Crypto
Crypto.com Plans ‘Thoughtful’ Hiring After Laying off 20% of Workforce Last Year
Crypto.com’s CEO Kris Marszalek outlined the digital-asset exchange’s plans to expand its workforce, in a recent Bloomberg interview. This comes after a period of downsizing in early 2023, where the company cut 20% of its staff following a downturn in
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XVC Tech Announces Strategic Investment in Tradetogether to Enhance Web3 Wealth Management
XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance
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Crypto Adoption in Southeast Asia is On the Rise
Crypto in Southeast Asia is increasingly popular among investors. The region is home to a complex financial landscape that’s characterized by a significant portion of the population being underbanked or unbanked, alongside a digitally-savvy youth demographic with high mobile Internet
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Payment and Crypto Identified as Top Targets for Identity Fraud in Q4 2023
In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. The rise of attacks
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Binance Sets up First-Ever Board in Wake of Legal Settlements
Binance Holdings, operator of a crypto exchange of the same name, has established its first board of directors. The announcement comes as the company seeks to navigate through the aftermath of legal challenges in the United States, including a guilty
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OJK Tightens Crypto Oversight with New Sandbox Requirement
The Indonesian Financial Services Authority (OJK) has issued a new mandate requiring all financial institutions introducing new products and services, including those related to crypto assets, to participate in a regulatory sandbox. This innovation testing and development space is aimed
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What Is Litecoin Mining?
In 2011, Charles Lee launched Litecoin as a cheaper, faster competitor to digital tokens like Bitcoin. Litecoin was designed based on Bitcoin’s source code and is widely considered to be one of the first altcoins on the market. In the
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Binance Discreetly Spins off Venture Arm Months After Richard Teng Steps up as CEO
Global crypto exchange Binance has officially spun off its venture capital and incubation arm – Binance Labs, as reported by The Block. Binance Labs, now standing independently, has adjusted its operational dynamics, ensuring that its staff contracts and organisational structure
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Indonesia’s Ajaib Kripto Witnesses Tenfold Surge in Bitcoin Trading Volume
Ajaib Kripto, the crypto trading application developed by Indonesian investment technology unicorn Ajaib, has announced a significant surge in its Bitcoin trading volume, marking a tenfold increase since the beginning of Q4 2023. According to the company, this development coincides
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OKX Singapore Gets In-Principle MPI License to Offer Crypto, Cross-Border Services
The Singapore subsidiary of cryptocurrency exchange and Web3 technology firm, OKX, known as OKX SG Pte. Ltd., has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX
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