Amber Group raises $300M to recover from FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default.
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Bitcoin traders cross fingers in hopes that a positive Fed meeting triggers a run to $18K
All eyes are on this week’s Federal Reserve meeting, and BTC traders hope that positive strides against inflation trigger a run to $18,000.
Pakistan launches new laws to expedite CBDC launch by 2025
The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in…
Avalanche to power Alibaba Cloud’s infrastructure services in Asia
Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche's public blockchain platform in Asia.
Uzbekistan issues first crypto licenses to two local ‘crypto stores’
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens.
Could Hong Kong really become China’s proxy in crypto?
With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.
Southeast Asia and DeFi’s Big Bet on the Unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.
Singapore bank DBS uses DeFi to trade FX and state securities
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore.
2 metrics signal the $1T crypto market cap support likely won’t hold
Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence.
Kazakhstan to build central bank digital currency on BNB Chain
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.
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