Understanding PayPal’s Stablecoin ($PYUSD): Mainstream Adoption Win and Centralization Concerns

As the crypto landscape starts to evolve exponentially, PayPal’s recent launch of $PYUSD marks a pivotal milestone for the mainstream adoption of cryptocurrencies. By introducing its own stablecoin, PayPal contributes to the legitimacy of cryptocurrencies as digital payments with its arsenal of 29 million merchants and more, acting as a bridge to the traditional realm […]

Pendle Launches on “Already Vibrant” Optimism, Aims To Spark a New Wave on The Network

Pendle Finance, a DeFi traiblazer at the forefront of liquidity and interest rate derivatives, has proudly announced its strategic expansion onto the Optimism Network. With the honor of being an Optimism Grants finalist, Pendle is poised to bring its cutting-edge solutions to a new realm, starting with the launch of wstETH and Rocket Pool rETH […]

DeFiance Capital Locks in Major Win in 3AC Case: Dispute To Be Heard in Singapore

In a statement published yesterday, DeFiance Capital’s CEO confirmed that the dispute over some $140m is assets with Teneo will be heard in Singapore. Teneo are the liquidators responsible for the Three Arrows Capital estate (3AC), following it’s fall from grace in 2022. The dispute centres around the 3AC estate claiming that DeFiance Capital’s assets […]

Singapore’s Monetary Authority Finalizes Framework for Local Stablecoin Issuers

The Monetary Authority of Singapore (MAS) has today (15th August) finalized its framework for stablecoin regulations, particularly for stablecoin issuers that wish to be recognized and labelled officially as “MAS-regulated stablecoins”. These new regulations will apply to any single-currency stablecoins pegged to the Singapore Dollar or other G10 currencies that are issued in Singapore. Under […]

Asia’s First Web3 Social-focused Summit – DeSoc Unleashed x Web3 Social House SG party 

Tako Protocol’s inaugural DeSoc Unleashed is joining hands with Mask Network’s flagship event Web3 Social House to host the very first Web3 Social Summit on 11 September.  It is set to take place during Asia Crypto Week, alongside the renowned flagship event Token 2049. The timing of the summit aligns Formula 1 Singapore Grand Prix […]

Exposing BALD Coin’s $100M Rug Pull Developer: Debunking Rumored Connections to FTX Co-Founder Sam Bankman-Fried

The past week in crypto began with another hectic whirlwind of events, primarily directed toward Coinbase’s Layer-2 Base network. Not only did the meme coin $BALD stir headlines overnight with its $100M rug-pull, but rumors also began to sprout that it was connected to Sam Bankman-Fried. Additionally, Base’s primary Decentralized Exchange, Leetswap, halted its trading […]

An Unlikely Narrative? Key Findings From Coingecko’s NFT Report 2023

The trading volume of NFTs in Q2 2023 fell by 35% this coupled with the fact that the floor prices of blue chips NFT collections have significantly crashed from their all-time highs(ATHs) further dampens the state of NFTs in this very first NFT market winter. This was revealed in a recent report on blue chip […]

Proof of Space and Time? Here’s How Chia Network (XCH) Takes a Different Approach To Blockchain

Bitcoin consumes an estimated 102.72 terawatt-hours (TWh) of electricity per year equivalent to the energy consumption of Kazakhstan, a country of over 19.4 million people.   The high energy consumption is due to the Proof-of-Work consensus used to secure the Bitcoin blockchain and mine new BTC.  This computational power-intensive consensus is not eco-friendly as Bitcoin’s current […]

TOKEN2049 Singapore Hits 300 Sponsor Milestone, Announces New Headline Speakers 

TOKEN2049, Asia’s premier Web3 and crypto conference, announced a slate of prolific title sponsors and headline speakers for its upcoming Singapore edition. With just 50 days to go in the countdown, TOKEN2049 will take place from 13-14 September 2023 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2023 race weekend.  Heralding […]

Launching A Project? Here Are 10 Smart Contract Auditing Firms in Cryptocurrency

As the world embraces the potential of blockchain technology and cryptocurrencies, security remains a major concern. In 2022 alone, a staggering $3.8 billion was stolen through crypto hacks. Among the hardest-hit targets were decentralized finance (DeFi) protocols, which accounted for 82.1% of all cryptocurrencies stolen by hackers. Source: Chainalysis The trend of hacking and protocol […]

Look out For NFTs, Asset Tokenization in second half of 2023, says KPMG Fintech Report

While funding in the cryptocurrency sector fell to a multi-year low in 2023, there continues to be strong interest in blockchain-based solutions around the world, KPMG highlighted in their H1 2023 Pulse of Fintech report. In tandem with the wider tech sector, crypto and blockchain saw investors taking a softer approach toward it, especially given […]

Crypto is Now Property in Singapore. Here’s What It Means For You

Last week, the Singapore High Court provided a decision in a case involving cryptocurrency exchange ByBit and former contractor, Ms. Ho Kai Xin. While the case itself drew worldwide attention thanks to Ms. Ho fraudulently transferring over $4.2m in crypto assets and other currencies to accounts in her control, headlines were quickly populated with a […]