August 24, 2025 @ 5:30 pm By Michael Wong  |  

The United Arab Emirates’ Cyber Security Council said on Sunday that more than 12,000 security breaches have been recorded across Wi-Fi networks nationwide since January, representing approximately 35% of all cyberattacks in the country this year. The council warned of escalating risks from untrusted wireless… Read More

August 24, 2025 @ 1:01 pm By Michael Wong  |  

Pattern Group, an e-commerce accelerator that helps brands expand across global online marketplaces, filed for a US initial public offering (IPO) after posting a 35% jump in revenue in the first half of 2025. The Lehi, Utah-based company reported net income of $47 million on… Read More

August 24, 2025 @ 11:59 am By Michael Wong  |  

Payments Network Malaysia Sdn Bhd (PayNet), the operator of the country’s national payments network, has expanded its partnership with China’s Ant International to strengthen cross-border digital payments, boost tourism and advance financial technology cooperation. The two firms signed a renewed memorandum of understanding (MoU) that… Read More

August 17, 2025 @ 4:05 pm By Michael Wong  |  

The US Department of the Treasury launched a public comment period seeking input on innovative technologies that financial institutions could use to detect illicit activity involving digital assets, including artificial intelligence and blockchain monitoring tools. The request fulfills requirements under the GENIUS Act, the stablecoin legislation… Read More

August 17, 2025 @ 1:59 pm By Michael Wong  |  

The U.S. National Science Foundation and NVIDIA Corp (NASDAQ:NVDA) announced a $152 million partnership to develop open-source artificial intelligence (AI) models designed to accelerate scientific research and strengthen American leadership in AI innovation. NSF will contribute $75 million while NVIDIA provides $77 million for the… Read More

August 17, 2025 @ 5:07 am By Michael Wong  |  

CourseRev.ai, an artificial intelligence technology company serving the golf industry, said it has secured a strategic investment from The Walden Golf Group as part of its seed funding round. The Walden Golf Group, which owns and operates more than 20 golf courses across the United… Read More

August 16, 2025 @ 9:26 pm By Michael Wong  |  

Thailand will launch a program on Monday allowing foreign visitors to convert cryptocurrency into Thai baht for payments, as the government seeks to revive tourism following a decline in Chinese visitors. The “TouristDigiPay” initiative will be announced at a press conference led by Deputy Prime… Read More

August 16, 2025 @ 8:29 pm By Michael Wong  |  

Global payment platform SUNRATE acquired a payment business license in China following its purchase of a complete stake in Transfar Pay, a subsidiary of Shenzhen-listed Transfar Group. The RMB 315 million ($43.8 million) acquisition received approval from Chinese regulatory authorities. Transfar Group disclosed the transaction… Read More

August 16, 2025 @ 7:36 pm By Michael Wong  |  

Malaysian telecommunications company Axiata Group Berhad signed a memorandum of understanding with Cambodia’s Ministry of Post and Telecommunications to enhance cybersecurity capabilities and develop digital talent in the Southeast Asian nation. The agreement establishes cooperation between Axiata and the ministry across cyber threat intelligence, incident… Read More

August 16, 2025 @ 7:18 pm By Michael Wong  |  

Hong Kong’s central bank and securities regulator issued a joint warning against speculative trading driven by stablecoin licensing announcements and social media posts. The Hong Kong Monetary Authority and Securities and Futures Commission said they observed market movements linked to corporate announcements, news reports, and… Read More

August 16, 2025 @ 10:18 am By Michael Wong  |  

Gemini Space Station, Inc., a cryptocurrency trading platform, filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of Class A common stock. The company has not determined the number of shares or price range for the… Read More

August 11, 2025 @ 5:10 pm By Michael Wong  |  

El Salvador’s Legislative Assembly has approved comprehensive Investment Banking Law legislation establishing specialized financial institutions for high-net-worth and institutional clients. The measure passed with 55 votes during the assembly’s 68th plenary session. The law creates a regulatory framework for investment banks offering asset management, financial… Read More

August 11, 2025 @ 2:46 pm By Michael Wong  |  

Web3 gaming and blockchain company Animoca Brands announced that it has completed a strategic investment in Cool Cats Group, securing majority control of one of the most recognizable NFT collections alongside partner Coin Operated Group. The investment gives Animoca Brands access to Cool Cats, a… Read More

August 11, 2025 @ 3:59 am By Michael Wong  |  

More than 25% of corporate finance teams now use machine learning in quarterly planning processes, with adoption of generative AI accelerating rapidly as companies seek to replace rigid traditional budgeting with autonomous financial systems, according to a new study by consultancy Bain & Company. The… Read More

August 11, 2025 @ 12:54 am By Michael Wong  |  

Singapore-based multi-family office Kamet Capital has completed an $8.4 million Series A investment in artificial intelligence avatar platform TopView.ai, valuing the startup at approximately $30.7 million. The investment represents Kamet’s exclusive backing of the AI-powered content creation platform, which develops technology enabling brands to produce… Read More

August 10, 2025 @ 9:57 pm By Michael Wong  |  

UAE-based business-to-business Fintech startup Alaan has secured $48 million in Series A funding led by Peak XV Partners, formerly Sequoia Capital India, to expand its AI-powered spend management platform across the Middle East and North Africa. The funding round included participation from Pioneer Fund, 885… Read More

August 10, 2025 @ 6:08 pm By Michael Wong  |  

Ant International’s WorldFirst has obtained a Class A Money Services Business license from Bank Negara Malaysia, enabling the company to provide international payment and foreign currency receipt services in the country. The license permits WorldFirst to serve small and medium-sized enterprises conducting cross-border trade operations…. Read More

August 10, 2025 @ 5:53 pm By Michael Wong  |  

HashKey Exchange, Hong Kong’s largest licensed virtual asset trading platform, has formed a strategic partnership with publicly listed IVD Medical Holdings Limited to advance enterprise-level digital asset adoption and explore blockchain integration with industrial capital. IVD Medical Holdings, which trades on the Hong Kong Stock… Read More

August 5, 2025 @ 10:51 pm By Michael Wong  |  

Mubadala Capital, the asset management arm of Abu Dhabi’s Mubadala Investment Company, has joined a $150 million Series C funding round in Anaconda Inc., a US-based provider of open-source infrastructure for artificial intelligence (AI) and data science. The round was led by New York-based growth… Read More

August 3, 2025 @ 10:48 pm By Michael Wong  |  

Taiwan-based artificial intelligence (AI) data center infrastructure firm Zettabyte has raised new strategic funding from Lam Capital, the corporate venture arm of U.S.-based semiconductor equipment supplier Lam Research Corp. The funding round also included participation from major Taiwanese electronics manufacturers Foxconn, Pegatron, and Wistron, the… Read More