Adoption
Hashkey Capital commits $500M to advance crypto, blockchain initiatives
Hashkey's Fund III will focus on infrastructures, toolings, and applications with mass adoption potential.
Soumen Datta 2 min read
Singapore News
News on MAS policy, licensing, venture activity, and Singapore’s position as a Web3 finance hub.
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Exchanges
Pionex removes Huobi’s market-making funds
The exchange pointed at the declining trading activity on Huobi as the reason for this decision.
CBDCs
G7 economies move into development stage of CBDCs
G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.
Latest Singapore Crypto News & Analysis
Bear Market
Amber Group reportedly set to end $25M Chelsea deal, lays off 40% of workforce
Amber Group was caught up in the FTX contagion but set to survive by cutting costs across the board.
Regulation
Singapore requires banks to hold $125 for every $100 Bitcoin exposure
Singapore's MAS minister said banks in the country have "insignificant" exposure to crypto.
Crypto
CryptoSlate Wrapped Daily: FTX took $3.7B loss in 2021; Coinbase reveals Grayscale Bitcoin reserves
Bank of England speculates FTX collapse is a result of FTT run, Litecoin recently climbs market cap ranking, and much more in this edition of CryptoSlate Wrapped Daily.
Regulation
Singapore’s watchdog says Binance placed on Investor Alert List over FTX due to unlicensed activity
The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.
Analysis
Asia’s Bitcoin supply records new ATH while US, EU reserves shrink
Asia currently holds 7.3% of the total Bitcoin supply as market moves inversely to the West
Regulation
Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin
While Buterin appreciates Singapore's willingness to be supportive of crypto and blockchain, the country cannot have "one without the other".
More Singapore Crypto News Headlines
Bankruptcy
Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried
Exchanges
Singapore’s MAS says FTX does not operate in the country
Adoption
Singapore BIS Monetary Authority and central banks of Switzerland, France explore AMMs and CBDCs
Banking
