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Binance ban off the cards, says Philippine trade and industry department
11.7.2022
The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank
Policy think tank asks Philippine government to ban Binance over promotions
7.7.2022
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country
New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory
22.6.2022
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money...
Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
12.6.2022
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets...
Crypto exchange Binance seeks critical licenses in Philippines, CEO says
9.6.2022
The exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas
Philippines Crypto Wallet Service Provider Coins.ph Partners With the PBA
7.6.2022
Another digital currency firm is making moves into the sports world as the Philippines crypto wallet service provider Coins.ph announced the company has partnered with the Philippine Basketball Association (PBA). The deal is the PBA’s first crypto partnership during its 47th season and...
Philippines to explore blockchain use cases, launches training program
31.5.2022
Enrico Paringit, an official at the Department of Science and Technology, said that the goal of the training is to build non-crypto apps
A Person From the Philippines Earned $50 a Day in the Simple Children’s Game, Rock Paper Scissors
17.5.2022
The person won over $50 in 10 minutes in the simplest Blockchain game. The player, presumably a Filipino, registered in the crypto game Rock Paper Scissors under the nickname ManilaCity, won and withdraw $50 from the platform. In the Philippines, the average salary ranges from $98 to $290...
Crypto Adoption Continuing in Developing Countries Despite Price Drop
29.4.2022
Despite a challenging backdrop with rising rates and falling stock prices, real-world adoption of crypto is continuing, with developing countries known for depreciating fiat currencies having the highest levels of crypto adoption worldwide, a new report from DappRadar has said....
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Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News
28.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News
The Philippines will launch pilot wholesale central bank digital currency project
27.4.2022
Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed
NFT Scammers Hack Official Twitter Account of the University of the Philippines
27.4.2022
The University of the Philippines recently reported that NFT scammers hacked its official Twitter account. The motives are believed to take away the digital assets of its followers. The hacking incident was reported to have occurred a day ago, that is, on April 25, 2022. Hackers had renamed...
Philippines' fintech achieves unicorn status after embracing crypto payments
12.4.2022
Voyager reportedly plans to integrate cryptocurrencies, micro investments and insurance products into PayMaya, which already includes a digital wallet
The Philippines' top payment provider adds crypto to its mobile app
7.4.2022
With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies
China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment
1.4.2022
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually...
The Philippines to launch pilot CBDC implementation
8.3.2022
BSP Governor Benjamin E. Diokno says that the goal of the project is to enhance “the payment system’s safety, resiliency, and efficiency.”
Yield Guild Games Raises $1.45M for Philippine Typhoon Relief
1.2.2022
The relief fund has been used to purchase essential goods like medicines, power generators, and canned food for affected communities in the Philippines
Union Bank of Philippines to Offer Crypto Trading and Custodial Services
23.1.2022
One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial...
Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operations
20.1.2022
"With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in the region," says Patrick Enjalbal, VP Customer Success managing director of Asia-Pacific region at Metaco
Send Your Love, Donate Crypto & Let's Make Christmas Brighter for Typhoon-Struck Philippines
23.12.2021
“Yesterday, since there was no power, I took the time to visit my relatives in one of the badly hit towns. It's sad to see people losing their houses, family members, and livelihood. If you have time to search Bais City and Manjuyod in Negros Oriental, you'll see the devastating aftermath. It's...