BitGo's Singapore arm secures in-principle approval from MAS for a major payment institution licence, paving the way for non-retail investor trading. The firm plans to expand its cryptocurrency services in Singapore, targeting institutional clients with its innovative cold storage custody solution.
JoyThe decade-old crypto custody business said it could offer digital payment token services in the city-state once it obtains the full Major Payment Institution license.
ZoeyBitGo's subsidiary in Singapore secures an in-principle approval for a Major Payment Institution license, aiming to provide regulated digital payment token services. Singapore's prominence as a crypto innovation hub drives BitGo's commitment to expanding services, leveraging the region's regulatory framework and business appeal. With a strategic financing of $100 million, BitGo aims for global expansion and strategic acquisitions, emphasizing its commitment to establishing a regional headquarters in Singapore.
Huang BoBitDegree, a prominent Web3 educational hub, has launched a pioneering initiative—the world’s first gamified Web3 Exam. Unlike traditional academic tests, this educational adventure is designed as a game with three levels: Starter, Explorer, and Evangelist, catering to various levels of Web3 proficiency. Participants achieving a minimum score of 10 points in any level are eligible to mint a free NFT Certificate.
JoyTaiwanese cryptocurrency exchange Bitgin is currently under investigation for alleged money laundering activities. The focus of the inquiry revolves around the arrest of Yuting Zhang, the company's Chief Operating Officer, implicated in the "Eighty-Eight Guild Hall" money laundering case.
JasperBitdeer Technologies Group, a Singapore-based crypto mining platform, has marked a significant milestone by becoming the preferred cloud service provider (CSP) in the Nvidia partner network. This strategic move places Bitdeer at the forefront of AI development in Asia, providing customers access to the cutting-edge NVIDIA DGX SuperPOD with DGX H100 systems through its upcoming Bitdeer AI Cloud.
JoyBitGo and Goldman Sachs are partnering to develop secure, institutional-grade blockchain wallets, bridging traditional finance and the cryptocurrency world. This collaboration aims to enhance cryptocurrency adoption among financial institutions.
Cheng YuanThe acquisition follows a relatively recent fundingraising for BitGo and a partnership with South Korea's Hana Bank.
ClementThey hope to launch the venture in the second half of 2024
Clement