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.
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).
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, 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.
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 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.
18 countries have developed a detailed set of guidelines on AI cyber security. Participants include the USA, UK, Canada, Italy, France, Germany, Australia, Israel, Japan, New Zealand, Nigeria, Norway, South Korea, and Singapore.
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.
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.
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.
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.
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.
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.
Regulators from the financial markets of Singapore (MAS), Japan (FSA), Switzerland (FINMA), and the United Kingdom (FCA) have formed a partnership to promote the integration of digital assets across various financial sectors.
