After taking a regulatory battering earlier this year, Binance is back – or at least the world’s busiest crypto exchange will hope so. The platform has been bolstered by news that it is talking to sovereign wealth funds who are interested in “taking a stake” in the platform, that it’s establishing a new base in…
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The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger. It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover,…
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Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations? Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Bitcoin Suisse, Switzerland’s biggest BTC broker, has now made Lightning Network technology available for its crypto payment system. 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 Nov. 10 Armin…
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All Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022. Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China. Huobi will have shut down accounts of all Singapore-based users by the end of March…
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The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.” The 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. According to MAS managing director…
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Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto…
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Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central…
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The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves DBS and Independent Reserve…
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