August 11, 2023 By Anjali Kochhar Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan, has just revealed a virtual world named Bhutanverse. The project was announced during the FAB23 Bhutan International Conference held in Thimphu. DHI partnered with Smobler from Singapore and The Sandbox, a subsidiary of Hong Kong-based […]

August 11, 2023 By Sharan Kaur Phillora China, in collaboration with Thailand, Hong Kong, and the UAE, is pioneering the mBridge initiative in an ambitious bid to contest the longstanding US dollar (USD) supremacy in international settlements. Here’s what we know:  Historically, the USD has been the quintessential choice for cross-border transactions and international trade

August 10, 2023 By Tsering Namgyal Japanese fintech developer Soramitsu has joined an effort to build a swift, low-cost pan-Asian digital payments system network, leveraging Cambodia’s central bank digital currency, according to Nikkei Asian Review. Soramitsu has a track record in Asian Central Bank Digital Currencies (CBDCs), having supported the issuance of Asian CBDCs Bakong in Cambodia

August 10, 2023 By Anjali Kochhar Hong Kong’s Securities and Futures Commission (SFC) has cautioned investors regarding false claims made by certain cryptocurrency trading platforms about their compliance with the city’s new virtual asset regulatory framework. The SFC emphasised that these platforms falsely assert that they have submitted applications to operate legally under the SFC’s jurisdiction.

August 10, 2023 By Sharan Kaur Phillora One of the art world’s most prestigious and valuable paintings, Salvator Mundi, credited to Leonardo da Vinci, is set to take a digital leap into the realm of non-fungible tokens (NFTs).  Here’s what we know: Last auctioned at a staggering $450.3 million at Christie’s New York, it remains

August 9, 2023 By Sharan Kaur Phillora Bitcoin saw a modest increase in value Tuesday morning in Asia, responding positively to the debut of PayPal’s new U.S. dollar-pegged stablecoin. Despite this, other leading non-stablecoin cryptocurrencies, including Ether and Dogecoin, demonstrated flat to decreased trade activity. Here’s what we know: PayPal’s launch of their stablecoin, the

August 9, 2023 By Anjali Kochhar In a definitive statement, tech billionaire Elon Musk has put an end to years of speculation about Twitter or its rebranded version, X, launching their own cryptocurrency token. Responding to a Twitter user’s post that falsely claimed the launch of a crypto token by Musk and X, he straightforwardly

August 9, 2023 By Anjali Kochhar In a significant move, the Singapore Red Cross has recently announced that it will now accept cryptocurrencies as a form of donation. This humanitarian organisation has teamed up with Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore, to facilitate this new payment method. Cryptocurrencies like

August 8, 2023 By Anjali Kochhar The United States has initiated an investigation into BlackRock, the world’s largest asset management firm, and index provider MSCI due to their investments in blacklisted Chinese companies. The investigation comes after BlackRock’s recent application for a spot Bitcoin ETF was accepted by the Securities and Exchange Commission. According to

August 8, 2023 By Sharan Kaur Phillora The Chinese Communist Party (CCP) recently issued a robust public warning to overseas telecommunications and internet fraud groups, vowing to harness all resources in its fight against illegal and criminal activities. Here’s what we know: The CCP statement detailed how these groups are exploiting innovative technologies and new platforms,