New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old crypto exchange, which was launched as far back as in 2011. Since then, it grew to…
An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…
Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility. Binance Account Suspended Twitter user Catxolotl (@bittlecat) received a message from Binance Singapore informing them that their Bitcoin…
Some of Asia’s most wealthy people have gathered in Singapore today to learn about blockchain technology and crypto from the planet’s most influential thought leaders in the space. Amongst those presenting at Forbes Asia’s “Decrypting Blockchain for Business” event was Binance’s Changpeng Zhao and BTCC’s Bobby Lee. Interest in Blockchain Remains High, Despite Crypto Bear…
Binance Coin (BNB) flat-lining, down 3.1 percent Ethereum being sidelined, Binance delisting and shunning ETH trading pairs By rebranding and delisting PHX/ETH trading pairs, observers say Binance is deliberately sidelining Ethereum projects. Understandably, Binance following their mainnet launch is a competitor. At the time of writing, BNB is down 3.1 percent. Binance Coin Price Analysis…
One of the world’s largest crypto exchanges could soon be publicly traded in the US through a reverse merger. A Singapore based holdings company which has a majority stake in one of Korea’s top exchanges is looking to get listed by acquiring an already publicly trading company. Bithumb Could Get Listed Without an IPO A…
Singapore Exchange Ltd (SGX) has announced plans to launch two new cryptocurrency indices. The iEdge Bitcoin Index, and the iEdge Ethereum Index, will bring certified price referencing to the Asia region. Head of Index Services at SGX, Simon Karaban said the lack of transparency in the cryptocurrency space has left a huge gap in the…
Although the world-renowned Binance Exchange, which facilitates crypto-to-crypto transactions, has seen waning demand as of late, the startup has forged ahead and has made notable strides in the fiat-to-crypto realm. Reports indicate that Binance’s Uganda branch, which went live last week, has already seen a proverbial boatload of interest, leading to the obvious, but pressing question…
Ripple (XRP) is steady, adds 5.3 percent SWIFT, in a global trial, settled a cross-border transaction from Australia to Singapore in 13 seconds In a test, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), achieved speeds closer to those of Ripple. A possible threat to Ripple’s global expansion, XRP prices are firm, adding 5.3 percent…
Singapore Monetary Authority has placed the Binance exchange on its alert list of investors on Wednesday. This is due to some concerns about the possibility that the crypto exchange might have violated the local payments laws. On Sunday, the global crypto exchange has announced its intention to cancel its product offering in the country. This…