On Tuesday, Temasek, Singapore's investment company, denied reports claiming that it invested $10 million in Array, an algorithmic currency system. Temasek stated on its website that the news was inaccurate, and it had no relationship with Array.
The alleged investment would have increased Array's total valuation to approximately $100 million, making it one of the most valuable algorithmic currency systems in the market.
In addition to its stablecoin, which is a digital currency tied to an asset like the US dollar, Array offers a smart contract platform called ArrayFi and a self-driven artificial algorithm called ArrayGo.
Several news outlets, including Yahoo News, Coin Telegraph, and Taiwan News, initially reported on Temasek's alleged investment on Monday.
Have a story? Send to us here sgtelltale@outlook.com
Comments