Singapore Financial News

18.11 / 09:07

Adoption Latin America CNBC HK Peru to partner with India, HK and Singapore central banks on a CBDC

The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC).

18.11 / 03:25

Blockchain cryptocurrency defi WOO Gate.io Announces USD 5 Million Venture Investment In Woo Networks

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

17.11 / 12:41

Adoption Sport marketing Deal CRO Rallies as Crypto.com Scores USD 700M Arena Deal

Crypto.com coin (CRO) has jumped nearly 10% in a day, following the news that the Singapore-headquartered crypto platform Crypto.com has signed a deal with sports and live entertainment group AEG to secure the naming rights for the famous Staples Center.

17.11 / 10:55

cryptocurrency CBDC Peru's central bank joins global push to develop a digital currency

CBDC), central bank President Julio Velarde said on Tuesday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Speaking at a conference with business leaders in Lima, Velarde said that Peru's central bank is working with the central banks of India, Singapore and Hong Kong in developing a CBDC.

17.11 / 07:23

cryptocurrency Matthews Bitcoin Bitcoin Falls More Than 4% To Near $60,000

Bitcoin fell to $60,350 at its lowest for the day.

17.11 / 04:25

NFT NFT startup GuardianLink raises $12 million from Kalaari Capital, others

GuardianLink, an NFT ecosystem technology framework startup, on Tuesday said it raised Series A funding of $12 million, led by Kalaari Capital and other private investor groups. The company said it will use the proceeds towards expanding Guardian’s Singapore and Japan-based design labs, strengthening the technology brand’s creative development capabilities and deepening its curative NFT packaging foundation.

15.11 / 12:43

business Stablecoin Usd Coin expansion Circle to invest in Japanese yen stablecoin as part of expansion to Asia

Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets.

14.11 / 05:23

Blockchain Digital PwC Insignia ASEAN Crypto investments in ASEAN surge to 424% in 2021

As the digital age continues apace, central and private banks across the world are experimenting with technology to promote faster, smoother and more secure economic transactions. In the ASEAN (Association of Southeast Asian Nations) region these changes have been significantly promising.

12.11 / 19:23

Ethereum coinbase Bakkt Bitcoin Mining Difficulty regulatory AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + 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.__________

12.11 / 14:33

Provident Binance Digital coinbase Singapore grants Binance, Coinbase this exemption for specified period

The Monetary Authority of Singapore (MAS) has released a list of 70 platforms that have applied to provide digital asset services in the country. The notable applicants include Singapore arms of Coinbase Global Inc. and Binance Holdings.

12.11 / 13:37

Provident VISA Intel Singapore Fintech Festival 2021: MAS global CBDC challenge winners revealed

Consensys, Criteo, and Giesecke+Devrient were identified as having developed retail CBDC solutions that increase payment efficiencies, improve financial inclusion, and support the broader digitalisation drive in the economy. The winners were selected from 15 finalists who pitched their solutions at a demo day to an international panel of judges and each received a cash prize of S$50,000.

11.11 / 22:57

business Binance Former Binance execs say exchange is worth $300B: Report

Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today.

11.11 / 15:11

Blockchain Provident businesses Project demonstrates blockchain for businesses is more than hype

At its simplest form, blockchain technology offers individuals a basis for sharing information and transactions between other people, businesses and software. However, the technology is just as exciting and known as a buzzword as it is functional, with many possible applications to solve real-world problems in innovative ways. For example, the technology has already been known to disrupt industries including (but not limited to) healthcare, real estate, supply chain and insurance.

10.11 / 18:43

Digital Google CEO Platform Singapore Fintech Festival 2021: Web 3.0 on the horizon

Web 3.0 will allow data to be interconnected in a decentralised way, a step change from Web 2.0 where data has traditionally been centralised and siloed. As a result, many industry leaders see symbiosis between Web 3.0, blockchain and cryptocurrency. Further, sessions at Singapore Fintech Festival saw CEOs come together to discuss these elements and what the decentralised structure of Web 3.0 could mean for company hierarchies.

10.11 / 12:27

business regulation Bitcoin exit services Huobi to halt services in Singapore after China exit

Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.

10.11 / 12:27

Adoption Lightning Network lightning Bitcoin network Bitcoin Suisse to enable Lightning Network payments

Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions both cheaper and faster. It will be the first cryptocurrency payment processor in Switzerland to integrate the technology, according to a press release dated Tuesday.

10.11 / 12:23

Binance Action Dreams Huobi Huobi Global adds Singapore to its ‘restricted jurisdictions’ list

After the Chinese government’s crackdown on crypto-transactions, Huobi might have thought it will find home again in Singapore. However, an announcement from the crypto-exchange has made it clear that Huobi will be bidding goodbye to many of its users yet again.

10.11 / 08:51

Adoption VISA MasterCard Executive gone Crypto has gone from 'weird' to 'cool' thanks to NFTs says Visa executive

Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector.

09.11 / 19:43

Ethereum ETF SEC Bitcoin Apple CEO Owns Bitcoin Or Ethereum, Austrian Crypto Tax + 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.__________

09.11 / 17:01

UPS Platform Software Crypto exchange BitMart gears up to raise $20 million in series B funding round

Cryptocurrency exchange BitMart is reportedly gearing up to raise about $20 million at a valuation of $300 million. As per the report, Alexander Capital Ventures, may lead its Series B round.

09.11 / 14:03

Blockchain Stablecoin Adoption Retail-focused Singaporean CBDC to hedge against privately issued stablecoins

Singaporean central bank Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative.

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