The Monetary Authority of Singapore (MAS) recently reaffirmed its commitment to promoting technological innovation within the financial sector with the introduction of the latest version of the Financial Sector Technology and Innovation Initiative (FSTI 3.0). This initiative highlights our ongoing efforts to drive advancements and embrace new technologies in the financial industry. below this planMAS will allocate up to $150 million over the next three years to accelerate the adoption of cutting-edge technologies and foster a thriving technology ecosystem within the industry. FSTI 3.0 consists of three new tracks to support projects that leverage new technologies and have regional impact.…
Author: Crypto Flexs
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The High Court of Podgorica, the capital of Montenegro, approved the extradition of Do-Do Kwon, co-founder of Terraform Labs, at the request of Korea and the United States.The court said Friday it was seeking extradition on charges related to financial crimes in both countries. Although Mr. Kwon agreed to be repatriated to Korea, the court added that the final decision on which country will be given priority for repatriation will be made by Montenegro’s Minister of Justice.If the minister approves, Mr. Kwon will be extradited after serving four months in prison in Montenegro on charges of document forgery.Mr. Kwon was…
Tether previously made a similar announcement after losing twice in court while trying to block a June 2021 FOIL request filed by CoinDesk. The request was made during the New York Attorney General’s investigation into claims that USDT, a stablecoin pegged to the U.S. dollar issued by Tether, was not sufficiently backed by reserves from mid-2019 to early 2021, ultimately leading to a settlement of the charges with the company. It is related to: of that period.
Cryptocurrency markets are witnessing notable developments, especially in the world of Bitcoin (BTC) exchange-traded funds (ETFs), which have reached a critical stage. These developments have put Cardano (ADA), a popular cryptocurrency popular for its technological robustness and scientific approach, in the spotlight for its recent price changes and potential growth. The cryptocurrency market’s focus on Bitcoin ETFs reflects growing optimism. The U.S. Securities and Exchange Commission (SEC)’s ever-changing stance on ETFs and the popularity and success of various products such as the ProShares Bitcoin Strategy ETF anticipate the cryptocurrency market to mature. In this regard, Cardano stands out for its…
Inheritance: What happens to your NFTs, digital art, and cryptocurrencies when you die? What happens to your NFTs, digital art, and cryptocurrency when you die? You need to understand how to pass Web3 assets to your children or heirs. How is Web3 inheritance different from traditional inheritance? hello. My name is Wasim Ahmad and I am with Vault12. Today we will talk about inheritance in Web3. You need to be careful with Web3 inheritance because it differs from the relatively simple steps of a traditional inheritance, which involve going to a bank or broker, notifying them that someone has passed…
join us telegram A channel to stay up to date on breaking news coverage The non-fungible token market and the overall cryptocurrency ecosystem are showing signs of recovery after a prolonged bear market. Over the past few months, the NFT market has experienced a severe downturn, which has left many NFTs nearly worthless. In this article, we will evaluate the NFT market situation over the past seven days. Bitcoin ordinal, sales volume leader Data retrieved from on-chain market aggregator CryptoSlam.io indicates that the global NFT market is showing signs of recovery after a prolonged bear market. Over the past seven…
Alchemy Pay, a well-known fiat payment gateway, has reached a notable milestone as it has obtained a financial services license in the US state of Iowa. This achievement, declared on November 23, 2023, follows its previous success in obtaining an Arkansas money transfer service license. Obtaining these licenses is a significant milestone in Alchemy Pay’s ambitions to expand its market presence internationally and evidence of regulatory compliance. The regulatory body responsible for granting financial services licenses is the Iowa Department of Banking. Any business that deals money or exchanges currency in Iowa must hold this license, which is currently included…
that much Convergence of artificial intelligence and blockchain technology This marks a significant moment in the field of computer science. AI, a field that enables machines and software to mimic human intelligence, is characterized by the ability to analyze complex data, solve complex problems, and make informed decisions with limited human input.In the current technological era, global giants such as Microsoft, Google, Apple, and Meta are leading the way in testing and implementing AI systems and bots. This surge in AI adoption is due to its potential to transform a variety of industries, including healthcare, automotive, finance, and most recently,…
The collapse of FTX may have dominated the discourse at DC Fintech Week, but on stage Kraken CEO Dave Ripley insisted the event was merely a bump in the road to a future where finance moves entirely to blockchain. During a panel discussion featuring industry leaders including Galaxy founder Michael Novogratz, Bitso CEO Daniel Vogel, and UniSwap COO Mary-Catherine Lader, Ripley took the lead in laying out how the market is evolving due to the industry’s latest challenges. Moderator Mackenzie Sigalos (CNBC) set the tone by directly asking Ripley an important question: “Is now a good time to be a…
Army of Fortune surpassed 25,000 daily active users in record time, ushering in a new era for gaming. -Chainwire housenewsroomArmy of Fortune surpassed 25,000 daily active users in record time, ushering in a new era for gaming. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying…