Michael Wu: top related news
22.02 / 10:15
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Cryptocurrency crackdown in Singapore or not? Amber gets Temasek funding at $3 bn value
Singaporean state investment firm Temasek Holdings Pte was among investors in a funding round that valued cryptocurrency-trading platform Amber Group at $3 billion, just weeks after the city-state cracked down on marketing by crypto firms. Existing shareholders including Sequoia China, Pantera Capital and Tiger Global Management also took part in the $200 million financing, Singapore-based Amber said in a statement Tuesday. The company, founded in 2018 by five former Morgan Stanley traders, has seen its valuation triple since mid-2021.