Tag: cryptocurrency

Singapore-based US hacker arrested over Thanksgiving for conspiring with North Korea

Singapore—Is Virgil Griffith a criminal or a hero? Opinions seem divided over the Singapore-based cryptocurrency enthusiast arrested in the United States at the Los Angeles International Airport on Thanksgiving Day, November 28. The 36-year-old Mr Griffith, who visited North Korea in April, is accused of conspiring...

Understanding the Fintech revolution

“Fintech is a term used to describe financial technology, an industry encompassing any kind of technology in financial services - from businesses to consumers. Fintech describes any company that provides financial services through software or other technology, and includes anything from mobile payment apps...

Chinese netizens feel “betrayed” by Mark Zuckerberg

A trending article on WeChat paints a different picture of the once well-loved Mark Zuckerberg in China. The article titled "China’s good son-in-law’ Zuckerberg suddenly stabbed his ‘father-in-law’ in the back" depicts a sense of betrayal felt by the Chinese people. This follows Zuckerberg's recent stance...

FINTECH and the future of financial stability

The current world economy is heading into a possible recession given the uncertainty of the United States-China trade dispute, Brexit, volatile Middle East region and global oil prices fluctuations. While on the other hand, the financial industry is blooming with digitalization and high-tech innovation to create...

Temasek’s venture capital arm invests in Binance to develop cryptocurrency in Singapore

Temasek Holdings' venture capital arm, Vertex Ventures, has invested in Binance for the purpose of developing a fiat-to-cryptocurrency exchange in Singapore. Binance is a digital asset trading platform operator. Vertex Ventures recently made the news with its commitment to continue tech investments, especially to China. Just...

Singapore seeks new rules to protect cryptocurrency investors

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Singapore’s central bank is ‘assessing’ additional rules that will protect investors of cryptocurrency exchanges. These rules will be in addition to its regulatory framework that cryptocurrency exchanges and service providers are currently adhering to. A central bank official notably said: “We are assessing if additional regulations...

Clamour for Cryptocurrency Regulation Grows Louder

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Cryptocurrencies have been under investigation from US Congress lately, due to their speculative nature, as well as the possible negative effects that speculating in digital currency can result in. There is now a strong possibility that Congress will impose legal restraints to make it...

Cryptocurrencies, mainly Bitcoin rising again

The biggest cryptocurrency is back with its winning ways, climbing for a fourth day in a row in a new rally that begun after it bounced off a tecnical support level. The currency rose 11 per cent to US$11,022 in New York bringing its increase...

Coin Of Sale Named Exclusive Transaction Processor for Bitcoin-Only Cafe in Czech Crypto-Anarchy Institute

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Singapore-based Coin Of Sale, a popular web-based Bitcoin payment processing and accounting solution, announced that Parallel Polis will be exclusively utilising its software to handle Bitcoin sales in its popular cafe in the Crypto-Anarchy Institute, located in Prague, Czech Republic. The entire institute accepts only...

Decentralised, blockchain-based stock exchange to be created

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One of the major adopters of Bitcoin, Overstock.com, recently announced the creation of a partnership with Counterparty on a project code-named Medici. Taking its name from the 14th Century banking dynasty that dominated Florence, Medici is the front-end and portal to the decentralised stock...