A crypto whale deposited 4,250 ETH to DBS Bank, amassing a total of 30,555 ETH worth $104.74 million.
Singapore’s supportive regulatory environment, favorable tax regime, and strategic global financial position make it a top destination for crypto businesses.
Ken Liem sues Fubon Bank, Chong Hing Bank, and DBS Bank for allegedly enabling a $1M crypto scam. He accuses them of skipping crucial compliance checks.
OKX has partnered with DBS Bank to enable instant Singapore dollar transfers for its clients in Singapore.
Paxos has launched the Global Dollar (USDG), a US dollar-backed stablecoin, to boost stablecoin adoption globally in partnership with Singapore's DBS Bank.
Paxos launches the USDG stablecoin in compliance with Singapore's regulatory framework. Pegged 1:1 to USD, it is backed by high-quality liquid assets, with reserves managed by DBS Bank. Initially available on Ethereum, there are plans for multi-chain expansion. This follows Paxos' full approval from Singapore's MAS for crypto services.
Paxos has launched USDG, a stablecoin backed by USD, in partnership with DBS Bank and compliant with Singapore's MAS framework.
Paxos, in collaboration with Singapore's DBS Bank, has launched a new USD stablecoin, designed to align with the forthcoming regulatory framework by the Monetary Authority of Singapore.
BlackRock's Bitcoin ETF exceeds $1 billion as DBS Bank in Singapore advances blockchain innovation in the banking sector with its "DBS Token Services" for liquidity management.
DBS Bank in Singapore is offering its DBS Token Services to institutional clients, enabling tokenization and smart contracts via an EVM-compatible blockchain. This marks a significant step for institutional adoption of blockchain technology, although no plans for extending these services to non-institutional clients have been announced yet.
DBS Bank has launched a tokenized banking service for corporate clients to enhance workflow efficiency.
DBS Bank is advancing blockchain technology with DBS Token Services, aiming to revolutionize institutional banking by enhancing transaction processes and operational efficiency.
Singapore's DBS Bank launches tokenized banking services for institutional clients to optimize liquidity and streamline operations.
DBS Bank launches DBS Token Services for real-time blockchain payment settlements, leveraging smart contracts for improved security and transparency.
This week's crypto roundup covers DBS Bank's Bitcoin and Ethereum options trading, Bhutan's $780M Bitcoin holdings, and Ethereum's resurgence after hitting a low of $2,000.
DBS Bank, Singapore's largest bank, will launch OTC crypto options trading and structured notes for institutional clients in Q4 2024, offering exposure to bitcoin and ethereum.
Singapore's DBS Bank becomes first Asian bank to offer OTC crypto options and structured notes, targeting institutional investors and accredited wealth clients, primarily with Bitcoin and Ethereum.
DBS Bank introduces cryptocurrency options for corporate clients, enhancing Bitcoin's legitimacy among institutional investors.
Singapore’s DBS Bank introduced OTC crypto options and structured notes, signaling growing institutional interest in cryptocurrency.
DBS Bank will offer crypto options trading for institutional investors to gain exposure to Bitcoin and Ether in Q4.
DBS Bank will offer OTC trading of Bitcoin and Ethereum to institutional clients.
DBS Bank has launched a pilot project to use blockchain technology for government grant disbursements in Singapore.
DBS Bank piloted blockchain-based government grant payments, issuing grants via smart contracts to 27 fintech firms to enhance efficiency, governance, and transparency.
Worldcoin expands in Malaysia, DBS launches Treasury Tokens, Binance re-enters India, South Korea's NPS invests in MicroStrategy, and Hong Kong's crypto ETFs struggle to gain traction.
Paxos gained full approval from Singapore's central bank to offer digital payment token services and partnered with DBS Bank.
Nansen, a blockchain analytics firm, believes an Ethereum address holding 173,700 ETH, worth over $650 million, is controlled by DBS Bank, Singapore's largest bank.
Nansen's analysis reveals that Singapore's DBS Bank holds 173,700 ETH worth $650 million, earning over $200 million from its Ethereum holdings. Ethereum is trading at $3,743.17.
DBS Bank has addressed rumors and clarified that it is not holding a large position in Ethereum (ETH), thereby not qualifying as a crypto whale.
Blockchain analytics firm Nansen revealed DBS Bank, Singapore's largest bank, has a significant Ethereum holding. The bank's wallet contains 173,700 ETH, worth around $650 million, showing a strategic investment with over $200 million in profits.
DBS Bank's Ethereum holdings are valued at about $647 million, indicating a significant investment in the cryptocurrency.
