Global Economy


SINGAPORE (Aug 19): “We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level… for the foreseeable future.” — Co-sharing space provider WeWork’s IPO


Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

SINGAPORE (July 22): Bitcoin slumped more than 10% last weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin.


Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

SINGAPORE (June 17): When bitcoin was born, it was a symbol of counterculture — a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it is entering the establishment its creators sought to subvert.


No end in sight for crypto sell-off as Bitcoin approaches US$4,000

LONDON (Nov 21): Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to close in on alleged fraud.


Temasek's Vertex invests in Binance to expand in Singapore

DUBAI (Oct 23): Vertex Ventures, the venture capital arm of Temasek Holdings Pte, said it made an investment in digital asset trading platform operator Binance to develop a fiat-to-cryptocurrency exchange in Singapore.


As cryptomining activity grows, so do the malware threats: McAfee Labs

SINGAPORE (Sept 26): Cryptomining malware is a rising factor on the cyber threat landscape, continuing its uptrend throughout the first half of 2018 since McAfee Labs first identified a surge in cryptomining malware growth in 4Q17.


Crypto's 80% plunge is now worse than stocks' dot-com crash

HONG KONG (Sept 13): The Great Crypto Crash of 2018 looks more and more like one for the record books.

Broker's Calls

Y Ventures ICO may be unorthodox, but its merits are not to be ignored: DBS

SINGAPORE (Aug 2): DBS Vickers Securities is maintaining its “buy” call on Catalist-listed Y Ventures Group with an unchanged target price of 77 cents, which is based on 20 times FY19F EV/EBITA and at a 15% discount to larger peers’ 23 times due to


Good cryptos gone bad?

SINGAPORE (July 20): Jorden Tan, an accounts manager at a local job recruitment firm, was introduced to cryptocurrencies by a family member he had met during a relative’s wake last year and he has participated in more than five token sales.


Will regtech take over the global fintech landscape in coming years?

SINGAPORE (Apr 12): Regulation technology (regtech) is set to grow in the coming years, says financial services firm EY in its recent white paper.