News list for "Singapore"

Crypto.com Launches Institutional Trading Services in the US

Singapore-based digital asset exchange Crypto.com has launched institutional-grade trading services under its new US-based platform Crypto.com Exchange. According to the announcement, Crypto.com Exchange offers users more than 300 cryptocurrencies and 480 trading pairs to complement its existing retail Crypto.com app for US customers. The Block's data dashboard shows that Crypto.com is the second-largest digital asset exchange after Binance in terms of monthly spot trading volume. As of press ti...

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2025-01-22 06:59:47
Crypto.com approved in principle for MiCA license

According to The block, the Singapore-based digital asset exchange Crypto.com has received approval in principle for a Crypto Asset Market (MiCA) license. While the exchange does not appear to be fully licensed yet, obtaining final approval will allow Crypto.com to offer services within the European Union once the MiCA rules come into effect in late December 2024. First adopted in April 2023, the MiCA establishes a regulatory framework for digital assets in the European Union, allowing companies...

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2025-01-18 08:35:41
Crypto bank Sygnum Bank completes $58 million funding round

Switzerland and Singapore-based crypto bank Sygnum raised $58 million at a valuation of $1 billion. The new capital will be used to expand its product portfolio with a focus on Bitcoin technology, expand its institutional infrastructure, strengthen its compliance team and explore strategic acquisition opportunities. Proceeds will also help Sygnum's European Union expansion plans and build a regulated business in Hong Kong.

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2025-01-14 14:05:38
Sources: Polymarket has been designated as a gaming site in Singapore and blocked

On January 12, according to @alexzuo4 feedback, Polymarket has been defined as a gambling website in Singapore and blocked. Users will be prompted when they log in to Polymarket's official website in Singapore "This website is an illegal gambling website hosted by an unlicensed gambling service provider, and users may be fined up to $10,000 or imprisoned up to 6 months."

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2025-01-12 11:02:47
P2E gaming platform Nakamoto Games announces $10 million investment in Make It

Play2Earn gaming platform Nakamoto Games announced that it has received a $10 million investment from Singapore and New Zealand venture capital firm Make It. The funds will be unlocked in 24 months from January 2026, with a 12-month lock-up period. The funds will be used to maintain a team size of more than 100 people, expand smart contract development and AAA game design, increase liquidity, acquire Web2 game studios and convert them into Web3 studios, increase marketing efforts and drive user ...

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2025-01-07 20:03:33
OCBC Bank in Singapore Launches Blockchain-Based Customized Corporate Bond Tokenization Solution

Singapore's second-largest bank, OCBC, has launched a blockchain-based customized corporate bond tokenization scheme designed to help corporate clients diversify their financial assets. The scheme allows corporate clients to invest in bonds as low as S $1,000, with customizable bond maturities and interest rates based on demand, and the tokens refer to existing investment-grade bonds.

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2025-01-07 19:24:19
Monetary Authority of Singapore to Issue 13 Crypto Payment Institution Licenses in 2024

According to the Union Times, the Monetary Authority of Singapore issued a total of 13 Major Payment Institution Licenses in 2024. Those who have obtained the license of the main payment institution of the Monetary Authority include cryptocurrency exchange OKX, South Korea's largest cryptocurrency exchange Upbit, cryptocurrency bank Anchorage, digital currency wallet and trading service platform BitGo, cryptocurrency market maker GSR, etc.

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2024-12-25 14:23:45
Bloomberg: Singapore to Issue 13 Cryptocurrency Licenses in 2024

According to Bloomberg, Singapore issued 13 cryptocurrency licenses to a range of cryptocurrency players in 2024, including OKX and Upbit, as well as Anchorage, BitGo, and GSR. This number is twice the number of licenses granted last year, compared to the similar approval system in Hong Kong. The analysis pointed out that both Xinggang and Xinggang are competing to attract virtual asset companies to their markets through dedicated systems, tokenization projects, and regulatory sandboxes, but pro...

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2024-12-24 15:18:37
QCP Capital: Nearly $20 billion worth of Bitcoin and Ethereum options expire this Friday

QCP Capital, a Singapore-based crypto investor, said spot prices remained sideways after a market wash last week. Nearly $20 billion of bitcoin and ethereum options expire this Friday, accounting for nearly half of Deribit's total holdings. Option expiration could trigger a quarter-end volatility sell-off, especially if spot prices are sideways and sellers continue to roll short positions. If BTC breaks through $100,000, volatility may remain stable, otherwise counterfeit products may usher in a...

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2024-12-24 10:37:59
Canaan Technology and AGM Group Holdings Inc. signed a mining machine purchase agreement

Nasdaq-listed Canaan Technology announced that its Singapore subsidiary, Canaan Creative Global Pte. Ltd., has signed a mining machine purchase agreement with AGM Group Holdings Inc. to initially provide 2,000 bitcoin mining machines, in addition to providing users with the option to purchase approximately 30,000 additional BTC mining machines.

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2024-12-13 09:59:31
Digital asset and card issuance management platform Interlace completes $10 million B1 round of financing, led by Bitrock Capital

Interlace, a global card issuance and digital asset management platform headquartered in Singapore, announced the completion of a $10 million B1 round of financing led by Bitrock Capital, with participation from early employees and senior executives from companies including Klarna and Robinhood. The new funds will be used to expand the leadership team to accelerate global growth.

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2024-12-04 21:32:00
Aide Financial has been granted a capital markets services license in Singapore in principle, and plans to expand its local business into virtual assets and other fields

According to official news, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong financial group Ed Financial, has been approved in principle by the Monetary Authority of Singapore (MAS) for a capital markets service license. After the license is officially approved, it can provide customers with capital markets product trading, product financing, custody services, etc. Ed Financial said that in the future, it will actively expand its local business to virtual assets, corp...

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2024-11-30 22:23:46
Singapore government department: Cryptocurrency theft cases have been frequent recently, and the public should take precautions to protect their wallets

On November 29, the Singapore Police Force and the cyber security bureau issued a joint statement saying that criminals have recently observed a variety of means to steal cryptocurrencies from victims' cryptocurrency wallets. Their usual methods include posing as legal entities on social media, offering gifts or promotions as bait, and asking victims to "verify" their wallets by sharing personal information such as login credentials. In addition...

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2024-11-29 13:15:33
Singapore's Gulf Bank plans to raise at least $50 million and acquire a stablecoin payments company

Singapore's Gulf Bank is seeking to raise at least $50 million in a funding round and plans to buy a stablecoin payments company next year, according to people familiar with the matter. The start-up bank, founded by Singapore family office Whampoa Group and licensed in Bahrain since February, is in talks with Middle Eastern sovereign wealth funds and other investors to sell a stake of less than 10 percent by early 2025, who spoke on condition of anonymity because the matter is being done private...

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2024-11-25 15:35:09