Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity. With the in-principal approval, Paxos Digital Singapore, the new entity, will offer digital payment token services to Singaporeans. Further, Paxos announced plans to launch a USD-backed stablecoin. In a Thursday statement, Paxos noted that the new USD stablecoin will be compliant with M...

Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023 Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. _ Security news While developers and researchers generally focus on designing and coding the smart contract protocol, 46.5% of all hacks in 2022 in monetary terms occurred via infrastructure, e.g. poor private key ...