Bakkt has launched two new regulated bitcoin derivatives products. Within hours of launch, Bakkt announced that over 1,000 futures contracts had been traded in Asia. The platform now offers four types of regulated bitcoin derivatives products: monthly and daily physically delivered bitcoin futures, cash settled bitcoin futures, and options on monthly bitcoin futures.
Style Theory, a platform for renting designer apparel in Indonesia and Singapore, announced today it has raised $15 million in Series B funding. The startup says this is the first closing of the round. It was led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group, with participation from other investors including Alpha JWC Ventures and the Paradise Group.
The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.
In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology.
The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator Ng Yi Ming commented:
“Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems. Every idea or solution shared dur
While people may think of Singapore as a top startup city, what they may not realize is that this city-state potentially has quite a bit more to offer as a local hub when looking to scale throughout the region. This fall, we kicked off Global Launch, a program aimed at building bridges between Singapore and the Silicon Valley. This two-way program brings Singaporean startups here to San Francisco for targeted immersion and education in the heart of the Silicon Valley, and sends another group of global startups to Singapore as they prepare entry into the Southeast Asian market.
We caught up with a few startups from Batch 1 of the Global Launch – SF Program, who have scaled in Singapore and the region, and are now looking towards the US market. These founders are tackling everything from online art, t
Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities.
Per a Nov. 23 press release, BCB Blockchain contributed $300,000 to support incubators and startup accelerators in the Philippines by
Lucence Diagnostics, a genomic medicine startup that develops non-invasive tests for cancer screening, announced today that it has raised a $20 million Series A led by IHH Healthcare, one of the world’s largest integrated private healthcare groups. Other participants included SGInnovate and returning investors Heliconia Capital (a subsidiary of Temasek Holdings), Lim Kaling and Koh Boon Hwee.
The round will be used for scaling Lucence’s labs, hiring and making its products commercially available to more patients in Asia and North America.
The funding will also support two prospective clinical trials. One will focus on its technology’s sensitivity to actionable variables in late-stage cancer patients, while the other will evaluate its use for early-stage detection in several ty
Couldn’t make it to this year’s BlockShow Asia? Don’t worry. Cointelegraph has you covered with some key highlights of BlockShow Asia 2019 held Nov. 14-15 in Singapore.
Cointelegraph moderated the first crypto media gathering as BlockShow hosted well-known personalities from the cryptocurrency industry, such as Binance CEO Changpeng Zhao, also known as CZ, and Hyperledger Vice President APAC Julian Gordon.
Speaking on stage at BlockShow Asia 2019 in Singapore, True Global Ventures 3d founder Dusan Stojanovic said the time to invest in crypto collectibles is “right now.”
Some investors regard Bitcoin as a “safe haven” asset, and see high demand for it in a world of economic uncertainty. But Stojanovic sees the same value in crypto collectibles, especially in the gaming sector. He claimed that such collectibles could function as recession-resistant assets.
Crypto collectibles are a category of digital asset that are backed by non-fungible tokens — each token is unique and no two are the same. He sees great opportunities for collectibles in the near-term. “I am really bullish about gaming and non-fungible tokens,” he said. “Crypto
BlockShow Asia 2019 hosted some big names today for a panel on blockchain scalability. All the speakers agreed: people have to choose between scalability and decentralization.
The panel included Max Kordek, CEO at Lisk; Matthew Tan, founder of Etherscan; Saranya Sriram, technical lead at Microsoft Azure; and Xinxi Wang, co-founder of Litecoin Foundation. It attracted a large audience for such a super-technical discussion.
Speaking about the difficulties of scaling a blockchain to the next level, Kordek said that “blockchain scalability is a tradeoff. You can’t simply scale a blockchain for free. This is why I always laugh when I hear about projects promising 50,000 transactions per second.”
London-based fintech startup Revolut has two pieces of news to announce this week. First, Revolut is expanding to Singapore after a long beta period. The company already has 30,000 customers there and anyone can open an account now.
Singapore residents will be able to take advantage of all of Revolut’s core features. You can open an account from your phone, get a card and start spending anywhere in the world.
Revolut supports Singapore dollar as well as 13 other currencies. You can top up your account, and send and receive money from the app.
With a free account you can convert money in the app without any ma