Tagged: singapore

February 14, 2018 @ 11:15 am By JD Alois  |  

“A rose by any other name would smell as sweet” As we reported last week, GIFTO has partnered with artist Kevin Abosch in the creation, and sale, of a digital valentine. The “Forever Rose” art was sold for $1 million in cryptocurrency to a group… Read More

February 14, 2018 @ 10:38 am By JD Alois  |  

FUSION has announced that it has successfully completed its initial coin offering (ICO) having raised 126,000 Ether, worth about $110 million, in just 24 hours. FUSION reported that its token offering was oversubscribed by 2.5X with investors seeing their contributions returned that went over the… Read More

February 14, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) have announced a cooperation agreement to boost Fintech innovation between the two countries. MAS has initiated many of these bilateral agreements and is core to their strategy of being a global Fintech… Read More

February 7, 2018 @ 8:53 am By JD Alois  |  

Financial technology of Fintech is the future. Physical branches are going away. Recently, at the Paris Fintech Forum, Jay Sidhu stated that if banks do not shrink their bank branches by 90% they will disappear. Think about that for a minute (especially if you work… Read More

February 1, 2018 @ 1:06 am By JD Alois  |  

Crowd Genie Financial Services Pte Ltd, regulated by the Monetary Authority of Singapore (MAS), has announced an initial coin offering (ICO) via their related entity CGSPV Pte. Ltd. The peer to peer lender states that it intends on issuing 60 million Crowd Genie Coins, or… Read More

January 29, 2018 @ 11:11 am By JD Alois  |  

The SelfKey token Airdop has pushed pause as some users have expressed concern over the private key usage in the SelfKey wallet. SelfKey announced they were pausing the Airdrop in order to address this community concern. SelfKey is a Blockchain based digital identity system that allows… Read More

January 27, 2018 @ 7:39 am By JD Alois  |  

Numerous reports are indicating leading cryptocurrency exchange Coincheck has experienced a serious security breach. Estimates indicate that over $530 million in digital currency may have been stolen or about 58 billion yen of the virtual currency. Coincheck, based in Tokyo, has reported the “illegal outflow… Read More

January 22, 2018 @ 11:09 pm By JD Alois  |  

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

January 18, 2018 @ 8:54 am By Samantha Hurst  |  

CoAssets Limited (ASX: CA8), an online crowdfunding platform based in Singapore, announced on Thursday it has signed a strategic cooperate agreement with EC Technology & Innovations Limited (ECTI), a wholly owned subsidiary of Shaing Economy International, Inc. (NASDAQ: SEII).  According to CoAssets, Sharing Economy International is currently… Read More

January 17, 2018 @ 12:02 am By JD Alois  |  

Goldbell Financial Services (GBFS), a subsidiary of Singapore’s largest commercial vehicle and industrial equipment distribution and leasing company Goldbell Group, has inked a new partnership with crowdfunding platform “New Union. Goldbell wants to provide SME clients new, innovative and alternative financial solutions, and crowdfunding is the… Read More

January 15, 2018 @ 8:46 am By JD Alois  |  

Last week, a Singapore Member of Parliament, Foo Mee Har, posed some questions to the Singapore Prime Minister regarding enforcement of anti-money laundering (AML) and counter-terrorism financing and Bitcoin utilization where “conventional oversight mechanisms of the real money market do not apply.” Singapore Deputy Prime… Read More

January 9, 2018 @ 7:49 am By JD Alois  |  

Securities Commission Malaysia (SC) has issued a cease and desist (C&D) order to CopyCash Foundation. The C&D was in regards to a scheduled initial coin offering (ICO) launching on January 10, 2018. SC issued a warning this week to investors regarding the CopyCashCoin ICO. Company… Read More

January 3, 2018 @ 4:14 pm By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Wednesday its 2017 progress and 2018 goals. CEO and Co-Founder, Prajit Nanu, took to the company’s blog to reveal details about the past twelve… Read More

January 3, 2018 @ 3:44 pm By Samantha Hurst  |  

Earlier this week, CEO of MyCash Online, Mehedi Hassan, announced the Malaysia-based fintech company will be moving its headquarters to Singapore. According to Digital News Asia, Hassan reported that the move is due to the fact that Singapore offers the startup with more opportunities, especially… Read More

January 2, 2018 @ 10:24 am By Erin Hobey  |  

Crowdo, a South East Asian online marketplace for P2P lending and crowdfunding, posted an infographic citing its 2017 milestones. “2017 has been a great year for Crowdo as we hit several milestones and experienced tremendous growth in our organization where saw our year start off… Read More

December 28, 2017 @ 12:02 pm By Samantha Hurst  |  

Singapore-based FundTier announced on Thursday it has received a Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). Co-founder of the funding portal Max Ho revealed to the Business Times that with the new license it will be able to reach out… Read More

December 22, 2017 @ 9:32 am By JD Alois  |  

GIFTO, a blockchain virtual gifting protocol that recently completed an ICO thats public sale allegedly sold out in just one minute, has announced a strategic partnership with Worldwide Asset eXchange (WAX), decentralized marketplace for virtual assets. The agreement will see GIFTO created virtual gifts tradable… Read More

December 20, 2017 @ 11:50 am By JD Alois  |  

Ælf, a Blockchain based company developing a ‘Cloud Operating System’ designed to become a central hub for all Blockchains, has announced a pre-sale raise of 55,000 Ether. During the “under the radar” initial coin offering, the spot price was about $450 per ETH. Today, as… Read More

December 20, 2017 @ 7:50 am By Erin Hobey  |  

Singapore-based crowdfunding platform FundedHere has raised S$516,000 for local startup AEvice Health in an oversubscribed 30-day campaign that exceeded its original S$450,000 target. The campaign was funded by 11 investors – nine accredited investors, one professional investor and one institutional investor – registered on FundedHere’s platform…. Read More

December 18, 2017 @ 11:08 pm By JD Alois  |  

Silver Bullion, a peer to peer lending platform based in Singapore, has reached $50 million in loan originations. The unique platform that provides secured lending based off of bullion saw more than double the lending volume in 2017 versus year prior. According to the platform,… Read More