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
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).
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
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.
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
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
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.
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.
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
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
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.
