Singapore Financial News
23.08 / 07:31
crypto news
Crypto Exchange
Crypto exchange Coinstore launches futures credit feature
crypto exchange Coinstore.com has launched a futures credit feature which enables its users to increase their crypto holdings without using their funds. Investors who prefer to buy and hold digital assets for an extended period can leverage the future credit feature to further capitalise on market movements. Futures are commonly associated with commodity trading, however, it is also available for multiple forms of assets including the new age crypto tokens. The futures credit is a digital fund that loans rewards to Coinstore users to help users to understand its perpetual futures trading. The futures credit feature enables each eligible registered user to benefit from participating.
22.08 / 11:07
Chinese Banks Cut Rates to Spur Economic Growth
SINGAPORE—Banks in China cut benchmark interest rates on loans to households and businesses, a small attempt to help revive growth in an economy struggling with a property bust and Beijing’s zero-tolerance to Covid-19.
20.08 / 19:21
Blockchain
Walmart
alt
VeChain (VET) Price Prediction 2025-2030: Can the alt hit $1.75 by 2030?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
20.08 / 06:29
Bitcoin
Top crypto
India among top crypto adopters. Will it alarm govt to expedite regulations?
UNCTAD). As per the report, every fourteenth Indian invested in the new age asset despite the covid-19 pandemic. The report highlighted how the adoption of crypto had increased exponentially during the Covid pandemic globally and especially in emerging economies like India, according to Mohammed Roshan, CEO & Co-founder, GoSats. «The report clearly mentions remittances and the fact that crypto was perceived as a way to protect household savings were the main reasons for the rise in adoption in emerging economies,» said Roshan.
19.08 / 20:25
19.08 / 12:07
Ethereum
regulation
Bitcoin
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances.
19.08 / 11:43
Action
Cryptocurrecny
Hodlnaut
Luna
Crypto Lender Hodlnaut Lays Off Staff, Reveals Police Probe
Hodlnaut is the latest in a string of global crypto players to run into difficulties.
19.08 / 10:13
business
Swyftx
Aussie exchange Swyftx cuts staff by 21% amid bear market
Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market.
18.08 / 16:07
business
Ban
Bitcoin
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Major Chinese cryptocurrency miner manufacturer Canaan appears to have no issues with the local ban on crypto, as the company’s overall performance has continued to grow in 2022.
18.08 / 09:31
business
Payments
Bitcoin Payments
Aussies buy fuel and chips with crypto across 175 fuel outlets
Convenience store and petrol station brand On The Run (OTR) has launched crypto payment support across all 175 of its petrol stations and convenience stores across Victoria, South Australia (SA), and Western Australia (WA) as of Thursday.
18.08 / 09:31
business
Adoption
advertisement
ad
Crypto ad spending may be down, but awareness remains critical: Experts
Crypto television advertising spending has reportedly fallen off a cliff in the United States, reflecting the current state of the markets. However, that’s no excuse to take a break, two crypto firms tell Cointelegraph.
17.08 / 16:03
business
regulation
Terraform Labs
Terra
Lawyers
Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation
Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.
17.08 / 12:47
cryptocurrency
CEO
Platform
Crypto.com
regulatory approval
regulatory
Crypto.com Gets UK Regulatory Approval
Authorities around the world are grappling with how to regulate the crypto sector.
17.08 / 08:11
cryptocurrency
Digital
Google
The Most Curious Nation About Cryptocurrency Is Nigeria: Study
Nigeria showed more interest in cryptocurrencies than any other country.
17.08 / 06:37
business
regulation
Bitcoin
Crypto.com secures UK registration for 'cryptoasset activities’
Digital asset exchange Crypto.com has just been given the green-light for “certain cryptoasset activities” in the United Kingdom, after receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday.
16.08 / 11:47
business
Law
Court
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market.
15.08 / 14:47
business
Court
Bitcoin
Withdrawals
Zipmex gets 3 month protection in Singapore amid halted withdrawals
Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection.
15.08 / 14:09
UPS
Rate Cut
China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut
SINGAPORE—China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore up faltering growth.
14.08 / 15:43
WazirX
Vauld
Crypto Exchange
Bitcoin
ED freezes Rs 370 crore of bank, crypto balances of Bengaluru ‘shell company’
ED) said on Friday it has attached assets worth Rs 370 crore belonging to a Bengaluru-based company linked to the instant loan apps case. The assets were parked in bank accounts, payment gateway balances, and wallets on the Flipvolt crypto exchange. Flipvolt is the Indian arm of Singaporean crypto lender Vauld.
13.08 / 17:11
business
Law
defi
regulation
NOT
Metaverse still not ready for virtual weddings and legal proceedings
As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platforms.
13.08 / 01:13
regulation
Money laundering
Indian
freeze
Indian authorities freeze more crypto funds over money laundering allegations
India’s Directorate of Enforcement (ED) announced Friday that it has frozen the financial accounts of Bengaluru-based financial services company Yellow Tune Technologies, some of which were held by Flipvolt crypto exchange, the Indian branch of Singaporean Vauld. The move is linked to an ongoing investigation into money laundering by China-linked instant loan companies. This is the second time this week the agency has taken action in the crypto sphere in connection with that case.
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