(Bloomberg) — Sea Ltd. reported its first-ever profit, a milestone in the Southeast Asian gaming and e-commerce giant’s turnaround effort to convince investors of its money-making potential. Mos...
Tag: Singapores
Singapore’s DBS Bank aims for Hong Kong crypto license
Ad Singapore-based DBS Bank is planning to apply for a crypto license in Hong Kong, according to Bloomberg News. The bank didn’t disclose a date for the application but said it wanted to offer digital...
Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce
Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the lates...
Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens
A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapore’s central bank iss...
CEO of Singapore’s Creative Sim Wong Hoo, Who Took on Apple, Dies at 67
(Bloomberg) — Sim Wong Hoo, who founded Creative Technology Ltd. in Singapore before sparring with Apple Inc., has died. He was 67. Most Read from Bloomberg Sim died peacefully on Jan. 4, the co...
Singapore’s Finamatrix Tokenizes Crude Algae Oil With Leading Algae Cultivation Technologies: Global Access to Green Gold
SINGAPORE–(BUSINESS WIRE)–$FIX #finamatrix–Finamatrix, the #1 NAS100 risk-tech database, has tokenized Crude Algae Oil (CAO) for global access to tackle climate change. Utilizing its proprietary datab...
Affyn’s 2,000 Land NFTs matching Singapore’s real-world locations sold out in 2 hours
Blockchain games-centered firm Affyn has announced a new milestone in selling its first metaverse city with 2,000 Land NFTs plots. The land is part of Affyn’s NEXUS World metaverse. According to info...
Singapore’s crypto future goals threatened by FTX’s collapse
Join Our Telegram channel to stay up to date on breaking news coverage There was a time when it appeared that Singapore would emerge as a leading cryptocurrency hub.Early on, the government had expres...
OANDA bags Singapore’s number-one broker position for client satisfaction
OANDA, the leading multi-asset CFD trading service provider, again becomes the No. 1 broker in Singapore. According to the latest Investment Trends report, OANDA is the best forex broker in Singapore ...
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Singapore’s government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong. Wong, who is al...
Singapore’s Temasek Reviewing FTX $275M Investment
FTX Temasek Review News: After writing off the $275 million investment into FTX, the Singapore authorities have initiated an internal review into the matter. On Wednesday, Singapore Deputy Prime Minis...
FTX’s Crash Had a ‘Very Limited’ Impact on Singapore’s Economy, Claims DPM
Lawrence Wong – Deputy Prime Minister of Singapore – said major local financial institutions have “insignificant” exposure to cryptocurrencies and digital asset companies. As such, the gigantic crash ...
Singapore’s Financial Regulator Defends Itself After FTX Blowup
Wong also addressed the investment of Singapore’s state-owned investment fund Temasek into FTX, saying that it had caused not just financial loss but also reputational damage. Days after Sam Bankman-F...
Singapore’s parliament raises governance concerns following FTX collapse
The FTX contagion made its way into Singapore and its parliamentarians cannot come to terms with the fact that their government failed to protect its citizens. The lawmakers are now calling for transp...
Singapore’s Crypto Lender Hodlnaut Faces Police Investigation
Another crypto lender, now based out of Singapore, is in major trouble. As per the latest development, Singapore Police is now investigating crypto lender Hodlnaut Pte on charges of fraud and cheating...
Singapore’s MAS Could Have Protected FTX Users
The Monetary Authority of Singapore (MAS) on Monday stated that it can’t protect FTX’s local users as the crypto exchange was not licensed by the MAS and operated offshore. Moreover, the MAS clarifies...
Vitalik Buterin Warns Against Singapore’s Approach to Crypto
Ethereum co-founder, Vitalik Buterin, recently commented on Singapore’s ambition to become a digital asset hub saying that it might not work out due to the country’s skeptical attitude towards cryptoc...
Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin
Singapore’s well-meaning attempt at crypto regulation may not work out, given its skeptical approach to the asset class, Ethereum co-founder Vitalik Buterin said in an interview with The Straits Times...
Vitalik Buterin Calls Singapore’s Regulatory Measures A Roadblock
Amid the crypto winter of 2022, Singapore’s regulatory authorities have been keeping stricter vigilance over the functioning of the country’s crypto industry. However, Ethereum co-founder Vitalik Bute...
Singapore’s Deputy PM reiterates decision to restrict crypto-speculation thanks to FTX
The downfall of FTX continues to make waves throughout the industry, sending wake-up calls to regulators and politicians alike. Those against crypto have found a new reason to continue opposing this n...
Singapore’s Temasek Says Its $275 Million FTX Investment Is Now Worth Zero
Temasek, a Singapore-based global investment company possessing a portfolio that is worth $403 billion, is no longer interested in waiting for the outcome of FTX crypto exchange’s Chapter 11 bankruptc...
Singapore’s Temasek writes off $275 million FTX investment
Crypto news about FTX continue to dominate headlines, with the latest being from Temasek, a Singaporean sovereign wealth fund that says it’s written off its entire investment in bankrupt crypto exchan...
Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried
Singapore-owned investment fund Temasek said it was writing off its $275 million investment in the bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the fund, it had ...
Singapore’s Temasek To Write Off $275M FTX Exposure
Editors News Notably, between October 2021 and January 2022, Temasek contributed $275M. Similarly, The Sequoia Capital team made the decision to fully write down last week. Organizations are continuin...
Singapore’s Temasek Says FTX Investment Now Worth Nothing
As the remains of FTX continue to circle the drain amidst a storm of cryptic tweets from the former CEO, more and more firms have taken the necessary measures to clear the air, announcing their lack o...
Singapore’s MAS says FTX does not operate in the country
The Monetary Authority of Singapore (MAS) stated that the bankrupt crypto exchange FTX does not operate in the country, Wu Blockchain reported on Nov. 14. The Monetary Authority of Singapore (MAS) res...
Singapore’s State Investor Temasek Is Engaging With Embattled Crypto Exchange FTX – Bitcoin News
According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bai...
Coinbase CEO Criticizes Singapore’s Aim to Become a Web3 Hub at Expense of Crypto Trading
While speaking at the Singapore FinTech Festival 2022 on November 3, the CEO of U.S.-based crypto exchange Coinbase, Brian Armstrong, raised concerns that Singapore wants to become a forward-looking r...
Singapore’s Regulator Begins First Digital Asset and DeFi Pilot Program – crypto.news
The Monetary Authority of Singapore has announced that it has begun the first pilot test under its Project Guardian. The projects are set up to investigate the possible use cases of decentralized fina...
Singapore’s MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments
While central banks around the world are looking into digital iterations of local sovereign currencies for use by citizens in daily transactions, progress on wholesale CBDCs – that can be built on tec...