Category: Singapore
-
Dubai to Launch State-Issued Stablecoin, Partners with Pundi X for Distributing PoS Terminals
Dubai’s credit agency announced an official partnership with cryptocurrency-payments provider Pundi X on Oct. 8, according to an official release. Pundi X Brings State-Backed Crypto to the Masses In a step towards the widespread adoption of blockchain technology and cryptocurrency as an accepted means-of-payment, Dubai’s Emcredit bureau and regional distributor Ebooc, a loyalty programs startup,…
-
Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018
According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…
-
Stability in Crypto Market Suggests Massive Accumulation by Institutional Investors
Most investors in the crypto market are hoping for the entrance of institutional investors to start the next bull run. Recent stability of major digital assets like Bitcoin suggests that institutional investors are already actively involved in the cryptocurrency market. The past two months from August 2018 to early October 2018 have been the most…
-
Boston Federal Reserve VP Describes The Limits Of Cryptocurrency Partnerships
Federal Reserve Bank of Boston Vice President Jim Cunha discussed his views on cryptocurrency adoption and limitations at Forbes’ Annual 30 under 30 Summit on Oct. 2, highlighting asset security remains a significant concern for institutions. Asset Security a Concern for Banks While crypto-enthusiasts await widespread adoption, industry observers shed light on the blockchain industry…
-
South Korea: “Third Generation” Blockchain Projects Look to Dominate the Global Crypto Market
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. Korea’s Blockchain Push As reported by Business Korea on Sept. 27, the third generation platforms look to build what Ethereum couldn’t, and primarily tackle…
-
![Binance Co-Founder on Launching Fiat Exchange, Confident in Crypto Market Trend [INTERVIEW]](https://amazingcrypto.com/wp-content/uploads/2018/09/yi-he-binance-300x200.jpg)
Binance Co-Founder on Launching Fiat Exchange, Confident in Crypto Market Trend [INTERVIEW]
Yi He, the co-founder and Chief Marketing Officer at Binance, spoke to CryptoSlate in an exclusive interview on how the exchange decided to launch a fiat-enabled trading platform in Singapore, discussed the country’s regulatory frameworks around crypto, and the state of the cryptocurrency market. Yi He is the co-founder and Chief Marketing Officer of Binance.…
-
Strict Cryptocurrency Regulations Leads to Lack of Innovation, Say Crypto Firms to U.S. Congress
U.S. lawmakers met venture capital firms and entrepreneurs operating in the blockchain and cryptocurrency space this week, with the latter group cautioning watchdogs of the possible “brain-drain” if digital assets continue to be abided by 72-year-old regulations. Industry Persons Call out Redundant Laws As reported by CNBC on Sept. 26, over fifty industry participants met…
-
Regulations Round-Up: MAS Official Says Tokens Aren’t Securities, SEC on Bookkeeping Obligations
In recent regulatory news, an official representing the Monetary Authority of Singapore (MAS) has stated that no existing crypto tokens meet the regulator’s definition of a security offering; the chief accountant of the United States Securities and Exchange Commission (SEC) has emphasized the “fundamental” bookkeeping responsibilities of firms operating with cryptocurrencies; and the head of…
-
Major Korean Crypto Exchange Upbit Opens in Singapore Next Month
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Upbit Expands to Singapore Dunamu Inc., the operator…
-
Binance Launches Beta Version of Its Singapore Fiat Exchange
Changpeng Zhao, CEO of cryptocurrency exchange platform Binance, slipped Saturday, Sept. 15, that his company would be launching a fiat cryptocurrency exchange in Singapore today. I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting! https://t.co/Hzo6jLLkfS — CZ Binance…