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Japanese corporation Line, which owns the most popular instant messenger in the country, is preparing to launch a cryptocurrency exchange in Singapore next month. According to the Financial Times, the company intends to gain an advantage over the competing WhatsApp and WeChat, by intensifying the development of operations in the segment of blockchain technologies and financial services. On the exchange, called Bitbox, users will be able to trade more than 30 cryptocurrencies. Commission, which Bitbox plans to collect, will amount to 0.1%. Line also applied for the launch of the cryptocurrency exchange in the United States.
June had seen Singapore’s non-oil domestic products advancing 16.1% from a year earlier. The reading managed to place above estimates backed by strong activity in shipments of pharmaceuticals, specialized machinery, and electronics, ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
Singapore said on Monday it is ready to release its developed blockchain-based payments network that would pave the way for faster and cheaper international settlements. The Monetary Authority of Singapore joined forces with state investor ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
The western Japan prefecture may take two more years to recuperate from the damage of the novel coronavirus crisis. The forecast was rendered by Tetsuya Kan, head of a major regional bank in Osaka, as the pandemic ransacked the city’s ...
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