Tagged: singapore

Crypto Platform Ethos Announces Universal Wallet Update; Now Enables Users to Buy With Simplex & Conduct Coin Swaps With ShapeShift

Singapore-based cryptocurrency services platform Ethos announced earlier this week it has released a new update for its Universal Wallet, v1.6. According to Ethos, the update significantly builds on the existing ability to store, send and receive more than 140 coins/tokens, now enabling users to buy crypto with… Read More

Insurtech: ZhongAn Partners with Grab to Create Joint Venture to Establish Digital Insurance Marketplace in Asia

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

Monetary Authority of Singapore Subsidizes New Equity Listings with S$75 Million Grant

Seeking to boost their prominence as an equity financing hub in Asia, the Monetary Authority of Singapore (MAS) has announced a grant of S$75 million to help businesses raise funding via the Singapore equity market. Singapore is one of the most business-friendly jurisdictions in the… Read More

Why Have Offshore Financial Centres Become the Home of ICOs?

Initial Coin Offerings (ICOs) are booming in offshore financial centres. In 2017, only a small minority of cryptocurrency transactions were taking place offshore but just a year later, according to a study by PriceWaterhouseCoopers and CryptoValley, the Cayman Islands, British Virgin Islands (BVI) and Singapore… Read More

Singapore-Based International CryptoX Partners With Bittrex to Launch Cryptocurrency Exchange Platform

Singapore-based International CryptoX (INCX) recently announced the launch of its new compliance-focused cryptocurrency exchange. INCX revealed it is partnering with Bittrex to use its technology to offer customers a secure, reliable and advanced trading experience. INCX describes itself as an exchange platform that will primarily focus on customers in… Read More

Singapore Crypto Payment System Paytomat Names Bitcoin Diamond the Newest Addition to the POS Wallet

Paytomat, a Singapore-based decentralized crypto payment system, announced on Thursday it has added Bitcoin Diamond (BCD) to its point-of-sale (POS), wallet, and settlement system, which includes both crypto-to-crypto and crypto-to-fiat settlements. Founded in 2016, Paytomat is currently used by more than 300 merchants, brick-and-mortar and e-commerce alike…. Read More

Aflac Announces $20 Million Minority Equity Investment in Insurtech Singapore Life

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Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

Singapore Tech STO Global-X Announces Global Release of End-to-End Digital Asset Exchange Solution

STO Global-X, a Singapore-based technology company, announced on Thursday the global release of its institutional-grade, end-to-end digital asset exchange solution, STO Global Exchange (STGX). The launch is done through STO Global-X’s partnership with BMI Capital Partners International and Coinstreet Partners. According to STO Global-X, the STGX platform… Read More

DBS Bank Teams with Halcyon on Digital Trading Marketplace For Sustainable Rubber “HeveaConnect”

DBS Bank recently announced it has teamed up with Halcyon to launch a new digital marketplace for the trading of sustainably processed natural rubber, HeveaConnect. The Singapore bank revealed: “The HeveaConnect digital marketplace aims to connect natural rubber stakeholders such as farmers, rubber producers and tyre manufacturers… Read More

KuCoin Crypto Exchange Delists 10 Tokens

Top 100 cryptocurrency exchange KuCoin announced December 21st that it has “disqualified” 10 tokens and is delisting them from trading on the exchange. The affected tokens are: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI)… Read More

Locus Chain Foundation Set to Launch Digital Asset Exchange Platform in Dubai

Singapore-headquartered Locus Chain Foundation, the developers of a next-generation blockchain protocol, announced on Wednesday it will launch an innovative digital asset exchange platform, Locus DAX in Dubai, during the first quarter of 2019. According to Locus Chain Foundation, Locus DAX will allow users to buy, sell… Read More

Payments Fintech InstaReM Improves Service for SMEs

InstaReM says it is introducing a new feature to its money transfer platform that improves payments from SMEs. The company states that users in Southeast Asia making regular overseas payments to vendors, suppliers, and service providers, can now do so more quickly, transparently and at… Read More

Monetary Authority of Singapore Announces New S$30 Million Cybersecurity Capabilities Grant

The Monetary Authority of Singapore (MAS) announced on Monday the launch of a new S$30 million Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity. According to MAS, the Grant was… Read More

Blockchain Zilliqa Testnet Adds Smart Contract Sharding, Schedules Mainnet for January 31st

Zilliqa, a blockchain project that is on a mission to provide a scalable, enterprise iteration of distributed ledger technology, has announced smart contract sharding with Testnet V3. This is the final testing phase before the mainnet is released, an event that is scheduled for January 31, 2019…. Read More

KuCoin Teams Up With Simplex to Enable Credit & Debit Card Payments For Mainstream Crypto Users

KuCoin, a Singapore-based international cryptocurrency exchange, announced on Thursday it has formed a new partnership today with Simplex, an EU financial institution providing fraud-free payment processing solutions. According to KuCoin, the partnership will enable new as well as current KuCoin users worldwide to purchase crypto using their… Read More

Revolut Acquires Licenses to Expand in Japan & Singapore

Digital bank Revolut has acquired licenses to expand in Japan and Singapore. The launch in the Asian countries comes just after the fintech reportedly is planning to raise $500 million through its upcoming Series D funding round. According to CNBC, Revolut reported it received a remittance license… Read More

Pundi X Announces QEX Fund to Grow the Function X Blockchain Ecosystem

Pundi X announced on Wednesday at Consensus: Invest 2018 in New York it has partnered with Quantum Energy Asset Management (QEAM). The new fund, QEX Fund SP (QEX), is described as a hybrid fund that is open to accredited investors. The QEX fund is described as a hybrid… Read More

DBS Bank Announces New MOU With UnionPay International

DBS Bank announced earlier this week it has signed an MOU with UnionPay International,a wholly owned subsidiary of China UnionPay, will enable more than one million DBS PayLah! users to use their mobile wallet overseas for cross-border QR code payments. According to DBS, DBS PayLah! users… Read More

MAS: Shanghai and Singapore Continue to Strengthen Financial Ties

The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Regulatory Bureau (SFRB) continue to strengthen financial ties including in the hot Fintech sector. Jacqueline Loh, Deputy Managing Director of MAS, and Dr. Zheng Yang, Director General of the SFRB, highlighted the cooperation at the 4th… Read More

BlockShow Partners With Bitfury to Bring Analytical Security Software to Singapore Blockchain Event

BlockShow, a blockchain event, announced on Tuesday it has formed a partnership with Bitfury, a full-service blockchain company, to bring the analytical security software Crystal to next week’s Singapore event. The duo revealed: “Crystal, which has assisted financial institutions and law enforcement in identifying and tracing criminal… Read More

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