Singapore
Coinbase CEO Leaves Door Open to Relocating
Coinbase (COIN) CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Separately, crypto exchange Luno is withdrawing from Singapore while the UAE's securities regulator is starting to accept license applications from crypto firms. "The Hash" panel discusses the global crypto shuffle.
Crypto.com Struggles to Maintain Fiat On-Ramps Amid Crypto Banking Crisis
The crypto industry is in the middle of a banking crisis with the collapse of crypto-friendly Silvergate Bank, and Crypto.com hasn’t been spared. The Singapore-headquartered exchange can now only provide euro-denominated banking services to users in the European Economic Area (EEA), having previously lost the ability to accept USD deposits because of issues with its banking partners. "The Hash" panel discusses why this is a historic moment in crypto.
Singapore Authorities Probing Do Kwon’s Terraform Labs: Bloomberg
Singapore's police said they have started to investigate Terraform Labs, the company behind the failed terraUSD (UST) stablecoin, according to a Bloomberg report on Monday. "The Hash" panel discusses the latest developments after the collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry, including those of hedge fund Three Arrows Capital and crypto lenders Voyager Digital and Celsius Network.
Singapore Police Start Probe Into Do Kwon’s Terraform Labs: Bloomberg
Bloomberg reports that Singapore police said they have commenced an investigation into Terraform Labs, the company behind the failed TerraUSD (UST) stablecoin. This comes after the SEC sued Terraform Labs last month, alleging that the crypto firm and its co-founder Do Kwon misled investors about UST's stability. "First Mover" hosts weigh in.
US and Asia’s Approach to Crypto
While sentiment toward crypto may be souring among U.S. regulators and lawmakers, Asia is revising policies to welcome crypto. CoinDesk Executive Director of Global Content Emily Parker discusses the difference in the U.S. and Asia's approach to crypto regulation, citing the implosion of FTX and stablecoin legislations. Plus, what can be learned from regulatory frameworks in Singapore, Hong Kong and Japan. And, insights on FTX users in China.
Crypto Exchange Huobi Confirms Justin Sun as Leader
Singapore-based exchange Huobi confirmed Thursday that Tron founder Justin Sun is not just a member of the Global Advisory Board, but is leading the exchange. The exchange also addressed concerns of so-called rat trading. "The Hash" panel discusses what this means for Huobi amid lingering crypto winter concerns.
QCP Capital Expects Fed to Be Irate Amid Easing Financial Conditions
Singapore-based crypto options trading firm QCP Capital said the recent risk revival in traditional markets and cryptocurrencies might not sustain because the U.S. central bank is still fighting inflation. "The Hash" panel discusses their outlook for the crypto industry and the economy at large amid broader uncertainty in the market.
Amber Group Reportedly Ditches Sponsorship Deal With Chelsea FC Amid Massive Layoffs
Bloomberg reports that Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea F.C. as the firm is laying off around 300 people. "The Hash" panel discusses the what this means for exchanges and firms navigating the chill of crypto winter.
Innovation vs Regulation
Could Hong Kong and Singapore rival the U.S. together? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
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.
