After the 2024 U.S. election, many billionaires saw significant wealth gains, with Elon Musk's fortune rising by $26.5 billion and Jeff Bezos adding $7.14 billion. However, Bernard Arnault's wealth dropped by $2.85 billion due to struggles in the luxury market.
AnaisFrance’s gambling regulator is reportedly moving to ban Polymarket after it saw $3.5 billion in trades during the recent US election. The platform caught attention due to a French citizen’s large bets, underscoring rising regulatory scrutiny on decentralised betting in areas with strict gambling laws.
KikyoCrypto.com is expanding beyond crypto by launching banking, credit card, and stock trading services, aiming to become a one-stop financial hub. Through its Level Up programme, users will earn rewards across all services, blending traditional and digital finance on a single platform.
AnaisAI supporters are cautiously optimistic about Trump’s win, highlighting the need for thoughtful policy. Trump aims to protect the US’s global AI leadership, a goal many in the sector support. However, leaders stress that innovation must be balanced with strategic regulation.
CatherineMango is using AI-generated avatars in its ads to speed up content creation and reduce costs, replacing some human models. The company is also incorporating AI into design processes to help with tasks like fabric selection and creating clothing, but insists human workers will remain essential.
JoyOCBC has introduced a blockchain-based payment system for Singapore's infrastructure projects, improving payment transparency, security, and efficiency. This system automates mobilisation advance payments, reducing delays and human error, with over S$22 million already disbursed for the Cross Island Line project.
WeatherlyPresident-elect Donald Trump has vowed to replace SEC Chair Gary Gensler, whose strict approach toward crypto has defined his tenure. Who are the possible successors, and is Gensler’s position truly at risk?
CatherineWonderFi CEO Dean Skurka was recently abducted and released after paying a $1M ransom. Skurka confirmed his safety, noting that no company funds or data were impacted. Authorities are investigating, and the case underscores a troubling rise in kidnappings of crypto executives for financial gain.
KikyoTapSwap is launching its skill-based Web3 platform on 30 November 2024, with the aim of transforming the tap-to-earn gaming space by rewarding players for their skills. Despite delays, the platform has gained significant attention, with a growing community and ambitious goals to impact the Web3 gaming world.
AnaisAt this year’s Singapore FinTech Festival, Coinlive explores ZKPAY, an innovative payment method by PlatON, an open financial infrastructure led by the LatticeX Foundation. Using ZKP technology, it enables transactions independent of traditional banking systems and Visa's authentication, enhancing security, privacy, and transaction efficiency.
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