The practice of purchasing digital assets has been simplified due to Coinbase, one of the major cryptocurrency exchanges in the world, opening up the transfer of cash to and from wallets through local banks. The revelation comes at a pretty unfavorable time for the markets, which are fighting to maintain their buoyancy due to concerns … Read more
According to a statement released on August 29, the troubled cryptocurrency lender Hodlnaut has been placed under the supervision of interim judicial management (IJM). The notification states that the court has designated Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as temporary managers for the firm based … Read more
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), stated on August 29 that Singapore intends to raise the entry hurdle into cryptocurrency trading for retail investors since these investors are “oblivious” to the risks that are connected with the activity. Menon claims that retail interest in cryptocurrencies is still quite high … Read more
According to a report from Bloomberg News dated August 24, the High Court of Singapore has given the liquidators of Three Arrows Capital, Teneo, the authority to secure and liquidate the company’s assets in the country. According to this report, Teneo is now authorized in Singapore to make requests to access assets and financial documents … Read more
A cryptocurrency lending company based in Singapore called Hodlnaut has provided an update to the community regarding its judicial management filing and has also disclosed two alarming updates. First, the platform announced that it would be laying off 80% of its workforce, which would amount to approximately 40 workers, “in order to lower the company’s … Read more