By Anjali Kochhar Cricket, a sport steeped in tradition and history, has witnessed a recent surge in popularity, captivating a global audience with its thrilling matches and iconic moments. Over the past few years, the craze for cricket has reached unprecedented heights, leading to innovative developments in fan engagement. One such innovation making waves is […]

By Sharan Kaur Phillora UBS Asset Management has launched its first blockchain-native tokenized Variable Capital Company (VCC) fund pilot in Singapore, marking a pivotal step in fund tokenization. This initiative falls under the broader venture, Project Guardian, by the Monetary Authority of Singapore (MAS). The endeavor aims to transition diverse “real world assets” on-chain, enhancing

By Anjali Kochhar Recent strides in the crypto sphere within Hong Kong are poised to breathe new life into cryptocurrency activity across East Asia, potentially countering the effects of China’s prolonged anti-crypto stance, according to blockchain analytics firm Chainalysis. Between July 2022 and June 2023, East Asia’s slice of the global crypto transaction pie stood

By Sharan Kaur Phillora In the last year, Hong Kong and China’s over-the-counter (OTC) cryptocurrency markets have showcased robust activity despite the global downturn in crypto markets, known as the crypto winter. Hong Kong’s OTC market generated a significant $64 billion in trading volume, closely trailing China’s $86.4 billion, a noteworthy feat considering Hong Kong’s

By Anjali Kochhar In a groundbreaking move towards bolstering digital security, Brazil is set to roll out its new national identity program leveraging blockchain technology. The initial phase will see Rio de Janeiro, Goiás, and Paraná becoming the first states to issue identification documents through a private blockchain developed by Serpro, Brazil’s national data processing

By Sharan Kaur Phillora As the cross-border payment arena is anticipated to touch the $250 trillion mark by 2027, the primary players, including SWIFT, Ripple (XRP), and Stellar (XLM), are dynamically evolving to meet consumer and business demands. Here’s what we know: SWIFT, the premier global payments network, is exploring the transformative potential of blockchain

By Anjali Kochhar In an era defined by digital innovation, the banking sector is experiencing a monumental shift towards online platforms. RFI Global, a distinguished financial insights provider, unveils pivotal research findings, spotlighting Singapore and Hong Kong as unrivalled global hubs for technology and finance. As the spotlight intensifies, the pressing question arises: which of

September 28, 2023 By Anjali Kochhar In a resounding display of confidence in the digital currency market, MicroStrategy, the renowned business intelligence firm, has fortified its position with a substantial acquisition of bitcoin. The company has invested an additional $147.3 million in the leading cryptocurrency, bringing their total bitcoin holdings to a staggering $4.68 billion.

September 28, 2023 By Sharan Kaur Phillora In a significant collaboration, Binance, a global leader in crypto exchange, is teaming up with Mitsubishi UFJ Trust and Banking Corporation (MUTB), a subsidiary of one of Japan’s largest financial entities, to explore the possibility of launching a groundbreaking stablecoin in Asia.  Here’s what we know: This joint

September 28, 2023 By Anjali Kochhar In response to a surge in illegal activities involving cryptocurrencies, the Indian Ministry of Home Affairs (MHA) is taking proactive measures by developing a cutting-edge crypto intelligence tool. Known as the Cryptocurrency Intelligence and Analysis Tool (CIAT), this initiative is spearheaded by the Indian Cyber Crime Coordination Centre, a