Swiss digital asset bank Sygnum has raised $40 million in an over-subscribed growth financing round.
Crypto Bank Sygnum Raises $40 Million for Expansion and Mergers
Crypto bank Sygnum AG secures $40 million at a valuation of $900 million in a Azimut Holding-led strategic funding round.
Singapore Exchange Bitlink to Launch in Nigeria
Based on report, Singapore Bitlink Exchange, a crypto trading platform is entering into Africa, with Nigeria as its starting point. Their mission? To further build the adoption of Web3 across Africa ...
Swiss Crypto Bank Sygnum Inches Closer to ‘Unicorn’ Status With $40M Raise
“The broader industry is emerging from the ‘crypto winter,’ and investors and market participants are increasingly seeking to partner with trusted and well-managed financial institutions,” Gerald Goh, ...
Crypto bank Sygnum raises $54 million for expansion plan
Some market players are hoping the bearish crypto market will bounce back in 2024 as more institutional investors enter the scene and regulations in key markets emerge. In November 2023, Sygnum ...
Bakkt Crypto Capabilities Activated Across Multiple International Regions
Starting today, Bakkt crypto trading is also live in Hong Kong and Singapore with digital brokerage SogoTrade. The companies plan to jointly launch these crypto trading capabilities in additional ...
Amount in crypto stolen via hacking fell in 2023 but number of cases on the rise
The firm on Jan 24 said global funds stolen via crypto hacking plunged by about 54.3 per cent to US$1.7 billion (S$2.3 billion) in 2023 compared with the year before. However, the number of individual ...
EDX plans Asia crypto exchange with funding from Sequoia and Pantera Capital
The company completed a second funding round co-led by new investor Pantera Capital and existing backer Sequoia Capital ...
FTSE Russell, crypto fund manager HashKey Capital launch three indices tracking digital assets
These include Bloomberg, S&P, MSCI and crypto exchange Coinbase. Hashkey’s Singapore arm said in December 2023 that it had received a full capital markets services licence from the Monetary Authority ...
Crypto firm Terraform Labs files for bankruptcy in US after $40B crypto crash
Terraform Labs, the cryptocurrency firm behind the Luna and TerraUSD tokens, which crashed and wiped out an estimated US$40 billion in 2022, has declared bankruptcy in the U.S.
New improved customs checks for goods traded between Singapore and Malaysia take effect
The MRA allows Singapore’s certified AEO exporters’ shipments to Malaysia to “enjoy fewer customs documentation checks and cargo inspections, and vice versa”, said Singapore Customs on Tuesday.
Mixed messages from Asia crypto investors
In contrast to Southeast Asia’s apparent crypto antipathy, the biggest increase in crypto ownership came from the United Arab Emirates where investor confidence in cryptocurrencies has seen ownership ...
Three Arrows Capital co-founder reflects on “enjoyable” prison experience in Singapore
Singaporean prison In a post on2, Zhu reflected on his experiences through edited clips from an unreleased podcast ...
Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection
Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world ...
Hong Kong may lose Australian talent to Singapore if Canberra puts tax squeeze on expats, business chamber chief warns
Chamber suggests double taxation treaty as Canberra proposal could leave certain expats paying in two places if they stay in Australia beyond 45 days Chairwoman Josephine Orgill says Hong Kong remains ...
Singapore-based Terraform Labs files for bankruptcy in US after $53.6 billion crypto crash
Reports said the firm had listed assets and liabilities in the range of US$100 million to US$500 million. Read more at straitstimes.com.