Bitcoin in the Philippines: A Perfect Cryptocurrency Storm
Many of those at Geeks on a Beach, a recent tech event in the Philippines, agreed that, two years ago, there was nothing here in terms of a startup ecosystem. Today, it's pretty clear there are several scenes: Cebu and Manila, to name the two biggest, as well as a comprehensive and very well connected tech scene. Why are the Philippines suddenly appearing on the global map of innovation? It's a mix of the country being a melting pot of Asian, US and Latin cultures; a fast-growing economy (second only to China in terms of growth in Asia); and a few American entrepreneurs who decided to set....
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A California-based bitcoin startup has been accepting donations for relief for the typhoon-stricken Philippines. Its efforts appear to be working quite well to raise awareness for the problems the storm has created in the south-east Asian nation. "The Philippines bitcoin donation campaign that we're running got some great coverage from CNN Money which helped kickstart things," says Avish Bhama, CEO of Vaurum, which owns the bitcoin exchange Bitme that is running the donation campaign. "We're raising bitcoins and are donating 100% of the wallet to the Philippines Red Cross. We raised about....
The Philippines will hold a convention on payments and e-commerce this September to highlight the growth an opportunities in this industry. This will bring together more than a thousand attendees, 60 speakers, and 40 international and local exhibitors for the Cards & Payments Philippines and E-Commerce Show Philippines expo, with some set to discuss cryptocurrency trends in the country. The events will be held in the SMX Convention Center in Manila from September 2 and 3, with industry leaders from the Department of Trade & Industry, Bangko Sentral ng Pilipinas, Globe Telecom, E-PESO, Land....
The last year in finance has been all about Bitcoin. The digital gold narrative arrived at the perfect time, amidst a perfect storm of stimulus money, irrational exuberance in the stock market, and more. The forecast is starting to change for gold, however, just as the top cryptocurrency is struggling to maintain its market structure […]
As an asset class, Bitcoin has gained a lot of retail interest, but when it comes to the big money, institutional investors haven't had the opportunity to really participate. But that's not because Wall Street isn't interested."There is not a hedge fund or institutional investor that doesn't have Bitcoin on their white board. They know about it, they're thinking about it. Some even have it in their personal accounts," explained Matthew Roszak, an investor from Tally Capital. "But in order for them to jump in the water, they need tools that they are more used to."There is a perfect storm....
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 Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial services, Bloomberg reported Thursday. Unionbank is one of the largest universal banks in the Philippines with over $15 billion in assets under management (AUM). The bank is one....