FINTECH companies in the Asia-Pacific raised US$3.33 billion over 186 deals in the first quarter of 2022, surpassing previous deal values and volumes recorded in the March quarter over the past 3 years.
IT started as a small thrill, and hopes that the US$1,000 invested in Terra’s USD (UST) will repeat what Bitcoin did for its investors when it skyrocketed from US$1,000 to US$20,000 in 2017.
STABLECOINS are proving to be not so stable after TerraUSD (UST) which is meant to keep a 1-to-1 peg with the US dollar lost more than 70 percent of its value in a matter of days, burning investors and leaving regulators exasperated that their warnings have fallen on...
BLOCKCHAIN data platform Chainalysis has raised US$170 million in its Series F funding round led by Singapore’s GIC, doubling the platform’s valuation from US$4.2 billion to US$8.6 billion.
SPECULATION is rife as to why Terra’s algorithmic stablecoin experiment crumbled. An understanding of how it was supposed to work may provide some clues as to why it didn’t.
THE volume of green, social, sustainability and sustainability-linked (GSSS) bonds issued globally will likely be flat in 2022, amid greater than anticipated headwinds from broader market conditions, Moody’s ESG Solutions said.
SINGAPORE’s life insurance industry saw a 2 per cent dip in weighted new business premiums to S$1.21 billion in the first quarter of 2022, from S$1.23 billion in the year-ago period.
BILLIONAIRE investors Warren Buffett and Charlie Munger have, again, ruffled feathers in the crypto fraternity with their recent criticism of bitcoin and other cryptocurrencies.
Bank Negara Malaysia has decided to raise the overnight policy rate (OPR) by 25 basis points to 2 per cent, it announced at the end of its third monetary policy meeting of the year on Wednesday (May 11).
MALAYSIA’s central bank made an unexpected move to raise its benchmark interest rate on Wednesday (May 11), which came as a surprise to economists who feel the move could hurt market sentiment and slow down the pace of economic recovery.
