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Ex-Singapore Parliamentarian’s Swiss Company Launches Swiss Franc and Euro Stablecoins

Singapore investor and former parliamentarian Calvin Cheng's newly rebranded Swiss company, Anchored Coins, was granted membership in the Swiss VQF in early 2023. VQF is the largest and oldest cross-industry self-regulatory organisation in Switzerland and is officially recognised by FINMA, the country's financial services watchdog. Anchored Coins is launching a Swiss Franc-backed stablecoin (ACHF) and a Euro-backed stablecoin (AEUR), and will be issued on the Ethereum and BNB Chain blockchains. DCS Card Centre in Singapore is planning to issue credit cards collateralised by AEUR and ACHF. ZURICH, SWITZERLAND, Aug 16,

Illumishare launches presale of its $SRG token, backed by 24/7 live-streamed gold in Abu-Dhabi

[vc_row][vc_column][vc_column_text] Illumishare has partnered with The Private Office of His Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Abu Dhabi Royal Family and is commercially licensed by the Abu-Dhabi authorities [/vc_column_text][vc_images_carousel images="1786951,1786950,1786949" img_size="large"][vc_column_text] Dubai, UAE, November 2022 – Illumishare, a blockchain-based digital asset management ecosystem, announces the official presale of its Abu-Dhabi-licensed $SRG token, which will begin after its unveiling event in Dubai on November 22. The token is backed by 3 uncorrelated assets including gold, stored in a safe room at a bank in Abu-Dhabi and broadcast

China roundup: Games are opium, algorithms need scrutiny

Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The question for the tech news cycle in China these days has become: Who is Beijing’s next target? Regulatory clampdowns are common in China’s tech industry but the breadth of the recent moves has been unprecedented. No major tech giant is exempted and everyone is being attacked from a slightly different angle, but Beijing’s message is clear: Tech businesses are to

Auction for rare Yu-Gi-Oh card canceled after bids exceed $13 million

A Chinese court chose to cancel the auction of a rare Yu-Gi-Oh! card today after public bids reportedly exceeded $13 million. First reported by the South China Morning Post, the card was auctioned off as part of a court auction for the belongings of criminal Zhang Yujie, who in 2020 received a life sentence after being found guilty for embezzling money from a government fund he was managing at the time. The card was believed by bidders to be a rare Blue-Eyes White Dragon that was part of a limited

FanGraphs’ advanced baseball analytics has a new cloud home: MariaDB

Transform 2021 Join us for the world’s leading event about accelerating enterprise transformation with AI and Data July 12-16, 2021 Free Registration Join Transform 2021 for the most important themes in enterprise AI & Data. Learn more. With the 2021 Major League Baseball season opening today, fans will be filling out their scorecards as they return to stadiums for the first time since the COVID-19 pandemic took hold last spring. Of course, the data that is now regularly made available by the MLB goes well beyond the hits, runs, and

How ByteDance plans to crack the gaming industry

For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of millions of users. One area it is targeting is gaming, which has historically been a lucrative business in China’s internet economy. China is the world’s largest gaming market, generating revenues of $40.85 billion in 2020, according to market research firm Newzoo. The United States trailed behind at $36.92 billion. But competition is also intense. Giants Tencent and

India bans 100 more Chinese apps, including PUBG, Baidu, and Tencent’s hit games, as border tensions accelerate

In late June, we covered a story about the India government after it banned 59 Chinese apps including TikTok, WeChat, and UC Browser. Since then tensions between China and India have escalated amid border disputes in the Himalayas.  In June, a border clash between the two nations left 20 Indian soldiers dead. Yesterday, India’s Ministry of Electronics and Information Technology announces a ban on 118 additional Chinese apps with links to China including Tencent’s hit games, PUBG, Baidu, and others. So far, the India government has now banned over 200 mostly Chinese mobile