StraitsX USD (XUSD), a stablecoin linked to the Singapore Dollar, is influencing Southeast Asia's digital payment landscape, developed by StraitsX under Xfers Pte.
StraitsX USD (XUSD), a Singapore Dollar-pegged stablecoin, enhances transaction efficiency and stability in Southeast Asia.
Crypto fraud revenue is projected to reach $12 billion in 2024, driven by pig butchering scams.
Crypto scams are projected to reach $9.9 billion in 2024, driven by 'pig butchering' schemes, a blend of investment and romance frauds. Chainalysis warns the numbers could climb to $12 billion, highlighting the rising sophistication of scammers and the challenges they pose to law enforcement.
Cryptocurrency adoption is rapidly increasing in Southeast Asia, positioning the region as a global cryptocurrency hub.
APAC is leading in cryptocurrency adoption, with levels three times the global average. This increase is seen across financial hubs like Hong Kong and Singapore, as well as emerging Southeast Asian markets, where digital assets are becoming a significant part of daily life.
Bitget launches BitEXC, a trading platform in Vietnam, with localized services, payment methods, and plans for innovative features.
Bitget has launched BitEXC, a new cryptocurrency exchange platform in Vietnam, targeting the growing crypto market in Southeast Asia.
An interview with W3GG CEO Chin Yu explores the future of Web3 gaming in Southeast Asia, focusing on the region's large gaming population and potential for growth in the blockchain space.
Lisk is transitioning from Layer-1 to Layer-2, focusing on scalability and emerging markets. By joining the OP Superchain, it aims to enhance interoperability and accessibility. Their commitment to emerging markets involves partnerships to tackle local challenges. Upcoming goals include mainnet airdrops and implementing fault proofs for decentralization.
Ethereum has launched the Mekong testnet to showcase upcoming Pectra fork updates, set for full release in 2025. Mekong will allow developers and stakers to experiment with new protocol changes in a controlled environment, aiming to improve Ethereum's user experience and reduce disruptions before mainnet integration.
Rooch Network's co-founder, Haichao Zhu, was robbed at knifepoint in Bangkok before Devcon 7. This incident highlights a rise in violent attacks at crypto events. UN reports suggest crypto-related crimes with significant losses in Southeast Asia. Devcon 7 is set for November 12-15.
Abu Dhabi firms Realize and Neovision Wealth Management have launched a fund to tokenize U.S. Treasury bill ETFs, targeting Gulf, Europe, and Southeast Asia investors.
Vietnam has announced a strategy to become a blockchain leader in Southeast Asia, focusing on brand building, testing centers, and human resource development through a five-step action plan involving legal reforms and international collaboration.
A former Philippine mayor is implicated in a $30 million crypto fraud, raising concerns about crypto scam rings in Southeast Asia and Hong Kong.
Hong Kong police arrested 27 people involved in a $46 million crypto romance scam, using deepfake AI to deceive men in Asia. The scammers used advanced technology and fake crypto investments to exploit victims' emotions, reflecting increasing challenges in countering such sophisticated fraud schemes.
The UN warns that Telegram is a major platform for crypto fraud in Southeast Asia, highlighting its usage for money laundering and exchanging stolen data.
UN report highlights Southeast Asian criminal groups' use of cryptocurrency for undetectable crimes, surpassing government control.
The UNODC report highlights an increase in cryptocurrency fraud in Southeast Asia, pointing to crime groups exploiting digital currencies.
The UNODC urges Southeast Asian countries to criminalize unlicensed money service businesses and virtual asset service providers (VASPs).
The UN agency suggests Southeast Asia should criminalize unlicensed Virtual Asset Service Providers (VASPs) to combat cyber fraud linked to illegal gambling transactions.
A UN report highlights how Telegram is impacting organized crime in Southeast Asia. The encrypted messaging platform has altered criminal operations, leading to the arrest of founder Pavel Durov in France for not managing illegal activities on the app.
A UN report highlights a surge in cybercrime in Southeast Asia, focusing on the role of Telegram.
Thousands of Indians have been deceived by false job offers and are now trapped in Southeast Asia's bitcoin fraud and cybercrime networks.
Tether helped the US DOJ seize over $6 million in assets tied to a Southeast Asian crypto-confidence scheme, part of its broader cooperation with law enforcement globally.
Tether collaborated with the U.S. Department of Justice to freeze over 6 million USDT linked to a Southeast Asian fraud case.
The FBI seized over $6 million in stolen cryptocurrency from Southeast Asian scammers who targeted U.S. citizens with fake investment schemes via dating apps, texts, and fraudulent websites.
Tether collaborates with the FBI to recover more than $6 million in stolen crypto from Southeast Asian scammers’ wallets. The fraud affected multiple American victims.
The FBI has successfully reclaimed $6 million swindled by a Southeast Asian fraud network targeting U.S. citizens.
The FBI recovered $6 million from a Southeast Asian fraud ring exploiting social networks and dating apps through 'Pig Butchering' scams. Chad Yarbrough highlights the severe impact of crypto fraud.
The FBI recovered $6 million from a Southeast Asian scam ring, highlighting the rise of cryptocurrency fraud during the COVID-19 pandemic, specifically 'Pig Butchering' scams.
The FBI seized over $6 million in cryptocurrency from a Southeast Asian scam targeting US investors.
