Singapore Witnessed a Surge in Ransomware Attacks During 2019
The Singaporean government revealed that ransomware attacks surged in 2019 by accounting 35 cases. Go to Source Powered by WPeMatico
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Alleged Unlicensed Bitcoin Dealer Becomes First Singaporean Charged Under New Law
A 23-year old Singaporean accused of unlicensed Bitcoin dealing is set to become the first person to be charged under the city-state’s Payment Services Act. Go to Source Powered by WPeMatico
Bityard Cryptocurrency Exchange Makes Trading Complex Contracts Simple
Bityard is a digital assets trading platform focused on offering fast, easy and safe contracts trading. The Singapore-headquartered exchange is regulated and licensed in multiple leading markets around the world. An emphasis on simplicity and accessibility makes Bityard ideal for anyone looking to enter the derivatives market. Complex Trading Made Simple Contracts trading is hugely … Read more
Singapore to Explore Central Bank Digital Currency With China
Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies. Go to Source Powered by WPeMatico
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset
BitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet services to HaruBank. Users of HaruBank will have their assets secured by BitGo, ensuring peace of mind. HaruBank was established in 2019. It operates a crypto depository service, which experienced rapid growth. With the annual interest rates of up … Read more
Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments
The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been … Read more
Singapore Carpooling App Ryde Launches Wallet for BTC Payments
Singaporean carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin payments for its service. Go to Source Powered by WPeMatico
Chinese Tech Group Behind TikTok Looks to Enter Finance
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. Go to Source Powered by WPeMatico
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out of control by using these dollar-pegged blockchain tokens. Last week on June 9, … Read more
Singapore’s Three Arrows Capital Buys 6% of Grayscale’s $3.5 Billion Bitcoin Fund
Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s outstanding issued capital. The shares are valued at a total … Read more