Cryptocurrencies

China’s exit represents a revenue loss of 30% for Huobi Global, the crypto exchange managed by Huobi Group.

Online broker Futu struggles in crosshairs of Beijing’s regulatory pressure.

Startups are developing blockchain-based projects for sectors such as philanthropy and agriculture.

Cryptocurrencies carry elements of speculation and are not permissible in Islam.

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.