Singapore Financial News

19.01 / 05:31

business Blockchain Ripple SEC Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

Ripple CEO Brad Garlinghouse expects the firm’s long-running dispute with the Securities Exchange Commission (SEC) will be finalized within “single-digit months” and remains confident in securing a favorable outcome.

18.01 / 13:33

COST Lowe's China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite

SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses, emphasizing the high cost of zero-tolerance Covid-19 policies that Beijing abruptly abandoned at the end of 2022.

18.01 / 00:31

business Adoption regulation privacy WEF panel discusses the coming tokenized economy

In a wide-ranging discussion, a panel of blockchain industry personalities at the World Economic Forum (WEF) concluded that the economy will become increasingly tokenized in the future. Carbon credits, housing, electricity, government bonds, forex, and other real-world assets will be traded on the blockchain, according to the panel.

17.01 / 20:25

SEC Legal Today in Crypto: Digital Yuan Used to Buy Securities, Monex Group Interested in FTX Japan, Bitget Launches Copy Trading in Spot Market

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

17.01 / 13:05

business regulation lending Troubled crypto lender Vauld gets extended creditor protection

Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.

17.01 / 05:37

COST Lowe's China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite

13.01 / 14:11

Blockchain defi creditors Restructuring Plan Hodlnaut creditors reject the restructuring plan, prefer liquidation

The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan and are seeking liquidation of the platform’s assets.

13.01 / 09:01

Crypto.com Jobs Cryptocurrency Exchange Crypto.com To Cut Workforce By 20%

Crypto.com said it had decided to reduce global workforce by approximately 20%. (File)

12.01 / 15:37

UPS restrictions fall China Inflation Picks Up as Covid-19 Restrictions Fall

SINGAPORE—Inflation in China picked up in December and is expected to accelerate further in the months ahead as the economy revs up following Beijing’s abrupt dismantling of its zero-tolerance measures to contain Covid-19.

11.01 / 15:15

FTX Fried Sam Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.

11.01 / 01:31

Blockchain Digital regulation privacy rights Blockchain privacy groups urge new US Congresspeople to protect privacy rights

Fight for the Future, a digital rights advocacy group, has posted an open letter on its website encouraging the new class of United States congresspeople to protect privacy. The letter has attracted dozens of companies and organizations as cosigners.

09.01 / 14:29

cryptocurrency Adoption Financial Hong Kong’s Financial Secretary Doubles Down on Crypto Hub Positioning Despite Crypto Winter

Paul Chan, Hong Kong's Financial Secretary, said that, despite the ongoing market downturn, the city would continue to work toward becoming a major crypto hub, attracting businesses from across the world.

06.01 / 16:59

Blockchain regulation Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens

A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens.

05.01 / 20:13

business Blockchain Twitter Three Arrows Capital founders subpoenaed on Twitter

Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo.

05.01 / 00:11

business Blockchain Technology Cake DeFi reserves Cake DeFi publishes Merkle tree-based Proof of Reserves

Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, has announced the release of its Proof of Reserves using the cryptographically-audited Merkle tree method.

04.01 / 21:47

business Blockchain Adoption network MEXC Support MEXC launches $20M ecosystem fund to support Sei Network

According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network's stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:

04.01 / 13:55

Legal Crypto Exchange Jail South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss

South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years.

04.01 / 03:59

business Government Blockchain Ripple regulatory Ripple CEO optimistic about US 'regulatory clarity for crypto'

Ripple's CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he's “cautiously optimistic” about the United States gaining "breakthrough" regulatory clarity for the cryptocurrency industry in 2023.

03.01 / 11:41

business regulation Fraud Terra Luna Lee Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court.

27.12 / 22:35

business Blockchain regulation Department Exploit U.S. Department of Justice probing $372M FTX exploit - Report

According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On Nov. 12, amidst bankruptcy and internal collapse, FTX warned customers of abnormal wallet activity regarding at least 228,523 Ether (ETH) transferred out of the exchange from an unknown perpetrator.

27.12 / 14:33

Legal Investment Nexo Vauld NOT 'Nexo Has Not Given Up On Its Attempt to Save Vauld' – This is What Happened

There is no deal (yet) in the acquisition talks between crypto lender Nexo and its rival Vauld, while the latter has less than a month to present a restructuring plan to creditors. That said, there is contradicting information coming from the two sides.

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