Singapores

Singapore’s ambition to become a hub for digital assets might not work, Vitalik Buterin, co-founder of the Ethereum, said. Singapore's ambition to become a hub for digital assets might not work out because of its skeptical approach toward cryptocurrencies, Vitalik Buterin, co-founder of the Ethereum blockchain platform, said. The city-state's “willingness to make a distinction between blockchain usage and cryptocurrency is like one of those weird things,” he said in a video interview with The Straits Times, published…

Sea Ltd. has cut about 7,000 jobs, or roughly 10% of its workforce, in the past six months as it fights to stem ballooning losses. Sea Ltd. has cut about 7,000 jobs, or roughly 10% of its workforce, in the past six months as it fights to stem ballooning losses and win back investors, according to a person familiar with the matter.Among the S is about 100 positions at Sea's e-commerce arm Shopee, and those affected started to receive notices on Monday, according to people familiar with the matter. The newest cuts are a…

Singapore’s desire to be a hub for the so-called web3 industry conflicts with its proposed curbs on retail crypto trading, Coinbase Global CEO Brian Armstrong said. Singapore's desire to be a hub for the so-called web3 industry conflicts with the city-state's proposed curbs on retail crypto trading, Coinbase Global Inc.'s Chief Executive Officer Brian Armstrong said. “To say Singapore wants to be a web3 hub and then simultaneously say we aren't really going to allow retail to trade” is “incompatible,” Armstrong said…

In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact.Ina Fassbender | Afp | Getty ImagesBEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a Chinese startup despite a dry spell of deals in the country.The startup, Well-Link Technologies, counts Chinese tech company Xiaomi and Chinese gaming star miHoYo as investors, according to business database…

Skyroot Aerospace on Friday revealed that it had raised $51 millon (roughly Rs. 400 crore) from a Singapore-based investor, according to a report. The startup will reportedly use the funding to build the country's first private space launch vehicles (SLV), and accelerate the firm's plans to launch heavy payloads into low-Earth orbit. It is looking to start commercial satellite launches by mid-2023, and has a data and expertise sharing agreement with the Indian Space Research Organisation (ISRO), as per a report. The …

GXS Bank, the digital bank joint venture of ride-hailing firm Grab Holdings and Singapore Telecommunications, launched Singapore's first digital bank for the retail market in the affluent city-state. Nasdaq-listed Grab's rapidly expanding financial services have become a key part of its growth strategy as it seeks to offer banking, digital payments, financing, insurance, food delivery and wealth management services. Grab and tech firm Sea secured "digital full bank" licences in December 2020, allowing the Singaporean…

Singapore’s top financial regulator said cryptocurrencies are “highly hazardous” to many investors, but made clear the city-state still wants to develop and actively promote a digital-asset ecosystem. Ravi Menon, the managing director of the Monetary Authority of Singapore, the country’s central bank, on Monday criticized the trading of cryptocurrencies by individual investors. He said cryptocurrencies lacked the fundamental qualities of money and offered…

Skull and Bones is the next game from developer Ubisoft Singapore, a studio most well known for supporting Ubisoft Montreal and Ubisoft Quebec when it comes to the mainline Assassin's Creed games. Notably, Ubisoft Singapore played a role in adding naval combat to Assassin's Creed, which--for a while--became a staple of the franchise following Assassin's Creed IV: Black Flag. And like Black Flag, Skull and Bones is a pirate game with an emphasis on naval combat."Skull and Bones was never meant to be a…

Singapore’s Changi Airport handled 2.93 million passenger movements in June this year, which is 50.3 percent of its pre-Covid level in June 2019. Meanwhile, the airport’s aircraft movements, including landings and takeoffs, totaled 18,400, which is 58.6 percent of the pre-Covid level in June 2019, while its airfreight throughput registered 163,000 tonnes for the month, rising 1.4 percent year-on-year, Xinhua news agency quoted the Changi Airport Group as saying in a report. In the second quarter of 2022, Changi Airport…

Cake DeFi is now authorized to conduct services for exchanging cryptocurrency and providing crypto custodial wallets in Lithuania Marking its 3rd Anniversary, the company announced that it has paid out over US$317 million to customers, with over US$1 billion of customer assets on its platform, as of end Q1 2022 It is the ambition of Cake DeFi’s co-founders Dr Julian Hosp and U-Zyn Chua to list Cake DeFi on a public stock exchange in the near future to accelerate growth and R&D Cake DeFi also announced a…