Blockchain
Coins.ph’s TradeDesk Surpassed US$1 Billion in Crypto Trading Volume This Year
Philippines’ cryptocurrency exchange Coins.ph revealed that its TradeDesk service has surpassed a trading volume of US$1 billion in 2023. TradeDesk, launched in November 2022, caters to high net worth individuals and institutional clients, offering a personalised over-the-counter trading experience in
Read More
Coins.ph and Paxos Streamline Remittances with PayPal USD Stablecoin
Philippines’ cryptocurrency exchange Coins.ph has partnered with Paxos Trust Company, a New York-based blockchain infrastructure platform, for more efficient cross-border remittances with PayPal USD (PYUSD). With PYUSD now available on Coins.ph, this collaboration aims to facilitate easier fund transfers for
Read More
UnionBank Gets Approval as Virtual Asset Service Provider in the Philippines
Union Bank of the Philippines recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). According to UnionBank this makes them
Read More
YC-Backed Cera Brings Stablecoin-Based U.S. Stock Investing to the Philippines
Cera, a U.S. stock trading platform backed by Y Combinator, has announced its beta launch in the Philippines through a partnership with digital asset custody and infrastructure firm Fireblocks. The platform allows Filipinos and anyone anywhere in the world to
Read More
Coins.ph and Circle to Drive Awareness of USDC-Denominated Remittances
Coins.ph, a Philippines-based cryptocurrency exchange and digital wallet provider, has partnered with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. The partnership aims to drive awareness of USDC-denominated remittances as a secure, low-cost and near-instant solution
Read More
BSP Picks Hyperledger Fabric for CBDC Pilot Project
The Bangko Sentral ng Pilipinas (BSP) has selected Hyperledger Fabric as the distributed ledger technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot project, Project Agila. Formerly known as Project CBDCPh, Project Agila aims to test the use
Read More
SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX
The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by lessons learned from the fall of Bahamas-based cryptocurrency exchange, FTX, in late 2022. The SEC Chairperson, Emilio B. Aquino, expressed
Read More
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3
Read More
Direct Agent 5 Secures Crypto, E-Money and EPFS Licenses From BSP
Direct Agent 5 (DA5), a provider of remittance and forex services, has secured three licenses from the Bangko Sentral ng Pilipinas (BSP). Among them are approvals to operate as a Non-Bank Electronic Money Issuer (EMI), Virtual Assets Service Provider (VASP),
Read More
UnionBank Expands Its Partnership With Hex Trust to Enter The Sandbox Metaverse
Union Bank of Philippines (UnionBank) announced its entrance into the The Sandbox metaverse, a decentralised gaming virtual world and a subsidiary of Animoca Brands, by leveraging Hex Trust’s digital asset custody services. Since March 2021, Hex Trust has been a
Read More