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Singapore
Crypto Chaos Continues; Mass BTC Liquidations in Exchanges Across Asia
The Asian crypto markets continued to struggle as investors turned towards stablecoins to minimize losses. Mass BTC long positions were liquidated across exchanges in Asia, but Singapore-based Bybit tells us that the numbers don’t tell the full story. Meanwhile, decentralized finance lending protocol Maple Finance brings DeFi to institutions.
DBS Digital Asset Exchange Performance; Cardano Connects Africa Online
Since its launch, Singapore’s DBS Bank’s Q1 performance unveiled how its digital assets exchange performed for the first time.
Banks Take on Enterprise Blockchain; WeMade Entrusts Crypto to KODA
Banks are headlining blockchain and distributed ledger technology developments in Singapore as Deutsche Bank and Singapore and Hashtacs, or STACS, announce the completion of Project Benja, which tested an end-to-end bond lifecycle management. In Korea, game developer WeMade is entrusting its USD $130 million crypto holdings to the Kookmin bank-backed custody service KODA.
Binance Under Fire; Internet Giant Naver Takes on South Korea’s CBDC
The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by launching a crypto trust solution. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
FTX CEO on Tokenized Stocks; South Korean Police Officers Want Crypto
FTX CEO goes one-on-one with Forkast.News to talk about tokenized stocks and the importance of licenses to innovate the finance industry. South Korean police officers speak out against anti-crypto policy. Governments such as South Korea continue to grapple with crypto concerns, but Singapore is turning to education over regulation. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
DBS, JPMorgan and Temasek to Create Blockchain-Based Payments Joint Venture
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.
Blockchain Startups From Singapore-Based Tribe Accelerator Raise $70M
Tribe has also attracted new strategic investments from international VCs and added Pfizer as a network partner.
Singapore’s Central Bank Warns Crypto 'Certainly Not Suitable for Retail Investors'
The statement came days after Prime Minister Lee Hsien Loong was caught up in a token scam on blockchain social media platform BitClout.
Binance to Partner With Singapore-Based Platform CapBridge to Broaden Its Services
The legally non-binding agreement indicates the two firms intend to build a strategic STO.
Singapore Uses Blockchain for Verification of COVID-19 Test Results
The city state's Government Technology Agency (GovTech) and Ministry of Health (MOH) have developed a set of open-source digital standards used to issue COVID-19 test results, known as HealthCerts.