Search Results for "three arrows"
MAS Slaps 9 Year Ban on Three Arrows’ Founders for “Flagrant Disregard” of Rules
The Monetary Authority of Singapore (MAS) has banned Su Zhu and Kyle Davies, the founders of Three Arrows Capital, from managing or becoming a substantial shareholder of any capital market services firm. Three Arrows Capital was a cryptocurrency hedge fund
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Three Arrows Capital Rebuked for Misleading MAS and Exceeding Its AUM Threshold
The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (TAC) for providing false information to the regulator and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). In August
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Fintech Layoffs Rock Asia in 2023: Who’s Next?
The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures. From Singapore to Hong Kong, prominent fintech players have been forced
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How Bitcoin Drove These People to Wealth
For over a decade, cryptocurrencies have acted as a catalyst for a headstart in the finance world. Just by investing a fraction of their income and following Bitcoin news closely, the lives of the investors featured below have changed completely.
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Singapore’s Cautionary Roar: Navigating Crypto’s Popularity with Prudence
Singapore is well-known for its proactive approach toward technology adoption and innovation. However, the country’s central bank, the Monetary Authority of Singapore (MAS), has taken a cautious approach to crypto or cryptocurrencies. The MAS views cryptocurrencies as inherently risky due to
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Singapore Hits Highest Fintech Funding in 3 Years, Crypto Snagged US$1.2 Billion
Fintech investments in Singapore witnessed a three-year-high of US$4.1 billion across 250 deals according to the KPMG Pulse of Fintech H2’22. 2022’s total deal value here saw a 22 percent increase, up from US$3.4 billion in 2021, and a 75
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Crypto Lessons From 2022 The Industry Should Avoid in 2023
As any crypto industry observer surely knows, 2022 was one of the most turbulent years since Bitcoin hit mainstream notoriety and digital asset markets became a sphere of interest for fintech companies and private investors alike. The early part of
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Global Crypto Funding Slumps 42.5% Amidst Crypto Winter
Funding to cryptocurrency companies plummeted 42.5% in 2022, plunging from an all-time high (ATH) of US$37.08 billion secured in 2021 to US$21.26 billion last year, a new report by crypto data aggregator CoinGecko shows. While the drop may appear significant,
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The Crypto Bloodbath: More Layoffs and Losses In 2023
Cryptocurrencies have been in the news lately due to the volatile prices of Bitcoin and other coins, along with numerous high-profile collapses such as FTX and Voyager. However, another story has been brewing beneath the surface – the massive layoffs
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Top 10 Biggest Crypto Failures of 2022
This year has been a tough one for the crypto industry. From Bitcoin’s wild price swings to the implosion of major exchanges, it’s been a rollercoaster ride for investors and enthusiasts alike. And while there have been some bright spots,
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