News
China’s e-CNY wallets – mass downloads but few transactions
Two weeks after China’s digital yuan launch, e-CNY wallets have seen mass adoption, yet its actual use in transactions has been low. Read more…
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More small businesses plan to accept crypto payments in 2022
Almost a quarter of small businesses in nine countries plan to accept digital currencies as payment in 2022, according to a survey by Visa. Read more…
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NFTs reached $25 billion in sales last year, more or less
The money spent on NFTs in 2021 is roughly equivalent to the funding made available by the World Bank to buy and deploy COVID-19 vaccines. Read more…
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Payables firm Spenmo on its way to becoming Singapore’s next unicorn
The valuation of Singapore-based payables software startup Spenmo has surpassed $500 million following a $85 million Series B funding round. Read more…
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DeFi drives record cryptocurrency crime surge in 2021
Cryptocurrency-linked crime surged to a record high last year, with the rise in DeFi a big factor in an increase in stolen funds and scams. Read more…
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BDO Unibank accounts hacked to buy Bitcoin via UnionBank accounts
BSP, the Philippines’ central bank, has formed a new task force to probe into recent hacking incidents targeting BDO Unibank. Read more…
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Australia to overhaul payments laws to regulate crypto and BNPL
Australia will create a licensing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency. Read more…
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Dorsey’s Square is now Block (as in blockchain)
Square says it’s changing its name to Block as it looks to expand beyond its payment business and into new technologies like blockchain. Read more…
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DBS fixes online banking outage, then goes down again
DBS faced disruption in its online banking services for a second day, just hours after announcing a fix to the previous day’s outage. Read more…
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India will allow only select cryptocurrencies under upcoming bill
India plans to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in Parliament’s winter session. Read more…
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