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Singapore

Hodlnaut trims workforce by 80% as it attempts to resolve financial woes
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22 August, 2022

Hodlnaut trims workforce by 80% as it attempts to resolve financial woes

Embattled digital currency lender Hodlnaut laid off 80% of its workforce amid its current financial plight brought about by the...
Troubled lender Hodlnaut applies for creditor protection in Singapore
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20 August, 2022

Troubled lender Hodlnaut applies for creditor protection in Singapore

Hodlnaut is following the path taken by Zipmex and Vauld, two other troubled VASPs which were given three months of...
Zipmex gets 3-month creditor protection in Singapore as investors call out for CEO’s blood
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18 August, 2022

Zipmex gets 3-month creditor protection in Singapore as investors call out for CEO’s blood

Two weeks since granting Vauld protection, Singapore has extended the same to Zipmex, an exchange whose tie-up with Babel Finance...
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
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12 August, 2022

The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram

U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money...
Crypto lending platform Hodlnaut, German exchange Nuri latest to fail
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12 August, 2022

Crypto lending platform Hodlnaut, German exchange Nuri latest to fail

The ‘crypto’ collapse continues unabated, with customers of both Singapore-based lending platform Hodlnaut and German digital asset exchange Nuri fearing...
Monetary Authority of Singapore plans public consultation to amend stablecoin regulations
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6 August, 2022

Monetary Authority of Singapore plans public consultation to amend stablecoin regulations

The MAS is working on reviewing its approach to digital assets regulations, which will majorly target stablecoins, the Senior Minister...
Vauld granted 3-month creditor protection in Singapore
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5 August, 2022

Vauld granted 3-month creditor protection in Singapore

The collapsing digital asset lender Vauld applied for a six-month moratorium, but the Singaporean judge ruled that this would impact...
Singapore: Legal services can be offered in the metaverse, law ministry official says
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3 August, 2022

Singapore: Legal services can be offered in the metaverse, law ministry official says

Legal services such as marriage proceedings, court case disputes, and government services may one day be offered in the metaverse,...
Singapore-based Zipmex exchange files moratorium on bankruptcy
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2 August, 2022

Singapore-based Zipmex exchange files moratorium on bankruptcy

Zipmex explains that the application does not imply the liquidation of any entities, but it helps protect the company against...
Peter Thiel-backed ‘crypto’ lending platform Vauld bankrupt
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25 July, 2022

Peter Thiel-backed ‘crypto’ lending platform Vauld bankrupt

Singapore-registered/India-based Vauld filed an application for a moratorium order under section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018,...
Singapore-based Zipmex exchange suspends withdrawals citing market conditions
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23 July, 2022

Singapore-based Zipmex exchange suspends withdrawals citing market conditions

Zipmex offers both digital assets spot trading and an interest-bearing account service that offers users up to a 10% annual...
Singapore MAS mulls more restrictions on digital assets trading platforms
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8 July, 2022

Singapore MAS mulls more restrictions on digital assets trading platforms

The Minister in charge of MAS noted that the new restrictions include limiting retail participation in digital assets trading and...