Singapore Financial News

31.01 / 16:23

UPS Digital coinbase Bitcoin valuation Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears

Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices.

31.01 / 15:33

UPS Provident Digital India: Legal experts divided on pre-budget crypto-wishlist ahead of Union Budget

Previous reports have clarified that it is unlikely that a comprehensive crypto-bill will be introduced in the Parliament for the upcoming Budget Session on 1 February.

31.01 / 09:45

business Blockchain Health Coronavirus Singapore firm uses blockchain to battle counterfeit COVID-19 jabs

Singaporean healthcare services provider Zuellig Pharma is using a blockchain-based network to track COVID-19 vaccinations to prevent practitioners from administering expired vaccines.

29.01 / 22:33

Citi Citigroup Citigroup sells Taiwan consumer business to DBS Group

DBS Group Holdings is set to acquire Citigroup’s consumer banking business in Taiwan in a deal the Singapore lender said will make it Taiwan’s largest foreign bank by assets.

28.01 / 17:39

Government advertisement Clampdown on crypto ads: A one-off or a new phase of global regulation?

Over the last week, regulators in three major jurisdictions across two continents introduced new rules governing cryptocurrency-related promotions and advertisements. Citing consumer risks associated with digital asset investments, authorities in the United Kingdom, Singapore and Spain tightened the requirements around crypto firms’ marketing messaging and customer recruitment practices. While some experts view this emerging trend as a sign of a new global phase of cryptocurrency regulation, questions about the efficiency and universal applicability of this approach persist.

28.01 / 16:33

Blockchain UPS CEO Bitcoin Support Here’s the reason behind Texas Governor’s decision support to Bitcoin mining ops

China’s ban on cryptocurrency mining forced Bitcoin entrepreneurs to flee overseas. Many were heading to Texas, which is quickly becoming the next global cryptocurrency capital. Different executives within this region have opened their paths to allow Bitcoin miners to shift and operate here. Having said that, Bitcoin mining criticized for its energy-intensive operations.

28.01 / 15:15

Citi UK regulation ‘most favourable in the world’, City of London Corporation says

UK financial services firms have the world's most agreeable regulations, the City of London Corporation said, as new research suggests the City held onto its top spot for financial and professional services business for the second year in a row.

28.01 / 10:43

Citi Citigroup Citigroup sells Taiwan consumer business to DBS Group

DBS Group Holdings is set to acquire Citigroup’s consumer banking business in Taiwan in a deal the Singapore lender said will make it Taiwan’s largest foreign bank by assets.

27.01 / 15:47

Citi UK regulation ‘most favourable in the world’, City of London Corporation says

27.01 / 12:57

Binance coinbase SoftBank Asia's SoftBank and Temasek Join to Fund FTX US

FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.

26.01 / 18:59

Blockchain Provident Target National Crypto Community HeritageDAO Seeks to Acquire Korean National Treasures

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

26.01 / 16:59

business cryptocurrency SoftBank FTX Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek

Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.

26.01 / 12:47

cryptocurrency SoftBank Bitcoin Crypto Exchange FTX US Valued At $8 Billion After $400 Million Fundraise

Chicago-based FTX US was launched in 2020.

25.01 / 17:10

business Binance Africa Bitcoin Crypto firms ignore Africa at their peril as continent set for major adoption

Even though the digital asset market seems to be witnessing a bit of a lull at the moment, the adoption of crypto-centric tech has continued to move forward with a full head of steam globally. Africa, in particular, is a continent where a growing list of mainstream financial entities have continued to make their presence felt, as they have begun to realize that the economic opportunities presented by the region are immense.

25.01 / 14:59

Singapore Central Bank Tightens Policy in Surprise Move

Singapore’s central bank on Tuesday unexpectedly tightened its currency policy as a pre-emptive move to stem the inflationary impact of supply-side constraints and rising commodity prices.

25.01 / 12:57

Blockchain Provident Digital $75M Capital Raised by Blockchain Founders Fund for Metaverse and Web3

Singapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.

24.01 / 23:37

business Funding Metaverse Venture Capital Web3 Projects $75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects

Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.

24.01 / 21:19

Law Ban Law Decoded: When central banks seek public discussion, Jan. 17–24

Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia released a report that called for a blanket ban on domestic cryptocurrency operations and mining. Both documents are framed as an invitation for public discussion, but the kinds of discussions that they will trigger are likely to be very different.

24.01 / 08:35

Digital NFT Platform NFTS 3Space Art Kicks Off “Enter the Void,” the First NFT Art Exhibition Held Simultaneously in a Physical Gallery and the Metaverse

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

22.01 / 20:31

UPS Digital CEO London Underground Binance’s CEO: ‘Crypto advertising clampdown’ unlikely to affect crypto demand

Different regulatory boards across the globe have made their stance concerning crypto advertisements crystal clear. Here are a few participants within this club.

21.01 / 20:45

Ethereum XRP Cardano Bitcoin Price analysis 1/21: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin (BTC) and most major altcoins continue to witness a bloodbath on Jan. 21 and the result of the most recent downturn has been a $200 billion reduction in market capitalization.

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