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“# France and Singapore pilot cross-border CBDC transactions ” Financial authorities in France and Singapore are actively exploring the cross-border applications of central bank digital currencies (CBDCs. In a joint announcement on Thursday, the Bank of France and the Monetary Authority of Singapore (MAS) said that they successfully completed a whole cross-border payment and settlement…
“#Smart foam material gives robotic hand the ability to self-repair” SINGAPORE, July 6 – Singapore researchers have developed a smart foam material that allows robots to sense nearby objects and repairs itself when damaged, just like human skin. Artificially innervated foam, or AiFoam, is a highly elastic polymer created by mixing fluoropolymer with a compound…
“# Bybit crypto exchange to impose KYC rules ” Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, is planning to impose Know Your Customer rules. The Singapore-based company posted several statements on introducing major KYC policies on its platform in order to “improve security compliance for all traders.” A spokesperson for Bybit customer…
“# Singapore’s central bank offers cash prizes for digital currency ideas ” The Monetary Authority of Singapore, the country’s central bank and a major financial regulator, is challenging fintech companies to pitch solutions for a central bank digital currency, or CBDC. On Monday, the central bank officially announced a global challenge that seeks new retail CBDC…
“# Operator of China’s first Bitcoin exchange reportedly exits crypto ” BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business…
“# The CBDC promised land: As some governments falter, others press on ” With the crypto market turning up its pace of growth over the last year and a half, the idea behind central bank digital currencies (CBDCs) seems to have gained an increasing amount of traction among many governments and retail banking institutions. In…
“# Singapore’s DBS Bank launches digital bond security token ” Singapore-based multinational banking corporation, DBS Bank, has launched its first-ever security token offering, or STO, by issuing a digital bond. The DBS digital bond has been priced at $11.35 million and comes with a six-month tenor and coupon rate of 0.60% annually. The offering was…
“#World Economic Forum cancels 2021 Singapore event amid pandemic” World Economic Forum organizers say they have decided to cancel their annual gathering — usually held in Davos, Switzerland each year — this year amid concerns related to the COVID-19 pandemic. After multiple attempts to find a proper date and venue, most recently settling on hopes…
“# Singapore’s biggest bank launches crypto trust solution ” DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryptocurrency trust solution amid growing demand for digital assets. After setting up its own crypto exchange in December 2020, the Singaporean banking giant is now expanding its crypto services via…
“#Singapore researchers control Venus flytraps using smartphones” Researchers in Singapore have found a way of controlling a Venus flytrap using electric signals from a smartphone, an innovation they hope will have a range of uses from robotics to employing the plants as environmental sensors. Luo Yifei, a researcher at Singapore’s Nanyang Technological University (NTU), showed…