Crypto

Binance CEO Warns of “Cascading Effects” of FTX at Indonesia’s Fintech Summit

The fall of FTX last week will have “cascading effects” on the broader cryptocurrency industry with more companies possibly going belly up in the coming weeks, Changpeng Zhao (CZ), CEO and co-founder of Binance, warned during a recent industry event

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Streaming Platform Bigo Live Partners TripleA to Enable Users to Pay With Crypto

Social live streaming platform Bigo Live has partnered with crypto payment gateway TripleA to enable their users to top up account by paying with cryptocurrencies. The crypto payments, which includes Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC),

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Binance to Set Up Industry Recovery Fund Following FTX’s Collapse, Says CZ

Cryptocurrency exchange giant Binance’s Chief Executive Officer Changpeng ‘CZ’ Zhao announced plans for an industry recovery fund amidst FTX’s staggering collapse in recent weeks. CZ also called upon other like-minded industry players with resources to co-invest in the fund to

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Monetising in the Metaverse: Distant Possibility or Reality?

In the virtual world of the metaverse, people don’t just visit – they inhabit. It’s a place where they can be whoever they want to be and do whatever they want. The term ‘metaverse’ was first coined in a book

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Crypto.com to Issue Credit Cards With Crypto Capabilities in Singapore

Crypto.com is now a Visa associate programme member in Singapore, enabling the company to initiate self-issuance of the Crypto.com Visa card in the country. The Crypto.com Visa Card comes with a cryptocurrency capability and is accepted by more than 80

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Ravi Menon Lays Out Singapore’s Crypto Hub Ambitions at SFF 2022

Singapore wants to be a crypto hub, but only if it means being a hub for sound and well-regulated tokenised and digital assets with value-adding use cases, according to the Monetary Authority of Singapore (MAS). This means discouraging retail investment

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Pundi X Launches Point-of-Sale Machine Supporting Crypto Payments

Blockchain payments company Pundi X has launched XPOS Web 3.0, a point-of-sale machine which supports crypto payments made using third-party blockchain wallets. XPOS Web 3.0 builds on XPOS, the company’s flagship point-of-sale machine enabling brick-and-mortar retailers to accept crypto payments

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BigPay to Enable Users to Top Up Using BTC and ETH

BigPay, a Southeast Asian challenger bank and Capital A venture company, has launched its crypto top-up feature without any hidden fees. The latest offering was rolled out in partnership with TripleA, a licensed crypto payment gateway licensed by the Monetary

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MAS Proposes Measures to Regulate Cryptocurrency Trading and Stablecoins

The Monetary Authority of Singapore (MAS) published two consultation papers proposing regulatory measures for cryptocurrency trading and stablecoins that are to be part of the Payment Services Act. MAS is of the view that cryptocurrencies, which it refers to as

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Could Decentralized Finance (DeFi) Redefine Banking in South East Asia?

Decentralized finance – often called “DeFi” – is a hot topic in the cryptocurrency world, with billions of dollars’ worth of value locked into various protocols and platforms. At its core, the decentralized finance movement aims to upend the decades-old

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