OKX Obtains License in Southeast Asia | Key Points | Sept. 3, 2024
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap, we will check out an importance news from neighboring country Singapore.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $58,982.19, up 2.1% over the last 24 hours.
- Ethereum (ETH): $2,517.79, up 2.8% over the last 24 hours.
- Solana (SOL): $134.11, up 3.8% vs the previous day.
Trending Coins Update
- Reef: $0.0011, up 39.4% vs the previous day.
- Flux: $0.6815, up 31.9% over the last 24 hours.
- Toncoin: $5.24, up 0.9% vs the previous day.
For the daily price update, check out our post on Facebook.
🎮 Call For Respondents! Blockchain Game Alliance Survey
🌐 The Blockchain Game Alliance (BGA) has launched its 2024 State of the Industry Survey! Your insights can shape the future of web3 gaming: https://bit.ly/bgasurvey24
Feature News: OKX Obtains Crypto License in Singapore
OKX SG, the Singapore arm of global crypto exchange OKX, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Key details:
- The MPI license, granted under Singapore’s Payment Services Act, allows OKX SG to provide key services like buying and selling cryptocurrencies and transferring money across borders.
- Gracie Lin is the new CEO of OKX SG. She has nearly 20 years of experience in finance and tech, including roles at Grab and MAS.
This development strengthens OKX’s presence in Singapore, a core market for its global expansion strategy.
- OKX is one of the world’s largest crypto exchanges, with millions of users globally.
- The new license will help the company to legally tap into Singapore’s robust financial market and attract more customers.
Future Plans: OKX SG said it will develop new digital payment token products and services tailored to Singaporean customers and build a team of experts to support its growth.
How about the Philippines? Regarding the BSP’s VASP licenses, we haven’t received any updates from OKX, but news like this, that the exchange was approved in Singapore, could prove a factor should the company decide to get licensed locally with the central bank.
Philippine Crypto News 🇵🇭
- Paytaca announced its new merchant partner in Ormoc City—Luca’s Fried Chicken.
- Bicol Blockchain Community released a teaser for the upcoming Bicol Traders Meet in Naga City this September 7.
- BitPinas Article: Olympic champion Nesthy Petecio, the new endorser of Coins.ph, emphasized the importance of financial literacy and responsible money management.
Educational Corner 🎓
After the recent closed beta testing of “Ragnarok: Monster World,” review this guide on how-to-play before the official launch.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- The SEC may challenge the FTX bankruptcy plan’s provision for repaying creditors with stablecoins.
- Qatar introduced the 2024 QFC Digital Assets Framework.
Community Spotlight 🔦
Meet Leah Callon-Butler: She is a well-known figure in the blockchain and cryptocurrency industry, particularly in the Asia-Pacific region.
- Callon-Butler is the co-founder and director at Emfarsis, a consulting firm that focuses on emerging technology and its potential to create positive social change.
- She is also known for her work on web3 gaming, where she has documented how blockchain-based games are providing new economic opportunities for people in developing countries.
- She is recognized for her work as a writer, speaker, and advocate for the use of blockchain technology to drive social impact.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- HashKey Group and Kaia partnered to accelerate web3 adoption across Asia and globally.
- Safe Haven launched Inheriti® 2.0, a multi-patented, multi-signatory, and multi-chain solution that securely backs up and transfers digital assets across blockchain networks.
- GPT Protocol launched its mainnet, aiming to revolutionize AI in web3 by providing a decentralized infrastructure for AI applications.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- The Ronin Network experienced significant growth, adding over 1.4 million new wallets in just two weeks.
- GameSwift partnered with Fetch.ai to integrate advanced AI technologies into the web3 gaming industry.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bicol Traders Meet 2024: September 7, 2024
- Blockchain Campus Conference 2024: October 10, 2024
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Chainalysis reports that Southeast Asia’s online crypto crime marketplace processed over $49 billion in illicit transactions since 2021.
- Crypto executives and industry advocates are organizing a fundraiser aiming to raise $100,000 for U.S. Vice President Kamala Harris.
- A Binance Research report highlights that blockchain technology has the potential to revolutionize the payments industry by offering faster, low-cost transactions and reducing reliance on intermediaries.
Stay Connected:
- Follow us on Twitter 🐦
- Check us out on Facebook!
- Join our Telegram group for real-time discussions!
We’d love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: OKX Receives License in Singapore | Key Points | Sept. 3, 2024
![[Guide] How To Play ‘Ragnarok: Monster World’](https://bitpinas.com/wp-content/uploads/2024/08/Ragnarok-Monster-World-Guide-1-768x402.png "[Guide] How To Play ‘Ragnarok: Monster World’ 5")
