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60 articles found
Latest
Bloomberg: Singapore Becomes the World’s Leading Digital Hub
Singapore and Hong Kong have long competed to establish themselves as global hubs for digital assets. Both financial centers have introduced regulatory sandboxes, tokenization initiatives, and legal frameworks to attract crypto companies. Now, one city has emerged as the clear leader.
Singapore Gulf Bank Enters the Stablecoin Market
Singapore Gulf Bank is preparing to acquire a company specializing in stablecoin payments. To fund the acquisition, the bank aims to raise at least $50 million in a new financing round. The deal is expected to close by early 2025.
Paxos Launches New Stablecoin USDG
On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).
DBS Bank Unveils Tokenization Solution for Banking Services
On October 18, 2024, Singapore’s DBS Bank introduced DBS Token Services, a cutting-edge blockchain solution designed to enhance traditional banking services and improve the experience for its institutional clients.
Token2049: Bitcoin Songs, Strip Club Rodeo, and More
Singapore, one of the world's most advanced economies and a leading IT hub in Asia alongside Shanghai and Hong Kong, hosted this year's largest crypto conference, Token2049.
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WhiteBIT Becomes TOKEN2049 Partner for the Second Time
TOKEN2049, one of the largest crypto conferences in the world, will host more than 20,000 participants, 200 speakers, and over 500 side events. The conference will take place in Singapore from September 18 to 19.
The SuperAI Event to Kick Off in Singapore
This weekend the AI industry will come together for SuperAI’s debut event in Singapore. Asia’s biggest AI event will take place at Marina Bay Sands on 5-6 June and will welcome guests and leading industry representatives from companies like Microsoft, Google, Amazon, Boston Dynamics, Nvidia, Salesfroce, and more.
A New iOS Trojan Mines Biometric Data for Deepfakes
Cybersecurity experts at Singapore's Group-IB have uncovered GoldPickaxe, a new trojan preying on iOS users. The trojan harvests a range of data, from personal and financial details to biometric information, later used in AI-generated deepfakes.
Singapore’s PM Caught in Deepfake Crypto Controversy
Singapore Prime Minister Lee Hsien Loong has issued a warning about the spread of deepfake videos where he appears to endorse cryptocurrency investments promising guaranteed returns. He revealed that his deputy has also been targeted by a similar cyber attack.
Crypto Regulations in Singapore
Singapore is recognized as an early adopter and innovator in cryptocurrency regulation. Back in 2019, well ahead of the MiCA regulation, the Monetary Authority of Singapore (MAS) established a set of rules for crypto companies, bringing clarity and legitimacy to digital finance.
Singapore’s Independent Reserve Adds RLUSD to Its Listings
Independent Reserve, Singapore’s trailblazing crypto exchange and the first to obtain a virtual asset broker license, has announced the listing of RLUSD, Ripple’s USD-pegged stablecoin.
QCP: Altseason May Be Just Around the Corner
The trading company QCP from Singapore is predicting an altseason within the next few months. QCP analysts cite optimistic market trends and expected regulatory changes to support their forecast.
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Mandala: BIS’s New Initiative for Smoother Cross-Border Payments
The Bank for International Settlements (BIS) has collaborated with central banks from Australia, Singapore, South Korea, and Malaysia to test Project Mandala—a system designed to enhance cross-border payment speed and efficiency.
Solana Breakpoint 2024: Key Takeaways
Solana Breakpoint 2024, held in Singapore from September 20-21, drew significant attention from Solana enthusiasts. What exciting updates did the platform deliver?
Buterin Encourages Individual Participation in Staking
At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control.
Irene Zhao: Model’s Career in Crypto and Public Controversies
Irene Zhao is a Singapore-based Instagram model and a crypto influencer. She got into crypto in early 2022 when her NFT collection, IreneDAO, had a successful launch with over $5.5 million trading volume, according to data from OpenSea. IreneDAO NFTs drew the attention of YouTuber Logan Paul, who bought around 20 pieces for around $270,000.
Singapore Unveils AR Contact Lenses
Researchers from Nanyang Technological University in Singapore (NTU Singapore) have innovated contact lenses with AR functionalities. These advanced lenses not only project virtual data onto the real world but also harness a novel energy source for their operation.
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imToken Crypto Wallet Contests MAS's Decision
The cryptocurrency wallet imToken's team has released a statement responding to the Singapore Monetary Authority’s (MAS) decision to place the company on its Investor Alert List (IAL). This list is designed to warn potential investors about companies that may be problematic or suspicious.
NTU Researchers Crack Chatbot Censorship Using AI
Researchers from Nanyang Technological University, Singapore (NTU Singapore) have discovered a method to circumvent the censorship of certain artificial intelligence-based chatbots, such as ChatGPT and Google Bard. They created a unique AI tool that generates specific prompts, effectively navigating around these limitations.
Binance's VIP Traders Were Preemptively Informed of Looming Fine
Bloomberg reports that during a private dinner in Singapore, Binance alerted its VIP traders about an anticipated settlement with U.S. authorities, totaling $4.3 billion.
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