News list for " Morning Post"
According to the South China Morning Post, dozens of employees in Alibaba's Metaverse division have been laid off as the company restructures and increases efficiency. The company's Metaverse division, which has operations in Shanghai and Hangzhou, was established by Alibaba in 2021 amid a boom in virtual world platforms and related technologies.
According to Lianhe Zaobao, UBS has announced the launch of its first tokenized money market fund globally, with Singapore as the starting point. The UBS Dollar Money Market Investment Fund Token (uMINT) is a money market investment fund based on Ethereum distributed ledger technology (DLT). UBS said the fund provides investors with a risk-controlled institutional cash management solution that supports high-quality money market instruments. Previously, UBS served as the Monetary Authority of Sin...
According to Singapore's Lianhe Zaobao, MasterCard is planning to do away with traditional credit card numbers and adopt "tokenization" technology to combat online fraud. This technology replaces sensitive data such as credit card numbers with randomly generated sequences of numbers (tokens)...
On August 27, according to Singapore's Lianhe Zaobao, a Dutch man set up an investment company in Singapore to carry out a "Ponzi scheme", falsely claiming to cooperate with cryptocurrency mining companies, owned a large number of mining machines, and recruited three people to conspire to defraud more than 700 people for a total of 6.70 million yuan. After one of the accomplices was jailed, the mastermind...
