Singapore
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.
Singapore Police Probing Do Kwon's Terraform Labs: Bloomberg
Authorities have confirmed Do Kwon isn't in the city-state.
Binance's Custody Arm Ceffu Will Apply for Singapore License: Report
Binance rebranded its custody arm to Ceffu earlier this month.
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
Vauld's existing legal protection from its creditors expires on Feb. 28.
Crypto Was Singapore's Top Area of Fintech Investment in 2022 Despite Global Slowdown: KPMG
For 2023, KPMG has predicted that it is "likely investments in crypto-focused firms will remain very slow."
DBS Says Bitcoin Trading up 80% in 2022 on DDex Exchange
DBS’ crypto exchange, which is not open to retail traders, currently allows for bitcoin, ether, XRP, bitcoin cash, DOT and ADA trading.
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.
What You Need to Know About Crypto Regulation in Hong Kong, Singapore, Japan
Asia’s biggest financial centers seem eager to encourage the growth of the crypto industry while protecting consumers and preventing contagion if things go wrong.
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.