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The Monetary Authority of Singapore is exploring blockchain-based payments solution to solve the challenges in cross-border transactions. See related article: Singapore warms up to crypto industry — on its own termsFast factsThe current state of cross-border payments “is slow, costly, opaque, and inefficient, relying on an archaic network of correspondent banks,”
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The livery features McLaren’s Fluro Papaya colorway with neon pink embellishments and dynamic, cyberpunk-inspired engine illustrations. McLaren told CoinDesk that the design represented the emergence of new technologies from the region, such as cryptocurrencies and the broader Web3 sector. Original Source
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Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.” Police Say Do
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SBI Digital Markets, a subsidiary of the digital asset arm of Japan's financial services giant SBI Holdings, has been granted a Capital Markets Services (CMS) license to offer securities and futures trading services in Singapore, according to a Thursday announcement. Original Source
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RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore. The company said the decision to move countries and launch upgrades to their system came after the it rebranded from RRMine
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The move was spurred by tightened restrictions on crypto in China and concerns over the country's Web3 strategy. Source
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The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, o defrauding him. According to the South
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Ether was recently trading near $1,600, a roughly 3% gain over the past 24 hours after the second largest crypto in market value also rallied late. ETH been struggling to hold support above $1,500 for the past few days. Most other cryptos in the CoinDesk top 20 spent much of
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Singapore's state investment fund Temasek, one of the world's largest investors, is to lead a $100 million funding round into non-fungible token (NFT) and metaverse investor Animoca Brands, Bloomberg reported Monday. Source
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The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.Singapore state-owned investment firm Temasek is joining a $100 million funding round for the blockchain and venture studio Animoca Brands, Bloomberg reported on Tuesday. According
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