Singapore
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet
Poolin had issued I-owe-you tokens in exchange for its users’ crypto deposits. A Singapore arbitrator said that’s not OK.
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly with the creditors.
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month. Nexo, however, said talks are still taking place.
Crypto Trading Firm Amber Group Raises $300M Series C After FTX Contagion
The collapse of FTX had impacted some of the trading firm's products and customers, increasing the need to quickly raise additional capital.
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.
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.
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."
Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks
In a court hearing Friday, 3AC’s appointed liquidators blasted the collapsed hedge fund’s founders for talking to the media while repeatedly failing to cooperate with the liquidators' probe.
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.
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.
