Bitcoin Scams Swindle Singapore Investors for $78,000 in 3 Months. 6th December 2018 by Web Master. Between September and November 2018, a total sum of $78,000 was lost to cryptocurrency scammers in Singapore after they used a series of strategies involving spreading false information about fake investments online to attract investors. A Straits Times report reveals that the scams were ... After a single meeting with founder Sunil Hirani of True digital, it was like he had an epiphany, as he learned about their goals of tokenizing fiat through a blockchain payment system. He said that their work is “not just a conceptual thing and that he believes that the grip on reality that they have with the ebbs and flows of the financial system is their greatest feature. With the ability ... Digital Asset Holdings, founded by Wall Street veterans Blythe Masters, Donald Wilson and Sunil Hirani, are developing the the above concept for bank use, with fiat transfers being recorded and settled directly on the blockchain, using a colored coin type protocol. Which brings us to an area ripe fo Bitcoin disruption, the remittance market. The founder of TrueDigital, Sunil Hirani said; “Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities…But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other ... Bitcoin’s price might not be all that right now, but Coinbase, a US-based digital currency wallet, wants to pay its customers a reward for holding on to its stablecoin. Unlike Tether, a popular stablecoin that was purportedly fully backed by US dollars but then revealed it wasn’t, Coinbase’s stablecoin is fully backed by dollars on deposit in a bank. According to Sunil Hirani, the founder of TDH, the growing crypto marketplace has thus far been lacking the kind of institutional involvement that trueEX will offer: “Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities, but the marketplace is sorely ... Digital Asset was founded in 2014 by Sunil Hirani and Don R. Wilson with former JPMorgan Executive Blythe Mastersnamed as CEO in March 2015. Digital Asset has raised over $107M in funding from fifteen key investors; ABN Amro, Accenture, Australian Securities Exchange, BNP Paribas, Broadridge, Citi, CME Group, Deutsche Börse Group, Depository Trust & Clearing Corporation, Goldman Sachs, IBM ... Bitcoin traders are gladly remarking that Bitcoin’s price trajectory has been positive for the last five consecutive days, without significant pullbacks. Bitcoin trading firms are joining forces to entice big institutional investors into the vibrant cryptocurrency market. Signet platform will roll out in the bank for its clients on January 1, 2019, at 12.01 a.m. ET. , Sunil Hirani, trueDigital founder, and CEO assures that this new payment mode will mitigate the counterparty risk, costs and time required to settle the transactions as well. In addition, the launch will offer free transaction but likely to have a minimum balance of $250,000. The company is working on financial infrastructure, like trade clearing and settlement for Australia’s main stock exchange. The company’s founders are Sunil Hirani and Don R. Wilson. The duo founded the company in 2014 and headquartered it in New York. It currently counts 150 employees and has raised USD 100 million in funding, the WSJ writes.
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