Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund

Southeast Asian ride-hailing giant Grab says it has secured $1.46 billion in new funds from SoftBank’s Vision Fund. Following the fresh financing from the Vision Fund, Grab’s valuation is at $14 billion, according to a source familiar with the matter. In its current funding round, Grab has raised more than $4.5 billion with investments from…

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Singapore wealth fund ‘secretly invested’ in Coinbase: report

The sovereign wealth fund of Singapore has been revealed as a significant backer of crypto exchange Coinbase, according to a Bloomberg report. GIC Pte is reported to have been involved in a $300 million funding round held by the exchange in October 2018, according to the news outlet, citing sources close to the company. This…

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Report: Number of ICOs in Q4 2018 Increased, But Raised 25% Less Than in Q3

Initial coin offerings (ICOs) in Q4 2018 raised 25 percent less than in Q3, while the total amount of completed ICOs increased, according to a report by ICO rating service ICObench shared with Cointelegraph on Feb. 6. The number of ICOs completed in Q4 increased to 594 from 554 in Q3, the report says. With…

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Asia Token Fund, CryptoProfile, and Singapore Bitcoin Club to Partner with Pitcher Perfect

The blockchain and crypto space has witnessed numerous conference and events, some with an audience of over 3,000 and some with just a few stakeholders interacting in an intimate setup. Each one plays a critical role in its own special way. What makes these meetups and events such a quintessential part of this industry is…

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BTHMB Merges with Blockchain Industries for US Listing

US-listed Blockchain Industries, on Tuesday, announced that it has signed a binding letter of intent with Singapore-based holding company BTHMB, which is being renamed Blockchain Exchange Alliance (BXA). This reverse merger will allow the company to get fast access into the US public markets compared to the long and tedious process with the conventional initial…

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Binance Crypto and Blockchain Event in Singapore a Resounding Success

The final presentations of the Binance Blockchain Week in Singapore have concluded today marking the end of the four day event which has attracted thousands of attendees. Two Day Conference Follows Two Day Hackathon The event has been a resounding success with many of the biggest names in the industry taking the stage to promote…

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Binance Declines to Confirm Locations for Reported Crypto-Fiat Exchange

Major crypto exchange Binance plans to expand to eight new countries in 2019, according to a report from crypto outlet The Block, Jan. 17. Following the report, a Binance spokesperson has declined to confirm six of the alleged locations in comments to Cointelegraph today, Jan. 18. Just a day after the major cryptocurrency exchange launched…

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Singaporean Government Backs International Blockchain Incubator LongHash

Global blockchain startup accelerator LongHash has launched an incubation program with the aim of turning early stage blockchain ideas into real-world working businesses. Backed by the Singaporean government, the program hopes to accelerate blockchain adoption in the country. Also see: Japan’s FSA Reportedly Honing In On Crypto ETF Decision LongHash to Support Five Startups International blockchain…

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Blockchain Developer Demand Leads to Creation of Courses at Singapore Polytechnic | BTCMANAGER

Singapore Polytechnic will offer a beginners course on blockchain technology in February 2019 to help meet the rising demand for workers knowledgeable in the sector a December 22, 2018, report states. Introductory Course Details The introductory course will go over how to create cryptocurrency, as well as setting up and developing blockchain systems and smart…

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Trive Ventures Launches Government-Backed Blockchain Accelerator in Singapore | BTCMANAGER

Trive Ventures, a Southeast Asia-focused venture capital firm, is launching Tribe Accelerator, a government-backed blockchain accelerator focused on product development in Singapore, Tech in Asia reported on December 4, 2018. Singapore’s Lead Government Agency Backs Trive Venture’s New Project It seems that Singapore has yet again proven that it’s one of the most blockchain-friendly global…

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Singapore-Based VC Firm Launches Blockchain Accelerator

Early-stage venture capital firm Trive has announced an accelerator program for blockchain start-ups in Singapore. Trive (previously known as “TRi5 Ventures”), an early stage Venture Capital firm based in Singapore, has unveiled a blockchain accelerator. The program, which is backed by a government agency, aims to provide support to later-stage start-ups. The six-month program will…

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South Korea: Messaging Giant Kakao to Attract Crypto Investments in Singapore

Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies, Seoul-based media outlet News1 reported Nov. 21. According to the article, Kakao Corp established the brainchild of Kakao subsidiary Ground X, the corporation’s blockchain platform Klaytn, in Singapore yesterday. The media outlet…

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Bank of China Opens Blockchain Lab In Singapore

The Bank of China (BoC), one of the four largest state-owned commercial banks in the country, has opened a FinTech innovation lab in Singapore to spearhead its worldwide research and development (R&D) activities. Called the BOC Innovation Lab, the lab is the first of its kind for the bank and will spearhead regional and global…

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Singapore Gov't Develops Blockchain Based Security Token System

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms. Simplifying Post Trade Processes In a joint release over the weekend the MAS and SGX stated “This will…

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Blockchain Solar Energy Marketplace Launched By Singaporean Utility SP

Singapore-based utility giant Singapore Power (SP) has created a blockchain-powered maketplace for renewable energy certificate (REC). SP, one of the largest corporations in Singapore, provides electricity and gas transmission, distribution services, and market support services to more than a million customers. Since 1995, SP has been wholly owned by Singapore investment fund Temasek which in…

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Binance Partners With Southeast Asian Venture Capital Giant to Launch Fiat-to-Crypto Exchange in Singapore

Vertex Ventures invests in cryptocurrency exchange platform giant Binance to establish a fiat-to-crypto exchange service in Singapore. Vertex is a subsidiary of Temasek Holdings, and is Southeast Asia’s oldest venture-capital establishment. Details of the Deal In a press release from Accesswire published on Tuesday, October 23, Vertex Ventures network announced its strategic partnership with Binance to launch Binance…

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National University of Singapore Launches Academic Blockchain Research Center

The National University of Singapore (NUS) has announced the launch of the Cryptocurrency Strategy, Techniques and Algorithms (CRYSTAL) Center, an academic research lab and think tank that intends to solve the most-pressing issues in the blockchain and cryptocurrency industry and become one of the world’s foremost research centers focusing on blockchain technology. Led by a…

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Singapore Central Bank Calls Blockchain 'Fundamentals’, Not 'Technology'

Plans of Monetary Authority of Singapore(MAS) An annual Blockchain and cryptocurrency forum was conducted by CoinDesk at the Singapore for the first time. Head of  Technology Infrastructure Office at Monetary Authority of Singapore, Damien Pang stated, ““We take an approach where our regulations aim at the purpose rather than the technology platform itself.” Amidst the…

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Crypto Exchange Upbit Operator To Open Crypto Exchange In Singapore

Dunamu, operator of South Korean crypto exchange Upbit, is planning to launch a digital currency exchange in Singapore next month. In February of this year, Dunamu, an affiliate of South Korean chat giant Kakao, set up a branch in Singapore as part of its active push to expand across the Asian market. The firm said…

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Crypto Exchange Binance To Open Crypto-Fiat Exchange In Singapore

Binance, one of the world’s largest crypto exchanges by market capitalization, will be launching its crypto-fiat exchange in Singapore in private beta tomorrow, September 18. The plans was revealed by Binance CEO Changpeng Zhao while speaking at a recent blockchain event in Singapore, then announced it on his Twitter profile. “I just slipped that we…

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