Crypto
Visa: More Than One Third of APAC Consumers Likely to Use DeFi in Next 6 Months
In Asia-Pacific (APAC), though decentralized finance (DeFi) remains a nascent sector, adoption of DeFi services among consumers is growing rapidly, fueled by the region’ burgeoning blockchain and cryptocurrency startup scene. A 2022 survey conducted by Visa and YouGov, which polled
Read More
Crypto Lender Hodlnaut Halts Withdrawals and Drops Its License Application
Cryptocurrency platform Hodlnaut announced that it will be halting withdrawals, token swaps and deposits with immediate effect citing “market conditions” as its reason. The crypto lender said that it will be looking to “stabilise its liquidity and preserve assets” while
Read More
AsiaPay Partners With TripleA to Offer APAC Merchants Crypto Payments Acceptance
AsiaPay, a digital payment service provider and technology vendor in Asia Pacific, announces a new partnership with TripleA, a MAS-licensed cryptocurrency payment gateway service provider in Singapore, to enable merchants to accept crypto payment. Through this partnership, AsiaPay’s merchants can
Read More
Zipmex Allows for Altcoin Withdrawals, Sheds Light on Babel Situation
Singapore-based cryptocurrency exchange Zipmex announced that it will release unaffected digital assets Cardano’s ADA, Solana (SOL) and Ripple’s XRP into its users’ Trade Wallet from 2 August onwards. Tokens in Z Wallet will be debited and the corresponding amount will
Read More
Binance Co-founder Yi He Tapped to Lead US$7.5 Billion VC Arm
Global cryptocurrency exchange Binance announced that its Co-founder Yi He will be the new Head of Binance Labs, its venture capital (VC) arm and incubator. Yi will lead global strategy and the day-to-day operations at Binance Labs. Part of her
Read More
Revolut Singapore Launches Crypto Services, More Than 80 Tokens Now Available
Global financial superapp Revolut has launched its new cryptocurrency service in Singapore, enabling customers to securely buy, hold and sell cryptocurrencies. There are more than 80 tokens available via its app. Revolut had secured in principal approval from the Monetary
Read More
Crypto Firm Vauld Granted 3-Month Moratorium by the Singapore Court
Singapore-based crypto platform Vauld has been granted a three-month moratorium until November 7 by the Singapore High Court to halt its creditors from starting or continuing any legal proceedings against it, according to a report by The Block. This would
Read More
MAS Mulling Stablecoin Regulation in the Wake of TerraUSD and Luna Collapse
The Monetary Authority of Singapore (MAS) is actively reviewing its approach to the regulation of stablecoin in the wake of the collapse of the TerraUSD (UST) and Luna tokens, and will consult the public in the coming months. The regulator
Read More
Zipmex Files Moratoria for All Its Entities to Buy Time for Debt Restructuring
Singapore-based cryptocurrency exchange Zipmex announced that it has filed for for moratoria for all its entities under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 to buy some time to restructure its debts. The entities that have sought
Read More
Sparrow Secures Full License to Provide Digital Payment Token Services
Digital assets trading platform Sparrow announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide Digital Payment Token (DPT) services. Sparrow was previously issued an In-Principle Approval (IPA) from MAS
Read More