Temasek Works With FTX In Liquidity Crisis
Singapore’s Temasek made investments in several of FTX‘s round discoveries, which helped to raise its January $32 billion valuation. Temasek, a shareholder in FTX and a state-owned investment company in Singapore, is apparently working with the cryptocurrency exchange to address the liquidity crisis that resulted in the unanticipated (and ongoing) bail out on November 8. […]
Hong Kong To Usurp Singapore’s Retail Crypto Sector
Many places have had different reactions to the growth and rising use of cryptocurrencies. Some are going all in on the industry and its many opportunities by coming up with new ideas. But some people are going back on their steps in the crypto space by using stricter rules. Recently, there have been some interesting […]
Singapore’s Central Bank Set To Explore Digital Currency
Even though MAS is getting ready to test digital currency , it said that the case for a central bank digital currency (CBDC) for retail is “not compelling for now.” Analysts say that many Singaporean investors may not be interested in retail CBDCs. Instead, they may want to buy cryptocurrencies. Singapore’s central bank said on […]
Digital Assets: Rich People in Asia Clamor For More Investment
The study found that the super-rich in the two regions are more interested in non-fungible tokens (NFTs) and decentralized finance (defi) products than they are in BTC and ETH. A recent study found that 34% of family offices and high-net-worth individuals (HNWI) from Singapore and Hong Kong have already invested in digital assets, and close […]
Singapore court judges acquisition suit in Bithumb founder’s favor
The court drama surrounding the acquisition of the South Korean cryptocurrency exchange Bithumb has been ongoing for several years. A Singapore court has issued a decision against Kim Byung-gun, who had initially accused Lee Jung-hoon, the owner of Bithumb, of defrauding him. A court in Singapore found Kim guilty of selling BXA coins without the […]