Asia 27 | MachinaTrader.com

Citi Collaborates with T.Rowe Price and Fidelity International to Develop Blockchain Solution for FX Trading

Citi, in collaboration with T.Rowe Price and Fidelity International, has developed a blockchain solution for foreign exchange (FX) trading as part of Singapore’s Project Guardian. This marks a significant step in integrating blockchain technology into traditional financial systems, with the potential to revolutionize FX trading. The solution utilizes the Avalanche blockchain for streaming FX prices […]

Singapore’s Monetary Authority Proposes Interlinked Network Model for Digital Asset Interoperability

The Monetary Authority of Singapore (MAS) has released a whitepaper titled “Interlinking Networks” that focuses on interoperability for digital assets. The whitepaper proposes an Interlinked Network Model (INM) that can facilitate the exchange of digital assets across independent networks. This would allow financial institutions to transact with each other without being on the same network, […]

Singapore’s Monetary Authority Launches Asset Tokenization Pilots, Expands Project Guardian

Singapore’s Monetary Authority, MAS, has launched new asset tokenization pilots as part of its efforts to enhance the country’s financial landscape. This move is seen as a significant step towards embracing digital assets and blockchain technology. The pilots aim to explore the potential of tokenizing various assets, such as real estate and private equity, and […]

Kazakhstan Launches Central Bank Digital Currency, Enabling Global Payments with Digital Tenge

The chairman of Kazakhstan’s National Payment Corporation (NPC) has conducted the first transaction using the country’s new central bank digital currency (CBDC), the digital tenge. During a recent speech, he made a payment using a debit card linked to the CBDC account. The digital tenge has been officially launched on the retail market, with plans […]

BGX Invests $90 Million in OSL, Fueling Growth in Digital Asset Market

BC Technology Group, the parent company of OSL, a publicly listed crypto exchange, has received a strategic investment of HK$710 million (approximately $90 million) from BGX, the operator of the BitgetX platform. This investment involves a subscription for shares in BC Technology Group and is subject to approval from BC Technology shareholders. The CEO of […]

Asia-Pacific Economic Cooperation (APEC) Summit Focuses on Sustainable Finance and Digital Assets

The Asia-Pacific Economic Cooperation (APEC) summit kicked off in San Francisco, with a highly anticipated meeting between US President Joe Biden and Chinese leader Xi Ping scheduled for November 15. While the focus of the event is on the regional economy, the finance ministers’ meeting is also of great importance. US Treasury Secretary Janet Yellen […]

Bithumb Prepares for IPO to Challenge Upbit’s Dominance in South Korean Crypto Market

Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading exchange in South Korea, and regain market supremacy. Bithumb’s IPO is expected to take place in 2025. The exchange is undergoing organizational reorganizations, […]

Bithumb Plans 2025 IPO on KOSDAQ to Rebuild Public Trust Amid Leadership Overhaul

South Korean cryptocurrency exchange Bithumb is planning to go public on the Korean Securities Dealers Automated Quotations (KOSDAQ) through an Initial Public Offering (IPO) in 2025. This move is part of Bithumb’s expansion strategy and aims to position the exchange as a strong competitor against Upbit, a major player in the country’s cryptocurrency market. Bithumb […]

New Phishing Scam in China Targets Crypto Users with Fake Skype Video App

A new phishing scam has emerged in China, targeting cryptocurrency users. The scammers are using a fake Skype video app to deceive users and steal their funds. The scam takes advantage of China’s ban on international applications, as mainland users often search for these banned apps through third-party platforms. The hackers have created a fake […]