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Thinking about diving into the world of cryptocurrency in Singapore? In this guide, well walk you through everything you need to know on how to buy cryptocurrency in Singapore. What is Cryptocurrency? Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology.
More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .
Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. Bitcoin can already scale larger than that with existing hardware for a fraction of the cost.
Global payment orchestration platform FinMont has announced a new partnership with BitPay , the world’s largest provider of Bitcoin and cryptocurrency payment services. The strategic partnership will see the addition of cryptocurrency to the FinMont payment ecosystem allowing merchants to utilise payments from all cryptocurrencies.
Lunu Pay , a leader in Web3 payment solutions, is excited to announce its collaboration with Ingenico , a global innovator in payment acceptance and services, to bring cryptocurrency payments to physical retail stores.
Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.
Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures will consider investing in any blockchain -related projects, ranging from pre-seed to series A.
Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.
Players using the cryptocurrency gaming platform, PeerGame , will now be able to integrate their crypto wallets into the platform, enabling quick and easy-to-navigate transactions to take place, following a continued partnership with the digital wallet firm, HandCash. Its hard to go back after you experience PeerGame.
In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. Cryptocurrency, such as Bitcoin, Ethereum, and others, operates on decentralized blockchain networks, enabling secure, peer-to-peer transactions without the need for intermediaries like banks or financial institutions.
With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Unlike cryptocurrencies like Bitcoin and Ethereum, stablecoins are pegged to fiat currencies, which means their values remain stable, reducing financial risks.
Blockchain, once synonymous with cryptocurrencies like Bitcoin, is now transforming digital payments and fiat currency transactions. In payments, blockchain provides improved transparency with immutable transaction records, faster processing times by eliminating intermediaries, and stronger security via encrypted data.
In a public announcement, the FBI detailed that the malicious actors swiftly converted the stolen assets into bitcoin and other cryptocurrencies, dispersing them across numerous blockchain addresses. This incident, referred to by the FBI as “TraderTraitor,” marks one of the largest digital currency heists to date.
The Texas Blockchain Council (TBC), a non-profit industry association, has initiated legal action against the Energy Information Administration (EIA) over cryptocurrency mining data collection.
Blockchain technology, initially synonymous with cryptocurrencies like Bitcoin , has evolved beyond its origins. This article delves into the diverse ways blockchain is reshaping fintech, focusing on smart contracts, cross-border transactions, and enhancing transparency and security.
Cryptocurrency and blockchain-based payments Cryptocurrencies are digital assets that leverage blockchain technologyi.e., Miners or validators verify the transaction on the blockchain. Once confirmed on the blockchain, contactless crypto transactions are final and irreversible. They expect to tap and go.
Cryptocurrencies have rapidly gained prominence over the last decade, presenting both opportunities and challenges for individuals, businesses, and regulators alike. However, the taxation of cryptocurrencies is a complex matter, with varying approaches and inconsistent frameworks across jurisdictions.
Following a successful pilot project in December 2024, where residents could pay their taxes using major digital assets including USDT, Bitcoin and Ethereum through the Keepz platform, Georgia becomes one of the first countries in the world to provide an official crypto payment channel for public services.
Blockchain and cryptocurrency have massive potential to help vulnerable and underrepresented communities. Evidence of this can be seen with the launch of Paystand.org, the corporate social responsibility (CSR) arm of Paystand , the blockchain-enabled commercial payments platform.
Cryptocurrency demands are growing in the US, with consumers looking for more options and reliability when delving into the world of decentralised currencies. Millions of US citizens will now be able to purchase cryptocurrencies through the COCA platform and securely store them using multi-party computation (MPC) technology.
We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Dissect the common misconceptions between digital assets and cryptocurrencies and how they can be corrected. Find out how blockchain is being used outside of crypto.
Technology The decentralised network connected through a network of computers or nodes underlies blockchain technology, synonymous with cryptocurrencies. Blockchain protocols are the guidelines or rulebooks that determine how a blockchain works. Web1 was read-only, Web2 is read-write, and Web3 will be read-write-own.
Our monthly focus now turns to the most well-known form of digital assets : cryptocurrencies. Since Bitcoin’s inception in 2009, the crypto world has jumped from one height to the next continually breaking records. But what is keeping this momentum going?
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. However, these networks often operate in isolation, limiting the potential of blockchain technology.
The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.
As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Cryptocurrencies followed closely behind CBDCs, with 23.5% Institutional investors focus on digital assets.
Every four years, the crypto world gears itself up for what has historically been a very exciting time in the industry: the Bitcoin (BTC) halving. For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? Miners now get 6.25
London, United Kingdom, March 4th, 2025, FinanceWire Cryptocurrencies have evolved beyond speculation, emerging as critical components of modern investment strategies. As the digital economy expands, assets like Bitcoin and Ethereum are becoming crucial in long-term portfolio strategies.
Bitget Research has attributed much of this growth to favourable local crypto regulations in the Middle East, the approval of Bitcoin ETFs , and the increasing attractiveness of digital assets amid a market upturn. Meanwhile, 34 per cent of users are cryptocurrency traders, and 22 per cent use them for daily payments.
In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 billion in 2022, new data released by blockchain analysis firm Chainalysis reveal. billion, representing a 39% year-over-year (YoY) decline from US$39.6 and 54.3%, respectively. Together, sanctioned entities and jurisdictions made up a combined US$14.9
Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. The adoption of blockchain technology has further revolutionized cross-border P2P transfers. Blockchain-based platforms, such as Ripple, have reduced the cost and time associated with international transfers.
But how is this approval different to Bitcoin’s in January? On 23 May 2023, the SEC approved a spot Ethereum ETF meaning that, to begin with, certain investment firms could now offer an ETF of the cryptocurrency. The US is the largest market for ETFs in the world, and where the US moves, others usually follow.
2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings. Lightspeed partners expect this trend to gain even more momentum into 2024.
Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.
The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities and Exchange Commission earlier this year for one, has boosted sentiment while across the globe, governments are actively working towards spelling out new rules for this asset class, suggesting much potential for further growth and development.
” Bitcoin to accelerate digital wallet growth? Kadan Stadelmann, CTO of Komodo Kadan Stadelmann , CTO of Komodo , the end-to-end blockchain infrastructure solution provider, says: “I think we’ll see more nation-states start to support Bitcoin and other cryptocurrencies.
The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5
With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. So with the year drawing to a close, here are a few recent crypto- and blockchain-oriented headlines that you might have missed.
Singapore, Singapore, December 10th, 2024, FinanceWire FBS , a leading global broker, highlights the resurgence of alt-season, a phase in the cryptocurrency market characterized by the growing prominence of altcoins. The 2024 alt-season reflects evolving trends in blockchain innovation, with projects like Fetch.ai
In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. Ransomware payments using cryptocurrencies reached US$1.1
On January 14, 2019, the Singapore Parliament passed its comprehensive Payment Services Act (PS Act), replacing the former Payment Systems Oversight Act and Money-Changing and Remittance Businesses Act to broaden the scope of regulated payment activities to include emerging trends and industries like digital assets and cryptocurrencies.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product.
” NFTs and crypto are linked Where cryptocurrencies succeed, NFTS will too, according to Karen Jones , founder and CEO of Citywealth , the wealth management platform. My bet would be that either financial instruments (real-world assets) or games will make NFTs more mainstream.”
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