Coinbase establishes Singapore operations

Posted by & filed under Technology

US-based Coinbase, a global Bitcoin major, and one of the largest US-based bitcoin ventures, has launched retail buy-and-sell operations in Singapore and Canada as part of its business expansion and strategic objective of growing the usage of the digital currency globally. Unlike conventional fiat currencies, Bitcoin is digital commodity money traded… Read more »

Bitcoin sinks after hackers steal $65m from exchange

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Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing its two-day drop to 13 percent. Prices also sank 6.2 percent on Monday, although… Read more »

Former Citi chief executive Pandit invests in payments firm Transferwise

Posted by & filed under Deals & Investment

Former Citigroup Chief Executive Vikram Pandit has taken a stake in London-based currency transfer startup Transferwise, adding to his portfolio of financial technology investments. “Thrilled to welcome Vikram Pandit, previously CEO of Citi to join TransferWise as an investor,” Transferwise co-founder Kristo Kaarmann tweeted on Tuesday. Transferwise said Pandit invested… Read more »

BitX-Coda Payments partnership enables merchants to trade in Bitcoin

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Southeast Asian payment gateway Coda Payments has established a partnership with BitX to offer bitcoin as a payment option for the online transactions. Markets targeted by this agreement include, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore. Coda Payments has been accepting bitcoin as a payment method in Indonesia and Malaysia. The latest agreement with… Read more »