Decentralized Finance Development: The Future of Finance

The shift from traditional, centralized finance to a peer-to-peer, decentralized system based on the Ethereum blockchain is referred to as Decentralized Finance Development, or DeFi. The DeFi ecosystem includes banking, payments, and settlement, as well as lending and borrowing platforms and stablecoins. Decentralized finance (DeFi) has emerged as a major disruptor in today’s financial system. […]

Rising oil prices and crippling sanctions – what does this mean for Singaporeans?

With a global economy that has only just started adapting measures to recover from the COVID-19 economic backlash, current events create unprecedented volatility in the financial markets. Mr. Gan warned Singaporeans to prepare for the increased cost of living as a global fear of oil and gas shortages. The fact that more than 90% of their energy is imported sets the tone for price increases in petrol, diesel, and electricity. What should Singaporean do during this volatile markets?