Singapore


Finance

Crypto Exchange Zipmex Secures Creditor Protection Extension as Takeover Deal Nears

V Ventures looks set to acquire 90% stake of Zipmex for $100 million in cash and crypto, according to Bloomberg.

(Michal Jarmoluk/Pixabay)

Policy

Singapore's Financial Regulator Defends Itself After FTX Blowup

Singapore state fund Temasek’s investment in FTX caused "reputational damage," but “it is the nature of investment and risk-taking,” said Deputy Prime Minister Lawrence Wong.

Singapore's Parliament House (Getty Images)

Policy

Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight

Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.

Monetary Authority of Singapore MAS Building (Shutterstock)

Finance

Singapore Starts Fraud Investigation Into Crypto Exchange Hodlnaut

The police are looking into allegations of cheating and fraud by the company and its directors.

(Saffu/Unsplash)

Videos

Singapore Defends Stance on Binance After FTX Implosion

This week, Singapore's central bank, the Monetary Authority of Singapore (MAS), released a statement to "address misconceptions" after the collapse of crypto exchange FTX. CoinDesk Executive Director of Global Content Emily Parker discusses the latest in the state of crypto in Singapore and Asia as FTX's implosion continues to ripple across the industry worldwide.

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Finance

Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore

The company said it has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful.

Singapore (Unsplash)

Finance

Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion

The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year.

Crypto exchange Bitget has registered in Seychelles to power its global expansion. (EyesWideOpen/Getty Images)

Finance

Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'

A deal may be reached as early as next week, according to a person familiar with the matter.

(Michal Jarmoluk/Pixabay)

Finance

Temasek Says Its FTX Investment Is Now Worth Zero

The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.

Singapore's skyline (Unsplash)

Videos

Temasek to Write Off up to $300M Invested in FTX; House Committee to Hold Hearing on FTX Collapse

Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations. Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million invested in FTX. The House Financial Services Committee will hold a hearing into FTX next month. Sam Bankman-Fried, Tom Brady and other FTX promoters have been sued. Genesis and CoinDesk both operate under Digital Currency Group.

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