The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi.
Factbox: FACTBOX The many companies in Digital Currency Group’s crypto empire
U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after one of its companies, Genesis, froze customer withdrawals in November.
Crypto lending unit of Genesis files for US bankruptcy
The lending unit of crypto firm Genesis filed on Thursday for US bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi.
Tech billionaire’s loan to keep solar export dream to Singapore alive
The billionaires, both investors in the company, are at odds over whether to use clean electricity from a planned giant solar project in Australia for local use, or to export it to Singapore. Sun ...
More money, more problems for crypto
The disgraced crypto exchange’s new chief is open to the idea of restarting operations and possibly reviving the bankrupt company, according to a new report by WSJ. Time will tell if that happens and ...
Drug company official gets 7 years for illegal drug imports
A partner in a drug company based in India that made about $3.5 million by selling and shipping millions of illegal and unapproved pills to the U.S. to people who did not have prescriptions has been ...
Some plastics should just be binned in Singapore: Getting recycling right with a veteran advocate
Ahead of Chinese New Year festivities, Eco-Business speaks to Robin Rheaume, who leads a local online community on reducing waste, and is an administrator of a new website for all the ways to ...
Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease
The recent risk revival in traditional markets and cryptocurrencies may not sustain because the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said.
Losses from crypto ransomware shrink 40% as victims stop paying
Ransomware lifespans have dropped, from an average of 153 active days in 2021 to 70 in 2022. Read more at straitstimes.com.
Losses from crypto ransomware shrinks 40% as victims stop paying
The amount of losses incurred from cryptocurrency-related ransomware attacks plunged 40 per cent last year as victims increasingly refuse to pay the extortionists. Read more at straitstimes.com.
Singapore-based crypto unicorn Amber Group slashes Hong Kong workforce, SCMP reports
Singapore-based digital asset manager Amber Group has cut its Hong Kong staff by half to 40 to weather a slump in cryptocurrency prices and a cascade of bankruptcies in the industry.
Russian oil is getting mixed in Singapore and then re-exported, sources say
This trend of more Russia-to-Asia shipments and the growing role of hubs in their re-distribution may further intensify ...
Traders reap big profits in Singapore by mixing cheap Russia oil: Sources
Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally. Read more at straitstimes.com.
Steel company tops Corporate Knights’ Global 100, four Singapore names among world’s most sustainable listcos
A dollar invested in an index composed of Global 100 companies on Feb 1, 2005, would have generated a return 1.2 times higher.
The car rental business in Singapore is booming this CNY! Here are the best cars to rent before they are all gone!
A large part of Chinese New Year celebrations consist of visitations to friends and family members' homes, dressed in stylish new clothes, bringing mandarin oranges and other goodies along.While you ...
‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation
Senior Minister Tharman Shanmugaratnam of Singapore said instead of regulating crypto it may be better to emphasize it’s unregulated so investors can make their own decisions.