Tag: Fintech News

Singapore Stock Exchange Enters Digital Assets Realm with New Crypto Indices Listing

Singapore Stock Exchange Enters Digital Assets Realm with New Crypto Indices Listing

Major Singapore stock exchange SGX announced its partnership with UK-based data and analytics firm CryptoCompare in rolling out brand new crypto indices under SGX’s iEdge Index Suite, focusing on the two most capitalized cryptocurrency in the market – Bitcoin (BTC) and Ethereum (ETH). The release of the iEdge Bitcoin Index and iEdge Ethereum Index is […]

Continue Reading

TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

TRON founder Justin Sun today announced the creation of a new coin – a DeFi token, to be exact, as the popular crypto industry personality jumps on the decentralized finance bandwagon with his very own $SUN token, available from September 16 onwards. Unveiled via his Twitter account, Sun states that the project is “manifesting total […]

Continue Reading

Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

Aave Grows by More Than 20,000% Since Sept 2019; Hits All-Time High at $0.88 in August

The DeFi craze has propelled more than a handful of DeFi tokens, both new and old alike, to new heights in a short few months. It was only recently that Chainlink (LINK), the DeFi sector’s largest cryptocurrency by market capitalization, rose to fifth place in the cryptocurrency market, overtaking both Cardano (ADA) and even Bitcoin […]

Continue Reading

IMF Reposts Intro Video to Cryptocurrency; Community is Not Impressed

IMF Reposts Intro Video to Cryptocurrency; Community is Not Impressed

The International Monetary Fund (IMF) recently reposted a short introductory video to cryptocurrency made in 2018 today, much to the chagrin (or amusement) of the crypto community. A two-minute explainer for beginners on how blockchain technology enables a “special currency”, the reposting of this old video can be seen as a response to more of […]

Continue Reading

East Asia Accounts for 31% of Cryptocurrency Transactions in Past 12 Months, Says Chainalysis

East Asia Accounts for 31% of Cryptocurrency Transactions in Past 12 Months, Says Chainalysis

According to blockchain and crypto research firm Chainalysis, East Asia is the world’s largest cryptocurrency market with 31% of all cryptocurrency transactions in the past 12 months happening in this region, and the reason for the growth and sustainability of the market can be attributed to professional traders and the strengthening presence of stablecoins. With […]

Continue Reading

Major Singapore Bank Says Adoption of Digital Currency Inevitable, But Demise of Cash Unlikely

Major Singapore Bank Says Adoption of Digital Currency Inevitable, But Demise of Cash Unlikely

Singapore’s DBS Bank recently released a quarterly report on the state of cryptocurrency and central bank digital currency (CBDC) with a focus on how this nascent industry will possibly impact the global economy. The COVID-19 pandemic, in particular, has catapulted CBDCs into the spotlight, where the use of digital payments is no longer just simply […]

Continue Reading

High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

Decentralized finance (DeFi) continues to hit higher-highs as the numbers for DeFi’s total market capitalization and the total locked value in DeFi projects grow without any signs of abating, week after week. The hype is understandably high with the unprecedented amount of rewards to be reaped from DeFi tokens, but with the relentless DeFi craze, […]

Continue Reading

Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS) has introduced a Code of Practice for crypto-related businesses in the country in collaboration with the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), aimed at standardizing guidelines to “help digital asset players strengthen regulatory compliance”. This is supplementary material that […]

Continue Reading

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

The latest of rising stars in the DeFi sector, decentralized exchange (DEX) aggregator 1inch recently closed a funding round led by Binance Labs and other institutional players in the market, such as Galaxy Digital, Dragonfly Capital, FTX, Loi Luu, the Founder of Kyber Network, Illia Polosukhin, the Co-Founder of NEAR Protocol and others. 1inch has […]

Continue Reading