Cryptocurrencies

Innovation and scale are key to standing out in the fray, the report noted.

Another popular crypto exchange, Binance, said in September that it would suspend services on its main platform for users in the city-state.

The breach led to the second largest theft in the history of decentralized finance.

Totality Corp recently raised a USD 1.8 million seed round from Singapore’s Leo Capital and Silicon Valley’s Mayfield Fund.

Cryptocurrencies are not recognized as legal tender in Vietnam, but 21% of people in the country have owned or used blockchain-based assets.

BitOasis is the Middle East and North Africa’s first homegrown crypto exchange, its team says.

Huobi has blocked new account registrations in mainland China since September 24.

Central banks collectively representing 20% of the world’s population are likely to issue general purpose CBDCs in the next three years, per a report by the Bank for International Settlements.