Singapore
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.
Singapore vs Hong Kong
Who will win in Asia’s crypto showdown? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
NFT Regulation Outlook: We Can't Stop Regulation, SmartMedia Technologies Exec Says
Reeve Collins, SmartMedia Technologies co-founder, reacts to a Singapore court ruling that NFTs are properties. "We've known for a long time that NFT is a property ... it's nice to see a court acknowledge that," he says. Plus, his take on NFT regulation in the U.S.; Are NFTs securities?
Singapore High Court Says NFTs Can Be Considered Property
The Singapore High Court has said that NFTs meet certain legal requirements to be considered property, such as being distinguishable from other similar assets and having an owner who can be recognized by third parties. "The Hash" team weighs in on the ruling.
Goldman Still Sees Strong USD; Bitcoin Miners Downgraded Amid Bear Market Woes
A Goldman Sachs strategist wrote a peak in the U.S. dollar "feels several quarters away," which could be bad news for bitcoin (BTC). Bitcoin miners Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded by Wall Street investment bank DA Davison due to bear market woes. Terraform Labs co-founder Do Kwon is rumored to have left Singapore for Dubai, according to Bloomberg.
Do Kwon Denies Manipulation Allegation in Laura Shin Interview, Report Suggests Kwon Transited via Dubai
"The Hash" panel discusses the key takeaways from Terraform Labs co-founder Do Kwon's interview with "Unchained" podcast host Laura Shin amid rumors he has left Singapore for Dubai, and whether Kwon's earlier failed algorithmic stablecoin Basis Cash could have been an indication of UST's fate.
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
Terra blockchain creator Do Kwon, who said he is not on the run, is rumored to have left Singapore for Dubai according to South Korean prosecutors telling Bloomberg. Merkle Science co-founder and CEO Mriganka Pattnaik discusses what we know so far and the outlook for algorithmic stablecoins. Plus, insights into tracking Luna Foundation Guard's bitcoin (BTC) reserves.
Singapore's Approach to Crypto Regulation
Singapore, largely considered Asia's crypto hub, concluded the TOKEN 2049 conference last week. CoinDesk Executive Director of Global Content Emily Parker discusses the outlook for crypto markets in Singapore and whether the country could become less crypto-friendly.
Working With Singapore Regulators a 'Breath of Fresh Air': Anchorage Digital General Counsel
Anchorage Digital General Counsel Georgia Quinn discusses the benefits of working with Singapore regulators and why it's a "breath of fresh air."
