The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments.
Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%.
An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms.
Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11.
The formation of ‘Asia Blockchain Promotion Global Consortium’ was announced by ASTON, a Korean blockchain platform company, on Nov 1, indicating the arrival of the Singapore-Korea region as the hot hub for blockchain technology evolution as well as dApps development.
Although the world-renowned Binance Exchange, which facilitates crypto-to-crypto transactions, has seen waning demand as of late, the startup has forged ahead and has made notable strides in the fiat-to-crypto realm.
lockchain has been mentioned as a technology that could be set to revolutionise many industries for a few years now. It rose to prominence as the technology underpinning bitcoin and other cryptocurrencies and has since been touted as a solution for many other sectors.
Yesterday, October 31st, cryptocurrency Bitcoin (BTC) celebrated its tenth birthday. As part of the celebration, a company called Bizkey has decided to start a new campaign called “Token Day” in Singapore.
Vertex Ventures, the venture capital arm of Temasek Holdings Pte, said it made an investment in digital asset trading platform operator Binance to develop a fiat-to-cryptocurrency exchange in Singapore.