The local branch of Seychelles-based crypto exchange OKX has introduced fee-free deposits and withdrawals of Singapore dollars (SGD) for customers in Singapore, using the country's payment systems PayNow and Fast and Secure Transfers (FAST). The announcement, made on Monday,...
Tether has launched a new platform that allows businesses and individuals to tokenize a range of real-world assets, including stocks, bonds, equities, loyalty points, and stablecoins. The stablecoin issuer noted in a blog post on November 14 that it...
The G20's Financial Stability Board (FSB) have raised issues about the implications of artificial intelligence (AI) on the stability of the global financial sector. In its recent report, the Board highlighted AI's transformative potential and identified significant risks that...
U.S.-based battery materials firm Solidion Technology has announced a strategic shift in its corporate treasury management, which involves committing over 50% of its surplus cash reserves to Bitcoin investments. In a recent press release, Solidion described Bitcoin as a...
Crypto.com is expanding its range of services with the acquisition of Fintek Securities, a licensed Australian brokerage regulated by the Australian Securities and Investments Commission (ASIC). Announced on November 14, this acquisition allows the crypto exchange to offer an...
Hong Kong-based web3 company Animoca Brands has secured an additional $10 million to further develop Mocaverse, a collection of 8,888 unique membership NFTs. This funding forms part of a broader $41.8 million capital raise and includes support from prominent...
Deutsche Telekom AG, the world’s fifth-largest telecommunications provider by revenue, is joining the NEAR ecosystem as part of its Enterprise Node Operators program. In its announcement, the German telecom giant stated it would play a "key role" as a...
Mesh, a U.S.-based fintech backed by PayPal Ventures, has partnered with Reown (formerly WalletConnect) to introduce wallet ownership verification for UTXO-based assets, starting with Bitcoin. In a press release on November 11, the company highlighted that the wallet ownership...
South Korean crypto exchange Korbit has partnered with Coinbase to expand local users’ access to the latter’s Layer 2 blockchain, Base. As reported by Business Korea on November 8, the partnership will allow Korbit users to make direct deposits...
Swiss banking giant UBS has successfully completed a pilot of its blockchain-based payment system, UBS Digital Cash, aimed at improving the efficiency of cross-border transactions. The multinational investment bank announced the achievement on November 7, highlighting that the trial...
