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Category: BUSINESS

Posted on 01/10/2024

Crypto Industry Loses $120M to Hackers in September with BingX Taking Hardest Hit

In a month of relentless cyber attacks, the crypto industry saw over $120M disappear in hacks, with BingX losing $44M in a single breach.

Posted on 01/10/2024

The Most Powerful Crypto Bro in Washington Has Very Weird Beliefs

Coinbase CEO Brian Armstrong says the U.S. is in “decline” and embraces a cultish tech movement to build “network” societies beyond the reach of nation-states—and he’s got Congress eating out of his ...

Posted on 01/10/2024

Robinhood takes in-app crypto transfers to Europe

Robinhood has expanded its services in Europe, allowing users to transfer more than twenty cryptocurrencies in and out of its app for the first time ever. This service will be available to all ...

Posted on 01/10/2024

ANZ Joins Singapore’s Project Guardian for Tokenization as First Australian Bank

Australian bank ANZ has partnered with Chainlink Labs and ADDX to explore tokenized real-world assets through MAS’s Project Guardian.

Posted on 01/10/2024

Robinhood expands footprint in Europe, introducing crypto transfer features for EU customers

Robinhood expands crypto services in the European Union, allowing users to self-custody assets. The move follows favourable EU regulations and Robinhood’s acquisition of Bitstamp.

Posted on 01/10/2024

Robinhood Introduces Crypto Transfers for European Users

Robinhood expands its crypto services in Europe, allowing transfers and self-custody, while also acquiring Bitstamp to boost its global presence in the face of regulatory challenges in the US.

Posted on 01/10/2024

Crypto Services Provider Matrixport Buys Crypto Finance’s Asset Management Unit

The Switzerland-based entity, now renamed Matrixport Asset Management AG (MAM), offers institutional-grade digital assets investment solutions, including the first FINMA-approved crypto fund. The ...

Posted on 01/10/2024

20% drop in Singapore cars entering JB on first day of VEP implementation

The enforcement of the VEP requirement will be implemented in phases. Read more at straitstimes.com.

Posted on 01/10/2024

Singapore shares decline amid mixed regional showing; STI down 0.1%

Local stocks fell into the red on Tuesday (Oct 1), even as most regional markets ended mixed. Read more at straitstimes.com.

Posted on 01/10/2024

Workforce expansion and productivity key to Singapore’s growth, says SM Lee

He emphasised that the city-state would do well if it could sustain growth at around 2% to 3% annually. Businesses in Singapore should prioritise workforce expansion and productivity improvement as ...

Posted on 01/10/2024

Confusion over VEP for car-sharing, rental firms in Singapore as Oct 1 deadline arrives

One rental firm says it started enquiring in May about VEP installation for its cars but has not received a response from the Malaysian authorities.

Posted on 01/10/2024

Daily Cuts – Eat Drink Singapore – The Shifting Sands of Singapore’s F&B Industry

Even as Singapore's F&B scene remains vibrant, some high-end restaurants and casual eateries alike are finding it hard to survive - what drives them to wind up and what happens to the larger industry ...

Posted on 01/10/2024

Hindi Set To Drive Business Growth As India’s Global Influence Expands: Singapore Business Community

The fusion of Hindi, spoken by 57.2 crore people in India and another 50 crore globally, with cutting-edge technology, opens up a vast realm of opportunities for businesses, allowing them to reach ...

Posted on 01/10/2024

CapitaLand Ascott Trust to acquire lyf Funan Singapore for $146.4 million

SINGAPORE - CapitaLand Ascott Trust (Clas) is proposing to acquire the 329-room lyf Funan Singapore from Ascott Serviced Residence Global Fund (ASRGF) for $146.4 million. Read more at straitstimes.com ...

Posted on 01/10/2024

Singapore’s lure for rich Chinese breeds family office tensions

Previously, the MAS shouldered the bulk of such duties. But amid rising demand for family offices -- the wealthy get tax breaks in return for investing a certain amount in Singapore -- and mounting ...

Posted on 01/10/2024

More S’pore consumer protection rules for retail crypto investors on the way

Other MAS rules such as those to do with ring-fencing customers’ assets will be in force from Oct 4. Read more at straitstimes.com.

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