“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.

Article was first published here in The Financial Times Singapore’s cryptocurrencies approach shouldn’t be seen as controversial (“Singapore faces fight for Asia crypto crown”, Report, October 1). Recent regulatory clampdowns may have raised questions about Singapore’s open approach to crypto businesses, but the regulators here have got it right. Whether or not the region’s “big bet” pays off, banning cryptocurrency trading makes no sense. The industry remains a “wild west” because there is no consistency on standards to make it stable and secure for investors. Trading, in particular, remains fractured and illiquid, which contributes to the wild price swings. If it’s a matter of taking a balanced approach, the only way you can be sure you are getting it wrong is by banning them entirely. Financial authorities, such as those in China, have been all too quick to ban elements of crypto, which only puts investors at greater risk of fraud, such as initial coin offering scams. People will continue to use cryptocurrencies so this will only push activity underground or elsewhere. Just look at the number of start-ups and talent piling into the sector. The way we see it in Singapore, it is much better to find out how to solve these problems and benefit from being part of the crypto journey. Done correctly, regulation can be very productive and foster crypto development in a healthy way by working with the industry to improve standards and prevent illicit activity. Plenty of businesses out there want to help create that framework. It’s about time the US and other leading markets caught up and took steps to establishcollective frameworks so investors can operate safely and business can thrive. Increasingly, for Singapore, the financial competition in the region is a game of fintech innovation, so I don’t see how we could exclude cryptocurrencies. Our approach to crypto regulation has created an environment that fosters innovation while setting up frameworks for security and stability. Now that Singapore’s crypto start-ups are gaining momentum, its mainstream financial institutions are learning about the technology and global blockchain businesses are setting up in the region. Don GuoChief Executive, Broctagon Fintech Group, Singapore  

“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”

Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes.

With a long history of uniting businesses in Europe, Asia and the Middle East, iFX EXPO International is the flagship show trusted by thousands of retail & institutional brokers, technology & liquidity providers, payment service providers, banks, affiliates & IBs, regulators & compliance as well as crypto and blockchain brands. Broctagon has been a veteran participant in this leading conference, which connects top-level executives in online trading, financial services and fintech from around the world. As the world gradually opens up after the covid disruptions, we are excited to meet our clients and future partners once again in Cyprus! Schedule a meetup with us at iFX Expo Cyprus to find out more about our CySEC-regulated liquidity offerings and how it can help you stay ahead of competition. As one of the first in the industry to offer Digital Asset CFDs alongside over 1,000 instruments including FX, Shares, Indices and Commodities with spreads from zero, we are confident to bring value to your brokerage. Our Liquidity Expert Andreas Charalambous, Director of Operations, Broctagon Prime SCHEDULE A MEETUP WITH US Margin and CFD Liquidity - For Brokers Our CySEC-regulated liquidity offerings encompasses over 1,000 instruments with spreads starting from zero. Forex Shares Indices Metals Commodities Digital Assets VIEW LIVE QUOTES Spot Crypto Liquidity - For Exchanges Stream the aggregated orderbooks of top exchanges direct into your exchange with the NEXUS WorldBook™. Improve your liquidity instantly for over 350 crypto pairs. VIEW LIVE QUOTES As Featured On Our Liquidity Partners and more...! Experience for yourself how a partnership with Broctagon can bring value to your brokerage. Schedule a meetup with us at iFX Expo Cyprus now to find out more! SCHEDULE A MEETUP WITH US *Limited slots available

Growing attraction amongst Asia’s tech-savvy millennials, unbanked signify big alternative

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple.

Bitkub, a Bangkok-based digital currency exchange, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™. The NEXUS WorldBook is an initiative by Broctagon Fintech Group, under the licensed entity Broctagon Prime Markets Limited to create a universal liquidity standard for digital assets. Jirayut Srupsrisopa, Group CEO of Bitkub Capital Group Holdings Jirayut Srupsrisopa, Group CEO of Bitkub Capital Group Holdings Co., Ltd., said: “Blockchain is an underlying protocol. When you use Facebook, you’re not thinking about TCP/IP, you’re thinking about sending messages to your friends. Same with other protocols — you’re not thinking about HTTP when you’re using a website, you will not think about SMTP when you send an email. So, I don’t think in the long run that people will be thinking they’re using bitcoin to send money to a friend. They’ll just be thinking of it as a faster way to get money across without losing money. As we come closer to this sort of protocol-acceptance, we are excited to be part of the WorldBook movement, and look forward to foster greater standardization within its network.” Desmond Ang, MD of Broctagon Fintech Group Desmond Ang, Managing Director of Broctagon Fintech Group, commented on Bitkub’s participation on the WorldBook network, saying: “As the leading cryptocurrency exchange in Thailand, Bitkub’s unique cryptocurrency exchange platform was built with the uninitiated in crypto in mind. With the WorldBook being a universal liquidity standard, Bitkub’s experience in handling local pairs such as BTC/THB can potentially help the inter-exchange liquidity network form a more comprehensive understanding of local liquidity pools and their regulatory requirements.” About BitkubBitkub is a digital asset and cryptocurrency exchange platform that offers advanced cryptocurrency exchange services to individuals who intend to buy, sell, and store cryptocurrencies. Bitkub bridges the gap between blockchain and crypto services to “non-tech users’’ by being the most trusted and easy-to-use cryptocurrency exchange in Thailand. About NEXUS WorldBookThe NEXUS WorldBook™ is the world’s first crypto liquidity ecosystem, committed to building a cohesive network for both makers and takers. The WorldBook leverages on the NEXUS 2.0 aggregator technology to offer its members global price discovery and direct STP capabilities on a universal liquidity standard. To find out more about Bitkub, visit: Website: https://www.bitkub.com/Facebook: https://www.facebook.com/bitkubofficialInstagram: https://www.instagram.com/bitkubofficialTwitter: https://twitter.com/BitkubOfficialYouTube: https://www.youtube.com/c/BitkubOfficial To find out more about or to join the NEXUS WorldBook, visit: Website: https://nexusworldbook.comFacebook: https://www.facebook.com/NEXUSWorldBookLinkedIn: https://www.linkedin.com/showcase/74741847/Twitter: https://twitter.com/NEXUSWorldBookInstagram: https://www.instagram.com/nexusworldbook/YouTube: https://www.youtube.com/channel/UCT5_f3W2SEBDsWrJc8YGAEw

Broctagon Fintech Group announced the launch of a global network of crypto liquidity providers on Tuesday, forming an aggregated liquidity pool. Dubbed WorldBook, it is a crypto Straight-Through Processing (STP) network and is aiming to standardize the crypto liquidity industry.