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South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a Singapore-based blockchain consortium become its majority owner in a $ 350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $ 352 million)
The post $ 350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange appeared first on CCN
Southeast Asia will purportedly see its first fiat-to-cryptocurrency exchange launching in Singapore. The venue is intended to make digital currencies more accessible to both consumers and businesses.
The first fiat-to-cryptocurrency exchange will launch in Singapore, attempting to facilitate easier entry to the cryptocurrency market for both businesses and consumers. EurekaPro, as the exchange is dubbed, has already launched an open public beta which reportedly has over 8,000 signed up in the first week.
The exchange will allow people to purchase cryptocurrencies with different Asian fiat currencies such as the Singapore dollar, Malaysian ringgit, Indonesian rupiah, and others alike.
The United States may no longer be the king of initial coin offerings (ICOs), as Singapore recently surpassed the U.S. for the most ICOs in the month of August. There were more ICOs in Singapore in August 2018 than in the USA. https://t.co/mU20rmEglN @elementus_io #data #ICO #blockchain #crowdfunding #SEC pic.twitter.com/w5CchNnT1v — Mike (@KalomeniM) September 30, […]
SludgeFeed
With the increased regulatory scrutiny on ICOs in the United States, there appears to be a move by projects towards more friendly environments. According to blockchain analytics firm Elementus, there was a decline in the number of ICOs hosted in the United States compared to Singapore in the month of August. In that month the … Continued
The post Flippening? Singapore Hosted More ICOs than the US in August: Report appeared first on CCN
Singapore took a step closer towards cryptocurrencies as the national financial regulators discussed their openness towards the emerging industry during the Singapore Consensus.
It seems that the Singaporean government has a well-thought-out plan for introducing cryptocurrencies into their economy, according to TechCrunch.
The Singapore Consensus 2018 welcomed thousands of cryptocurrency visionaries, entrepreneurs, and experts to discuss and create new links that might form the foundation of the future of the industry. An essential element of the meeting was the talk delivered by the representatives of the Monetary Authority of Singapore (MAS) with regards to the future of cryptocurrencies in their country. It seems that the Singaporean financial regulators are far ahead many other developed countries concerning their understanding of the industry and plans for the future.
Binance, the world’s largest cryptocurrency platforms by trading volume, will start a crypto fiat exchange testing in Singapore. This was revealed by the Binance Co-founder and CEO ChangPeng Zhao, during a blockchain conference in Singapore. He later confirmed the plans through an official tweet post. It can therefore be assumed that before the end of the year, Binance would offer support for the Singapore Dollar (SGD) including alternatives like SGD/BTC and SGD/ETH pairs. For now, the SGD pairs will only be available in closed Beta, since the beta testing will be through invitation only.
The largest cryptocurrency exchange in South Korea, Upbit, have announced that their parent company, Dunamu are opening a similar exchange in Singapore, an exchange that is set to go live just next month.
According to CCN:
“Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex with 24/7 real-time security monitoring and firewall system for enhanced security.
Continue reading Upbit To Open Exchange Operations In Singapore at Crypto Daily™.
Binance, the world’s largest cryptocurrency exchange company, is reportedly planning to open live money trading for its upcoming Singapore fiat-to-crypto exchange starting on September 18. According to a tweet by Binance CEO Changpeng “CZ” Zhao, the news was first revealed during a breakout session at the Cumberland Summit in Singapore last week. This discussion featured major industry leaders, including Gemini’s […]
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The post Leading Hong Kong, Shanghai, Singapore and Australia Scholars Join Forces to Tackle Regulatory Issues around Cryptocurrencies appeared first on CCN
Huobi Group has announced a partnership with Singapore’s National Trading Union Congress (NTUC) Learning Hub to launch a joint effort to promote blockchain education via a series of courses focused on the nuts and bolts of blockchain and distributed ledger technology. According to a press release shared with CCN, the joint venture aims to introduce
The post Crypto Giant Huboi Partners Singapore Trade Union to Promote Blockchain Skills appeared first on CCN
Singapore’s primary stock exchange has announced a working partnership with the country’s central bank to develop a blockchain platform for securities’ settlements. In an announcement on Friday, the Singapore Exchange (SGX) revealed details of a new working partnership with the Monetary Authority of Singapore (MAS) – the country’s central bank – to enhance Singapore’s Delivery
The post Singapore Stock Exchange Turns to Blockchain for Rapid Settlements appeared first on CCN
MetLife has started tests on an automated insurance solution that will see enrolled pregnant women in Singapore get an automatic payout in case they are diagnosed with gestational diabetes. Developed by LumenLab, the innovation center of MetLife Asia, the experimental product known as ‘Vitana’ will make it unnecessary for enrollees of the insurance cover to
The post 150-Year-Old MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore appeared first on CCN
Ubcoin blockchain Ebay-like ecosystem for selling and buying real goods with cryptocurrency is expanding its presence in the Asian market
By the end of 2018, the mobile payments app Ubank is planning to open offices in Singapore, Hong Kong, and Seoul to promote its global blockchain goods-to-crypto exchange platform Ubcoin Market in the region and to implement the market launch strategy of the product. Currently, the project has offices in Russia and also represented in the United Arab Emirates.
The Monetary Authority of Singapore (MAS) has proposed changes to its current regulations which are expected to lower the market entry for blockchain related exchanges.
According to reports, MAS – which is Singapore’s central bank and financial regulator – has issued a consultation paper in which it is reviewing the current regulatory framework which has been in place since 2002. This is to accommodate the demands of a dynamic financial services landscape. All financial institutions and other interested parties have been invited to submit written comments to the paper by 22 June 2018.
Singapore’s central bank sends eight unnamed crypto exchanges warnings about trading unregulated securities
Singapore’s central bank has warned eight digital token exchanges and an ICO issuer to stop trading tokens deemed unauthorized securities.
CoinDesk
The Singapore government is looking to boost blockchain development in an effort to improve financial inclusion across Southeast Asian countries.
CoinDesk
XINFIN, a Blockchain Technology firm for global trade and finance, announced today the appointment of Jason Butcher to its advisory board. Jason Butcher is a renowned name in the field of blockchain technology, serving as the COO of CoinPayments and a bunch of related businesses.
Singapore—Feb 24, 2018—Singapore based Blockchain Technology Company today announced the appointment of Jason Butcher as an independent advisor of the firm, effective immediately. Mr. Butcher who is a serial entrepreneur and COO of CoinPayments will serve as an advisor and will help XinFin with his meaningful insights and invaluable knowledge of the legal landscape of blockchain technology and cryptocurrency markets.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
XINFIN, a Blockchain Technology firm for global trade and finance, announced today the appointment of Jason Butcher to its advisory board. Jason Butcher is a renowned name in the field of blockchain technology, serving as the COO of CoinPayments and a bunch of related businesses.
Singapore doesn’t view Bitcoin as a threat and claims there is no reason to ban cryptocurrency trading within the city-state.
As China steps up its efforts to eradicate Bitcoin buying and cryptocurrency trading from within its borders, Singapore sees no reason to ban “experimental” cryptocurrency trading in the city-state.
The news comes after an extensive review from Singapore’s central bank, who has been conducting studies on cryptocurrencies and their potential risks. Deputy Prime Minister Tharman Shanmugaratnam says:
