Crypto Payments: Canada and Singapore Central Banks Send Each Other Digital Currencies

By The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for … Read more

$41 Billion Flash Crash Leaves Singapore’s Stock Market Stunned: What Happened?

singapore stock exchange sgx flash crash

By Jardine Matheson shares listed on the Singapore Exchange (SGX) took a sudden 83 percent dive worth $41 billion on Thursday morning before making an equally quick recovery. The stunning movement, which took place in a matter of minutes, sparked a temporary market panic as stock market investors struggled to dump their stocks before … Read more

Billionaire Brexiteer Dyson Sparks Accusations of Hypocrisy after Moving UK Headquarters to Singapore

British appliance maker Dyson Ltd has announced that it is moving its headquarters from its home country. Dyson which is 100% owned by founder Sir James Dyson, will be relocating to Singapore. This is a blow to the UK government as it comes at a time when uncertainty over Brexit is becoming a key concern … Read more

Singapore’s National Energy Provider Launches Blockchain Marketplace for Green Energy

Singapore Blockchain

Singapore’s national electricity and gas provider has launched blockchain-powered trading of renewable energy certificates in a new marketplace. The blockchain is designed and built in-house by the company’s own team of digital energy experts to “ensure the security, integrity and traceability” of every renewable energy certificate (REC) transaction, Singapore Power (SP) said in a press … Read more

Hong Kong and Singapore Prove Safe Havens for ICO Listings

Singapore FinTech Festival

The ban on ICOs in China is sending blockchain startups that are looking to raise funds into the arms of rival Asian regions. In particular, blockchain startups are increasingly flocking to Hong Kong, where there’s more freedom than Mainland China, and Singapore to launch their token sales, according to market participants cited in a report in … Read more

Singapore, Canadian Central Banks Unite on Blockchain Cross-Border Payments

Singapore cryptocurrency ICO

Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a notable partnership with the Bank of Canada on cross-border payments using blockchain. On the second day of the week-long Singapore FinTech Festival today, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, … Read more

IBM Partners NUS to Train Students on Blockchain in Singapore

The National University of Singapore (NUS), the country’s largest university by curriculum offered and student enrollment, is collaborating with IBM to develop educational modules on blockchain technology. Come January 2018, students at the National University of Singapore’s School of Computing can expect to be trained on financial technologies with a focus on blockchain and distributed … Read more