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CATALIST-listed AOXIN Q&M reports lower revenue of RMB 140m for full year ended 31 December 2022

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Singtel partners UOB and ADDX on largest foreign currency digital bond in Singapore

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Singapore to Impose Restrictions on Russian Financial and Crypto Transactions

singapore-to-impose-restrictions-on-russian-financial-and-crypto-transactions

In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world. Singapore Becomes First Southeast Asian Nation to Impose Sanctions…

The post Singapore to Impose Restrictions on Russian Financial and Crypto Transactions appeared first on Bitcoin News Miner.

Multichain Web3 Social Protocol Atem Network Received $3M Seed Round Investment

Singapore, Feb 22, 2022 - (ACN Newswire) - Singapore based web3 startup Atem Network has recently raised $3 million in its seed round led by INCE Capital. The other investors include GSR Ventures, Mask Network, Mirana Ventures, A&T Capital, Atlas Capital, Foresight Ventures, Zonff Partners, and Michael Zhang, Co-founder of Zhihu.

According to Atem Network, the fund will be used to build a multichain web3 social platform combining decentralized community and social trades. On the platform, group spaces can be initiated based on tokens and NFTs (both classified as crypto assets) allowing users to chat, trade and govern. This will create a community exclusively for crypto and NFT owners with strong mutual interests. Additionally, the team is working on sketching a user portrait layer based on on-chain data to serve different Dapp developers, including group spaces and channel recommendations in Atem. Unlike web2, all values created in this web3 community will be given back to the community members as rewards. Atem's long-term goal is to make full use of on-chain data to serve different Dapp developers and become the go-to one stop solution for the social infrastructure of web3.

Commenting on the fund raising, Leo Li, CEO of Atem Network, said, "We are at the brink of massive changes brought about by Web3 which will undoubtedly become a part of our daily lives in the future. It's our great honor to have the support from the community and participate in this epic trend. We will keep on building great products for the community, and focus on how to better serve community and social trades."

The founding team consists of young professionals with experience across top tier tech firms, investment banks and venture capital. Leo Li is a Tsinghua University alumnus. He worked as a product manager at TikTok and a venture capitalist at INCE Capital before he became an entrepreneur in web3. Eric Chan, COO of the project, former Head of Growth Product at Bybit, has 12 years of experience in finance, technology and crypto exchange sectors and served companies including Meta, TikTok, J.P.Morgan and HSBC.

About Atem Network

Founded in November 2021, the company is currently developing its chat tool product which aims for beta release in mid-March, 2022. Atem Network will be offering its very first 5,000 limited edition NFT passports to the crypto and NFT communities. Anyone who holds the passport will get first-hand experience on the Atem platform and additional future rewards. More information can be found on Atem's page (https://www.atemnet.com).

Social Links
Twitter: https://twitter.com/atem_network
Telegram: https://t.me/atem_official
LinkedIn: https://www.linkedin.com/company/atemnetwork
Discord: https://discord.gg/vdRGVpF7

Media Contact
Company: Atem Network Pte. Ltd.
Contact: Simone, Public Relations Director
E-mail: [email protected]
Website: https://www.atemnet.com/

SOURCE: Atem Network Pte. Ltd.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Ardent Privacy announces new appointments to leadership team

Ardent Privacy, a Maryland, USA and Pune, India -based data privacy technology company, announced key appointments to the team. New appointments will boost Ardent’s capability to expand in new...

(PRWeb February 22, 2022)

Read the full story at https://www.prweb.com/releases/2022/02/prweb18501979.htm

Ukrainian Defense Efforts Bolstered By Crypto Donations

The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or organizations who saw what they called “a crisis.” Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies These groups have seen a significant rise in cryptocurrency funding thanks to Bitcoin. As a result, digital currency is becoming an alternative channel for donors, despite restrictions imposed by traditional financial systems.  Bitcoin allows people worldwide to make connections and create change that lasts far beyond anyone’s donations – crypto contributions can now harness this power. In 2021, non-government organizations and volunteer groups received more than $500,000 worth of Bitcoin as crowdfunding. This marked a 900% increase from 2020.  Since the Ukrainian military was effectively crumbling against the Russian invasion, many citizens have taken up arms to fight. They are called “volunteer groups.” They get funding from private donations. Ukrainian Fundraising Campaigns Receive Crypto Funding  In the modern era, cryptocurrencies are becoming more popular as funding for fundraising campaigns. Elliptic’s study shows that digital currency users can contribute to these types of organizations and receive payment from them more effortlessly than ever before without having any interference or problems with cross-border payments, which makes it very attractive, among other things too. With the potential of their payments being denied, private donors have turned away from bank wires and app payment systems in favor of Bitcoin. Some fundraising campaigns have had accounts closed before due to financial institution restrictions on certain funds raised through that particular means. Relatively new to this type of donation process. Still, it’s becoming more popular among those seeking alternative ways to donate money. Related Reading | Solana’s Outlook Bullish Post Phantom’s Fundraising Round Elliptic has revealed that one of the organizations they’ve uncovered thus far, Come Back Alive– a group that received nearly $200,000 in funding recently from September to December last year–provides support primarily for Ukraine’s army. Cybersecurity organizations have been receiving funding via cryptocurrencies for years now. One such organization is the Ukrainian Cyber Alliance. The group primarily carries out cyber operations against Russia-based hackers and propaganda disseminators. The organization get help from its supporters worldwide through Bitcoin donations or Litecoin mining ventures. They’ve received almost $100 thousand in Bitcoin and other cryptocurrencies to fund their operations against Russia last year. 10,000 Russian Troops Massacred Near Border With Ukraine The recent increase in military deployment near the border between Russia and Ukraine has residents on edge. Russia had stationed more than 10 thousand troops near eastern Donbas since last year when the conflict began following the Maidan revolution. To date, more than 6000 people, including soldiers, have died due to violence. Both sides blame each other for these deaths. Featured image from Pixabay, chart from Tradingview.com  

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