Paxos, DBS Bank Partner for Singapore Stablecoin Launch
The Monetary Authority of Singapore (MAS) has granted complete regulatory approval to Paxos platform in partnership with Southeast Asia’s largest bank, DBS, for the stablecoin launch. Paxos, the gold-backed stablecoin Pax Gold (PAXG) issuer, has received approval to provide digital payment token services as a Major payment institution from its Singapore subsidiary. The regulatory sanction […]
Singapore Increases Risk Level for Crypto Exchanges
The Monetary Authority of Singapore (MAS) has revised the country’s Terrorism Financing regulations, increasing the risk level for crypto exchange platforms from medium-low to medium-high. The Singaporean regulator published an update to the country’s National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism (CFT) on July 1. The purpose of the […]
ASI Token Merger Phase 1 Kicks off With AGIX, OCEAN
The artificial Superintelligence Alliance (ASI) token merger initiated its initial phase by merging two AI tokens: OCEAN from Ocean Protocol and AGIX from SingularityNET. Phase one of the $7.5 billion token merger saw the AI tokens merge into Fetch.ai’s FET token, resulting in the widespread delisting of the former tokens on all crypto exchanges. ASI […]
Crypto Hacks Decrease by 54.2% in June 2024
There was a 54.2% decrease in net losses from cryptocurrency breaches and exploits in June compared to May, which saw nearly $385 million in losses from crypto hacks. In June, the crypto space experienced approximately 20 malware incidents, resulting in a net loss of nearly $176 million, per data from the crypto analytics firm PeckShield. […]
Charles Hoskinson Raises Concerns Over AI Censorship
Charles Hoskinson, the co-founder Cardano blockchain ecosystem, expressed his concerns regarding the potential for artificial intelligence (AI) censorship and selective training. Hoskinson described the implications of AI censorship as “profound” and a matter of ongoing concern for him. He argued that they lose utility over time due to “alignment” training. The complete truth about gatekeeping […]