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Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON

Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRONSingapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON. The announcement was first made by Justin Sun on social media. Drawing parallels between Sunny’s role on the football field and his new position, Sun expressed confidence that just as Sunny defends the goal line […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows

CBDC Interest Climbs Steadily Over Five Years, Google Trends Data ShowsGoogle Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement

BIS Plans Instant Cross-Border Payments Using Wholesale CBDC SettlementIn a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum

Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in EthereumThis weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Deutsche Bank joins Singapore’s asset tokenization project

Deutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest stablecoin, Tether.

Update May 14, 12:35 UTC: This article has been updated to include quotes from Interop Labs CEO Sergey Gorbunov

Deutsche Bank, a German multinational investment bank, is collaborating with Singapore's central bank on asset tokenization.

Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian, which focuses on asset tokenization in wholesale funding markets and decentralized finance (DeFi) applications.

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Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Singapore Imposes New Rules for Digital Payment Token Services

Singapore Imposes New Rules for Digital Payment Token ServicesSingapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do not fulfill the requirements must cease the activities when the amendments come into […]

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

‘Landmark Year’ for Worldcoin As Eyeball-Scanning Crypto Project Launches in Singapore

‘Landmark Year’ for Worldcoin As Eyeball-Scanning Crypto Project Launches in Singapore

Worldcoin (WLD) has announced its launch in Singapore a week after pausing operations in three other nations. In a new company blog post, Worldcoin – founded by OpenAI CEO Sam Altman – says that its launch in Singapore will cap off a landmark year for the identity verification protocol. “Individuals in Singapore can now verify […]

The post ‘Landmark Year’ for Worldcoin As Eyeball-Scanning Crypto Project Launches in Singapore appeared first on The Daily Hodl.

Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

3AC co-founder Su Zhu set to be released by year-end after court grilling: Report

Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon.

Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported.

Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. 3AC’s joint liquidator, Teneo, said at the time that Zhu was planning to assist on matters related to 3AC, and to help recover assets from the defunct firm.

According to Bloomberg's Dec. 13 report, Zhu faced his first interrogation in Singapore this week, responding to Teneo lawyers in a two-day court hearing. Citing people familiar with the matter, Bloomberg said lawyers sought details about how the fund failed, and the whereabouts of assets. According to Bloomberg’s sources, Zhu is set to be released this month based on standard provisions for good behavior.

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Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook

Singapore releases national AI strategy 2.0, plans for 15,000 AI experts

Singapore released an updated version of its national AI strategy that includes plans for boosting government competency, building a smart nation and increasing compute capacity.

The Singaporean government released its updated national strategy for artificial intelligence (AI) 2.0 on Dec.

Singapore structured its AI strategy into three distinct systems, consisting of ten “enablers,” which drive those systems and then 15 action steps to make the system work.

The updated plan's systematic approach focuses on three main areas of its society, including what it calls “activity drivers,” “people and communities,” and “infrastructure and environment.”

Building a smart nation

Among the action steps is Singapore’s plan to develop new AI “Centers of Excellence” (CoEs) across companies operating in the country to foster “sophisticated AI value creation and usage in key sectors.”

The updated AI plan also has benchmarks of equipping governmental agencies with “specialized knowledge, technical capabilities, and regulatory tools” and "sharpening” AI proficiency in all Singaporean public officers.

According to the vision, Singapore plans to use its government capacity to create resources to support AI adoption in the public sector.

Additionally, it said it plans to boost its quantity of “AI practitioners” or local experts to 15,000 through scaling up AI-specific training programs and technology and AI talent pipelines, and that it “remains open” to global talent.

The report said that various tech training programs centered around AI development have placed over 2,700 individuals in “good jobs” to date.

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Top Trader Warns Capitulation Event in Sight for Solana-Based Dogecoin Rival – Here’s His Outlook