DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions
The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.
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Bitcoin propels crypto institutional inflows to record $1.5B
Crypto investment products saw record inflows last week of US$1.47 billion, with Bitcoin accounting for 99% of the inflows, according to digital assets fund manager CoinShares. Total crypto assets under management also reached a new peak of US$79.2 billion. Fast facts Bitcoin investment products saw record inflows of US$1.45 billion last week. “The record inflows…
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China’s BSN launches service portal in Hong Kong, Macau with digiXnode
Hong Kong-based blockchain technology company digiXnode Technology Ltd. today officially launched an exclusive service portal — for users in Hong Kong and Macau — that grants access to the Blockchain-based Service Network (BSN), China’s public-private nationwide infrastructure project to spur mass adoption of blockchain technology. Fast facts By subscribing to the service from digiXnode’s website…
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Midnight for crypto in China, but Hong Kong keeps lights on
Mainland China’s recent ban on crypto, the most draconian yet, did not come as a surprise to those in the know, says Angelina Kwan of HashKey Group. How will this affect the crypto hub of Hong Kong?
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Australia’s Senate releases long-awaited crypto report
The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.
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FTX raises $421 million, valuation jumps $7B in 3 months
Just three months after closing a record US$1 billion series B, the two-year-old cryptocurrency exchange is now valued at US$25 billion. Fast facts The US$420,690,000 Series B-1 funding round saw the participation of 69 investors, with prominent names the lineup, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Singapore’s state-owned investment firm…
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Ripple expands cross-border payments using XRP with Tranglo in Asia, Al Ansari Exchange in Middle East
Despite its legal troubles in the U.S., San Francisco-based blockchain payments company Ripple has been pushing ahead to bring faster and cheaper cross-border payments using XRP in Asia and the Middle East. Fast facts Ripple and Tranglo, a Malaysia-based cross-border payments provider, today announced that Tranglo has launched its first live On-Demand Liquidity (ODL) service…
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China’s crypto presence shrinks, while the U.S. rides the tide
More industry players are exiting the Chinese mainland market amid tougher crackdown.
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Atlas expands crypto mining operations in U.S. with Compute North
Singapore-based Atlas Mining today announced that it is expanding its cryptocurrency mining operations in the United States in a multi-year hosting service agreement with Compute North, a U.S.-based cryptocurrency mining infrastructure provider. Fast facts The deal will see Compute North providing over 100 megawatts colocation capacity — enough to power a small city — for…
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Coinhako launches crypto platform for institutions and HNWIs
Singapore-based crypto trading platform Coinhako has launched “Coinhako Privé,” a digital assets platform for high net worth individuals (HNWIs) and institutions, according to a company announcement today. Fast facts The Coinhako Privé platform will provide members with institutional grade digital asset services and white glove services, such as a dedicated relationship manager, personalized support from…