Date: Nov 16 2021 Home-grown cryptocurrency platform Coinhako has received an in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services under the Payment Services Act (PSA) as a major payment institution. This makes the Singapore startup the first local non-bank crypto exchange to get…

Oct 10 2021 smaSingapore bank UOB and digital securities exchange ADDX reported that they have collaborated on the digitalisation and digital custody of the inaugural sustainability-linked bond launched by Sembcorp Industries (SCI) last month. …

Singapore design firm XM Studios, famed for its handcrafted art collectibles of superheroes and supervillains, raised S$4.5 million in the form of exchangeable notes on Addx, a digital securities platform. The exchangeable notes or digital tokens raised will be used by XM Studios to expand its premium mass collectible business…

Trading operations are continuing for binance.sg which offers a platform for residents here to trade pairs in crypto including bitcoins, ether and binance coin. The ruling by the Monetary Authority of Singapore (MAS) ordered the binance.com site to halt payment services to residents in Singapore and to cease soliciting business…

The NFT market has surged this year. Sales spiked 101.8 per cent from just one week in August, according to crypto and blockchain site Blockworks. Figures on nonfungible.com, which tracks NFT sales, show thousands of digital avatars on sale. In the last seven days, trading volume has hit more than…

Prices of Bitcoins and Ether are gaining strength, after months of being in the doldrums. Consumers will be encouraged to continue trading in cryptocurrency. This contributed article by lawyer Bazul Ashhab provides context for the surge in crypto fraud and offers tips on how to avoid crypto scams. By Bazul…

Drama is brewing in the US$613 million Poly Network heist which was discovered last week. The thief who stole the digital currencies has returned all the funds except for US$33 million worth of stablecoin USDT. The funds will be returned, said the hacker, but there is a catch. The money…

The US$613 million heist of digital coins from decentralised finance platform Poly Network was just to highlight the security failings of the platform, said the hacker. There is no interest in the money and plan was to return the digital coins. …

A pivotal moment in distributed ledger technology (DLT) development has occured in Singapore with the government investing S$50 million to create a global digital trust market in the Republic. The multi-million dollar investment over the next five years will develop digital trust capabilities which can engender greater data privacy, more…