Cryptocurrency Analysis and News Portal
Crypto finance service provider Amber has landed a valuation of $3 billion following a funding round led by Singaporean state-owned investment firm Temasek Holdings. Amber Group was able to raise $200 million in its Series B+ funding round as revealed in a Feb. 21 announcement. Other participants included Sequoia China, Pantera
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DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO.DBS Bank CEO Piyush Gupta spoke of the bank’s cryptocurrency business during the Q4 2021 earnings call on Monday, stating that the company will focus on measures
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Despite India’s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20 million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai.Coinstore announced to launch its web and app platform in India for spot and futures trading, opening up a
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Singaporean central bank 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 Ravi Menon, Singapore’s retail CBDC will be developed in partnership with private entities, which “would be
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Singapore-based payments unicorn Nium has rolled out a crypto-as-a-service (CaaS) offering aimed at financial institutions.Nium provides turn-key purpose-built API suites for new and traditional finance companies. Its latest offering seeks to provide ready-made tools amid a period of high demand in crypto.The company said its new CaaS will provide institutions
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A 23-year old Singaporean accused of unlicensed Bitcoin (BTC) dealing is set to become the first person to be charged under the city-state’s Payment Services Act.The Singapore Police Force said on June 23 that the woman — whose identity has not been disclosed — had provided a digital payments token
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The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.In a press release shared with CryptoX on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting
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The US Justice Department has indicted a Singaporean man for impersonating various business personalities, faking the identity of video game developers and exploiting Google Cloud and Amazon Web Services (AWS) in order to mine cryptocurrencies including Bitcoin(BTC)trade, Litecoin (LTC)trade and Ethereum (ETH)trade.It is not the first time that crypto fraudsters
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The United States prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto mining.According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fraud, four counts of
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Oversea-Chinese Banking Corporation (OCBC), the second-largest bank in South East Asia by assets, has become the first top tier bank of Singapore to join JPMorgan’s Interbank Information Network (IIN), JPMorgan’s live blockchain service specifically developed for cross-border transactions.According to the Business Times Singapore, there are plenty of banks from the
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