Blockchain
ADDX Set to Expand Private Market Exchange Platform to MENA Region
ADDX, a Singapore-based private market exchange platform, is planning to expand its operations to the Middle East and North Africa (MENA) region. Through this expansion, ADDX will be able to expand access to capital for pre-IPO companies from financial institutions
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Grab Integrates Web3.0 Services, Allows Singapore Users to Set Up Wallets
Southeast Asian ride-hailing super app Grab has integrated Web3.0 services into its platform, allowing users to set up Web3.0 wallets, participate in blockchain rewards programmes, and even make payments using NFTs, according to crypto journalist Wu Blockchain. Grab has yet
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Ant Group Launches New Blockchain Brand ZAN to Support Web3.0 Development
Chinese fintech giant Ant Group has launched a new brand called ZAN, which provides a full suite of blockchain application development products and services for both institutional and individual Web3.0 developers. For institutional customers, ZAN offers a solution to help
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Exploring the Australian CBDC Pilot for Digital Finance Innovation
In the fast-evolving world of payments, where preferences shift and technologies advance, the concept of a Central Bank Digital Currency (CBDC) has emerged as a focal point. This reflects the changing payment dynamics among households and businesses and the concurrent
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Is the World Prepared for Central Bank Digital Currencies?
Digital currencies, especially cryptocurrencies, have taken the world by storm with their volatile value and revolutionary underlying blockchain technology. Amidst this rise, a quieter but significant transition is brewing, led by the world’s central banks: Central Bank Digital Currencies (CBDCs).
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DBS Launches Gamified Metaverse to Raise Awareness on Food Waste
DBS has unveiled a gamified metaverse experience called DBS BetterWorld, which aims to raise awareness of the global food waste challenge and showcase the work done by Businesses for Impact supported by the DBS Foundation to address this. Karen Ngui,
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Strong Support for CBDCs in Emerging Asia, But Concerns Loom
The rise of digital technologies has triggered a paradigm shift in the financial landscape, with central bank digital currencies (CBDCs) emerging as a crucial topic of discussion among policymakers and financial professionals globally. As the opportunities and challenges of incorporating
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Behind Singapore’s Experiment with a Digital Singapore Dollar
A new paper published by the Monetary Authority of Singapore (MAS) on June 21, 2023 introduces the concept of purpose bound money (PBM) and proposes a common protocol for digital money akin to a digital Singapore Dollar focusing on interoperability
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Crypto.com to Set up Global Innovation Lab for Blockchain, WEB3.0 and AI Projects
Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub. The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as
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MAS Outlines Standards for Digital Money in Latest Whitepaper
The Monetary Authority of Singapore (MAS) has proposed a common protocol for digital money as financial institutions and fintech firms are launching trials for purpose bound money (PBM)under different scenarios. In its latest whitepaper, MAS details technical specifications that outline
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