Blockchain / Crypto
Binance to commit $1B for “Industry Recovery Initiative” for Web3
Binance, the world's largest cryptocurrency exchange, on Thursday announced the launch of a recovery initiative for the crypto industry, through which the exchange and other participants will evaluate investment opportunities in companies and projects that are facing significant short-term difficulties.
DBS becomes first bank in Asia to complete intraday repurchase transaction on a blockchain based network
Singapore-based bank DBS announced Wednesday that it has become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s intraday repurchase application on Onyx Digital Assets, a blockchain based network which supports instant settlements and maturity of the transactions within hours instead of the current industry norm of one…
Revisiting the Terra crash: The cause and the impact it had
This piece seeks to examine what happened back in May leading up to the Terra crash and the impact it had on the crypto market afterward. But first, let us briefly explore what the Terra network was all about to put things into context.
China’s Xinghuo BIF appoints Malaysia’s MyEG to own and operate Xinghuo International Supernode
China’s national blockchain Xinghuo Blockchain Infrastructure and Facility (XInghuo BIF) has inked an agreement with Malaysian listed digital services firm MY E.G. Services Bhd (MyEG) for MyEG to own and operate the Xinghuo International Supernode (Malaysia) to connect China blockchain to global markets.
Korea’s ambition for launching Layer 1 blockchains will accelerate in 2023
The Layer 1 take-off will force established platforms to re-architect their infrastructure to accommodate new players. Where South Korea has begun to realize this potential for a strengthened user-owned economy, we’re certain that the Layer 1 take-off won’t stay a regional phenomenon for long.
Singapore’s Temasek writes down $275M investment in FTX; says currently have no direct exposure in cryptocurrencies
“In view of FTX’s financial position, we have decided to write down our full investment in FTX, irrespective of the outcome of FTX’s bankruptcy protection filing,” Temasek said.
Bigo Live partners TripleA to enable users pay with crypto
Bigo Live, a Singapore-based social live streaming platforms, has partnered with TripleA, a Singapore-based licensed crypto payment gateway, to enable users to pay with cryptocurrencies.
Singapore’s Web3Re Technologies launches curated metaverse ecosystem
Web3Re Technologies Pte Ltd, a Singapore-based blockchain-as-a-service (BAAS) solutions company, has launched the country’s first curated metaverse ecosystem - Goya Universe, premised on demonstrating how blockchain can be used for good.
Cool Cats partners with Animoca Brands and OneFootball Labs to launch “Cool Cats FC”
Cool Cats Group, the web3 company behind the iconic blue-chip non-fungible token (NFT) collection Cool Cats, Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and OneFootball Labs, a joint venture between Animoca Brands, OneFootball, and Liberty City Ventures, on Friday announced the launch of the new…
Hashkey secures licences to operate virtual asset trading platform in Hong Kong
Hash Blockchain Limited (HBL), a member of the HashKey Group, a digital asset financial services group in Asia, has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a virtual asset trading platform.
