Singapore Financial News

09.02 / 20:09

business Payments Altcoin Report Cointelegraph Research: Valuing a crypto payment token

For payment tokens such as Alchemy Pay’s ACH, there may not necessarily be a world where cryptocurrencies are widely accepted as a medium of exchange for everyday transactions, such as buying a gallon of milk in the grocery store, without fiat. This is because two parallel economies exist, and bridges between fiat and cryptocurrency are needed for the time being.

09.02 / 16:39

business Investments Bitcoin settlement Bitcoin dated futures with physical settlement go live on Eqonex

The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement.

09.02 / 13:20

Provident Digital CEO Валюта Bybit Pairs with Cabital, Providing Trading Service for Crypto

Singapore-based cryptocurrency exchange Bybit has announced a partnership with Cabital, the world’s leading digital financial institution.

08.02 / 20:21

business Blockchain Ethereum Bitcoin Bybit partners with Cabital to offer EUR and GBP fiat onramps

On Tuesday, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for the euro (EUR )and British pound sterling (GBP) on-ramp integration.

08.02 / 13:51

Blockchain Trading From Morgan Stanley to crypto world: in a conversation with Phemex founder

Founded in 2019 in Singapore, Phemex has been operating as a crypto derivatives exchange. The platform rose to the “top 10 global exchanges in less than two years, with a daily peak trading volume of more than $12 billion.” Cointelegraph talked to Jack Tao, founder and CEO of Phemex, about the difficulties and risks of running a crypto exchange and where he plans to take Phemex next.

08.02 / 12:01

business Blockchain Adoption Bitcoin Singapore saw 13x jump in crypto investments in 2021: KPMG

Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG's Pulse of Fintech report.

08.02 / 09:15

Adoption Asia Kpop NFTs: Binance and YG partnership will prioritize sustainability

A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations.

07.02 / 20:49

UPS reports Reports: Former Manchester United players pursuing DAO for sports-related investments

Former players of Manchester United football club are creating a decentralized autonomous organization (DAO) to push sports investment. As per a recent announcement, Gary Neville and Paul Scholes will team up with Singaporean business magnates Peter Lim and Kiat Lim to create the CO92 DAO. The collaboration aims to allow fans to participate in these investments, as it is named after the club’s squad.

07.02 / 17:05

business defi Sport Football Former Manchester United players to launch soccer-centric DAO

Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to make investments alongside these legends.

06.02 / 05:23

Blockchain Adoption Asia Bitcoin All eyes on Asia — Crypto’s new chapter post-China

A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s Kimchi premium and Bitcoin (BTC) arbitrage opportunities, the region is playing a role in defining crypto’s development pathways and anchoring its future.

05.02 / 03:09

Facebook Digital Platform Facebook (FB) Hopes to Launch Digital Currency in 2021

Facebook, Inc. (FB) is hoping to launch its cryptocurrency next year. David Marcus, head of Facebook Financial, or F2, told audiences at the Singapore FinTech festival that he hoped the company could participate in changing the financial services industry by launching Diem, Facebook's proposed digital currency for use on its social network, and Novi, the accompanying wallet for its Libra blockchain, on its platform.

04.02 / 08:05

cryptocurrency cryptocurrency in india Budget 2022 crypto tax Global players cheer crypto tax as first step to nod

Mumbai: The worldwide crypto community has lauded India’s announcement to tax cryptocurrencies and develop a blockchain-based, regulator-backed digital currency as a significant step forward toward legitimising the asset class and encouraging innovation in blockchain technology. «This means that India recognises the importance of crypto, digital assets and their underlying technology, blockchain, too,» said Anndy Lian, Chairman of the Singapore-based BigONE exchange. «The next crypto bull market could be led by India.» On February 1, Finance Minister Nirmala Sitharaman announced the government would impose a blanket tax rate of 30% on the transfer of «virtual digital assets.»

02.02 / 19:03

UPS Provident Digital expansion Crypto exchange FTX to buy Japanese rival Liquid for Asia expansion

FTX, the cryptocurrency exchange owned by billionaire Sam Bankman-Fried, is buying Japanese rival Liquid for an undisclosed sum.

02.02 / 17:13

business regulation Analysis regulatory Major crypto exchanges eye Asian market amid growing regulatory clarity

Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region.

02.02 / 12:21

Exchange M&A FTX FTX to Enter Japan via Liquid Group Acquisition

Major crypto exchange FTX is readying to set up shop in the land of the rising sun via the acquisition of the Liquid group, the owner of a licensed Japanese crypto exchange, Quoine.

01.02 / 21:05

COST Provident Digital Fitch South East Asian banks venturing into crypto face heightened risks, warns Fitch

After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned.

01.02 / 15:25

Dogecoin litecoin Bitcoin Bitcoin squeezes smaller rivals to its crown

Bitcoin is beginning to reassert its dominance over challengers to its cryptocurrency crown. The original digital coin was assailed by thousands of new «altcoin» competitors in 2021 — from solana and polkadot to litecoin and dogecoin — raising the prospect of a rapid fragmentation of the crypto market. Yet bitcoin has stemmed its loss of market share this month, and begun to regain ground, as rattled investors seek the relative safety of the biggest crypto player while they contend with an aggressive Fed and talk of war in Europe.

01.02 / 06:45

Dogecoin Ethereum meme coins Shiba Inu Bitcoin Lost Dogecoin, Shiba Inu lost in the woods! Are they worth investing?

Dogecoin are falling out of favor. All the crypto biggies have witnessed a sharp fall in the market-cap in the last few days and meme coins are no exceptions, experiencing a severe meltdown. With crypto majors like Bitcoin and Ethereum halving their value from the peak, meme tokens including Shiba Inu and Dogecoins have plunged more than 70 per cent from their peaks.

31.01 / 21:19

Blockchain UPS Platform Affyn Raises Close to USD 20m, Rewriting the Model For Metaverse GameFi With The Launch of Nexus

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

31.01 / 20:55

Digital NFT Platform NFTS Digital Entertainment Asset to Introduce Manga Artists Fujiwara’s NFT Collection “The Land”

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

31.01 / 17:29

business Funding Bitcoin valuation FTX exchange breaks $32B valuation despite crypto winter fears

Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.

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