In Markets Visions of a crypto-funded retirement got pushed back a little this week after the prospect of interest rate cuts in the US this year began to dim, and markets sold off due to tension in the Middle East. That was before Sunday morning’s 8.4% BTC plunge when news broke that Iran had launched a slow-motion attack on Israel. Despite being the largest deleveraging event since mid-2023, Glassnode analyst Checkmate says it “looks a lot more like your garden variety correction” than the start of a new bear market. With the immediate threat of escalation diminishing, and crypto ETFs approve ..read more

What is an order book? An order book is a ledger that contains all pending orders for a particular cryptocurrency. These orders are divided into two main categories: buy orders, which show the prices at which traders are willing to purchase a cryptocurrency, and sell orders, representing the prices at which sellers are ready to sell a cryptocurrency. How does an order book work? The orderbook operates on a simple principle: matching buy orders with sell orders. Each side of the order book is organised by price and time priority. This means: Limit buy orders are listed from highest to lowest p ..read more

The latest Bitcoin halving event is right around the corner, and if history and the opinions of many analysts are anything to go by, we could be in for a massive increase in the price of the digital asset. Despite this, many are warning that this time will be different, with all-time high prices realised pre-halving for the first time in history.  In this article, we’ll describe what the halving is, the historical impact of each event and how it is expected to affect the price of Bitcoin.  What is the Bitcoin Halving Event? In the Bitcoin ecosystem, miners receive a reward each time ..read more

In Markets Even after the US Government spooked markets by moving US$2 billion (A$3B) in Bitcoin confiscated from Silk Road, BTC finished the week up 2% to trade at A$107,796 (US$70,939). Ethereum had a sudden surge overnight to A$5,584 (US$3,680), finishing up 6% on seven days ago. Did ETH just bottom out after falling below the 0.05 BTC mark for the first time since 2021? Who knows, but options data suggests there’s potentially another A$454 (US$300) of upside by the end of the month. Solana pulled back 1%, while XRP and Shiba Inu were flat, and Dogecoin reversed by 1.5%. The Crypto Fear and ..read more

In Markets Bitcoin closed out the month and the quarter above US$70K (A$107.6K) for the first time — that’s higher than the 2021 peak. The halving is less than three weeks off, and the stars are aligning for the bulls. However, this cycle is very different, with Bitcoin hitting a peak prior to the halving for the first time, and the usual rotation into ETH and altcoins apparently skipped in favour of degens trading memecoins. Bitcoin finished the week down 1% on seven days ago at A$107,570 (US$69,753), while Ethereum eased back 2% to A$5,388 (US$3,500). Solana gained 1%, XRP dropped 5%, Dogeco ..read more

39% view Bitcoin more favourably and 33% would invest in an overseas Bitcoin ETF offering 48% will double down on Bitcoin in the next 12 months, post-Bitcoin halving 2024 findings reflect Singaporeans’ increasingly sophisticated investment styles, and a fascinating tale of 2 generations – Gen Z vs Gen X A third of Singaporeans plan to hold or add crypto despite inflation and high living costs Download the IRCI Singapore 2024 report Download the report Singapore, 28 March 2024 – The 4th edition of the annual cryptocurrency study[1] by Independent Reserve, Singapore’s first regulated cryptocu ..read more

IRCI Singapore highlights and key stats 89% of Singaporeans are aware of at least one cryptocurrency 40% of Singaporean investors own or owned crypto in the last 12 months 39% of Singaporeans view Bitcoin more favourably post-spot Bitcoin ETF approval 73% of crypto investors hold Bitcoin 41% of crypto investors put $500 or more per month into crypto 64% of Singapore crypto investors report making a profit on their investments 20% of Singapore wanted to invest in crypto but weren’t in a financial position to do so 55% of Singaporeans believe crypto will be widely accepted by everyday people a ..read more

In Markets Bitcoin has been on a rollercoaster ride lately. It dropped sharply from its recent all-time high but rallied 10% mid-week on news of three potential US interest rate cuts this year. Then it fell to near the A$93K (US$61K) level following a week of outflows from the Bitcoin ETFs, recovered slowly and suddenly surged back above A$108K/US$70K overnight. Santiment reports that almost 52K Bitcoin was accumulated by wallets holding 10-10K Bitcoin on Sunday US time alone. One swallow does not a Summer make, but Rekt Capital is already musing about whether the surge marks the end of the tr ..read more

  We are listing Shiba Inu (SHIB) We are happy to announce that we have listed Shiba Inu (SHIB) on our exchange. Deposits, withdrawals, and trading have been enabled on Monday, the 25th of March. What is Shiba Inu (SHIB)? Shiba Inu (SHIB) is a cryptocurrency token launched in August 2020 on the Ethereum blockchain, inspired by the meme culture surrounding the Shiba Inu dog breed. With its playful branding and community-driven ethos, SHIB quickly gained popularity in the cryptocurrency space. While initially serving as a social tipping token, it has expanded its utility to include d ..read more

Table of contents: Crypto Travel Rule Regulations in Singapore Verifying an external wallet to receive crypto into your Independent Reserve account Verifying your external wallet address to withdraw your crypto assets Crypto travel rule regulations in Singapore Since January 2020, the Monetary Authority of Singapore (MAS) has enforced the crypto travel rule aimed at preventing money laundering and countering terrorism financing in the Digital Payment Token services sector. The crypto travel rule in Singapore is a global recommendation made by the Financial Action Task Force and implemented ..read more