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UOB Group acquires Citigroup’s consumer business in four ASEAN markets

The transaction covers the consumer banking business of Citi in Indonesia, Malaysia, Thailand, and Vietnam. The agreement comprises its unsecured and secured lending portfolios, wealth management and retail deposit businesses.

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Will stock markets see a historic crash or unprecedented rally in 2022?

Numerous governments and central banks have launched series of fiscal and monetary policies to stimulate the economy while launching various health and security measures to contain COVID-19 and prevent potential casualties and deaths. But…

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Lawmakers address energy consumption of crypto mining

Governments and regulators worldwide are taking measures to address the negative environmental impact of Bitcoin mining.

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DeFi risks and hacks are on the rise

2021 marked two trends in the crypto sector: the massive explosion of crypto-assets and the multitude of hacker attacks that led to significant risks.

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How DeFi and Web 3.0 will shape the future of finance

CEOs and leaders in the banking industry discussed the impact of emerging technologies and innovations on financial service including the development of new decentralised operating models and Web 3.0, the third generation of the internet.

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Ethereum dominates DeFi market, while Terra overtakes BSC as the second largest…

Ethereum, Terra and Binance Smart Chain (BSC), the top three largest DeFi blockchain networks, represented 76.5% of all DeFi activity. Ethereum is facing stiff competition from other DeFi blockchains and is moving to Ethereum 2.0.

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Digital asset outlook 2022: Will the momentum continue?

The total capitalisation of digital assets surged three-fold in 2021, with strong evidence that the momentum is likely to continue into the new year. DeFi users are expected to continue their exponential growth over the next 12 months,…

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Six crypto-CEOs testified before US-lawmakers on digital assets

Six cryptocurrency industry executives appeared before the US Congress to argue that cryptocurrencies hold promise for the future, as regulators mull how to bring the more than $2 trillion market under government oversight.


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