• Singapore's DBS bank launches crypto exchange
    Cryptocurrencies,  Technology

    Singapore’s DBS bank launches previously leaked crypto exchange

    The bank will also conduct security token offerings, allowing firms to raise capital by digitizing financial assets such as shares in unlisted companies, bonds, and private equity funds

    DBS’ crypto asset trading platform will support the trading of bitcoin, ether (ETH), XRP and bitcoin cash (BCH) against the yen, and U.S., Singapore, and Hong Kong dollars. The platform could launch as soon as next week. It is 10% owned by Singapore Exchange.

  • DBS Singapore Bank crypto exchange
    Cryptocurrencies

    Singapore bank accidentally announces forthcoming cryptocurrency exchange

    Top Singapore lender DBS briefly put a webpage up announcing a multicurrency exchange with custody service, deleting the announcement within minutes

    The page—which is not available anymore—read "Digital assets are poised to be the future of tomorrow’s digital economy. [...] With DBS Digital Exchange, a bank-backed digital exchange, companies and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies.”

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets report: Bitcoin hits $13,450 highs as analyst says implied price is now $40,000

    Bitcoin’s S&P 500 correlation, if it holds, puts its implied price at $40,000, says PlanB, while worries of a retracement also surface

    Bitcoin showed continued strength above $13,000 on October 27 as concerns that a correction was due were met with fresh gains. Data from price trackers including CoinMarketCap showed BTC/USD add to its upward trajectory during trading on Tuesday, climbing to $13,455.

  • A pump jack in a canola field (via Shutterstock)
    Technology

    With Vakt investment, five of the biggest energy companies bet on blockchain

    The oil and gas industry is embracing blockchain technology for everything from tracking products to financing sales

    With the announcement on Jan. 16 that three major oil and gas firms including Chevron, Total, and Reliance Industries have joined Vakt, the energy-industry enterprise blockchain company now has five of the 10 largest oil firms by market capitalization on board.