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Bitcoin miners are selling out while crypto is still worth something
Bitcoin miners are tapping into their crypto stashes as a plunge in prices, rising energy costs and more competition bite into profits. Read more…
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Singapore welcomes crypto but will come down hard on ‘bad behavior’
The Monetary Authority of Singapore (MAS) tells crypto players: you’re welcome here, but don’t try any funny business. Read more…
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Singapore opening up to crypto with first three licenses approved
The Monetary Authority of Singapore (MAS) has issued three in-principle approvals for digital payment token (DPT) licenses, which allow companies to offer crypto services Read more…
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Digital finance vision meets hard reality – now what?
The vision and the reality of digital finance are still very different. The paradigm shift is still coming but we need a realistic approach. Read more…
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Stashfin raises $270m to expand neobank platform outside India
Neobanking platform Stashfin has raised $270 million to expand its operations in Southeast Asia and other South Asian markets. Read more…
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Ant and Alibaba are untangling operations amid China crackdown
Ant and Alibaba untangle their operations from each other and independently seek new business as they navigate China’s regulatory crackdown. Read more…
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Crypto lenders hit hard as DeFi returns plunge
As crypto markets tumble, DeFi activity is being hit particularly hard, robbing crypto lenders of their most lucrative returns. Read more…
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Celsius freezes withdrawals and the cryptosphere feels the heat
Bitcoin tumbled on Monday after cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” conditions. Read more…
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Binance is bringing its crypto ecosystem to the Philippines
Crypto exchange Binance is looking to expand its operations in the Philippines as cryptocurrency becomes more and more popular in the country. Read more…
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Ant Group IPO may be back on the table, sources say
China’s central leadership has given a tentative green light to Ant Group to revive its IPO in Shanghai and Hong Kong: sources. Read more…
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Singapore has displaced China as APAC’s top startup ecosystem
Singapore has overtaken China as the top startup ecosystem in the Asia-Pacific region, according to the Global Startup Ecosystem Index 2022. Read more…
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ADDX is first financial firm in Singapore to recognise crypto assets
Singapore-based private securities platform ADDX said it will recognise crypto in their assessment of assets of high-net worth clients. Read more…
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How a Web3 bubble bust could potentially tank the global economy
VCs are throwing money at Web3, but some fear the crypto aspect is creating the conditions for another Great Recession when the bubble bursts. Read more…
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Asia’s wealth managers don’t “get” digital assets yet, says Accenture
A new Accenture survey says wealth managers in Asia aren’t offering digital assets to investors due to a lack of understanding of them. Read more…
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Basel says crypto bank capital rules will be in place by year-end
The Basel Committee will complete work by the end of the year on how much capital banks should hold to cover crypto assets on their books. Read more…
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Digital payments are rising in ASEAN but profits remain elusive
Digital payments are increasingly popular in Southeast Asia, but banks and fintechs aren’t seeing a corresponding increase in revenues. Read more…
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Singapore’s fintech turnover rate is the second worst in the world
Singapore may be a fintech haven, but it is also facing a talent retention problem, says Robert Walters’ latest Global FinTech Talent Report. Read more…
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Zamp gets big-name funding for its plan to help Web3 firms adopt crypto
Former Uber exec Amit Jain is planning a crypto startup called Zamp that has some serious players throwing money at it. Read more…
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CoinSwitch CEO demands regulatory certainty for India’s crypto sector
India needs rules to resolve regulatory uncertainty, protect investors and boost its crypto sector, says CoinSwitch CEO Ashish Singhal. Read more…
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Singapore is gearing up for fintech hiring spree
Singapore’s finance sector expects over 9,400 new jobs to be created this year, a third of them tech-related roles. Read more…
