Singapore Financial News
21.01 / 16:06
defi
Report
Huobi
Bitcoin
New research expects a gloomy year for Bitcoin as DeFi and DAOs rise
Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the Federal Reserve's and other central banks' tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain.
21.01 / 13:27
Blockchain
Twitter
Digital
Platform
Twitter Launches Verification Mechanism for NFT Avatars; Bybit Demonstrates Ambition on NFT Marketplace
Twitter announced Thursday that it was rolling out an official verification mechanism for NFT avatars, allowing some users to set the NFTs they own as their profile picture.
21.01 / 05:09
Government
Blockchain
Bitcoin
Australia’s plan to create a crypto competitive edge in 12 steps
In October 2021, the Senate Committee for Australia as a Technology and Financial Centre released its much-awaited recommendations for how cryptocurrency should be regulated. The 168-page final report boils down to 12 recommendations aimed at striking the right balance between creating legitimacy without stifling innovation.
21.01 / 02:29
Ethereum
Provident
FIVE
Luna
UST: This latest initiative by Terra’s ecosystem is reshaping algorithmic stablecoins
Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would provide over $139 million in UST and LUNA to DeFi projects for at least the next six months. Such strategies would help the ecosystem to expand its route within the stablecoin domain. Here’s the latest initiative to support this cause.
20.01 / 22:46
Ethereum
ETH
BTC
Platform
Crypto.com hack revealed: Attackers stole $34 million from 483 accounts
The leading cryptocurrency exchange crypto.com suffered a breach on its platform on 17 January, and the community had since been waiting for a detailed analysis of the hack to be released. While several independent analysts had uncovered parts of the heist, Crypto.com has now released a postmortem for the same, revealing the breach of around 483 accounts.
20.01 / 17:04
Adoption
Binance
regulation
restrictions
ad
Ad restrictions won’t impact crypto demand, Binance CEO says
Binance CEO Changpeng Zhao, also known as “CZ,” claimed that the growing restrictions on crypto advertisement won’t impact the demand.
20.01 / 13:43
Blockchain
Digital
Platform
IBM
Union Bank
services
Union Bank of the Philippines to Enhance Crypto Trading & Custody Services
Union Bank of the Philippines (UnionBank) plansto choose Metaco and IBM to enhance cryptocurrency trading and custody services, taking advantage of the Asian country's rapid adoption of digital tokens.
20.01 / 13:43
Provident
FIVE
Digital
Singapore Shuts down Crypto ATMs After Ban on Public Crypto Ads
All cryptocurrency ATMs in Singapore have been shut down by the Monetary Authority of Singapore, following the city-state’s prohibition of all crypto-related advertisements in public spaces.
20.01 / 13:43
ETH
Provident
CEO
Platform
400 Crypto.com Accounts Hacked, CEO Confirms Reimbursement for all Victims
Kris Marszalek, CEO of Crypto wallet provider and trading platform Crypto.com, confirmed at least 400 accounts have been hacked, saying he would be more than willing to share information about Tuesday's hack if the regulator has any relevant inquiries, according to Bloomberg.
20.01 / 12:55
Ethereum
Hackers
hacks
Bitcoin
Crypto.com finally speaks out: 483 user accounts compromised
The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting "suspicious activities" in user accounts.
19.01 / 21:21
Blockchain
Ethereum
ETF
Bitcoin
Google Pays 'a Lot of Attention to' Crypto, Partners With Coinbase, BitPay + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
19.01 / 15:37
cryptocurrency
ICO
Tax
end
South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections.
19.01 / 14:00
Ethereum
ATM
Bitcoin
Singapore crypto ATMs shut down after central bank crackdown
The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state.
19.01 / 11:11
solana
Bitcoin price today
crypto prices
Bitcoin
Top cryptocurrency prices today: Bitcoin, Terra, Solana gain; Cardano drops 7%
Crypto prices remained sluggish on Wednesday as Fed's hawkish stance and economic woes continued to spook crypto investors. Barring Bitcoin, Terra and Solana, all other seven out of top-10 digital tokens were trading lower during the early trade. Cardano dropped 6 per cent, thanks to the profit booking in the counter. Bitcoin was holding above the $42,000 mark although Ethereum slipped below $3,200 levels. The global crypto market cap dropped about a per cent lower to $2 trillion compared to the last day. The total crypto market volumes were flat, almost unchanged at $77.46 billion.
19.01 / 04:04
Crypto Trading
guidelines
Singapore cbank issues guidelines to discourage crypto trading by public
Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is among the forerunners globally in developing a formal licensing framework. But the city-state's authorities have repeatedly warned that trading in digital payment tokens (DPT), or cryptocurrency, is highly risky and not suitable for the general public, as they are subject to sharp speculative swings.
19.01 / 02:19
19.01 / 00:02
18.01 / 06:31
Dogecoin
Ethereum
cryptocurrency
Bitcoin
surges
Cryptocurrency Prices Today: Bitcoin dips, Ethereum declines, Cardano surges
The global cryptocurrency market capitalisation dipped by 2.26 percent over the last 24 hours to $2.02 trillion, while the trading volume rose by 21.51 percent to $77.49 billion as of January 18.
18.01 / 05:23
business
Blockchain
exchanges
rights
week
Australian
FTX announced as naming rights sponsor of Australian Blockchain Week 2022
FTX Trading Limited (FTX) will be the naming rights sponsor for Australian Blockchain Week 2022, which will run from March 21 to 25.
18.01 / 04:51
Blockchain
CBDC
Adoption
Central Bank
Malaysia’s Central Bank actively assessing CBDC options
Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC).
17.01 / 21:41
regulation
advertisement
Spanish government will implement new rules for crypto ads
Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, announced new regulations for crypto-asset investments advertising. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair” while also providing sufficient information on the risks involved when investing in crypto.
what's happening in Singapore
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