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Crypto

Coinbase plans 25 percent staff increase at Singapore office

Coinbase plans to increase staff at its Singapore office to about 200 from 150 by the end of 2026, Cointelegraph reported. The company is stepping up local hiring as it expands its business in Singapore, focusing on engineers, customer service, relationship management and institutional sales. Coinbase obtained a major payment institution licence from the Monetary Authority of Singapore in October 2023, enabling it to expand services for individuals and institutions.

Crypto

Strategy-led consortium to fund $15 million for Bitcoin quantum security

A consortium led by Strategy and joined by firms including BlackRock will provide a total of $15 million over the next three years to respond to quantum computing threats facing the Bitcoin network. Strategy announced the launch of the Bitcoin Security Consortium to support long-term quantum security for Bitcoin. The group, made up of financial institutions and Bitcoin-related companies, will use the funding to support developers working to protect the network.

Crypto

Bitget registers as financial service provider to expand New Zealand business

Cryptocurrency exchange Bitget has registered as a financial service provider with New Zealand’s Financial Service Providers Register (FSPR). The registration allows Bitget to expand services in New Zealand, including foreign exchange conversion, domestic and international remittances, custody of client assets, and portfolio and fund management. Bitget has been widening licences and registrations in various countries. It has also announced plans for a European headquarters in Vienna and appointed Oliver Stauber as Bitget EU chief executive.