Crypto
Singapore’s Cautionary Roar: Navigating Crypto’s Popularity with Prudence
Singapore is well-known for its proactive approach toward technology adoption and innovation. However, the country’s central bank, the Monetary Authority of Singapore (MAS), has taken a cautious approach to crypto or cryptocurrencies. The MAS views cryptocurrencies as inherently risky due to
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Babel Finance Files for Moratorium, Works on New Stablecoin to Repay US$766M Loss
Hong Kong-based crypto lender Babel Finance has filed applications in the Singapore High Court to buy more time from its creditors for up to six months. The moratorium is intended to allow the restructuring efforts made by Babel Finance in
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Seven Biggest Fintech Frauds of Recent Years: Who Got Caught?
It’s been a tough year for the fintech and crypto industry, and it has been under fire for various reasons. Among other pressures, perhaps the single most damaging aspect to come out of this year has been widespread suspicious activity
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Fiat-Crypto Gateway Alchemy Pay Gets Licenses From Bank Indonesia
Fiat-crypto gateway payment provider Alchemy Pay teamed up with fintech firm Berkah Digital Pembayaran to secure licenses for remittance and fund transfer services from Bank Indonesia. Alchemy Pay said in a statement that the licenses will enable both entities to
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Singapore’s Digital Asset Exchange DigiFT Closes US$10.5M Pre-series A
DigiFT, a decentralised digital asset exchange (DEX) for asset-backed tokens (STO), has closed a US$ 10.5 million Pre-Series A funding round led by Shanda Group, global privately-owned investment group. Other investors include HashKey Capital, Hash Global, Xin Enterprise, the Co-founder
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BIS Unveils New Stablecoin and Defi Monitoring Platform, With Focus on CBDC
The Bank of International Settlements (BIS) Innovation Hub has just unveiled its 2023 priorities, focusing on stablecoins, central bank digital currencies (CBDC), data monitoring, and cybersecurity. Over the past years, the BIS Innovation Hub has been at the forefront of
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DBS Digital Exchange Doubled Customer Base With 80% Surge in Bitcoin Trading
The DBS Digital Exchange (DDEx) reported that its Bitcoin (BTC) trading volume had grown by 80% in 2022 despite the ongoing crypto winter. DDEx had also doubled its customer base in 2022 with close to 1,200 participants registered on the
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Singapore’s FSI Sector Eyes Significant Investments in ESG, Embedded Finance and Defi
In Singapore, c-suite and senior finance executives are planning to invest significantly in embedded finance, environmental, social and governance (ESG) frameworks, and blockchain-related innovations in 2023, confident that these technologies will create new growth opportunities and provide them with an
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Wirex Partners Visa to Expand Crypto Card Offering to Over 40 Countries
Crypto payments platform Wirex has partnered with Visa to directly issue its crypto-enabled debit and prepaid cards to over 40 countries. Wirex will also become a member of Visa in APAC and the UK. The partnership will support further collaboration
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2022’s Devastating Crypto Breaches: Multi-Million Dollar Hacks Shake the Industry
Several high-profile cryptocurrency hacks occurred in 2022, causing significant financial losses for businesses and individuals who held digital assets. According to a recent analysis, the estimated loss from these attacks was a staggering US$3.8 billion, making it the biggest year
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