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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.
Nebraska’s Department of Banking and Finance has approved an application from blockchain-based financial service provider Telcoin to become the state’s first Digital Asset Depository Institution.
Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. The company currently has no plans to directly enter Southeast Asian jurisdictions.
Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. By integrating Alterya’s tools with the Chainalysis blockchain data platform, the partnership seeks to improve fraud detection across digital payment systems.
While you don’t always need a cryptocurrency wallet to trade blockchain assets, using a good wallet to facilitate exchanges is a matter of common sense. In any case, the increasing prevalence of cyber threats targeting cryptocurrency holders means that you must choose a wallet with credible theft protection features.
Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate. The acquisition aligns with Chainalysis’ mission to build trust in blockchain ecosystems by integrating Hexagate’s machine learning-based threat detection and prevention technology, benefiting chains, protocols, and exchanges.
The partnership will enable users of Ingenico’s platform globally to accept payments in cryptocurrency. ” The partnership between Fenergo and Boerse Stuttgart Digital will speed the onboarding of banks, brokers, and asset managers ready to launch their own cryptocurrency and digital asset offerings. .
This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.
PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain.
While youdontalways need a cryptocurrency wallet to trade blockchain assets, using a good wallet to facilitate exchanges isa matter ofcommon sense. 4) Offline Storage (Cold Wallets) Cold wallets store cryptocurrencies offline,making thempractically invulnerable to online hacking attempts.
The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments. KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem.
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.
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. The blockchain sector is notorious for overpromising and underdelivering.
PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. PEXX said that the goal is to provide users with updated information on blockchain technology, cryptocurrencies, and regulatory developments, enhancing their decision-making process.
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.
Changelly , an instant cryptocurrency exchange platform, marks two major milestones: expanding its cryptocurrency support to 1,000 coins across 185 blockchain networks. ” In addition to expanding its cryptocurrency offerings, Changelly has grown its partner network to over 600 companies, up from 500. .
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.
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.
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.
Bridging the Gap: A Collaborative Approach to Blockchain & Crypto Partnerships with Shayaan Khanna at Mastercard As recently as 2022, it seemed as though blockchain and cryptocurrency companies were about to reshape large swathes of the global financial sector right away.
Several years ago, we began testing cryptocurrency transfers to better understand the technology as it relates to payments and immediately saw the value it could provide, says May Zabaneh, VP of Product at PayPal. ii) Privacy concerns: Using PYUSD involves blockchain tracking due to centralized control.
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.
Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning. and Brazil.
Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Almond’s proprietary Settlement Optimization Engine (SOE) is transforming how the world thinks about cross-border payments through blockchain-driven protocols. Our SOE works the same way.
Nonprofit pro-cryptocurrency group Stand With Crypto has formed a political action committee (PAC) to support candidates who are encouraging of cryptocurrency and blockchain developments in the upcoming US elections.
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.
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.
Catalysing business growth by integrating crypto payments into the retail sector, cryptocurrency exchange KuCoin has launched a new merchant solution, KuCoin Pay. KuCoin Pay will reduce transaction fees and facilitate immediate settlement of crypto payments, aligning with the company’s goal of enhancing the blockchain ecosystem.
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.
Cryptocurrency Payments Grow by 70% Year Over Year. Cryptocurrency is no longer just for tech enthusiasts. Over 420 million people globally own cryptocurrencies, and businesses accepting crypto payments grew by 70% in the past year. This not only meets customer expectations but also reduces friction in the checkout process.
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.
Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
Félix Pago uses blockchain and artificial intelligence (AI) to power its chat-based platform which makes financial services more accessible for those in historically underserved regions. Félix Pago uses blockchain to bring greater security and speed to users of both companies. And cryptocurrencies allow for that.”
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.
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.
Blockchain Festival Asia When: 8 March 2025 Where: Marina Bay Sands, Singapore The Blockchain Festival Asia is the go-to event for professionals, industry leaders, and newcomers interested in blockchain, cryptocurrency, DeFi, GameFi, NFTs, mining, payment systems, and investment opportunities.
Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. Education also plays a key role, with leading universities including the National University of Singapore (NUS) and the Singapore Management University (SMU), offering specialized blockchain programs.
The ADAPT Centre at Trinity College Dublin is partnering with the leading provider of digital asset infrastructure for financial institutions Ripple, to establish the Ripple Blockchain Collaboratory, a new initiative that will focus on advancing research into blockchain, cryptocurrency, cybersecurity, and FinTech.
” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
A new coalition uniting blockchain foundations, universities, and NGOs in a commitment to leveraging blockchain technology for social good has been announced. Partnering with Web3 communities, crypto exchange Bybit has unveiled the Blockchain for Good Alliance (BGA). The Blockchain for Good Alliance embodies this journey.
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.
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.
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