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Latest Results from /markets

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Indian securities depositary suffers malware attack

India's Central Securities Depositary Limited (CSDL) says it has detected malware on its systems.

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GoTo Group cuts 12% of staff

Indonesian tech group, PT GoTo Gojek Tokopedia Tbk, has announced that it will layoff 12% of its staff, amounting to 1,300 employees.

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ASX takes A$250m hit after scrapping DLT-based Chess replacement project

The Australian Securities Exchange (ASX) is pulling the plug on its much-delayed blockchain-based post-trade network, writing off about A$250 million.

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FTX files for US bankruptcy protection; Bankman-Fried quits

Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.

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Binance pulls out of FTX takeover

Binance says it will not go ahead with plans to buy FTX, citing the results of due diligence and reports of US regulatory investigations into its rival crypto exchange.

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G20 urged to intervene to prevent bank funding of fossil fuels

Leading economists, bankers and investors have said G20 leaders must prioritise ambitious regulation to prevent a global financial crash caused by continued financing of the fossil fuel industry.

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UBS launches bond traded on blockchain-based exchange

UBS has launched a CHF375 million digital bond that is publicly traded and settled on both traditional and blockchain-based exchanges.

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Binance to buy troubled rival FTX

Facing up to a liquidity crunch, crypto exchange FTX has agreed to sell itself to rival Binance. Terms have not been disclosed.

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Gate.io launches crypto payment product

US-based Gate.io, one of the largest crypto exchanges in operation, is set to branch out into the payments sector.

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Survey shows support for shorter settlement cycles

The majority of market participants expect the settlement cycle for equities to shorten to T+1 within the next five years, according to recently published research.

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Singapore Fintech Festival 2022: Ethereum’s Vitalik Buterin on the success of The Merge

Ethereum co-founder Vitalik Buterin graced the main stage at Singapore Fintech Festival to highlight successes since The Merge in September 2022.

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Goldman, MSCI and Coin Metrics launch digital asset classification system

Goldman Sachs has joined forces with MSCI and Coin Metrics to launch a classification system, called datonomy, for the digital assets market.