Blockchain
Binance Inks Deal to Set Up Virtual Assets Hub in Dubai
Crypto exchange platform Binance announced that it has signed a Memorandum of Understanding (MoU) with the Dubai World Trade Centre Authority (DWTCA) to set up a virtual assets hub. Binance said that its goal was to assist crypto exchanges, businesses that
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Binance and Telkom Indonesia’s MDI to Develop a Local Digital Asset Exchange
Crypto exchange platform Binance has established a joint venture with a consortium led by MDI Ventures to develop a new Indonesian-based digital asset exchange. MDI is a US$830+ million multi-stage venture capital arm of Indonesia’s largest telecoms company, Telkom Indonesia.
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What Does It Mean to Burn Ethereum?
In a recent Twitter post by blockchain research firm CryptoRank, they revealed that over 1 million Ether (ETH), worth roughly around US$ 4 billion, had been “burned” since the EIP-1559 protocol (also called the London Hard Fork) was introduced in
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FOMO Pay Joins DBS Digital Exchange for Merchants to Accept Crypto Payments
Singapore-based major payment institution FOMO Pay announced that it will be joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay was recently granted a Digital Payment Token (DPT) Service license by the Monetary Authority of Singapore (MAS)
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Binance Singapore Drops License Plans, Suspends Key Services Immediately
Binance Asia Services (BAS), the operator of its Singapore entity, announced that it intends to withdraw its licensing efforts in Singapore. The firm said in a statement that the “decision has not been made lightly”. BAS will be winding down
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SBI-Sygnum-Azimut Digital Asset Fund Makes its First Investment Into Coinhako
The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced that it has made its first investment into Singaporean cryptocurrency platform Coinhako. Japanese financial group SBI Holdings, Swiss-based digital asset bank Sygnum, and European asset manager Azimut Group had jointly launched the
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Binance Asia Services Snaps up 18% Stake in Hg Exchange
Binance Asia Services, the blockchain ecosystem and cryptocurrency provider behind Binance.sg, announced that it has snapped up an 18% stake in Hg Exchange (HGX). HGX is a member-driven private securities exchange, founded by financial institutions such as PhillipCapital, PrimePartners, and
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Crypto Payments Firm TripleA Secures Digital Payment Token License From MAS
Cryptocurrency payments company TripleA has been granted a Digital Payment Token license by the Monetary Authority of Singapore (MAS). The license allows TripleA to provide end-to-end cryptocurrency payment services for businesses. This includes crypto payments, payouts, remittances, and white-label trading
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Digital Assets Trading Platform Sparrow Offers PayNow Services for Institutional Clients
Sparrow, a digital assets trading platform headquartered in Singapore, announced that it now accepts PayNow transfers for institutional clients. PayNow is a convenient and secure method of transfer which is in line with the high-security standards adopted by the local
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TradeTogether Kicks off in Singapore Under MAS’ Exemption to Manage Crypto Funds
TradeTogether, a Singapore-based digital assets management company, continues to establish a strong footprint in the high-net-worth and institutional segments by operating under a regulatory exemption from the Monetary Authority of Singapore (MAS) to manage funds investing in cryptocurrencies. The company
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