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Singaporean digital payment provider dtcpay announced that it will exclusively support stablecoins for its payment services by 2025, dropping Bitcoin and Ethereum in the process. In a recent X post, dtcpay announced that it will begin to strategically shift its…
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Singapore Gulf Bank is aiming to raise at least $50 million to acquire a stablecoin payments firm by early 2025, inside sources say. According to a Bloomberg report on Nov. 25, inside sources that do not wish to be identified…
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Singapore-based stablecoin infrastructure startup WSPN partners with Polygon Labs to scale WUSD stablecoin use in payments in decentralized finance. Worldwide Stablecoin Payment Network — also known as WSPN — has joined forces with Polygon Labs, the firm behind the Polygon…
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Genius Group’s shares were up 8.5% after the Singapore-based firm announced it had invested $14 million to expand its Bitcoin portfolio. Artificial intelligence firm Genius Group announced in a Nov. 21 press release that it had added an additional $4…
BTC
Bitcoin
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Crypto custodian BitGo has announced the launch of its Singaporean subsidiary following obtaining a local license from the Monetary Authority of Singapore. On Thursday, Nov. 21, crypto custody firm BitGo announced the launch of a Singapore subsidiary to provide trading…
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BlackRock’s Bitcoin ETF options debut on Nasdaq is set to bring a new “wave of institutional investors” to the crypto market, analysts at QCP Capital say. Options on the iShares Bitcoin Trust could attract a new “wave of institutional investors,”…
BTC
Bitcoin
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Cryptocurrency exchange OKX now enables customers to deposit and withdraw Singapore dollars without any fees via PayNow and Fast and Secure Transfers. Crypto exchange OKX said in a press release on Monday, Nov. 18, that it would provide zero-fee Singapore…
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Germany’s Deutsche Bundesbank has joined Project Guardian, a collaborative initiative by the Monetary Authority of Singapore, to advance asset tokenization. Deutsche Bundesbank, the central bank of Germany, has joined Singapore‘s Project Guardian, an initiative between policymakers and the financial industry…
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Crypto exchange Coinbase has unveiled a new initiative in Singapore to foster the local developer ecosystem. Coinbase is doubling down on Singapore with a new engineering hub aimed at supporting local developers and expanding its presence in the Asia-Pacific region.…
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Bitcoin network scaling solution exSat Network has launched staking services just under two weeks after its mainnet launch. Singapore-based scaling startup exSat Network is launching staking services for Bitcoin (BTC) holders, aiming to create “new financial opportunities.” In a Nov.…
BTC
Bitcoin
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Standard Chartered and Ant International completed SGD-denominated liquidity transfers using Ant’s Whale platform. British multinational bank Standard Chartered alongside Ant International has completed SGD-denominated liquidity transfers using Ant International’s blockchain-based Whale platform, The Asian Banker has learned. According to a…
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Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS’ upcoming stablecoin framework.” Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet stringent compliance standards set by…
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Gemini has received in-principle approval from Singapore’s Monetary Authority for a major payment institution license, marking a key step in its APAC expansion. Cryptocurrency exchange Gemini, founded by Tyler and Cameron Winklevoss, announced it has received in-principle approval from Singapore‘s…
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Crypto exchange Bitrue has received approval as a Virtual Asset Service Provider in Lithuania, enabling it to offer crypto exchange and custody services. Singapore-based crypto exchange’s Lithuanian branch has been granted approval as a Virtual Asset Service Provider, allowing the…
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Crypto exchange BingX says it has restored full operations, launching a new feature designed to provide “advanced protection against external threats.” BingX, a Singapore-based crypto exchange, is bringing up a new security feature just one month after a major breach…
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Australian crypto hedge fund manager JellyC has merged with Singaporean Trovio Asset Management in an effort to attract bigger allocations from investors, such as pension fund investment. According to a Bloomberg report on Oct. 23, Australian hedge fund manager JellyC…
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