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Siam Commercial Bank's purchase of crypto exchange Bitkub stalled
Published on 01/08/2022
» A deal to sell a majority stake in Thailand’s largest crypto exchange to the nation’s oldest bank remains stuck in due diligence more than eight months after the plan was unveiled, according to the platform’s co-founder.
Crypto clients beg for their cash back after lender's crash
AFP, Published on 01/08/2022
» WASHINGTON: An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.
Sri Lanka's next test
Asia focus, Published on 01/08/2022
» In a win for democracy, mass protests in Sri Lanka recently led to the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa.
SEC demands Zipmex clarify bankruptcy filing
Online Reporters, Published on 30/07/2022
» The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.
Zipmex files for bankruptcy protection in Singapore
Reuters, Published on 29/07/2022
» SINGAPORE: The cryptocurrency exchange Zipmex said on Friday that it has filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.
Explainer: The lowdown on the Zipmex situation
Business, Janine Phakdeetham, Published on 27/07/2022
» Analysts have commented on the implications on investor confidence and markets following Thailand's major digital asset exchange platform Zipmex's announcement of a memorandum of understanding (MoU) with interested parties.
Zipmex investors face major losses
Business, Published on 22/07/2022
» Akalarp Yimwilai founder and CEO of Zipmex said on Thursday that the exchange’s financial exposure to troubled crypto lenders Babel and Celsius is US$48 million, or 1.7 billion baht, and $5 million, or 184 million baht, respectively, as of July 21. Celsius filed for bankruptcy on July 13.
Market Rout Shows Dangers of Margin Lending, Crypto Style
Business, Published on 22/07/2022
» Eugene Erlikh had about $25,000 in his account at Celsius Networks LLC last September when he borrowed $4,000 in a so-called margin loan to buy cardano, a cryptocurrency.
Crypto woes spread as Celsius, Babel links hit another exchange
Bloomberg News, Published on 21/07/2022
» Zipmex, a cryptocurrency exchange that operates in Singapore and Thailand, has halted withdrawals as the fallout from a series of defaults spreads further throughout the digital-assets industry.
SAS and pilots' unions reach agreement, ending strike
AFP, Published on 19/07/2022
» STOCKHOLM - Scandinavian airline SAS and the unions representing their pilots said Tuesday that they had reached an agreement, ending a two-week strike that has cost the ailing airline between $9 and $12 million a day.