ChainCatcher news, according to 8world, the Singapore Police Force and the Cyber Security Agency issued a joint statement indicating that recently, criminals have been observed using various methods to steal cryptocurrency from victims' wallets. Their common tactics include:Impersonating legitimate entities on social media, using giveaways or promotional activities as bait, and asking victims to "verify" their wallets by sharing login credentials and other personal information.Criminals may also impersonate the owners of cryptocurrency companies, sending malicious links under the pretext of assessing the victims' capabilities in the blockchain field. Once clicked, these links automatically transfer cryptocurrency from the victims' wallets.Additionally, criminals may exploit phishing websites, software vulnerabilities, smart contracts, etc., to invade victims' wallets and steal cryptocurrency.Singapore government agencies urge the public to take preventive measures to protect their wallets, such as: using hardware wallets and other secure offline storage devices; employing strong passwords and two-factor authentication; and regularly checking accounts.If you suspect that you have become a victim, you should immediately contact the cryptocurrency exchange to stop trading or freeze your account if possible; check and revoke any suspicious token authorizations; promptly transfer any remaining cryptocurrency from the affected wallet to another wallet; and report to the relevant authorities.

ChainCatcher news, Kaiko posted on X that after about two years, the "Alameda Gap" has finally disappeared. The liquidity gap left by the collapse of FTX and its sister company Alameda has been filled in U.S. exchanges.

ChainCatcher news, according to Bloomberg, informed sources revealed that Singapore's Gulf Bank is seeking to raise at least $50 million and plans to acquire a stablecoin payment company next year.This startup bank was founded by Singapore's family office Whampoa Group and has been licensed in Bahrain since February. The bank is currently in negotiations with Middle Eastern sovereign wealth funds and other investors, planning to sell less than 10% of its equity before early 2025.Informed sources stated that the proceeds will primarily be used to accelerate product development, enhance the bank's payment network, and hire more staff. They mentioned that Gulf Bank plans to acquire a stablecoin payment company in the Middle East or Europe in the first quarter. A bank spokesperson declined to comment on the financing, valuation, or acquisition plans.

ChainCatcher news, Wintermute Asia recently announced that it will establish a new headquarters in Singapore, doubling its workforce in the Asia-Pacific region. The digital asset derivatives trading division of Wintermute Group stated that it is "actively recruiting top talent that is crucial for expanding the business." (Blockworks)

ChainCatcher news, Blockstream announced the establishment of an asset management department aimed at bridging the gap between Bitcoin and mainstream finance. Hedge fund professional Sean Bill has been appointed as Chief Investment Officer to lead this initiative.

ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher News, the leader of the U.S. government's Efficiency Department, DOGE, Vivek Ramaswamy, posted on social platform X: "The Treasury maintains a 'Do Not Pay (DNP) list' that requires agencies to check it before disbursing funds. The DNP screens for deceased individuals, those in default on federal debts, and excluded contractors.But that's not how it actually works: for example, the Small Business Administration issued over 100,000 forgivable loans to individuals on the DNP list, resulting in $5.3 billion being paid to beneficiaries who may not have been eligible for federal support. The SBA's Inspector General recognized this and recommended that the agency stop this practice, but the current leadership of the agency rejected the proposal. This blatant waste must stop. It's time for DOGE to take action."In response, Musk stated, "The scale and boldness of government fraud is shocking."

ChainCatcher news, OKX announced the integration of Singapore Dollar trading for its Singapore customers. The service was launched on Monday, with OKX connecting its trading platform to the local financial system using payment services provided by DBS Group.Previously, OKX obtained a payment license issued by the Monetary Authority of Singapore, allowing the exchange to offer digital payment token services and cross-border remittance services.

ChainCatcher news, according to PR Newswire, a Sygnum Future Finance survey shows that 57% of institutional investors in Singapore plan to increase their long-term cryptocurrency allocation, while the average level for the survey is 47%.It is reported that the survey participants include Sygnum's institutional client base and investors, as well as various investment professionals from banks, hedge funds, multi-family and single-family offices, DLT foundations, funds, and asset management companies, with the main reason for increasing cryptocurrency investment being optimism about the industry's development trend.

ChainCatcher news, according to official sources, Singaporean crypto investment firm QCP Capital's over-the-counter spot trading division QCP Trading has announced that it has received in-principle approval (IPA) for a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). This approval will allow QCP Trading to prepare for providing regulated digital payment token spot trading services.

ChainCatcher news, QCP Trading has received in-principle approval for a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore. This approval marks an important step for QCP Trading towards formal licensing, enabling it to prepare to offer regulated digital currency spot trading services.

According to ChainCatcher news, UXLINK announced on the official X platform that its investor, United Overseas Bank (UOB) Venture Management and Signum Capital Fund, is optimistic about UXLINK's development in the long term. They will increase their investment in UXLINK and participate in staking, working with UXLINK to build features such as PAYFI based on social relationships, connecting more life scenarios like clothing, food, housing, and transportation with UXLINK, becoming a bridge between future Web2 and Web3 and a brand new way of life.

ChainCatcher news, according to Decrypt, Japan's SBI Digital Markets has strengthened its role in the Monetary Authority of Singapore's (MAS) "Project Guardian," launching a new pilot project aimed at promoting the application of tokenized securities in global markets.The Japanese SBI Group subsidiary is collaborating with financial institutions to develop a cross-border framework for tokenized assets, connecting regulated digital asset exchanges across multiple regions to enhance liquidity and reduce costs. The company announced on Monday that through its fixed income pilot project, SBIDM is creating an international network for securities backed by tokenized assets, covering initial issuance and secondary trading.

ChainCatcher news, according to official sources, the Monetary Authority of Singapore (MAS) has announced plans to promote regulated and trusted tokenized forms of currency as common settlement assets, thereby reducing settlement risks and market fragmentation. It is currently facilitating financial institutions to obtain common settlement assets, including the Singapore dollar wholesale central bank digital currency (CBDC). The initial test network, SGD Testnet, features settlement tools, programmability, and interoperability.The test network SGD Testnet will be open to eligible financial institutions in Project Guardian and Project Orchid. The first batch of participating financial institutions includes DBS Bank, OCBC Bank, Standard Chartered Bank, and UOB, with use cases including payments and securities settlement.

ChainCatcher news, the Monetary Authority of Singapore (MAS) has announced a series of plans to promote the commercialization of asset tokenization in financial services, covering aspects such as market liquidity, infrastructure, industry framework, and settlement convenience.It is reported that under the "Guardian Program," the Monetary Authority of Singapore has convened over 40 financial institutions, industry associations, and international policymakers from seven jurisdictions to conduct industry trials on the use of asset tokenization in capital markets.MAS Vice President Liang Xingqiang stated that MAS encourages financial institutions and policymakers to collaboratively develop industry standards to facilitate the commercialization of tokenized capital market products and the promotion of industry scope.

ChainCatcher news, according to official sources, Paxos announced that it expects to release the first attestation report for the Singapore compliant stablecoin USDG, launched in collaboration with DBS Bank, this month (November 2024). Paxos stated that the attestation report is intended to be issued by the independent third-party accounting firm Enrome LLP, and this review will be conducted according to the standards set by the Singapore Institute of Chartered Accountants.It is reported that Paxos will subsequently release attestation reports monthly, aiming to build community trust and ensure that financial data is completely transparent and reliable.