Our weekly roundup of news from East Asia curates the industry’s most important developments. Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore. From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center
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Digital payments behemothVisa V invested in London-based payments platformForm3 through a commercial partnership. This will enable Visa clients to minimize fraudwhile sending and receiving real-time account-to-account payments with the help of Form3's fraud-detection tools and Visa's AI and risk-scoring features. This association will be built on Form3s single API connectivity. Separately, Form3 will provide Visas
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TradeZero USAhas completed its acquisition of Koonce Securities.Koonce will now clear securities trades for TradeZeros group of broker-dealers. Context: Established in 2015, TradeZero and its U.S., Bahamas, and Canadian subsidiaries offer commission-free stock trading and direct market center access for U.S. equities and equity optionstrading. The firms robust short-selling capabilities, extended trading hours, round-the-clock live
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If there’s “no evidence” of wrongdoing, as many pundits insist, why is the Republican House majority fooling with an impeachment inquiry into President Joe Biden’s business dealings with his son, Hunter? Well, when talking heads say, “no evidence,” they mean “no smoking-gun proof.” And they’re right; the current case against the president probably wouldn’t prevail
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This article was featured in One Story to Read Today, a newsletter in which our editors recommend a single must-read from The Atlantic, Monday through Friday. Sign up for it here. For most of his life , Mitt Romney has nursed a morbid fascination with his own death, suspecting that it might assert itself one
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No one wants to appear before a judge as a criminal defendant. But court is a particularly inhospitable place for Donald Trump, who conceptualizes the value of truth only in terms of whether it is convenient to him. His approach to the world is paradigmatic of what the late philosopher Harry Frankfurt defined as bullshit:
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In a bid to mainstream cryptocurrency transactions, digital currency exchange BTSE unveiled on Fridayits BTSE Card which allows users to top up with cryptocurrencies and then make purchases in fiat across Mastercards merchant network, both online and in physical stores. Users can also withdraw cash from any location where Mastercard MA is accepted,especially within Europe.
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In the world of digital finance, few companies have enjoyed as meteoric a rise as Cash App. With its sleek interface and user-friendly features, Cash App quickly became a favorite among users seeking a convenient way to send and receive money. However, like many tech giants, Cash App's success has been lately marred by data
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Georgia Gov. Brian Kemp has suspended his state’s gasoline tax for one month as prices at the pump continue to increase. Kemp cited high fuel costs and persistent inflation when he declared a legal state of emergency last week and signed an executive order suspending Georgia’s 31.2 cents-per-gallon tax on gas and 35-cents-per-gallon tax on
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Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press
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U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a 6-point drop in August. Anything
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A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the already intractable housing affordability crisis, as homeowners must allocate more of their incomes to
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