The highly anticipated ‘Meet Your Meme’ TOKEN2049 Afterparty, hosted by LBank in collaboration with Shiba Inu, Babydoge, and SaitaChain, concluded with resounding success. The event brought together a vibrant crowd of meme enthusiasts, crypto innovators, and community members for an unforgettable evening filled with fun, creativity, and interactive experiences. Held
BingX, a prominent Singapore-based cryptocurrency exchange, has resumed withdrawal services for digital assets following a hack that resulted in $52 million in losses. Reportedly, the estimated initial loss of the security breach was $43 million. In an official X post on September 20, Chief Product Officer of BingX, Vivien Lin,
Singapore-based cryptocurrency exchange BingX reported a hack in the Asian morning hours of September 20. H2 2024 has seen increasing reports of cryptocurrency hacks to various institutions. While WazirX remains the major scam narrative this year, other firms have also reported hacks. According to BingX Chief Product Officer Vivian Lin’s
Singapore’s largest bank, DBS Bank which has its digital exchange DDEx, is set to enhance its cryptocurrency services by launching over-the-counter options trading for Bitcoin and Ethereum. In a press release on Tuesday, DBS announced that it will provide advanced cryptocurrency trading tools and structured notes to its corporate clients.
OKX, a global cryptocurrency spot, and derivatives exchange which is now fully licensed in Singapore, hires former Monetary Authority of Singapore (MAS) officials as local CEO. OKX’s Singapore entity OKX SG received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows them to offer
A survey found that among countries throughout the world, Singapore has the highest rate of cryptocurrency adoption. With Hong Kong and the UAE following closely behind. Researching the current status of cryptocurrency adoption across nations, the Henley Crypto Adoption Index 2024 was published by the investment migration consulting company Henley
Blockchain technology has begun to see extensive incorporation in several fields over the past months. With increasing awareness of cryptocurrency and blockchain technology, other sectors are identifying ways of integration. Recently, Singapore-based DBS bank launched the pilot of its blockchain-based government grants. Notably, the bank has immersed itself in blockchain
The much-anticipated VC Founders Summit is set to take place on September 21st, bringing together venture capitalists, industry leaders, and innovators to shape the future of investment and entrepreneurship. As a dynamic side event of the renowned Token2049 conference, and coinciding with the excitement of Singapore Formula One Week, this
Providers of digital payment tokens (DPTs) pose serious threats to the integrity of the anti-money-laundering (AML) system, according to Singapore’s most recent Money Laundering National Risk Assessment (MLNRA). Not included in the 2014 report, this one’s 126 pages are packed with additional dangers. Providers of DPT services and traders of
Singapore banks affected by the substantial money laundering announced increased scrutiny of their wealthy customers according to Bloomberg. Leading banks such as Citigroup Inc., and DBS Group Holdings Ltd. are among the banks that are working to tighten security following the attack in 2023. Notably, the money laundering case that
