Mu Digital, a Web3 platform bringing Asia’s credit markets onchain, announced a Pre-Seed funding round of US$1.5 million. The round – finalized earlier this year – includes participation from global investors across crypto and traditional financial institutions: UOB Venture Management, CMS Holdings, Signum Capital, Cointelegraph Accelerator and Echo. The company
Ripple is making a big move in Asia’s Web3 space by launching a fresh grant initiative aimed at accelerating blockchain innovation in Japan. The company announced on June 9 that it has teamed up with Web3 Salon, a project backed by Japan’s External Trade Organization (JETRO) and driven by the
Crypto accelerator and DAO community published an X article bringing on chain insights for H1 2024. The reports showed that the eastern continents, Asia and Africa have shown increased numbers of crypto-based startups. Over the past months, these regions have also seen advancements in Regulations and new launches within the
Glassnode, the famous crypto analytics firm, recently made a striking observation. Over the past year, a distinct divergence has cropped up in the Bitcoin supply change based on geographical regions. A clear divergence is visible in the year-over-year BTC supply change based on geographical regions. The extreme dominance of US
Matrixport Technologies Pte, one of Asia’s largest crypto lenders, is attempting to seek $100 million in new capital at a $1.5 billion value. Due to the FTX crash, big crypto lenders like BlockFi and Genesis have been experiencing a severe shortage of available funds. Financial backers have pledged at least
According to a Chainanalysis report, in the first half of 2021, Asia accounted for 28% of the overall $1.16 trillion global cryptocurrency transaction volume. Also, data from Messari shows Asian markets accounted for 43% of global cryptocurrency activities with $296 billion in transactions between June 2020 and June 2021. Last
Asia has always been one of the most attractive and exotic destinations for digital nomads, with affordable living costs, fast Internet, the availability of quality western-style healthcare, great weather, and plenty more. It’s not the only region around the world where digital nomads and retired expats have moved to, but
Crypto would only experience rapid development in the narrow sector. DBS has launched an in-house crypto exchange for the first time in the field. More traditional financial institutions are now recognizing Bitcoin and other cryptocurrencies. Like gold, cryptocurrencies like Bitcoin will continue to rise in importance as a store of
China’s political and economic changes dominated last year’s headlines in Asia. The Monetary Authority of Singapore has set a high bar for crypto regulations. Despite China’s unexpected crackdown, Asia’s crypto industry thrived nevertheless, from Singapore to Thailand and Indonesia. Cryptocurrency’s ability to operate outside national borders is one of its
