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Singapore News and Articles

DBS ready to launch crypto exchange

Singapore’s DBS Bank will Launch its Crypto Exchange


The crypto adoption process has been growing. Singapore's largest bank DBS has decided to be a part of it. On 27 October the bank published about the launch of its “DBS Digital Exchange”, which has probably been deleted afterwards. Anyway, there are a lot of screenshots distributed in the...


Singapore's blockchain ecosystem has grown by 50% since 2019


Singapore’s blockchain ecosystem now has 234 companies. Such statistics were provided by a group of organizations, which also compiled a “map” with the logos of these companies. It turned out that since 2019, the number of blockchain companies has grown by more than 50%. The map, which was...


East Asia is most prepared to implement FATF principles


CoolBitX founder Michael Ou says Asian countries are leading the way in introducing a “travel rule” for the FATF, which should be offered no later than June 2020. CoolBitX itself has developed a solution to implement the travel rule called Sygna Bridge. It allows exchanges to communicate with...

dForce hack

Customers of the hacked dForce got back their $25 million


The management of decentralized finance service dForce announced a plan for the redistribution of assets after an attacker returns all funds stolen from the site in the amount of $24.9 million. Over 90% of assets have been distributed to users in less than 24 hours. 100% users have been made whole...

Binance Singapore crypto license

Binance will receive a new crypto license in Singapore


Cryptocurrency exchange Binance has applied for a license to work in Singapore under the new law on payment services, according to Bloomberg. “We quickly applied. Singapore-based Binance has close contact with local regulators, and they have always been open to new things, ”said Binance CEO...

Bitcoin ransomware Mark Cheng

Eco-activist paid ransomware 1.4 million baht in bitcoins


Avelife's cofounder of social and environmental projects in Singapore, Mark Cheng, has been abducted by a business partner in Thailand. The extortionist demanded a ransom of 1.4 million Thai baht (about $46 thousand), writes The New Paper. On January 9, Cheng, along with his colleague Lee Wei Kim,...

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