Republic

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,

Paribus. Trust Less.

One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

Too Big to Fail?

Several weeks ago we covered Credit Suisse in some of our articles about risk management and regulations. This week they’ve been in the news again for all the wrong reasons, which may have an impact on the crypto market. Once the darling of Wall Street, Credit Suisse is rapidly turning into its nemesis. Following several multi-million dollar fines, they’ve lurched from one scandal to another. In September 2021 the UK’s Financial Conduct Authority issued a statement saying, “The Financial Conduct Authority has fined Credit Suisse over £147 million for serious

NIP defeat ENCE 3-1 to win IEM Fall Europe

NIP have been crowned the IEM Fall Europe champions after defeating ENCE in a best-of-five match that was inconsequential in regards to the Major — where they will be the only Swedish team in contention —, but gave the victor a larger portion of the $105,000 prize pool. Read more PGL Major Stockholm team list finalized as Copenhagen Flames claim last spot NIP’s final victory was the cherry on top of a perfect tournament as they went undefeated in all stages, bagging five best-of-ones in the group stage followed by

Heroic secure Major spot, Movistar Riders move on to playoffs at IEM

With the results of the Group B's final matches going the way of Astralis, Movistar Riders and Heroic, three teams finished the group 3-2 and tiebreaker matches decided the final placings of the group. The tiebreakers decided whether Sinners, Heroic and Movistar Riders would progress to the playoffs, play in the 9th-12th decider bracket, or be eliminated. The Spanish team came out on top with two victories and finished second in Group B, while Heroic managed to send Sinners packing in fourth place, despite the result not impacting their own

IEM Fall EU: Who’s still in the running for a Major spot?

The IEM Fall Europe group stage is heading into the final round of matches, where it is still almost all to play for. Out of the 24 teams, three are already confirmed to play in the playoffs — NIP, Copenhagen Flames, and Astralis — while five more are out of the running entirely with fnatic, AURA, Endpoint, MAD Lions, and Sprout no longer able to place in the top three in their respective groups. A win over Fiend would nearly guarantee FaZe a Major spot Any of the other 16

Astralis secure Major spot with victory over Complexity in IEM Fall’s Group B

Astralis have punched their ticket to the Major with a victory over Complexity, while Sinners, who were also 3-0 going into the fourth day of play, missed a chance at securing a berth in the playoffs and may have to fight with two more teams in the group for the coveted second place if they can't beat Astralis in the final day of play. The other two teams still in it to try and make the playoffs are Movistar Riders and Heroic if they beat Endpoint and Complexity, respectively, which

IEM Fall EU: What to look out for in round 4 matches*

Update 18:38 : Corrected the last Group A bullet point. G2 and mousesports both winning would only lock FunPlus Phoenix and AURA out. BIG would be only locked out of contention for top three if they lost to AURA in that case. Update 18:12 : Fiend losing their match would see them place in the bottom three in any scenario and outside of contention for the Major. Round four of IEM Fall Europe, the final Regional Major Ranking tournament ahead of PGL Major Stockholm, is kicking off at 19:00 .

Movistar Riders surprise Complexity, Sinners and Astralis go 3-0 in Group B

Endpoint are out of contention for playoffs, as they will not be able to earn enough points to qualify for the Major due to their 20% points reduction for using a stand-in, having required at least a top-eight finish to have a chance. Sinners continue to impress in Group B with a win over Endpoint on Ancient, putting them 3-0 in the group and edging them one step closer to the playoffs where they could potentially collect enough RMR points to advance into the Major. Meanwhile, in one of the