Thai crypto exchange Bitkub turns unicorn after banking giant buys stake

BANGKOK (BLOOMBERG) – Bitkub Online became Thailand’s latest start-up to notch up a valuation of more than US$1 billion (S$1.35 billion) after it sold a majority stake to the nation’s biggest bank by market value. Bitkub’s coin tripled in value after the deal was announced. Siam Commercial Bank (SCB), in

Cryptocurrency Ether hits all-time high of US$4,400

HONG KONG (REUTERS) – Ether, the world’s second-largest cryptocurrency, hit an all-time high on Friday (Oct 29), a little over a week after larger rival Bitcoin set its own record. As cryptocurrency markets have rallied sharply in recent weeks, Ether is up more than 60 per cent since its late

Binance can't be supervised properly, says UK financial watchdog

LONDON (REUTERS) – The world’s biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain’s Financial Conduct Authority (FCA) said in a document published on Wednesday (Aug 25). The exchange has come under pressure from regulators across the world in past

Crypto exchange gets Singapore nod on digital token services

(BLOOMBERG) – The Monetary Authority of Singapore has granted an “in-principle approval” under the Payment Services Act to cryptocurrency exchange Independent Reserve, allowing it to operate as a regulated provider for Digital Payment Token services. It’s one of the first virtual asset service providers to obtain an in-principle approval letter

Bitcoin reverses weekend rally to drop below US$40,000

HONG KONG (BLOOMBERG) – Bitcoin retreated on Monday (August 2) back below US$40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency fell as much as 4.9 per cent and was trading at US$39,790 before noon in Hong Kong. Other virtual coins, including second-ranked Ether,

Celebrate blockchain – whether you're for or against Bitcoin

SINGAPORE – Even after the recent correction to the price of Bitcoin, the asset has more than tripled in value from a year ago. The rise of the highly volatile cryptocurrency has been remarkable, but it has also divided opinion. Is this an innovative global currency or a speculative bubble?

Trading app may curb Bitcoin buying this weekend if market goes wild

NEW YORK (BLOOMBERG) – Retail investing platform eToro is fielding so much demand for Bitcoin and other cryptocurrencies that it warned customers they may encounter “possible limitations” filling orders. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support buy orders over the weekend,”