After facing an act of infringement, Lee Hsien Loong, Prime Minister of Singapore, urged the citizens to “to remain vigilant when dealing with cryptocurrency platforms.” He observed that in BitClout, a social token platform, someone has set up a profile to sell tokens using the information from his Twitter account, without his authorized consent. Loong said: I have nothing to do with the platform. It is misleading and done without my permission. On April 2, in a Facebook post

Singapore’s blockchain industry has identified asset tracking and traceability as the top use-case for distributed ledger technology (DLT), underscoring the need for better supply chain management in a post-pandemic world. It has been reported that the findings were presented Monday in the “2020 Singapore Blockchain Ecosystem Report” by PwC in collaboration with OpenNodes, IBM, Ernst & Young, and others. However, the report, which is based on a July survey of industry players

The Australian government has launched an international blockchain trial with Singapore to promote blockchain to public servants, as the latest action in a series of pro-blockchain efforts. It has been reported that the Australia Border Force (ABF) launched a blockchain trade trial in collaboration with Singapore Customs and Singapore Infocomm Media Development Authority to test digital verification systems. Michael Outram, the Commissioner of ABF, said: “This initiative will

SGInnovate, the government-owned investment firm, and Singaporean startup Accredify have jointly developed a new blockchain-powered digital health passport, as Singapore is turning to blockchain technology for the infrastructure that can make it work. It has been reported that development work on the application, which allows personal medical data to be stored in a blockchain-secured digital wallet, began in May. However, a successful pilot in July showed that the app was cap

The Singapore Fintech Association and R3 have formed a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. On July 14 an announcement was made stating that the SFA said that startups would receive support from R3’s Venture Development program. We are delighted to collaborate with the Singapore FinTech Association [@sgfintech] to help grow the Singapore #blockchain ecosystem and introduce the value of @Cordablockchain to more #startups. R

Crypto key management platform, Torus now allows users to send cryptocurrencies through social media platforms such as Twitter, GitHub. With Torus’ latest update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if that account has never used Torus’ crypto wallet. Interact with Blockchains via Twitter, AppleID, GitHub, Line, LinkedIn and Passwordless accounts!https://t.co/SnHVIiZuff — Torus (@TorusLabs) July 6, 2020 Announced on July 6, Torus showcase

A collection of organizations teamed up to produce a “map” of Singapore’s blockchain landscape, and it’s a lot bigger in 2020 than it would have been in 2019. It has been reported at the Unitize blockchain conference that the map is supported by a Singaporean governmental agency called the Infocomm Media Development Authority (IMDA), and is mostly a collection of company logos organized by the specific business sector. However, the categories here range from corporate service

A report from the Cyber ​​Security Agency of Singapore (CSA) has revealed that ransomware attacks surged in 2019 by accounting 35 cases, compared to figures recorded in 2018. It has been reported by a “Cyber ​​Landscape 2019” study published by the Singaporean government that the entity received 35 reports of ransomware incidents in 2019. This represents a surge compared to the 21 cases reported in 2018. However, most of the attacks targeted the travel, tourism, manufacturing

Singaporean carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin (BTC) payments for its service. On June 17, Ryde announced that it claims to be the first and only ride-hailing application to incorporate Bitcoin payments into its ecosystem. Customers will be able to use Bitcoin to pay their rides starting on June 22. Ryde’s wallet- RydePay will allow its users to convert Bitcoin into Ryde coins to top up their balance and pay

Delta cryptocurrency exchange has announced the launch of interest rate swaps (IRS) on cryptocurrency rates. The swaps will be available on DeFi rates, flash rates on Bitfinex, and interest rates on the BitMEX perpetual swap. An interest rate swap is a forward contract where one stream of future interest payments is exchanged for another based on a specified principal amount. Pankaj Balani, CEO of Delta Exchange said: “Delta Exchange will be the first centralized exchange to

Top digital bank of China, WeBank has partnered with OpenNodes DLT platform by Singapore’s Infocomm Media Development Authority. WeBank will provide the FISCO BCOS blockchain platform to Singaporean academics to innovate and build on through the new partnership. The initiative seeks to offer the blockchain platform as an “innovation playground” to Singapore’s student communities to accelerate development in the field of DLT. All innovations produced through the FISCO BCOS ini

FinTech arm of Germany’s WEG Bank, Ten31 has partnered with Singaporean technology incubator, Anquan Capital. On May 15, a press release announced that the partnership will involve exploring blockchain applications within the context of banking and financial services. TEN31 Newstime We are very excited to announce today that Anqual Capital has become a partner and shareholder in TEN31 Bank. Anquan are the drivers behind @zilliqa, Anqlave and Aqilliz. TEN31 – Connecting yet

Temasek, one of Singapore’s government owned firm is among the latest companies to join the Libra Association. We’re pleased to join @Libra_ as a member. Looking forward to the potential of this #blockchain-based digital currency, and how it can help create a regulated global network for cost effective retail payments! https://t.co/E024DCgdqN — Temasek (@Temasek) May 15, 2020 Chia Song Hwee, deputy CEO of Temasek, said through a spokesperson: “Our participation in the Libra

Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, built over R3’s Corda. On May 11 The Business Times reported that DBS Bank is the first bank from Singapore to join the network. DBS Bank joins blockchain trade-finance network Contour https://t.co/Uvi2CtiYpb — The Straits Times (@STcom) May 11, 2020 The bank looks forward to digitizing its end-to-end letters of credit settlement process through the platform’s blockch

Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products. On Feb. 17 a blog post by Bithumb Official stated the two companies have signed a Memorandum of Understanding (MoU) to bring their forces together to build new services and strengthen their competitiveness in the global market. https://t.co/ZgbxdXzvT8 and Bithumb Korea are pleased to announce a strategic global partners

Binance with headquarters in Malta but also offices in cities across Asia, is attempting to expand its user base while staying regulatory compliant In Singapore. On Feb. 17 Bloomberg reported that the Monetary Authority of Singapore opened its doors to crypto by introducing the Payment Services Act while the crypto exchange applies license for it. Changpeng Zhao, Binance CEO, commented: “We submitted the application pretty fast. Binance’s Singapore entity has been in close to

Capital markets blockchain platform iSTOX passed Singapore’s regulatory sandbox and been approved as a recognized market operator and capital markets services licensee. On Feb. 3 Singapore’s The Business Times confirmed that the platform developed by blockchain infrastructure firm ICHX Tech is now fully operational and licensed by the Monetary Authority of Singapore (MAS), Singapore’s central bank. MAS which also serves as Singapore’s financial regulator launched its FinTech

Legislation regarding the operations of cryptocurrency firms in Singapore comes into effect from Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with: The Financial Advisers Act Insurance Act Securities and Futures Act Trust Companies Act The new rules pl

Cái Mép International Terminal (CMIT) of Vietnam has joined the TradeLens blockchain platform. On Dec. 19 a local publication made the announcement. CMIT is located in Ho Chi Minh City of Vietnam. CMIT is one of the largest terminals in the Cái Mép-Thị Vải deep-water gateway port complex that provides a direct link from Vietnam to European, North American and Asian markets. The general director of CMIT Jan Bandstra said that the decision to join the blockchain-based program w

The International Chamber of Commerce (ICC) has partnered with Singapore government-backed blockchain startup to reduce carbon emissions in commercial aviation. On a Dec. 10 press release ICC stated that the partnership with Perlin and blockchain-based carbon offset exchange AirCarbon will provide $40 billion for climate projects in the aviation industry. 📣 Perlin and the @iccwbo have PARTNERED with the #AirCarbon Exchange at Madrid's #COP25 to power a blockchain based carbo