
23.02 / 03:03
UPS
Provident
Digital
Platform
BIS chief floats unified programmable ledger to turbocharge payments innovation
"But," Carstens says in a speech at the Monetary Authority of Singapore, "to fully realise the transformative potential of these new financial technologies, we need some way to bring them all together."This is where the unified ledger comes in, offering the potential to combine the monetary system with other registries of real and financial claims. Such a ledger would be a public-private partnership with a clear division of roles, and where the central bank is tasked with underpinning the trust in money."Like smartphone platforms, a unified ledger allows various components to work seamlessly together.
23.02 / 00:49
Blockchain
CBDC
Ledger
BIS
Financial
BIS head describes ideal ‘unified ledger’ for central banks and other financial users
General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best suit central bankers’ needs. He called that infrastructure a “unified ledger.”
21.02 / 21:29
business
Blockchain
Technology
Deutsche Bank
investment platform
Deutsche Bank completes trial of tokenized investment platform
According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace.
21.02 / 19:07
Stablecoin
Binance
ETF
Tesla
DApp
Bitcoin
stocks and bonds
Today in Crypto: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________
21.02 / 12:47
Blockchain
CBDC
Adoption
Reserve Bank of India
Indian Government
National
network
India expands national payment network to Singapore: What’s in it for crypto?
India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage.
20.02 / 23:17
Binance
regulation
SEC
security
Kraken
Paxos
The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20
New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar-pegged stablecoin. Paxos received a cease order from the New York Department of Financial Services (NYDFS).
20.02 / 10:25
Blockchain
Ethereum
Digital
Platform
Dreams
Support
NvirWorld Continuing CSR Efforts, Launches 'BLUE ROSE' Donation Campaign to Support Developmental Disabilities and Turkey-Syria Earthquakes
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
19.02 / 06:59
Bitcoin news
Federal Reserve
Bitcoin
Bitcoin Price
Bitcoin drops more than 4% on hawkish Fed rhetoric, US clampdown
Bitcoin fell the most in about a week as hawkish rhetoric from Federal Reserve officials and further signs of an aggressive US regulatory clampdown spread caution. The largest digital token slid as much as 4.2% and was trading below $24,000 as of 7:55 a.m.
17.02 / 17:41
SEC
Terra
Luna
TerraUSD Stablecoin Scandal: SEC Sues Terraform Labs and Do Kwon for Deceiving Investors – Here's What Happened
The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud.
17.02 / 12:27
Digital
SEC
Luna
SEC says TerraUSD founder Do Kwon misled investors
WASHINGTON—The founder of failed cryptocurrencies TerraUSD and Luna and his company misled US investors who purchased billions of dollars of the digital assets, the Securities and Exchange Commission said on 16 February.
15.02 / 23:39
business
Blockchain
Withdrawals
Zipmex says it may resume 100% of Z wallet withdrawals subject to conditions
According to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all firm's eligible creditors through its scheme manager KordaMentha. As told by Zipmex, the creditors have until Feb. 21, 2023 to vote on the scheme and "will receive 100% of their digital assets in the Z Wallet" if the scheme is approved and the cryptocurrency closes its pending investment deal.
15.02 / 02:01
business
Government
Law
SEC
Gold
Dollar
Binance CEO: crypto industry will probably move to non-dollar stablecoins
The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”
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