Singapore

Cloud Token and the Rise of MLM Crypto Projects

Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover, after the Cloud Token arrests in China, police in...
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Asia’s Love Affair With Blockchain Is Blossoming

Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of the region, yet enjoy high profile partnerships and endorsements in...
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Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns

Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility. The post appeared first on NewsBTC
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Bakkt Launches Bitcoin Options in US, Futures in Asia

Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures. Also read:...
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Bakkt Scorned as Cash-Settled Bitcoin Futures Launch in Singapore

It appears that the digital currency community has very much fallen out of love with the Bakkt platform. Prior to its launch, the ICE-backed Bitcoin futures platform was heralded as one of the most positive development for digital currency.However, less than three months later, as the platform is busy launching more Bitcoin derivatives, people have...
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Wall Street Veterans Launch Phemex: Crypto Derivatives Platform in Singapore

Phemex — a new crypto derivatives trading company launched in Singapore is looking to bring institutional-grade derivatives trading to the crypto space. Led by a team with a vast Wall Street trading experience, Phemex joins an expanding pool of crypto derivative brokers establishing a presence in Singapore. Meanwhile, regulators in the country are reportedly looking...
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Bitcoin-Friendly Singapore Considers Approving Crypto Derivatives Trading

Singapore has released the consultation paper on the proposed Bitcoin derivatives. Retail investors might not be allowed to trade in the crypto products. The Monetary Authority of Singapore says the move is driven by demand. Singapore’s central bank could soon authorize the trading of derivatives referencing cryptocurrency assets such as Bitcoin and Ethereum. As part...
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Swiss Crypto Firm Sygnum Seeks a Banking License in Singapore

The future of crypto banking remains rather uncertain at this time. Singapore may prove to be a region worth exploring for cryptocurrency firms opting for this business model. Sygnum is one of those companies with big plans and high expectations. Sygnum is one of the many cryptocurrencies companies looking to disrupt traditional finance as people...
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Singapore Central Bank Teams with Heavyweights on Blockchain Prototype

2019 has been something of a turning point for central banks doing more than just their homework on blockchain technology. The latest example of that dynamic comes out of Singapore, where the influential city-state’s central bank and top financial regulator, the Monetary Authority of Singapore (MAS), revealed on November 11th it had finished developing a...
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Xfers Partners With Zilliqa To Launch StraitsX Stablecoin

Xfers, a fin-tech company from Singapore, is set to launch a stablecoin called StraitsX by partnering with blockchain platform Zilliqa. The token will be pegged to the Singaporean Dollar, and it would be available in December 2019. StraitsX: A New Stablecoin on Its Way Xfers is a Singapore-based company focusing on online financial services like...
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With Expansion in Singapore, Sygnum Focuses on Institutional Investors

Sygnum, a digital asset manager that offers custody, brokerage, lombard credit and tokenization services to institutional and qualified private investors, describes itself as the “world’s first digital asset bank.” On October 31, 2019, the group announced it had obtained a capital markets services license from the Monetary Authority of Singapore (MAS). This came after it...
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New Singapore Payment Services Act Includes Forensic Crypto Tracking

Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the country’s new Payment Services Act. MAS Wants to Combat Illegal Crypto Transactions According to a speech published by the Monetary Authority of Singapore (MAS), the financial...
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CoinEx Chain Elects New Node Partners

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Hosted by CoinEx Chain Foundation, “CoinEx Chain Global Nodes Election Launch Conference” was successfully held in Shenzhen on...
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Singapore Fintech Investments Hiked By 69% In 2019 Q3

Singapore fintech startups are blooming and Investors are taking a keen interest in this industry. The report says that investment has hiked 69% from the year 2018. Although the year 2019 is still in its last quarter, analysis reports $735 million investments up until September 2019. These numbers exceeds the year of 2018 total investments...
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Investors Commit Staggering $735m into Singapore Fintech Deals

The fintech industry is booming as shown by investors in Singapore who poured a record $735 million into financial-technology deals representing a 69% surge from the prior-year period that had $435 million. The financial technology industry is booming and many investors have noticed that. In that context, investment in fintech ventures in Singapore rose rapidly....
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29-Year Old Man Faces 34 Years In Prison For Illegal Crypto Mining

The blockchain news today show that the United States’ second largest bank appears to have hired a specialist that will implement blockchiain based payment network solutions via Ripple. We are talking about Bank Of America, which according to a job description on the professional social network LinkedIn (published on October 10), had officially stopped accepting...
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Bitcoin Cash Acceptance Grows in Southeast Asia via Alchemy’s PoS System

The payments and technology provider Alchemy recently announced the launch of the startup’s hybrid payment solution, a platform that aims to connect cryptocurrency with retailers worldwide. Alchemy’s crypto solution features integration with Qfpay, a well known third-party payment company that provides payment services for more than 1.2 million affiliated merchants. So far the starting point...
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The Exchange for the New Generation — Bitsoda.com Launches Globally

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The Singapore-based exchange, Bitsoda.com, is the newest force in digital asset trading platforms. Invested by Digital Finance Group...
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How G20 Central Bank Digital Currencies Are Progressing

Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide...
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Bitmain to Launch the World Digital Mining Map This October

SINGAPORE, 27 September, 2019 – During the World Digital Mining Summit (WDMS) – which will take place in Frankfurt on 8-10 October – Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM). To remain price-efficient, owners of mining hardware are regularly on...
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Southeast Asia’s 2nd Biggest Bank Joins JPMorgan Blockchain Network

The US’ largest bank has signed the first lender from cryptocurrency-friendly Singapore to its Blockchain payments platform. OCBC Joins 342 Banks Keen On Quorum In a press release on September 19, JPMorgan Chase confirmed more than 300 banks were now involved in the Interbank Information Network (IIN). These now include Oversea-Chinese Banking Corporation (OCBC), the...
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Cryptocurrency’s future may lie in Asia, and not the US, claims SEC’s Hester Peirce

Hester Peirce, popularly known as ‘crypto mom’ among crypto-enthusiasts, is in the news after she said that Singapore’s regulatory authorities were more open towards engaging and having discussions with the community. Here, Peirce cited her previous visits to Singapore, during which she got more hands-on knowledge about the rapidly booming crypto-environment in the city-state. Highlighting...
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Singapore Food Court Operator Kopitiam Now Accepts Crypto & Bitcoin Payments

Kopitiam, a food court operator based in Singapore says it has developed a system to accept payments in bitcoin and some other cryptocurrencies. The company becomes one of the latest in a growing line of merchants making the pivot to digital payment means. The news is also another indication of the growing popularity of cryptocurrency...
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