Singapore Financial News

12.09 / 21:55

Provident Digital CEO Platform DBS Bank joins hands with The Sandbox to enter the Metaverse

Singapore-based DBS Bank, Southeast Asia’s largest bank, has entered into a partnership with The Sandbox – A blockchain-based gaming world. In doing so, it has now announced its venture into the Metaverse.

12.09 / 21:55

Blockchain Digital AXY Infinity Metaverse, Web3 games are doing better than you think

Web3-based games and Metaverse projects have raised $748 million since August 1, 2022, according to research by DappRadar. In August, 847,000 Unique Active Wallets (UAW) per day on average participated in blockchain games – An 11% decrease from July.

12.09 / 15:13

Twitter Maxim Platform Arrow Algorand reveals $35M hole in balance sheet owing to exposure to Hodlnaut

The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis.

12.09 / 14:09

UPS Digital digital assets Singapore's Whampoa Group To Invest $100 Million Via Fund For Digital Assets

Cryptocurrencies are the most widely known digital assets.

12.09 / 05:19

Blockchain Maxim Waters Platform Luna Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

The Algorand Foundation has revealed a $35 million USDC hole in its balance sheet as a result of exposure to embattled cryptocurrency lending firm Hodlnaut, which has paused withdraws since Aug. 8.

10.09 / 14:49

Bitcoin Price Bitcoin leaps above $21,000 as U.S. dollar sags

U.S. dollar fell broadly and markets found reasons to be cheerful at the end of a dour week. Bitcoin, the biggest cryptocurrency by market value, rose more than 9% to $21,254, a two-week high. If it holds, the daily percentage gain would be the largest since late February. Ether, the second-biggest, rose more than 5% to hit a three-week peak at $1,746. Bitcoin had been as low as $18,540 on Wednesday. Market participants said there was no particular trigger for the gains beyond a broad upbeat mood in evidence across asset classes on Friday, led by a drop in the safe-haven dollar and reinforced by positive moves in global shares.

10.09 / 02:01

regulation regulatory approval regulatory Dubai grants regulatory approval for Blockchain.com office: Report

Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.

09.09 / 17:43

Blockchain UPS Enterprise Time Exploring the world of cryptocurrency taxations one country at a time

There is no denying that the popularity of crypto has been on the rise for quite some time now. New use cases are being developed for enterprises and retail clients alike. This growing popularity however, has its fair share of cons.

09.09 / 01:13

Blockchain Ethereum proof-of-work Proof-of-stake Everyone’s talking about the Ethereum Merge: New report reveals the most interested countries

A new report released from CoinGecko uncovered the places around the world most interested in the upcoming Ethereum Merge.

08.09 / 20:19

Strategy China’s Lending Strategy in Emerging Markets Risks Prolonging Borrowers’ Pain

SINGAPORE—Burdened with a growing pile of souring loans to the developing world the past few years, Chinese lenders have been rescheduling payments and offering more credit to borrowers in financial straits.

08.09 / 16:41

business Blockchain Investments Gaming Animoca confirms $110M round led by Temasek, plans new acquisitions

Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek.

07.09 / 22:21

Provident Digital SEC CEO Zipmex stands in a fix as Thailand’s SEC pulls exchange in legal battle

Thailand’s Securities and Exchange Commission (SEC) filed a police complaint against cryptocurrency exchange Zipmex. The complaint was filed after the exchange failed to deliver information related to transactions.

07.09 / 20:37

Law regulation SEC compliance Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.

07.09 / 11:55

Twitter SEC Platform Action Brazil bars this crypto exchange from brokering securities

Brazil’s Comissão de Valores Mobiliários (CVM) or Securities and Exchange Commission (SEC) has barred crypto exchange Bybit from brokering securities. Brazil’s SEC also published a declaratory act for the same.

06.09 / 12:57

CBDC Adoption Asia Military Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution

Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds.

02.09 / 18:54

Stablecoin Adoption Bitcoin Digital Assets Could Become ‘Permanent Feature’ of Finance, Singapore Central Banker Argues

02.09 / 16:49

Southern How midnight forex trading in Singapore led to a London hedge fund founder’s arrest in Spain

Hedge fund Glen Point Capital was thrown into the headlines this week when its co-founder and co-chief investment officer Neil Phillips was arrested in Spain over a string of charges relating to wire fraud, commodities and foreign exchange manipulation.

31.08 / 14:47

business Bithumb Singapore court rules in favor of Bithumb founder in acquisition case

The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him.

31.08 / 08:47

Ethereum ethereum price today avalanche Bitcoin Crypto Price Today Live: Bitcoin tops $20,000; Avalanche & Ethereum gain 6% each

Bitcoin reclaiming the $20,000 mark, its major support and psychological level. Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve's rate-hike path, Reuters reported. Fed Chair Jerome Powell's speech at the Jackson Hole conference spooked the traders across the world of all riskier asset classes. Despite the recovery, the total market cap of the crypto space remained below the $1 trillion mark. The global cryptocurrency market cap was trading higher at the $980.62 billion mark, rising more than 3 per cent in the last 24 hours. However, the total trading volume dropped about 20 per cent to $64.88 billion.

30.08 / 22:03

business Blockchain Crypto.com accidentally transfered $10.5M to client instead of $100 refund

According to local news outlet 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari, received an AUD$10.5 million deposit from Singaporean crypto exchange Crypto.com after the latter made an error in issuing an AUD$100 refund. Instead of the refund amount, an employee allegedly typed an account number in the payment section, resulting in an erroneous transfer to their bank account.

30.08 / 14:45

business Investments Bitcoin Singapore state investor leads $100M round for crypto firm Animoca: Report

The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.

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