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StraitsX, Ant International, and Grab Launch Stablecoin-Powered Cross-Border Payments for Seamless Tourist Transactions in Singapore

In a significant move to streamline cross-border payments in Southeast Asia, StraitsX has launched a stablecoin-powered payment system in collaboration with Ant International and Grab. Designed to facilitate seamless transactions for inbound tourists in Singapore, the new system harnesses the power of blockchain technology and stablecoins, marking a pivotal step in digital finance for the…
November 6, 20240Comments

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Markets

Trump’s Re-Election Sparks Major Surge in Cryptocurrency, Financial Markets

Following Donald Trump’s re-election, markets responded with remarkable enthusiasm, particularly within the cryptocurrency and financial sectors, where significant gains were recorded. Bitcoin soared to a new high of over $75,000, marking an 8% increase. Other digital assets, such as Ethereum and Dogecoin, also experienced notable boosts, with Dogecoin jumping up to 18%. Trump’s shift from…
November 6, 20240Comments

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Markets

Bison Bank Elevates Digital Asset Security with Fireblocks Integration

In a strategic move to bolster digital asset security, Bison Digital Assets, a subsidiary of Lisbon-based Bison Bank, has announced the integration of Fireblocks, an enterprise platform specializing in secure digital asset management. This collaboration is set to redefine Bison's digital asset offerings, fortifying its infrastructure with Fireblocks’ cutting-edge Multi-Party Computation (MPC) technology. The integration…
November 5, 20240Comments

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US Election Sparks Volatility in Bitcoin and Ethereum: Key Insights from Derive.xyz’s October Report

Crypto Markets Brace for Volatility Ahead of US Election, Says Derive.xyz Report As the U.S. presidential election looms, the cryptocurrency market is exhibiting signs of heightened anticipation and potential volatility. Derive.xyz's October 2024 Trading Insights Report provides a deep dive into the critical dynamics shaping Bitcoin (BTC) and Ethereum (ETH) markets during this politically charged…
November 4, 20240Comments

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Bahrain Unveils First Regulated Crypto-Compatible Corporate Bank, Bridging Traditional and Digital Finance

Bahrain Launches First Regulated Crypto-Compatible Corporate Bank, Bridging Traditional and Digital Finance In a groundbreaking move, Singapore Gulf Bank (SGB) has unveiled Bahrain’s first regulated crypto-compatible global corporate banking platform. Backed by Bahrain’s sovereign wealth fund, Mumtalakat, and the influential Whampoa Group from Singapore, SGB is set to revolutionize the financial landscape by seamlessly integrating…
November 4, 20240Comments

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iDenfy Partners with O2Factoring to Boost Financial Security for Entrepreneurs

Vilnius, Lithuania – October 2024 In a strategic move to enhance financial security and streamline compliance processes, iDenfy, a leading ID verification and fraud prevention company based in Lithuania, has partnered with O2Factoring, a Dutch financial service provider specializing in factoring solutions. This collaboration aims to integrate advanced identity verification and Anti-Money Laundering (AML) screening…
November 1, 20240Comments

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Libeara and FundBridge Capital Team Up to Launch Innovative On-Chain Treasury Fund

Singapore, November 1, 2024 – In a significant move bridging traditional finance and blockchain technology, Libeara, a prominent real-world asset (RWA) tokenisation platform supported by SC Ventures, has announced a strategic partnership with FundBridge Capital. This collaboration aims to introduce the Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA Fund”), with Wellington Management Singapore Pte.…
November 1, 20240Comments

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iDenfy Launches Advanced eIDV Solution to Strengthen Identity Verification Across High-Risk Industries

Lithuania-based RegTech company, iDenfy, has introduced a new electronic identity verification solution, or eIDV, tailored to simplify and secure the identity verification process for various high-risk industries. This innovative solution is set to redefine how businesses, particularly in the fintech, crypto, and iGaming sectors, approach Know Your Customer (KYC) procedures. The new eIDV process integrates…
October 29, 20240Comments

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Person holding the Nigerian flag with text overlay: "IMF Backs Nigeria's Crypto Adoption Amid SEC Crackdown"
Markets

IMF Backs Nigeria’s Crypto Adoption Amid SEC Crackdown

The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s adoption of cryptocurrencies, recommending the licensing of global cryptocurrency exchanges. This move aims to address Nigeria's macroeconomic challenges, including currency instability and inflation, while bolstering its position in Africa's burgeoning crypto market​. Nigeria has faced significant economic hurdles, with a notable issue being the discrepancies…
May 21, 20240Comments

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