News by results: Singapore

Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade

The Singapore government, along with an array of the world’s major financial and manufacturing companies, has formed an alliance to promote the adoption of digital technologies in trade and commerce.

DOJ charges cryptocurrency miner for stealing $5M worth of computing power

The U.S. Attorney's Office for the Western District of Washington has formally charged Ho Jun Jia, a Singapore citizen, for allegedly stealing computing power and services to mine cryptocurrencies.

IBM, Citi, Ubisoft back Singapore blockchain accelerator for late-stage start-ups

Tribe Accelerator, a homegrown blockchain accelerator backed by Enterprise Singapore, on Wednesday announced that IBM, Citibank and Ubisoft have come on board as corporate partners for the second edition of its four-month programme.

Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme

Singapore's central bank and financial watchdog issued an official warning, stating that the agency has become aware of a website that invited online users to invest in Bitcoin via an article containing falsified claims.

SWIFT settles cross-border payment in 13 seconds in a global trial

Interbank messaging giant SWIFT has settled a cross-border payment, from Australia into Singapore, in just 13 seconds in a global trial.

Exchange Behemoth Binance Opens Singapore Branch

Binance, the largest crypto exchange by trading volume, according to CoinMarketCap, launched a Singapore syndicate, the third such operation in its ecosystem.

Security Token Platform iSTOX Admitted to Central Bank Sandbox

iSTOX, a Singapore Exchange-backed security token platform, has been admitted into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), the country’s de facto central bank.

Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2.

Insurtech: Automating insurance claims with blockchain

Many insurance players and start-ups around the world are experimenting with blockchain to improve their processes. One emerging area of focus is using the technology to automate claims.

IBM Blockchain is Live and Bank-Issued Stablecoins Are On Their Way

Six international banks are planning to issue their own stablecoins on IBM’s Stellar-powered money wiring service, IBM and Stellar announced Monday.

SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting

Financial messaging giant SWIFT has teamed up with the Singapore Exchange and four banks to trial a platform for e-voting based on blockchain tech, the firm said Tuesday.

Singapore State-Owned Fund Backed Coinbase’s $300 Million Raise: Report

GIC Private Limited, a Singapore government-owned wealth fund, reportedly backed Coinbase’s $300 million funding round last year.

Current ICO Market Is Bigger Тhan at the Start of 2017, Data Shows

While the initial coin offerings (ICOs) market is currently smaller than it was in 2018, it is still larger than it was at the beginning of 2017, data on crypto analytics website CoinShedule reveals as of Feb. 13.

StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24.

Singapore Central Bank Publishes Updated ICO Guidelines

The Monetary Authority of Singapore (MAS) has updated its guide for businesses that want to raise capital via initial coin offerings (ICOs).

Former Huobi Executive Floats New Cryptocurrency Exchange in Singapore

It would seem that tech entrepreneurs like James Ju aren’t put off by the current state of the cryptocurrency market, so much so that he has rounded up a group of investors to fund his latest venture of opening a crypto exchange.

Singapore’s Stock Exchange Clarifies Rules for Listed Firms Issuing ICOs

Singapore Exchange (SGX) has clarified the rules for publicly listed companies planning to conduct initial coin offerings (ICOs).

Singapore's Central Bank, SGX Develop Blockchain Settlement System

The Monetary Authority of Singapore (MAS) and the country's stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains.

Singapore Exchange Successfully Trials Blockchain for Tokenized Assets Settlement

Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11.

Singapore Power Unveils Blockchain Market for Renewable Energy Trading

Singapore Power Group, the country's energy utilities provider, has launched a blockchain-powered marketplace for renewable energy certificates (RECs).