Singapore

J.P.Morgan Chase & Co.’s (NYSE: JPM) Onyx and Apollo Global have teamed up to launch a proof-of-concept (PoC) with Avalanche (CRYPTO: AVAX) under the Monetary Authority of Singapore's Project Guardian, as reported on its blog.  Also Read: JPM Coin Transactions 'Going To Start...

IMF Managing Director Kristalina Georgieva called for faster adoption of central bank digital currencies (CBDCs) to improve sluggish and costly cross-border payments at the Singapore FinTech Festival on Wednesday. Georgieva’s Keynote Address Highlights: During her address,...

The Monetary Authority of Singapore (MAS) will be partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s Financial Conduct Authority (FCA) to advance digital asset pilots. Industry titans BlackRock,...

The Bond Vigilantes Issue Fed Chairman, Powell, implied the Fed was done raising the fed funds rate for now partly because longer-term yields were rising. Excessive Congressional spending is now driving inflation and higher Treasury yields instead of actions by the Federal Reserve. Politicians in...

Crypto mining firm Bitdeer Technologies Group (NASDAQ: BTDR) on Friday announced its board of directors sanctioned a new share repurchase initiative, worth around $2 million. As the crypto industry navigates through dynamic financial landscapes, such strategic financial moves by companies like...

This piece was originally published on October 18th, 2023. Introduction Las Vegas Sands (NYSE: LVS) announced 3Q earnings after the close today, and after more than 3 years of Covid-related weak results, there’s one conclusion we can draw: They’re back. Revenue of $2.8B beat...

Credit Suisse AG has become the target of another money-laundering probe, this time by the Singapore authorities, just months after being taken over by rival UBS Group AG (NYSE: UBS) and following a similar DOJ investigation, according to a Bloomberg report. The investigation has so far yielded...

Coinbase, the largest cryptocurrency exchange in the US, has recently obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator. This licence will allow Coinbase to offer regulated digital payment...

Robert Quartly-Janeiro, Strategy Advisor at crypto exchange Bitrue, says America risks losing out on talent in the digital asset space due to regulatory uncertainties. In an interview with Benzinga, Quartly-Janeiro highlighted the advantages of cryptocurrency, emphasizing its ability to move money...

The 21st century is famously known for the rise of smartphones, social media, GPS navigation, drones and many other things including blockchain and cryptocurrency, two names that have also seen rapid growth.  Blockchain provides a method to secure and distribute knowledge, data ...

Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city's initiative encompasses a range of areas, including blockchain system security, cryptographic techniques, smart contracts and more. The local government believes these...

Singapore-based startup Silent Eight is harnessing the power of artificial intelligence (AI) to assist financial institutions in their battle against money laundering and other financial crimes. And with significant banks like Standard Chartered PLC (OTC: SCBFF) (OTC: SCBFY) and...

Standard Chartered ADR's (OTC: SCBFY) innovation, fintech investment and ventures arm, SC Ventures, launched a digital banking technology solutions provider, Audax Financial Technology. Singapore-headquartered Audax's goal is to push banks deeper in their digital transformation by...

Ripple (CRYPTO: XRP) CEO Brad Garlinghouse revealed the company's legal expenses surged to a staggering $200 million, doubling from the $100 million reported in July 2022. This significant increase underscored the escalating tensions between the cryptocurrency sector and the U.S....

In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin who possess foreign passports. What Happened: According to sources, several financial institutions...