Tag: Asia
Navigating the Memecoin Mania: Binance Founder Urges Utility Innovation
Binance founder Changpeng Zhao has raised concerns about the current hype surrounding memecoins and is calling for more focus on developing utility-driven tokens. In a recent post on social media, Zhao acknowledged the popularity...
Binance Hits 240 Million Users with Double Institutional Onboarding
Binance, the world's largest cryptocurrency exchange, has announced that its user base has grown to over 240 million globally. This remarkable achievement comes as institutional onboarding has doubled in the past year, contributing to...
Nano Labs Embraces Bitcoin Payments Amid China Policy Change
Nano Labs, a China-based company specializing in crypto mining chip design, has recently made the decision to accept Bitcoin as payment for its products. This move comes in response to the growing demand for...
Bhutan’s $1 Billion Bitcoin Reserve Sparks Speculation on National Adoption
Bhutan, a small Himalayan kingdom, has quietly amassed over $1 billion in Bitcoin reserves, making it a unique player in the world of sovereign wealth. The government-owned Druk Holdings reportedly holds more than 12,500...
Central Bank of Germany Teams Up with Singapore’s Project Guardian to Advance Tokenization and...
The German central bank, also known as Deutsche Bundesbank, has recently joined forces with Singapore's Project Guardian in an effort to advance the tokenization of assets and digital funds. Project Guardian, initiated by the...
Access Stablecoins in Hong Kong: Chinese Nationals Trial
Flare and Red Date Technology are currently running trials in Hong Kong to enable mainland Chinese residents to purchase stablecoins issued by IDA through anonymous registration and compliance with Chinese real-name laws. This initiative...
Revolutionizing Traditional Funding: Binance Labs Invests in BIO Protocol
Binance Labs, the venture capital arm of popular crypto exchange Binance, has recently made a significant investment in BIO Protocol, a blockchain-based platform aiming to revolutionize early-stage scientific research funding. This marks Binance Labs'...
OSL Group Expands into Japan with CoinBest Acquisition
OSL Group, a leading financial services provider, has recently made a strategic move by expanding into the Japanese market through the acquisition of CoinBest, a local crypto exchange. This acquisition, which includes an 81.38%...
Tokenization Commercialization Drive in Singapore
The Monetary Authority of Singapore (MAS) has announced plans to advance tokenization in financial services. This initiative includes forming commercial networks to deepen liquidity of tokenized assets, developing an ecosystem of market infrastructures, fostering...
