A 360° view on tech world
Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore […]
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Amber Group, a Sequoia- and Temasek-backed crypto trading firm, has closed a hefty $300 million Series C funding round as the collapse of FTX shakes the crypto world. The news, which the Singapore-based firm announced on Twitter Friday morning, follows on the heels of a Bloomberg report claiming that the crypto trader has ditched a […]
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Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain its status as a global financial hub. The city had last year proposed limiting crypto trade to professional investors, a move that saw many crypto […]
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Singapore may soon require retail investors to take a test and not use credit card payments and other forms of borrowing for trading cryptocurrencies, the central bank proposed on Wednesday in a series of stringent measures as the island nation looks to make citizens aware of the risks surrounding volatile assets. The Monetary Authority of […]
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There’s no shortage of startups trying to make sense of the explosive growth of data generated from blockchain applications. Nansen has the support from a16z to provide on-chain data analysis for crypto investors. The Graph offers an API for developers to query blockchain data. The latest to get VC recognition is KNN3, a Singapore-based startup […]
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When China banned cryptocurrency mining and trading, many saw it as putting an end to a burgeoning industry in the world’s second-largest economy. As it turned out, the country’s crypto investors, developers, and hobbyists continue to play a critical role in building the backbone and applications of web3. The Merge, the much-anticipated network update on Ethereum […]
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The hackers that breached Twilio earlier this month also compromised over 130 organizations during their hacking spree that netted the credentials of close to 10,000 employees. Twilio’s recent network intrusion allowed the hackers access the data of 125 Twilio customers and companies — including end-to-end encrypted messaging app Signal — after tricking employees into handing […]
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There is a host of startups working on decentralized identities for the next generation of the internet. Four Tencent veterans want their offering .bit, an identity protocol built on the blockchain, to become the universal identification system in web3 like how emails and phone numbers became ubiquitous in web2, while giving users control over their […]
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Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to […]
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The collapse of Three Arrow Capital and the counterparties wrapped in the crypto hedge fund’s troubles have drawn questions about the soundness of the heady digital asset investment space. For the industry’s survivors, watching their rivals fall to pieces overnight has been an alarming experience. To understand where the industry might be going after the […]
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