Hong Kong’s ZA Bank revealed plans to provide specialized banking services for stablecoin issuers, a strategy it expects to boost local web3 adoption. The Hong Kong-based virtual bank confirmed on April 5 that it is opening up security for fiat reserves, which issuers can use to back digital assets. Additionally, banking services such as fund transfers, payroll...
Last week, a jury in New York declared Terraform Labs and its founder Do Kwon guilty of fraud charges. Meme coins had an average return of 1,312% in the first quarter (Q1), and Ripple wants to launch a USD-backed stablecoin. Here’s our weekly recap. Do Kwon guilty The Do Kwon saga took a new turn this week...
ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. During the conversation, she praised...
Among the top cryptocurrencies to watch in the days ahead are Nervos Network (CKB) and PENDLE, which surpassed multiple resistance levels. In contrast, Wormhole (W) experienced a price decline shortly after its debut. Despite the price increases observed in select cryptocurrencies, the broader market saw a marginal downturn. The global crypto market cap shed over $111...
The price of dog-themed meme coin Dogecoin (DOGE) shot up 10.1% to go above the $0.20 mark over the past 24 hours. The meme coin has been on an upward trend in the last couple of days, gaining 7% on April 6 to surpass $0.18 after a period of stability earlier in the week. Analysts attributed the...
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. LightLink extended the seed round due to high demand from investors. The startup ended up receiving an additional...
SINGAPORE (The Straits Times/ANN): The Ministry of Manpower (MOM) has refuted claims that the ministry and the police had advised the employer of a Bangladeshi worker, who has worked in Singapore for 16 years, to deport him from Singapore. In a statement on Facebook on April 6, MOM said the police are investigating if Md Sharif...
MANILA (Vietnam News/ANN): The World Risk Index (WRI) 2023 put the Philippines at the number one for the most-disaster-prone country in the world, followed by Indonesia and India. According to the report, the Philippines topped the list with the highest disaster risk worldwide point of 46.86/100 WRI, while Indonesia and India spotted at 43.5 and 41.52...
PETALING JAYA: All races should unite and work towards a common goal if they wish to see Selangor becoming a stronger state, says Sultan Sharafuddin Idris Shah. The Sultan of Selangor also urged all Malaysians to be more tolerant of one another in order to preserve social harmony in Selangor. “If Selangor, which consists of multiracial and...
SEPANG: Upon his return from Kota Kinabalu where Dr Muhammad Akmal Saleh had a run-in with the police, the Umno Youth chief says he will continue boycotting KK Super Mart. He also said he would give full cooperation to the police and would give further statements if needed. Dr Akmal said he was ready should he be...
