NY Department of Financial Service granted license to bitcoin exchange Coinbase.
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Coinbase, which runs an exchange in Singapore, has been working with Bank of Tokyo Mitsubishi UFJ for about a year on various projects and those collaborations have culminated in a strategic investment.
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 »
Marcus Swanepoel, CEO of Luno, discusses digital currencies, Bitcoin, Ethereum, Singapore’s startup ecosystem and the growth of his exchange.
U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business. “Using bitcoin for speculative trading or people buying and selling bitcoin… Read more »
Westpac-backed VC firm Reinventure has announce a new A$50 million startup fund targeting fintech ventures in Australia.
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 »
SMBC Venture Capital and Sumitomo Mitsui Trust Investment-backed Japan Co-Invest L.P. also joined this round. Smartnews raised a bridge round of $10 million last year with a pre-money valuation of $320 million.
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 »
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 »