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Home Monthly Roundup Singapore Cryptocurrency and NFT News Roundup July 2022

Singapore Cryptocurrency and NFT News Roundup July 2022

Get first dibs on the latest cryptocurrency and NFT news in Singapore for the entire month of July 2022 only here at SGBusinessTalk. 

Pop Star JJ Lin Joins Singaporean Scions To Build ‘Web2.5’ NFT Community

Pop Star JJ Lin Joins Singaporean Scions To Build ‘Web2.5’ NFT Community

Singaporean pop star JJ Lin is joining Kiat Lim, son of Singaporean billionaire Peter Lim, and Elroy Cheo, a scion of the Cheo family that owns edible oils firm Mewah International to establish ARC, an app-based digital community that authenticates member profiles with non-fungible tokens (NFTs).

Read more: https://www.forbes.com/sites/catherinewang/2022/07/06/pop-star-jj-lin-joins-singaporean-scions-to-build-web25-nft-community/?sh=34b999a07b32

 

Asia’s First Physical Metaverse-Themed Web3, NFT and Crypto Conference to be Held In Singapore

Asia's First Physical Metaverse-Themed Web3, NFT and Crypto Conference to be Held In Singapore

The first ever metaverse-themed blockchain & web3 conference titled THE WEB3 CON will be held on 28th July 2022 in Zouk Singapore. The conference will feature promising start-ups, established organisations and investors within the Blockchain, Crypto, NFT and Metaverse industry.

Read more: https://finance.yahoo.com/news/asias-first-physical-metaverse-themed-055000588.html

 

Custom-Blended Skincare from Japan Now Accepts Cryptocurrency at its Stores in Singapore

Custom-Blended Skincare from Japan Now Accepts Cryptocurrency at its Stores in Singapore

mtm labo Singapore has partnered with Singapore-based one-stop payment and banking solution provider Fomo Pay to facilitate cryptocurrency payments, which can be made in Tether, USD Coin, Ethereum or Bitcoin.

Read more: https://www.straitstimes.com/life/style/style-news-customisable-nail-polish-use-your-crypto-at-mtm-labo-singapore

 

Crypto.com Earns Regulatory Approval from Cyprus SEC 

Crypto.com Earns Regulatory Approval from Cyprus SEC

Singapore-based cryptocurrency exchange Crypto.com becomes the latest crypto firm officially authorised to operate in Cyprus.

Read more: https://cointelegraph.com/news/crypto-com-scores-regulatory-approval-from-cyprus-sec

 

Crypto Lender Vauld Owes Over $400 Million to Creditors

Crypto Lender Vauld Owes Over $400 Million to Creditors

Singapore-based cryptocurrency lending and exchange platform Vauld, reportedly owes more than $400 million to its creditors, with 90% of that amount deposited by individual retail investors.

Read more: https://decrypt.co/105633/embattled-crypto-lender-vauld-owes-over-400-million-to-creditors-report

 

Latham, Ogier and Singapore Trio Lead as Crypto Hedge Fund Succumbs to $3.5B Debt

Latham, Ogier and Singapore Trio Lead as Crypto Hedge Fund Succumbs to $3.5B Debt

Singapore law firms Advocatus Law, Solitaire LLP, WongPartnership, along with Latham & Watkins and offshore firm Ogier are advising on the downfall of Three Arrows Capital Ltd (3AC), a cryptocurrency-focused hedge fund. 

Read more: https://www.law.com/international-edition/2022/07/20/latham-ogier-and-singapore-trio-lead-as-crypto-hedge-fund-succumbs-to-3-5b-debt/

 

Julius Baer-Backed Crypto Bank Ramps Up Asia Hiring After Selloff

Julius Baer-Backed Crypto Bank Ramps Up Asia Hiring After Selloff

SEBA Bank AG, an online bank backed by Julius Baer Group Ltd. is planning to increase its staffing to more than 20 in Hong Kong and Singapore.

Read more: https://www.swissinfo.ch/eng/julius-baer-backed-crypto-bank-ramps-up-asia-hiring-after-selloff/47777648

 

Cryto Exchange Zipmex Weighs Offer From Another Firm Following Withdrawal Freeze

Cryto Exchange Zipmex Weighs Offer From Another Firm Following Withdrawal Freeze

Singapore-based cryptocurrency exchange Zipmex has announced that it is considering a possible offer from an interested party whom they have not specified. 

Read more: https://vulcanpost.com/797026/singapore-crypto-exchange-zipmex-weighs-offer/

Central Bank of Singapore to Release Cryptocurrency Regulations Plans

Central Bank of Singapore to Release Cryptocurrency Regulations Plans

The Monetary Authority of Singapore (MAS) will be releasing plans next month regarding guidelines to make Singapore a hub for bitcoin and other cryptocurrencies.

Read more: https://bitcoinmagazine.com/markets/singapores-central-bank-to-release-bitcoin-crypto-regulation

 

More Singaporean Businesses Continue to Introduce Crypto Payments

More Singaporean Businesses Continue to Introduce Crypto Payments

A recent survey by Singapore Business Review revealed that six in 10 Singaporean businesses plan to accept crypto payments within the next two years. Companies such as TripleA and FOMO Pay are leading the charge with their payment solutions, making it convenient for traditional retailers to start accepting crypto.

Read more: https://newsazi.com/from-fashion-to-transport-more-spore-businesses-continue-to-introduce-crypto-payments/

 

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