Singapore Financial News

14.11 / 11:51

cryptocurrency Crypto.com Executive NOT Balance Sheet Strong, Exchange Not In Trouble: Crypto.com Chief Executive

An audited proof of reserves report will be published within weeks, the CEO said.

14.11 / 10:53

YouTube Crypto Exchange Withdrawals Crypto.com's CEO To Answer Questions On Youtube After Transaction Errors Lead To Fund Withdrawals

Kris Marszalek said the exchange had mistakenly sent 320,000 ether to Gate.io.

11.11 / 14:51

Adoption Federal Reserve New York Fed collaborates with Singapore MAS to explore CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments.

10.11 / 13:17

business Binance regulation coinbase Unclear regulations drove 95% of trading activity offshore: Coinbase CEO

Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis.

10.11 / 06:31

cryptocurrency Binance FTX Bitcoin Crypto markets face ‘cascade’ of margin calls from FTX crisis, says JPMorgan team

Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists.

09.11 / 21:49

business Binance Investments Singapore's Temasek engages with FTX in liquidity crisis

Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8.

09.11 / 11:59

global economy Warning China Producer Prices Turn Negative in Warning Sign for Global Economy

SINGAPORE—Prices charged by Chinese companies at the factory gate recorded their first annual fall in almost two years, another downbeat signal for the global economy as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods.

08.11 / 11:11

Dogecoin Twitter elon Meme cryptocurrency, Shiba Inu, meme coin: Elon Musk's Twitter Buyout Gives Wings To Dogecoin's Price

Elon Musk has played a big role in the rise of dogecoin since its lighthearted launch.(File)

08.11 / 09:59

cryptocurrency World News Cryptoverse elon Cryptoverse: Elon Musk frees the bird and the dog coin flies

It's no joke. Elon Musk's acquisition of Twitter has put fresh wind in the sails of dogecoin, the meme cryptocurrency he catapulted to fame.

07.11 / 19:55

Ethereum SEC Lightning Network Bitcoin Crypto News Summary: UK Santander to Block Payments to Exchanges, BTC 50K Silk Road Guilty Plea, Ledger Live & Solana Mobile Stack Integration

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

07.11 / 16:35

Blockchain Digital JPMorgan Pool defi protocols Cross-border BIS and three central banks to test cross-border CBDCs using DeFi protocols

The new project, dubbed Mariana, explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. With a primary focus on the ability to settle foreign exchange trades, the project involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres together with the Bank of France, Monetary Authority of Singapore and Swiss National Bank.

07.11 / 12:23

Drop global economy China’s Exports Drop Sharply as Global Economy Slows

SINGAPORE—China’s exports to the rest of the world shrank unexpectedly in October, a big sign that global trade is in sharp retreat as consumers and businesses cut back spending in response to central banks’ aggressive moves to tame inflation.

05.11 / 00:57

CBDC Adoption Federal Reserve settlement wholesale FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research

The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.” Its prototype wCBDC, intended for use by financial institutions rather than the public, was able to implement transactions dramatically faster and more securely than the current standard.

04.11 / 23:39

defi Hackers regulation JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

04.11 / 19:19

Stablecoin Cardano Bitcoin Crypto News Summary: NEAR Wallet Users Jump from 2M to 20M, IRS Preparing 'Hundreds' of Crypto Cases, Top 10 Whitehats Made $42M

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

04.11 / 13:05

Blockchain Ethereum BLOCK Digital Singapore Fintech Festival 2022: Ethereum’s Vitalik Buterin on the success of The Merge

The switch from Proof of Work to Proof of Stake was slated as the event of the century for the cryptocurrency community and in just over a month since The Merge, has already resulted in massive transformations to the digital currency landscape in terms of increased scalability and reduced impact on the environment. As Buterin explained, “Proof of Work relies on a bunch of miners that are running computations on specialised hardware that costs millions of dollars 24/7.”

04.11 / 08:43

FIVE Digital Waters Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing

According to Menon, the Covid-19 pandemic, and subsequent lockdowns led to “an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases.” He continued to say that “the digital asset industry will emerge leaner and stronger.”

04.11 / 05:49

business Government Blockchain Terraform Labs South Korean prosecutors accuse Do Kwon of manipulating Terra's price

A local report from South Korea claims that the country's prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC).

03.11 / 20:05

Crypto Exchange Zipmex 'On Track to Sign a Majority Buyout' Following Three Arrows Capital Contagion

The troubled Asian crypto exchange Zipmex is in “advanced talks” with one of its investors about a potential bailout for the company.

03.11 / 17:53

Blockchain Binance Digital Pool Bitcoin Cross-border France, Switzerland and Singapore jointly test cross-border CBDC payments

France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) and decentralised finance (DeFi) protocols, in the first cross-regional test of its kind.

03.11 / 16:05

Provident Digital CEO Platform DBS goes live on SGX unit's crypto platform; launches programmable money pilot

SGX-owned MaxxTrader provides foreign exchange pricing and risk services to over 100 global and regional banks, broker-dealers and hedge funds. It is now moving into crypto with the MaxxDigital offering, which promises the ability to price, trade and distribute any cash or tradable tokenised digital assets.

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