SCB 10X

#Weeklynews Update trends in Tech and Startup! 1. Microsoft is advancing its AI, unveiling "autonomous agents" that can perform tasks like sales, customer service, and accounting, set to launch by the end of this year. Source : https://lnkd.in/ghc-uYV6 Image Credit : bloomberg . 2. Emory University has invested over $15 million in the Grayscale Bitcoin Mini Trust and Coinbase, a positive signal for crypto adoption in the academic sector. Source : https://lnkd.in/gJYhyMHg Image Credit : theblock . 3. Variational, a crypto derivatives trading platform, has raised $10.3 million in seed funding to develop a P2P protocol and launch the Omni and Pro apps targeting retail and institutional markets. Source : https://lnkd.in/gnB_auqh Image Credit : theblock . 4. Safe{Wallet} has updated its Smart Accounts to enable cross-chain usage with a single address and gasless deployment, improving digital asset management convenience across multiple blockchains. Source : https://lnkd.in/g8Kjsfjq Image Credit : safe.mirror . 5. Sygnum Bank is expanding to Lugano, Switzerland's "Bitcoin city", and launching the "₿itcoin@Sygnum" project to develop products and research. Source : https://lnkd.in/dGk_5uEy Image Credit : sygnum . 6. Talos has developed a comprehensive Portfolio Management System (PMS) for digital assets, integrating it with their existing OEMS to create an end-to-end investment management platform. Source : https://lnkd.in/g4M6-WPt Image Credit : talos . 7. Garanti BBVA is partnering with Ripple and IBM to enhance their crypto trading platform, focusing on institutional-grade security to meet growing customer demands. Source : https://lnkd.in/gdTa2H7k Image Credit : coingape . 8. Trident Digital has collaborated with Fireblocks to elevate their digital asset services for institutions, covering lending, structured finance, and stablecoin initiatives across multiple chains. Source : https://lnkd.in/gtpGXCUq Image Credit : fireblocks . #SCB10X #AI #Crypto #Blockchain #Bitcoin #News

Stablecoins continue to play a crucial role in international financial transactions. Their price stability, lower fees and increased transparency have led to wider adoption in various sectors this year. Let's update ourselves on the latest stablecoin trends 📈 ✨ . Read more in the linked article https://lnkd.in/g6yzxnfm . #Stablecoin #Crypto #Blockchain #Fintech #DigitalCurrency

#Weeklynews Update trends in Tech and Startup! 1. SCB is the first Thai bank to use stablecoins for international payments through the Bank of Thailand's Regulatory Sandbox. This aims to increase transaction efficiency, reduce costs, and improve access to financial services. Source : https://lnkd.in/eWfbE-qb Image Credit : theblock . 2. Dell Technologies is pushing into the AI market, announcing the delivery of servers with the new Blackwell AI accelerators chips from NVIDIA next month, with general availability in early 2025. Source : https://lnkd.in/gFf_WS6e Image Credit : Nvidia . 3. Yellow Card App, a crypto exchange platform in Africa, has successfully closed its Series C funding round, raising US$33 million. The funds will be used to develop products and expand access to crypto in Africa. Source : https://lnkd.in/gtTCGJif Image Credit : theblock . 4. Pagaya participated in the world-class Fintech event Money20/20, delving into new trends in lending driven by AI, Embedded Payments, and Private Credit, while unlocking the secrets to a more accessible credit system. Source : https://lnkd.in/g7i5k5QT Image Credit : finance.yahoo . 5. Sygnum Bank is supporting Christie's 3.0 in organizing the digital art auction "Bridging Worlds: Digital Art Beyond Borders" from October 23rd to 30th to raise funds for UNHCR to help refugees worldwide. Source : https://lnkd.in/eM8WtKZ2 Image Credit : sygnum . 6. Forta Foundation launches Forta Chain to enhance blockchain security. It prevents attacks with a firewall system that detects and blocks malicious transactions, improves decentralization, and enhances the FORT token. Source : https://lnkd.in/edngYJ2S Image Credit : forta . 7. Ripple collaborates with International Rescue Committee (IRC) to utilize blockchain technology for developing innovative humanitarian aid delivery. This aims to improve efficiency, speed, and security in assisting people worldwide. Source : https://lnkd.in/gTJwKHcB Image Credit : cryptopolitan . 8. Fireblocks integrates Hashnote's USYC as collateral on Deribit via its Off Exchange platform. This marks the first time a major crypto derivatives platform supports tokenized funds. Source : https://lnkd.in/gp-gTGy5 Image Credit : fireblocks . #SCB10X #AI #Crypto #Blockchain #News

(SCB – Siam Commercial Bank), in partnership with SCB 10X, is pleased to announce its collaboration with Lightnet Group to enhance cross-border payments and remittances, by using stablecoin for settlement on the public blockchain network. This groundbreaking project marks Thailand's first use case of stablecoin for cross-border payments and remittances, setting a new standard for the financial services industry. With the integration of Fireblocks' custody technology, the assets are secured at the back end, ensuring top-tier protection and trust between the parties. #SCB10X https://lnkd.in/g_f-vjuk

“Purpose Bound Money” A New Concept in the Digital Finance World 💡💰 . The use of blockchain technology and smart contracts has made “money” and “payments” even smarter. By embedding logic and conditions into digital currencies, this concept is revolutionizing the way we think about finance, presenting a multitude of advantages and new capabilities in the digital economy era. Various forms of “programmability” are being applied to digital currencies, one of which is Purpose-bound Money (PBM), a concept expanded from Project Orchid by the Monetary Authority of Singapore (MAS) for broader use cases. . 🎯 Purpose Bound Money (PBM), or “money with a defined purpose,” is a new innovation in digital finance that allows for specific control over digital spending. Its notable features include increased security, fraud prevention and enhanced trust in business transactions. . 🎯 PBM aims to increase transparency and efficiency in the use of digital money. It operates by setting spending conditions through smart contracts, ensuring that money is used according to specific purposes, thereby controlling expenditure based on predefined conditions. . 🎯 PBM is suitable for specific use cases, such as payments in government projects, participating stores, or aid programs. It also allows for setting validity periods. Example applications include pre-ordering goods, online shopping, real estate transactions, government budget disbursements, and transparent donations. . 🎯 PBM offers advantages over traditional coupon issuing by eliminating the need for complete restructuring for each new project. Instead, it utilizes the modern digital finance infrastructure of CBDCs, through smart contracts as a central system to define conditions for each project instantly. . 🎯 PBM also has its risks and limitations, such as potential loss of flexibility in fund allocation, technological complexity requiring robust infrastructure, and potential system complexities demanding users with adequate digital literacy. . 🎯 Although PBM is not yet widely adopted, testing and development of this new approach continue to ensure preparation for potential future demands. #PurposeBoundMoney #PBM #Smartcontract #DigitalMoney #DigitalAsset #Fintech #Blockchain ---------------------- Source: https://lnkd.in/d6G8ibEM https://lnkd.in/gsymrpuw

What factors are accelerating the arrival of Crypto Summer or the bull market? 🚀☀️ . As the crypto industry heats up with the entry and embrace of global giants and other key factors, let's stay updated together. Read more details at https://lnkd.in/gj-XscYS #CryptoSummer #Bitcoin #Blockchain #DeFi #InstitutionalAdoption

#Weeklynews Update trends in Tech and Startup! 1. DAMAC Properties invested $1 billion to build data centers in Thailand, partnering with Proen Corp to develop 3-4 sites, starting in Bangkok, to support the growth of AI and Cloud in Southeast Asia. Source : https://lnkd.in/gjGW52hJ Image Credit : bloomberg . 2. Paradigm invests in ITHACA Project to develop a Layer 2 blockchain called Odyssey, focusing on building user-friendly Smart Contract Wallets with tools for developers. Source : https://lnkd.in/gyXJqVWC Image Credit : theblock . 3. Yala raised $8 million to develop a Bitcoin-backed stablecoin (YU), aiming for DeFi on Bitcoin, launching Testnet and Mainnet soon. Source : https://lnkd.in/gpNbYr8Q Image Credit : theblock . 4. Together AI demonstrates the FLUX.1 [schnell] model for generating images from text, with tutorials for building React apps, highlighting FLUX's potential for high-quality image generation. Source : https://lnkd.in/eApuAbAq Image Credit : together.ai . 5. Ripple updates its Custody platform with new features, supporting XRP Ledger to help businesses manage digital assets, addressing market growth. Source : https://lnkd.in/gFj2W2vD Image Credit : thecoinrepublic . 6. LendingClub and Pagaya acquire the intellectual property of Tally Technologies to improve credit management and tools for consumers. Source : https://lnkd.in/eemZuWNR Image Credit : pagaya . 7. Euler Labs integrates Smart $M to increase yield opportunities and diversify risk. $M is a cryptodollar backed by short-term Treasury bills. Source : https://lnkd.in/g6cJvXUp Image Credit : (X) M^0 Labs . 8. Together AI launches a new method for extracting information from PDF and PowerPoint documents using ColPali and Llama 3.2 Vision, answering questions and revolutionizing AI systems. Source : https://lnkd.in/e9QbDFD5 . Image Credit : together.ai . #SCB10X #AI #Crypto #Blockchain #Financial #DeFi #News

SCB 10X, SCBX and Stanford University CRFM Launched the ThaiExam Leaderboard in HELM: A Thai large language model benchmark derived from standardized examinations in Thailand. #Typhoon #SCB10X https://lnkd.in/gnbwk2ir

#Weeklynews Update trends in Tech and Startup! 1. UAE exempts VAT on Cryptocurrency transfers and exchanges, retroactive to 2018, reflecting its commitment to becoming a digital asset hub. Source : https://lnkd.in/gBAEEHib Image Credit : cointelegraph . 2. Polyhedra Network launches Proof Arena, a platform for comparing the performance of Zero-Knowledge Provers (ZKPs), helping developers choose the right ZKP to enhance the security and efficiency of decentralized applications. Source : https://lnkd.in/g_ZyphSU Image Credit : theblock . 3. poolside, an AI-powered software development platform, raises $500 million in funding, pushing its valuation to $3 billion, reflecting the growing popularity of AI coding tools. Source : https://lnkd.in/dxED5jvD Image Credit : techcrunch . 4. Together AI integrates the FLUX model to enhance AI image generation, providing developers with easier access to advanced image creation tools, free for 3 months. Source : https://lnkd.in/grNv9ZHC Image Credit : togethercompute . 5. Ripple launches Ripple Payments solution in Brazil with Mercado Bitcoin Portugal, enabling faster and cheaper cross-border transactions for businesses. Source : https://lnkd.in/gzHe3Y9k Image Credit : cryptobriefing . 6. Ripple secures approval from DFSA to provide cross-border payment services in the UAE, reinforcing its commitment to business expansion and blockchain innovation in the Middle East. Source : https://lnkd.in/dgc59fbV Image Credit : fintechnews . 7. Sygnum Bank partners with Safe to launch the world's first bank-grade Web3 wallet recovery service, addressing the issue of lost private keys and providing institutional-level security combined with self-custody of assets. Source : https://lnkd.in/djBcEeZq Image Credit : sygnum . #SCB10X #AI #Crypto #Blockchain #Web3 #News

Congratulations to Vidyasirimedhi Institute of Science and Technology (VISTEC) on their recent success at EMNLP 2024, one of the top NLP conferences, and for their efforts to advance NLP research in Thailand in collaboration with SCB 10X. . Research papers led by VISTEC, with co-authors from SCB 10X, AI Singapore, Chula Engineering, and Korea Advanced Institute of Science and Technology, include: . - “Efficient Overshadowed Entity Disambiguation by Mitigating Shortcut Learning,” Tasawong et al., 2024, to appear at EMNLP 2024 (Main Conference) - “An Empirical Study of Multilingual Reasoning Distillation for Question Answering,” Payoungkhamdee et al., 2024, to appear at EMNLP 2024 (Main Conference) - “McCrolin: Multi-consistency Cross-lingual Training for Retrieval Question Answering,” Limkonchotiwat et al., 2024, to appear at EMNLP 2024 (Findings) . More details about these works are in the comments, and the full details of the papers will be available at the proceedings of EMNLP. #SCB10X #AI #Research #emnlp2024