Singapore

Auto Added by WPeMatico

Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies

by

The Deputy Prime Minister of Singapore has sought to clarify the nation’s stance on cryptocurrencies with regards to its money laundering laws. Speaking earlier this week, Mr. Tharman Shanmugaratnam emphasized that Singapore’s financial regulator will not distinguish between cryptocurrencies and fiat currencies. Also Read: Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies Singapore’s Deputy Prime Minister Updates … Read more

Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEO

by

State owned media outlet, Russia Today (RT), reports the suicide of an exchange CEO was in actuality something more sinister and connected to Mt. Gox’ 650,000 still missing bitcoin, according to RT’s exclusive source. Also read: African Central Banks: Ditch Dollar, Buy Bitcoin RT’s Exclusive Source: CEO Death Linked to Missing Gox Bitcoin “The hundreds of … Read more

The Bitcoin Exchange That Once Dominated China Is Heading to Japan

by

At one time the Beijing-based digital currency exchange Huobi was once the largest bitcoin trading platform in China before the central bank stopped domestic exchanges from trading cryptocurrencies. This month Huobi has revealed its carved a deal with the Japanese financial institution SBI Group and will be launching two new cryptocurrency exchanges in Q1 of … Read more

Global P2P Crypto Markets Experience Record Volume Throughout December

by

The global peer-to-peer (P2P) bitcoin markets have seen record trading volume as a consequence of last week’s major price retracement. According to data provided by Coindance, numerous national markets saw historically unprecedented trade volume throughout December – suggesting that many investors may have been taking profits following bitcoin’s dramatic bull run up to the $20,000 … Read more

Singapore Judge Dismisses $43M High Profile Bitcoin Case

by

Recently Singapore had its first high profile legal case involving over 3,000 BTC in a dispute between the UK-based company B2C2 and the local cryptocurrency exchange Quoine. According to the Singapore Commercial Court documents, Judge Simon Thorley has dismissed the plaintiff B2C2’s case for US $43Mn worth of bitcoins. Also read: While Bitcoin Trades Above $19K … Read more

China’s Bruno Wu Takes Controlling Interest in Licensed US Crypto Exchange

by

Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency … Read more

It Came from the East: How Asia Bolstered Cryptocurrencies in 2017

by

Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, … Read more

PR: The Future of Trading Is Here – Social Trading Platform Trak Invest

by

TrakInvest, a virtual social trading platform has been disrupting the financial services landscape across Asia since 2014. Headquarted in Singapore, with operations in India, Thailand and Hong Kong, TrakInvest, at its core, is about “Crowdsourcing of Financial Wisdom” and rewarding its participants in a decentralized economy, based on performance and insights. Backed by an experienced … Read more