Blockchain/Bitcoin

Blockchain Based Ride Hailing Service TADA Raises US$ 5 Million in Series A Funding

MVLLABS Pte Ltd (“MVL”), the company behind TADA,  a blockchain-based ride-hailing service that the company claims to be zero-commission, announced today a series A investment of US$5 million led by South Korean venture capital firm, SV Investment. Two of South

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Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who

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Bakkt Bitcoin (USD) Cash Settled Future to Be Launched in Singapore

Intercontinental Exchange, Inc., a an operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of the Bakkt™ Bitcoin (USD) Cash Settled Monthly Futures contract. The new contract will be listed on

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Singapore To Regulate Token Derivatives on Approved Exchanges Soon

The Monetary Authority of Singapore (MAS)  issued on 21st November 2019, a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act. There is international

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MAS Announces Successful Trial of Blockchain Based Prototype for Multi-Currency Payments

The Monetary Authority of Singapore (MAS) announced that they have led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. In a media statement, they stated that this

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This Team Creates Your Crypto Enabled Swiss Bank Within 9 Months

All the way from Switzerland, we met Lloyd’s & Partners for an exclusive interview on how to build a licensed Swiss crypto bank within just nine months. Lucas Landolt, Head of Operation and Stefan Jans, Head of Communication, gave Fintechnews

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DBS and IMDA to Launch Open-Sourced Blockchain Trade Platform

To leverage Singapore’s global trade connectivity, DBS Bank and Trafigura, in collaboration with Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin, have come together to develop an open-sourced blockchain trade platform to

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Singapore Based Fintech to Launch Blockchain Based Bond Exchange

Singapore-based BondEvalue today announced that it has been approved to enter the Monetary Authority of Singapore’s (MAS) Sandbox Express to launch a blockchain-based bond exchange. The platform will offer a unique proposition to reduce the minimum investment amount of bonds

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Singapore’s Blockchain Map Proves That It Is a Hotbed for Blockchain Innovation

Singapore has long established itself as the leading fintech hub in South East Asia, of late it also increasingly becoming a hotbed for blockchain innovation. The city-state is home a healthy blockchain ecosystem comprising numerous players tackling areas ranging from

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CIMB Singapore Rolls Out Blockchain Trade Financing with iTrust

CIMB Singapore and iTrust today announced that they have successfully completed their first structured trade financing transaction on iTrust’s Blockchain and Internet of Things (IoT) platform. The transaction involves the financing of dairy products imported into China and is expected

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