Singapore Financial News

18.07 / 05:17

Celsius network Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing «extreme» market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In the filing at the U.S. Bankruptcy Court for Southern District of New York on Thursday, Celsius also said it had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month.

17.07 / 07:25

cryptocurrency crypto news crypto firms These Crypto Firms Have Run Into Hardships And Trouble After Meltdown

List of crypto firms that have run into hardships

15.07 / 13:35

regulation Exchange Legal Terra Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal

South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.”

15.07 / 12:39

Reuters Digital Platform Southern network $1.19B Deficit Hole Listed on Balance Sheet: Celsius Network

A $1.19 billion deficit was listed on Celsius Network's balance sheet in a court filing on Thursday.

15.07 / 11:21

cryptocurrency Digital Southern Crypto Lender Celsius Reveals $1.19 Billion Hole In Bankruptcy Filing

New Jersey-based Celsius froze withdrawals last month.

15.07 / 06:49

Ethereum BNB Polygon UniFarm collaborates with Router to transfer tokens across multiple chains

Unifarm has collaborated with Singapore-based Router Protocol to enable seamless transfer of tokens across multiple chains. Unifarm has a grant from Router Protocol to use their SDK to build ‘Setu’ that comes as a part of a larger round with participation from various blockchain funds and investors. UniFarm will utilize Router’s SDK for building ‘Setu’ and secures a grant from Router Protocol to drive mass adoption of products and services available on web3.

14.07 / 22:45

Law regulation International Financial UK financial watchdog exec hints at importance of international collaboration on crypto regulation

The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies.

14.07 / 17:31

COST China Set to Post the Slowest Growth in Two Years on Zero-Covid Policy

SINGAPORE—China is expected to record its weakest growth rate in more than two years, a measure of the costs imposed on the world’s second-largest economy by Beijing’s zero-tolerance approach to Covid.

14.07 / 13:53

Adoption regulation Bitcoin Financial South African exchanges welcome the new 'crypto is financial asset' ruling

South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country.

13.07 / 13:29

Digital Platform Arrow Bitcoin Luna BlockFi Stops Accepting GBTC as Collateral

BlockFi, a major crypto lending firm based in New Jersey, has reversed its earlier decision, and now stop accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans.

13.07 / 12:37

Lowe's Boeing Bitcoin Financial Crypto needs regulation — technology can't remove all financial risks, BOE's Cunliffe says

Regulators need to «get on with the job» of bringing the use of crypto technologies within the «regulatory perimeter,» says Jon Cunliffe, Bank of England's deputy governor for financial stability.

13.07 / 06:09

business regulation Court Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.

13.07 / 05:09

UPS Citi CEO Chinese companies are going global as growth slows at home

BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.

12.07 / 21:39

Ethereum defi Liquidity Returns 3AC co-founder returns to Twitter, blames liquidators for "baiting"

Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter after nearly a month of inactivity. In another cryptic tweet, he blamed liquidators for baiting them with respect to StarkWare tokens.

12.07 / 20:25

Law regulation Bank of England BoE official compares current crypto market regulation to 'unsafe aeroplanes'

Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto to address risks amid the recent market downturn.

12.07 / 15:03

Crime Legal Three Arrows Capital Three Arrows Founders 'Received Threats of Physical Violence' - Su Zhu Breaks Silence

Founders of troubled major crypto hedge fund Three Arrows Capital (3AC) and their families "have received threats of physical violence," according to seemingly a screenshot of an email, shared by Su Zhu, the co-founder of the fund, today.

12.07 / 12:21

UPS Aviat Align reports Singapore’s state-owned investor Temasek reports record portfolio value

SINGAPORE — Temasek Holdings reported Tuesday that the net value of its portfolio grew to $286.48 billion (403 billion Singapore dollars) at the end of March — that's S$22 billion higher than the previous year, surpassing last year's record high.

11.07 / 11:41

Blockchain Provident Digital Platform ING ING spins out digital asset custody platform to GMEX

Pyctor provides safekeeping and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains. The platform was incubated in ING Neo’s Amsterdam innovation lab, in collaboration with major financial institutions and regulators.

11.07 / 10:39

business cryptocurrency World Bankruptcy Lawyers NOT Three Arrows Capital founders whereabouts not known: Lawyers

Su Zhu and Kyle Davies, the founders of Three Arrows Capital (3AC), the beleaguered crypto hedge fund, might have fled Singapore and their whereabouts are unknown, the firm’s lawyers said in its bankruptcy filing.

11.07 / 07:23

Ethereum ETH Minecraft acquires Web3 Product Studio 0xytocin Labs Acquires NFT Project Chain Scouts

Disclaimer: The text below is a press release is not part of Cryptonews.com editorial content.

10.07 / 12:09

cryptocurrency crypto news crypto regulation Swift Action Needed To Regulate Cryptos After Meltdown: Fed's Lael Brainard

Fed's Lael Brainard urges swift action on regulating cryptocurrencies

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