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Crypto

Malaysia, Thailand join Singapore\'s Bloom digital currency initiative

Malaysia and Thailand have joined Singapore’s Bloom digital currency initiative, The Defiant reported on Thursday. The report said Visa, Mastercard and the World Bank Group are also included among participating organisations. The expansion focuses on tasks related to a cross-border settlement framework and interoperability. With the participant base widening, Bloom is strengthening its character as a multilateral cooperation effort beyond Singapore. Specific roles and digital currency details were not included.

AI & Enterprise

Remote work boosts birth and employment but jobs at risk, two sides of working from home

Working from home in the United States has moved beyond a temporary arrangement to become a new standard, with its share holding at about 26 percent over the past two years. Researchers and economists cite time savings, expanded employment including for disabled workers, and links to higher birth rates and improved air quality. At the same time, downtown economies have been hit and concerns are rising that fully remote office jobs could be more vulnerable to automation.

Crypto

Singapore crypto market jumps 55 percent, led by institutional trading

Singapore’s cryptocurrency economy was estimated at $284 billion, up 55.4 percent over a year, diverging from a 6.8 percent contraction in the Central and Southern Asia and Oceania region. Growth was led by institutional platform activity, which rose 94 percent to $60 billion and was concentrated among a small number of market makers, OTC firms and institutional brokerages. Elsewhere in Southeast Asia, smaller P2P transfers and stablecoin use stood out.