Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…
Users across the globe have taken to twitter with the #instagramdown hashtag, complaining that the service is down. On Wednesday, users of of Facebook’s photo and video sharing app, Instagram complained of outage. Users across several cities spread across the globe, including London, San Francisco and Singapore took to Twitter complaining about the outage with…
The issue of fake news is important to Singapore given the fact that it is a global financial hub, widespread proliferation of internet, its demographic mix of religious and ethnic populations and that it is scheduled to old elections by early 2021. Ever since it got independence from Britain 50 years ago, Singapore has been…
During the launch Microsoft has cited real world usage of how its augmented-reality goggles made business sense as it reduced travel time and allowed physical inspection across two different geographical location on two different continents. Two years after its launch, Microsoft Corp capitalized on its HoloLens technology and has introduced its augmented-reality goggles for its…
The attack comes despite robust security measures undertaken by Singapore, a highly wired and digitalized state which has made cyber security a core priority since more than a decade. On Monday, on a follow up on Singapore’s worst ever cyber attack which saw personal information of nearly 1.5 million people, including its Prime Minister being…
A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…
In a landmark development that is aimed at streamlining, boosting efficiency and which introduces next-gen technology in the financial services sector, for the first time a government-led efforts along with players from the financial sector industry are collaborating to launch a blockchain-based trade and finance platform. The banking industry is known for its insistence on…
Through this strategic move, Grab is expanding from its core ride-hailing services into other areas including electronic money transfers, loans, payment services and food delivery. Through GrabFresh, it now serves on-demand grocery deliveries. It is targetting revenues of $1 billion by the end of 2018. On Tuesday, in a strategic move that banks on its…
Singapore’s antitrust regulator, the Competition and Consumer Commission of Singapore (CCCS) has threatened Uber Technologies and Grab that it could potentially unwind their deal unless its proposed remedies, or any further remedies, have sufficiently been able to address competition concerns and are practically implementable. On Thursday, in a blow to the Grab-Uber deal, Singapore’s antitrust…
China is making concerted efforts to bridge the strategic gap, vis-a-vis the U.S, that it currently lacks, in manufacturing semiconductors.
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