The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has officially begun the beta testing phase for its central bank digital currency (CBDC) interlinking solution. The cross-border financial settlements provider stated that three central banks, including the Hong Kong Monetary...
Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS announced...
Circle has announced a strategic partnership with Grab, a prominent ride-hailing and delivery company in Southeast Asia, to introduce Web3 payment services to consumers in Singapore. 1/ We are excited to unveil our partnership with @GrabSG to pilot #Web3...
The Hong Kong Securities and Futures Commission (SFC) has issued a public warning regarding the activities of JPEX, an unlicenced virtual asset trading platform operating in the region. In a statement released on September 13, 2023, the SFC raised...
Popular messaging platform Telegram has revealed plans to launch a self-custodial cryptocurrency wallet in collaboration with The Open Network (TON). This announcement was made during the Token2049 event in Singapore on September 13, 2023. The new crypto wallet is...
PayPal has once again moved to assert itself in the Web3 payment space by launching an on- and off-ramp integration for merchants and service providers. PayPal, on September 11, 2023, announced that it is introducing an off-ramp service for...
The Bank for International Settlements (BIS) Innovation Hub, the Bank of Israel (BoI), and the Hong Kong Monetary Authority (HKMA) have released a comprehensive report detailing the outcomes of their joint central bank digital currency (CBDC) experiment, known as...
Animoca Brands has successfully secured a $20 million investment to accelerate the development of one of its flagship initiatives, the Mocaverse. The Hong Kong-based game software developer and venture capital firm announced this development in a blog post on...
Bryan Pellegrino, the CEO of LayerZero Labs, has voiced his disappointment with the approach taken by the new management of the bankrupt FTX estate in resolving share ownership issues with LayerZero. The FTX management filed a lawsuit on September...
A Turkish court has sentenced Faruk Fatih Özer, the founder of the failed crypto exchange Thodex, to 11,196 years in a Turkish prison. Özer was sentenced alongside his brother Güven Özer and sister Serap Özer for defrauding the defunct...
