Under Prime Minister Lee Hsien Loong, Singapore has held its own in an era of globalised finance and cutting-edge tech, while continuing his venerated father’s policy of muzzling free media and snuffing out dissent. But the premier announced on Monday that he will step down next month, passing the baton to his deputy Lawrence Wong, the...
DUBAI: Passengers at Dubai Airport are contending with the aftermath of the city's worst flood in 75 years, which has led to disruptions in luggage retrieval. Media reports said that the United Arab Emirates (UAE) witnessed its heaviest rainfall from late Monday through Tuesday night, surpassing anything documented since the start of data collection in 1949. Suzaliana...
Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting all of the assets in it — around $1 billion — into Circle’s stablecoin USD Coin...
Nana Murugesan, the ex-Coinbase executive responsible for international expansion, has joined Matter Labs as president to drive the growth of the zkSync technology. A former executive at Coinbase Global, Nana Murugesan, who was responsible for spearheading the exchange’s global expansion initiatives, has joined Matter Labs, the developer of the zkSync technology, as the inaugural president. In an interview with Bloomberg, Murugesan expressed his...
Emin Gün Sirer of Ava Labs says Avalanche was never marketed as an “Ethereum killer,” stressing though its ability to deploy independent blockchains, unlike Ethereum. The head of Ava Labs, Emin Gün Sirer, says Avalanche “was never ever” designed to be an “Ethereum killer,” adding that the definition was developed by marketing managers at Consensys, a blockchain tech firm...
The Arkansas State House has approved two bills that could see a ban on crypto mining activities within the state. At present, the bills are still under consideration and have yet to progress to full-fledged legislation; they establish the framework for further discussions leading to potential legislation. On April 17, senators held a Senate hearing to discuss general concerns...
Leading crypto exchange, Binance has announced a new airdrop and web3 quest platform dubbed Megadrop. Announced on April 18, Megadrop is primarily a token launch platform that will host airdrops and Web3 quests by integrating the Binance Simple Earn program and the Binance Web3 Wallet. The goal, per Binance, is to make the airdrop experience more engaging for...
Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU). Two sources familiar with the development claim that the exchange has agreed to pay a $2 million penalty to the regulator for non-compliance. However, they did not confirm how the fine has been calculated. India, according to a...
Participants of the Token2049 conference examined trends in consumer web3 applications, noting the growing role of meme coins. During the Emerging Trends in Consumer web3 Apps panel at Token2049 in Dubai, speakers discussed tokenizing user attention and the role of meme coins in this development. Imran Khan from AllianceDAO noted that a new direction is emerging in the blockchain industry today —attention tokenization,...
At the Token2049 conference, blockchain experts debated the Ethereum chain’s current problems. Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai. The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has...
