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Singapore Grads to Get Certs on Blockchain

Singapore Grads to Get Certs on Blockchain

Starting this year, 18 educational institutes in Singapore will be issuing their graduates with certificates that can be verified on blockchain, according to tech media outlet Tech in Asia. These institutions will be using a solution provided by OpenCerts, which bills itself as “an easy way to check and verify your certificates”. The open source state project is still in the …


Singapore, Canada Central Banks Conduct First Cross Border Blockchain Digital Currency Exchange

Singapore, Canada Central Banks Conduct First Cross Border Blockchain Digital Currency Exchange

The Monetary Authority of Singapore (MAS) and the Bank of Canada have set the trend becoming the first central banks to use DLT for a digital cross border payment. MAS linked up with its Canadian counterpart Project Jasper via its own pilot payment network Project UBin in a cooperative attempt to lower the cost of cross-border payments via blockchain, and …


Two Men Charged as Dubious OneCoin Hits Singapore

Two Men Charged as Dubious OneCoin Hits Singapore

OneCoin, a cryptocurrency listed as fraudulent in the US, has become the subject of a court case in Singapore with two men currently held under arrest for promoting a multi-level marketing scheme. The men currently being held are facing charges for incorporating a company called One Concept Pte Ltd in violation of Singapore’s Multi-Level Marketing and Pyramid Selling (Prohibition) Act. …


BMW, Intel Partner with Singapore Government Blockchain Accelerator

Singapore’s government-backed blockchain accelerator Tribe has taken on automotive giant BMW Group Asia, technology corporation Intel and US data company Nielsen as corporate partners. The accompanying press release for the strategic partnership dictates that Intel will provide ”privacy, security, and scalability,” while Nielsen is praised for providing a ”safe” sandbox for the accelerator participants. Tribe Accelerator said the diverse backgrounds and expertise of …


Singapore Sovereign Wealth Fund GIC May Be One of Coinbase’s Backer

The cryptocurrency industry continues to elicit interest from mainstream financial services, the recent one being Singapore’s sovereign wealth fund GIC Pte. According to Bloomberg, it appears that the fund may have been involved in Coinbase’s USD 300 million funding round last year, citing people familiar with the matter, although neither of the companies had provided insight on the matter. However, …


Ethereum Foundation Awards $5 Million Grant to Parity Technologies for Ethereum 2.0

Ethereum Foundation Awards $5 Million Grant to Parity Technologies for Ethereum 2.0

In a blog post by the Ethereum Foundation yesterday, the non-profit arm of the Ethereum development network announced a grant of USD 5 million awarded to UK-based Parity Technologies. It would seem the grant was given to Parity Technologies to fund developments of Ethereum 2.0 in the areas of scalability, usability, and security. Specific areas of interest highlighted included Parity’s …


Crimean Blockchain Cluster Attractive to Foreign Investors, Says Muradov

Crimean Blockchain Cluster Attractive to Foreign Investors, Says Muradov

A press release published today by major local news media RIA Novosti says there is an increase in the demand for blockchain products and services within the Crimean region by foreign companies. Vice-Premier of the Crimean Government Georgy Muradov told the news agency that the blockchain hub and their potential is of particular interest to the Chinese. He said: “Our Chinese …


3,085 Bitcoins Subject of Singapore’s First Bitcoin Trial

3,085 Missing Bitcoins Subject of Singapore's First Bitcoin Trial

The first cryptocurrency trial in Singapore involving a claim of some BTC 3,085 due to a trade reversal by Quoine exchange began yesterday in Singapore International Commercial Court (SICC). On 19 April 2017, market maker B2C2 sued Quoine for the unauthorized reversal of 7 trade orders amounting to BTC 3,092 placed by the plaintiff on the defendant’s exchange platform. Quione …


Swiss State Secretary: Standards Not Regulation Will Boost Crypto Market

Swiss State Secretary: Standards Not Regulation Will Boost Crypto Market

Switzerland’s State Secretary has commented that fintech has moved beyond “hype-cycle” into a stage where standards are now more important than regulation. Secretary Joerg Gasser was speaking at this week’s Singapore Fintech Festival. The Swiss minister pointed out the increased demand for fintech regulation internationally was not necessarily in the best interest of promoting the industry. Improved market efficiency within …


Singapore Token Day Puts Crypto Center Stage on Bitcoin’s 10th Birthday

Singapore Token Day Puts Crypto Center Stage on Bitcoin's 10th Birthday

Singapore Token Day celebrated Bitcoin’s 10th anniversary with its own event to promote cryptocurrency and blockchain adoption on the South East Asian peninsula. The organizers promised that Singapore Token Day would be a national event lasting over two weeks between 31 October to 18 November, with a view to informing the uninitiated about all things cryptocurrency. The hope is that …


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