Category Archives: Singapore

Bitcoin Breaches 8000, Asian Countries Recognize Advantages

Bitcoin Asia

Bitcoin saw an inversion of its low esteem and not just achieved its past highs. It has since seen its value bounce over the $8,000 mark with highs of $8,100, with various new records. The Bitcoin value has since retreated down to exchanging at 7,900-8,000 yet this seems to be impermanent. Of course, inquiries have emerged from this, and interest […]

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DBS SG Says Bitcoin is a Ponzi Scheme while Chicago Firm Eyes Singapore

DRW Singapore

DRW, a Chicago-based firm, is hoping to set up a bitcoin exchanging work area in Singapore to penetrate the digital money market in Asia. The firm has been dabbling with bitcoin since 2014 by means of its division Cumberland Mining, which as of now offers over-the-counter bitcoin exchanging services in Chicago and London. Bobby Cho, the head of Cumberland, disclosed that […]

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Singapore Embraces the Cryptocurrency Wave with Bitcoin Mining

Bitcoin Singapore

The red dot has been making strides in accepting the cryptocurrency movement. Mr Dexter Ng and his gathering of companions understood that their recently acquired seemingly simple machine could deliver digital forms of money through a procedure called “mining.” Furnished with an intense designs handling unit, these PCs can take care of complex mathematical problems which will pick up the […]

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Singapore and Taiwan Adamant against Money Laundering with Bitcoin

Singapore Taiwan

It is no secret that there are countries, which already made their position about the use of bitcoin. While some of them are positive about the use of this digital currency, there are also others that discouraged the use or even banned Bitcoin along with other cryptocurrencies. This is a defensive attempt by these countries to protect themselves from any […]

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Monetary Authority of Singapore Plans to Regulate Bitcoin Payments

Singapore Regulation

The minister for the Monetary Authority of Singapore (MAS), the country’s focal managing an account expert, has said the foundation is attempting to make an administrative structure for Bitcoin installments. In light of an inquiry on the issue from an MP, Tharman Shanmugaratnam – who is additionally a delegate PM of Singapore – affirmed that while the MAS has been […]

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Bank Account Closures Dealt by Singaporean Bitcoin Startups

Singapore Banks

A couple of banks in Singapore have stopped working with a few new businesses that work with digital currencies. Singapore’s Cryptocurrency and Blockchain Industry Association guarantees that more than ten organizations have had issues with Singapore banks and that the comparing money-related foundations have given no motivations to the record terminations. Just as of late the Singapore-based startup, Coinhako, an […]

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The Significance of Fintech Trends in Emerging Markets

Fintech

In the creating parts of the world, fintech offers money-related administrations to a great many unbanked individuals. It’s an essential imaginative device in guaranteeing money related consideration. Unbanked individuals represent 33% of the total populace and are for the most part gathered in developing markets of Asia, Latin America and Africa. Prior to the approach of budgetary innovation, the extent […]

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Asian Banks and Fintechs Discuss Blockchain Use Cases

FinTech BFC17

Bitcoin Press Release: Financial Institutions are eager to identify the commercial opportunity that blockchain technology can offer their business and ways it can help reduce costs, improve reporting, reduce fraud and enhance security and visibility. The Blockchain for Finance Conference, Asia Pacific (June 20-21, Singapore) will evaluate the latest use cases and POC’s to help you assess the viability of […]

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Coinhako Adds Ether for Singaporean and Malaysian Wallet Users

CoinHako

Coinhako, a Singapore-based Bitcoin wallet supplier declared that it will include bolster for ether (ETH). Clients can now purchase, offer and store ETH in Singapore and Malaysia. Ether tokens are the local coin and installment asset of Ethereum, the decentralized blockchain stage to run savvy contracts not worked by any standardized bank or government. ETH has vaulted to second behind […]

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