PDAX Steels Itself for Impact of Bitcoin Halving on Cryptocurrency Landscape

In a recent address at the “What’s Halvening? Token Tales and Toasts” gathering in Rockwell, Makati City, PDAX CEO Nichel Gaba shed light on the platform’s preparedness for the anticipated Bitcoin halving. This process is integral to the cryptocurrency sector,

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UBX Introducing Philippine Peso Stablecoin on Polygon to Enhance Remittances

UBX, the digital subsidiary of the Aboitiz Group, has disclosed its plans to launch a stablecoin pegged to the Philippine peso, utilising the Polygon PoS blockchain technology. This initiative is aimed at enhancing the efficiency and cost-effectiveness of remittance processes

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Philippines’ SEC Moves to Block Binance Amid Licensing Concerns

In a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently. This move comes after the SEC’s decision, during their meeting on

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List of Licensed Cryptocurrency Exchanges in the Philippines

In the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalisation of the country’s payments, but also by the progressive stance towards cryptocurrency exchanges. As the global cryptocurrency markets have endured waves of positive and

Read More Achieves Record Trading Volume with Coins TradeDesk in Early 2024

In a notable development at the outset of 2024,, the most established Bitcoin and cryptocurrency exchange market in the Philippines, announced that its service Coins TradeDesk has achieved a trading volume of over P8 billion in January alone. Coins

Read More Marks 10th Anniversary with 10% USDC Rewards Initiative in February

To mark its tenth anniversary, local market cryptocurrency exchange has initiated a program to offer 10% rewards on USDC holdings to its users during February under its HODL and Earn scheme. This initiative, running from the 1st to the

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SEC Slaps P1 Million Fine on CryptoAsset Trading Following Scam Accusations

The Securities and Exchange Commission (SEC) has recently enacted measures against CryptoAsset Trading OPC by revoking its certificate of incorporation and levying a fine. This step was taken in light of the firm’s engagement in unauthorised investment solicitations, which strayed

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Moneybees and PSulit Expand Physical Crypto Access with JK BitcoinHub Launch

Virtual asset service provider Moneybees has broadened the physical availability of its cryptocurrency exchange offerings in a collaboration with PSulit Money Changer, with the inauguration of JK BitcoinHub at Molito Commercial Complex in Alabang, Muntinlupa City. This move forms part

Read More Secures Registration to Operate in Australia in 2024

Blockchain-enabled financial services platform has recently announced its expansion into the Australia market, slated for 2024. This announcement follows the company’s Australian division successfully securing a Digital Currency Exchange registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC),

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PDAX Expects Trading Volume Surge For VASPs Amidst Binance Exit

The Philippine Digital Asset Exchange (PDAX) is anticipating a surge in cryptocurrency trading volumes within the Philippines, following the imminent departure of Binance, a leading global cryptocurrency exchange. PDAX CEO Nichel Gaba envisions the expected departure of Binance, which has

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