Philippines Financial News

25.07 / 22:27

business Asia Survey Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.

20.07 / 17:53

Blockchain COST Aware Mobile Asia-focused Multi-currency Stablecoin Protocol, Bluejay Finance, Raises USD 2.9M in Funding

Disclaimer: The text below is a press release is not part of Cryptonews.com editorial content.

14.07 / 17:59

Adoption NFT Cointelegraph NFT NFT market worth $231B by 2030? Report projects big growth for sector

A market report published by Verified Market Research (VMR) provides a lofty prediction for the future of the non-fungible token (NFT) market, projecting its value to swell to $231 billion by 2030.

14.07 / 17:59

Adoption Binance Asia Philippines’ digital transformation could make it a new crypto hub

Binance, the cryptocurrency exchange, has recently acquired a virtual asset service provider (VASP) license from the Bank of Spain in order to operate in the country. In its ambitious expansion plans that the cryptocurrency exchange is persisting despite the global jump and market slump in the cryptoverse, there is another country that Binance is looking toward — the Philippines.

14.07 / 16:19

business regulation Bitcoin Bitcoin trading volumes post new high in Philippines peso on Paxful

Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently.

11.07 / 16:07

Adoption Binance regulation Department Binance ban off the cards, says Philippine trade and industry department

A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country.

09.07 / 13:33

Provident Target Binance Digital Binance ‘a risk to the public,’ says The Philippines-based think tank

A local think tank, Infrawatch PH, encouraged the Philippine Department of Trade and Industry (DTI) to investigate the cryptocurrency exchange, Binance’s unauthorized promotion techniques via a letter. According to the letter, the exchange allegedly used unregistered promotion means that were casually shared on social media sites to target Filipino consumers. Additionally, Infrawatch PH convenor Terry Ridon asserted that Binance violated regulations in the Philippines by operating as a virtual asset service provider (VASP) without a license.

08.07 / 14:35

business Binance Central Bank Bank of Spain Binance gets crucial license for its Spanish subsidiary from the Bank of Spain

Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services in the country legally.

07.07 / 15:47

Blockchain Binance regulation Policy think tank asks Philippine government to ban Binance over promotions

Local think tank Infrawatch PH has sent a letter to the Philippines' Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange Binance for promotions without permits.

30.06 / 13:57

business Binance regulation Binance to assist Cambodia in developing crypto regulations

Crypto exchange Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement.

20.06 / 11:52

Dmitry Muratov: Russian journalist sells Nobel Prize for Ukrainian children

What's the price of peace?

17.06 / 00:21

Blockchain Technology defi crimes High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens (NFTs) and possessed a collection worth an estimated $8.26 million at the peak of the crypto bull market last year.

13.06 / 12:55

business Binance litecoin Support Binance ends support for anonymous Litecoin transactions

Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.

10.06 / 22:17

Stablecoin Adoption remittances Usd Coin MoneyGram’s USDC transfer service launches in several countries

Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients.

09.06 / 15:45

business Blockchain Binance Asia Crypto exchange Binance seeks critical licenses in Philippines, CEO says

Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm's operations within the Philippines.

07.06 / 15:11

business Blockchain Adoption Investments Crypto.com's Cronos launches $100M accelerator for DeFi and Web3

Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space among others.

02.06 / 19:01

cryptocurrency Adoption Survey Bitcoin NOT Just 18% of Respondents Do Not Expect Bitcoin to Become Legal Tender in 3 Years - Survey

Potentially fueling a bullish approach to bitcoin (BTC) investments, only 17.9% of surveyed individuals said that they do not expect BTC to become legal tender within three years, according to a recent report prepared by The Economist Group and commissioned by crypto platform Crypto.com.

02.06 / 12:45

Adoption regulation Survey Investors' perception of crypto is changing for the better: Economist survey

A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future.

31.05 / 14:25

Blockchain Asia Bitcoin Training Philippines to explore blockchain use cases, launches training program

The Philippine government has started its exploration of blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST).

30.05 / 17:53

Adoption Gaming play NFT Play-to-Earn Gaming Most Popular in India, Hong Kong, and UAE, Survey Finds

Play-to-earn (P2E) games based on non-fungible tokens (NFTs) are most popular in India, where a whopping 34% of internet users who participated in a survey said that they had played such a game.

27.05 / 04:09

digital assets MetaMask recovery MetaMask joins forces with Asset Reality for recovery of stolen digital assets

crypto wallet MetaMask has inked a new strategic partnership with Asset Reality, an end-to-end solution for recovering, managing, and accessing seized crypto and complex assets. MetaMask is a ConsenSys product and among the leading self-custody wallets. MetaMask and Asset Reality will be helping victims of scams recover their digital assets where possible. The support will be available for all MetaMask users globally who have been victims of scams across MetaMask’s most active markets in the United States, the UK, the Philippines, India, Vietnam, Brazil, France, Germany and Nigeria.

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