However, the hedge fund’s fortunes plummeted in 2022 due to a series of poor investment decisions coinciding with a broader downturn in the crypto market. Since the fund’s collapse, Zhu’s situation ...
Crypto platform Gemini clinches in-principle approval in Singapore
Gemini secures in-principle approval from Singapore regulators, marking a significant step in expanding its crypto services in the fast-growing Asian market.
Anchorage Digital Gets MAS License for Crypto Services in Singapore
Anchorage Digital Singapore has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS).
Rise of crypto custody as more financial institutions enter digital asset space
By 2030, tokenised assets could account for about 10 per cent of the world’s gross domestic product (GDP). Read more at The Business Times.
Genting Singapore’s RWS casino chief Andrew MacDonald steps down
He had done so to “pursue personal interests”, said RWS owner Genting Singapore in a bourse filing. Read more at straitstimes.com.
How one of the tiniest oil markets cost Singapore-based Trafigura over $1.5 billion
Trafigura alleges that staff manipulated payments while concealing a mountain of overdue debts. Read more at straitstimes.com.
Three Arrows Co-Founder’s Wife Sells High-Value Singapore Home
Evelyn Tao, Zhu Su’s wife, successfully sold a redeveloped luxury home in Singapore, finalizing the transaction by October 2024 amid financial scrutiny.
Crypto fund founder’s wife sells mansion for S$51mil
The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC), has managed to sell a mansion she owns here for S$51mil (RM168.5mil), despite a court-imposed ...
Crypto.com To Offer Equities Trading to US Customers After Acquiring Broker-Dealer
The Singapore-based digital asset exchange Crypto.com has acquired the US broker-dealer Watchdog Capital in an effort to launch equities trading for American customers.
Wife of 3AC founder sells Singapore mansion for $38.5 million
Tao Yaqiong, the wife of Zhu Su, co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), sold her Singapore-based mansion for a whopping $38.5 million. She managed to complete the sale ...
Slight slowdown in Singapore’s factory output may just be a blip, say economists
Electronics remains a crucial driver of economic growth, despite its PMI also posting a slight drop to 51.4 points, from 51.5 points in September, according to data released by the Singapore Institute ...
27 proposals to boost Singapore’s competitiveness, with some ready to be implemented
SINGAPORE – One of the 27 recommendations in a Nov 1 report that aims to improve competitiveness has already been implemented, with a handful of others ready to be put into effect. The report by the ...
Singapore employers reject 4-day work week and remote work arrangements
SINGAPORE: A recent survey conducted by the Singapore National Employers Federation (SNEF) has revealed that a staggering 95% of employers in Singapore are not considering the implementation of a four ...
“Billionaire Hub vs Tax-Free Oasis”: X User’s Thread Comparing Singapore And Dubai Goes Viral
Alessandro Palombo, who has lived in Dubai for four years and launched two businesses in Singapore, shared insights from his journey to help entrepreneurs and expatriates choose between the two cities ...
Collapsed crypto hedge fund founder’s wife sells $38 million Singapore mansion
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Singapore stocks edge down amid mixed showing in region; STI falls 0.1%
Wall Street had its worst day in weeks, fuelled by doubts over the tech sector’s big guns. Read more at straitstimes.com.