Singapore’s financial industry is making significant strides in utilizing blockchain technology to optimize asset management. While often associated with cryptocurrencies, Singapore sees the potential of distributed ledgers beyond digital currencies, focusing on improving efficiency within its institutional finance sector. This…
Triple-A Adds PayPal Stablecoin to Payment Options in Singapore
Triple-A, a leading payments company based in Singapore, is set to enhance its payment services by including PayPal’s stablecoin among the list of tokens accepted for merchant payments. As the first licensed crypto payments company in Singapore, Triple-A has been…
Proposed Regulations for Crypto Service Providers in Singapore
In its ongoing efforts to enhance the regulatory framework for the cryptocurrency industry, the Monetary Authority of Singapore (MAS) has recently released the final tranche of responses to feedback on a consultation paper regarding proposed regulations for crypto service providers.…
Paxos Obtains Regulatory Approval in Singapore for US Dollar Stablecoin Initiative
In a notable stride, Paxos, a forefront blockchain platform, has attained preliminary endorsement from the Monetary Authority of Singapore (MAS) for its venture, Paxos Digital Singapore. This endorsement marks a significant breakthrough, permitting Paxos to extend its stablecoin platform denominated…
Winners of the Singapore World Tour Hackathon Revealed by Aptos
The Aptos network, renowned for its commitment to fostering innovation, recently announced the winners of the Singapore leg of its highly anticipated World Tour Hackathon. On October 27, 2023, Aptos unveiled 14 exceptional projects that excelled in different tracks, showcasing…
Ripple Secures Major Payments Institution License in Singapore
Ripple, a leading cryptocurrency company, announced a significant milestone as it obtained a major payments institution license in Singapore. This strategic move aims to strengthen Ripple’s presence in the Asia-Pacific region and demonstrates its commitment to expanding its regulated crypto…
Three Arrows Capital Co-Founder Su Zhu Arrested in Singapore
In a significant development impacting the cryptocurrency industry, Su Zhu, the co-founder of Three Arrows Capital (3AC), a prominent crypto hedge fund, was recently arrested in Singapore. This arrest comes as a consequence of Su Zhu’s failure to comply with…
Fugitive founder of crypto hedge fund that lost $10 billion arrested in Singapore while attempting to flee
The recent arrest of Su Zhu, a crypto fugitive and co-founder of the now-defunct digital asset hedge fund Three Arrows Capital, has sent shockwaves through the cryptocurrency industry. Zhu was apprehended while attempting to flee Singapore, as disclosed by the…
A Brave New World of Brand Protection: Combating NFTs, the Metaverse, and Blockchain Challenges in Singapore
The nexus of non-fungible tokens, the metaverse, and blockchain technology in today’s fast changing digital ecosystem provides potential and problems for brand protection tactics. It is crucial for companies navigating this brave new world to comprehend the principles of NFTs…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Crypto Hacks Reach $1.58 Billion as Market Values Rise
The world of cryptocurrency has always been a double-edged sword. While the decentralized nature of digital currencies offers a wealth of opportunities, it also presents significant risks, especially in the realm of cybersecurity. In 2024, the crypto industry has seen…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
