Singapore


Markets

Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources

The exchange suspended client withdrawals early Wednesday amid rumors of financial troubles.

A Singapore-based crypto exchange may be staring at $100 million black hole. (geralt/Pixabay/PhotoMosh)

Markets

Crypto Exchange Zipmex Suspends Withdrawals, Citing Market Volatility

The outfit becomes the latest digital-assets platform to make that move.

Zipmex blocks clients from taking direct custody of their funds. (Peggy_Marco/Pixabay)

Policy

'Singapore-based' Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says

Troubled companies like Three Arrows – reported by the media as being based in Singapore – have "little to do" with local crypto regulations, said the head of the Monetary Authority.

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Finance

Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection

TPS Capital claims that it's independent of Three Arrows, but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms.

Cayman Islands (Creative Commons)

Finance

Fund Manager Fintonia Group Receives Provisional Virtual Assets License in Dubai

Fintonia Group has followed in the footsteps of several leading crypto companies in securing a license to operate in Dubai.

Dubai (David Rodrigo/Unsplash)

Finance

Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times

Three Arrows’ liquidators are working to get Singapore courts to recognize the British Virgin Islands liquidation order against it, in order to preserve the company's Singapore assets.

Singapore Skyline (Swapnil Bapat/Unsplash)

Finance

Three Arrows Founder Says Attempt to Work With Liquidators Met With 'Baiting'

In a first tweet since the crypto hedge fund imploded, Three Arrows co-founder Su Zhu posted screenshots from legal counsel saying the fund's principals are willing to work with liquidators.

Su Zhu of Three Arrows Capital (CoinDesk)

Finance

Three Arrows Creditors Get Emergency Hearing as Founders Fail to 'Cooperate'

Creditors say the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share.

3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk)

Videos

MAS Mulls Crypto Limits; Pacquiao’s Pacman NFTs

Singapore’s central bank considers limiting retail participation in crypto. Vauld halts withdrawals, trading, deposits; explores restructuring. CoinLoan reduces withdrawal limit by 99%. Questions arise on how far Three Arrows Capital contagion can spread. Can Cardano pack a punch with Pacquiao NFT collection?

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Policy

Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading

The Monetary Authority of Singapore may introduce rules on the use of leverage in crypto transactions.

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