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A Singapore-based fintech startup has launched a massive blockchain centre to help small and medium-sized businesses in a number of industries. The six-story construction is located at Serangoon North. New Singapore Blockchain Centre to Provide Various Services to Small and Medium-Sized Businesses The new blockchain centre will be...
Aiming to be among the first ‘leaders’ of decentralized financial infrastructures, cryptocurrency exchange Huobi — the third largest in the world by trading volume — has unveiled plans to put its entire organization on the blockchain. Huobi Chain Gordon Chen, director of the exchange’s global ecosystem fund Huobi Eco, told Tech...
Most cryptocurrency companies are in the midst of expanding their market presence. imToken, a popular Ethereum wallet headquartered in China, is moving to Singapore. This is part of the company’s plan to expand overseas and increase its presence in the market. The move is facilitated thanks to a...
Regulatory changes will affect the cryptocurrency and blockchain ecosystems in the future. The Monetary Authority of Singapore is looking to make some changes. A consultation paper has been presented to make the exchange ecosystem more competitive. This is positive news for the cryptocurrency ecosystem as a whole. Improving...
India may apply the Goods and Services Tax (GST) to cryptocurrency trading as they could be classed as intangible goods. Reports claim this 18% tax is being examined by the Central Board of Indirect Taxes and Customs. India Refuses to Embrace Bitcoin The implications of this would mean...
India’s blockchain ecosystem — which includes developers, services providers, and other cryptocurrency-related companies — are increasingly moving to countries with more friendly jurisdictions like Singapore, Switzerland, Japan, and, in particular, Estonia. Crypto Startups Moving Away From India The migration has been triggered by various moves made by the Indian government...
A new smart banknote platform has launched pilot sales of physical bitcoin notes in Singapore. The Bitcoin smart banknotes are available in denominations of 0.01 and 0.05 BTC and have the potential to improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies. Tangem Launches Smart Banknote to Facilitate Offline Use...
As China continues on the path of restrictive and ambiguous regulation over their growing fintech industry, tech companies are leaving in droves for the more welcoming shores of Hong Kong and Singapore. Hong Kong And Singapore Benefit from China’s Crypto Phobia Singapore and Hong Kong are experiencing an explosion in...
Bitcoin case study: Aniket Patel is an Indian teenager and cryptocurrency investor who is still working on his school exams. Despite this, Patel spends more time checking the Reserve Bank of India’s (RBI) website than scouting for exam results. This is because Patel considers himself a long term...
A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of Mining.sg estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come...
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