Singapore has always been considered as a haven for the ultra rich as it is well known worldwide for its strict regulations. Recently it has also been known as Crypto havens alongside Switzerland, Estonia and El Salvador recently due to their openness with Cryptocurrency. But can we see Singapore adopting the same move as El Salvador? And what are the benefits of maintaining an open relationship with cryptocurrency.

Singapore remains open to Cryptocurrency. What is the benefit for the country?

Singapore has always taken a balanced approach for Cryptocurrency with the regulations governing to trade, mine and own Cryptocurrency are firmly embedded into its legislation.

Cryptocurrency has provided a revolution in the world of finance and information, not only did it solve the problem with Centralized banking but it also opened up a whole new load of applications from being used as a payment system to recently adopted as a legal tender in El Salvador. Somehow even though it has provided transparency through the blockchain system, more transparency is needed for it to achieve its objective of mass adoption as a payment system.

Why more transparency is needed?

Cryptocurrency in itself is built upon a blockchain system. Blockchain has certainly come to fix the centralized banking system by providing transparency…

When you think about Argentina, you would probably think of economic instability, inflations or even some guy called Lionel Messi. But you would never imagine that Argentina may be following in the footsteps of El Salvador in becoming a growing crypto hub for Miners. But why do Argentina do this and why is the country slowly growing to be a crypto hub for Miners and Investors?


Why is Argentina a Crypto hub for Miners?

Miners in Argentina are benefitting from the cheap subsidized electricity rates and despite Argentina being a net importer of gas, consumer electricity bills are only about 2% to 3% of an average monthly income…

Millennials are name synonymous with cryptocurrency with 47% of Millennial Millionaires have grown their wealth through riding the Bitcoin wave. But why is this particular generation so keen on Cryptocurrency and what motivates their decision to choose Crypto over other investment tools.

How are Millennials exposed to Cryptocurrency?

Millennials are classified as people born between the 1980s and 1990s so they are a generations that are hugely exposed and influenced by the internet and smartphone so it is not strange that most of them are familiar with the Cryptocurrency space.

“Millennials are growing natively with Web 2.0 — that is, mobile — and Web 3.0 …

Most of you may have never heard about the country El Salvador but they created history in the Bitcoin Conference 2021 when the President Nayib Bukele announced that it will accept Bitcoin as a legal tender for its payment system. Most people considered this as a unique and a bold step taken by a small developing nation but how will it work and will this benefit the country in the long run?

How it will work?

Bitcoin offers an amazing system that fits El Salvador’s requirements. With 70% of its population not having a bank account and also more than 1.5 million Salvadorians living…

A lot of people have been mentioning that utility coins in general are a great safe haven from long term economic uncertainty even so far as comparing it with Gold, but are your investments truly safe with utility coins during recession? We took a look from an article in Cointelegraph “Bitcoin is a risky digital copper, it’s not Gold” and wondered if this is true?

We all have seen the crazy returns Bitcoin is currently recording within just 10 years, going on from touching the $1 mark in April 2011 to reaching its all-time peak of $65.000 in April 2021…

In a world where everything is moving to digital, it is no exception that our currency will also become digitized. But in this world of digital currencies, there are two options that you can take whether it is decentralized or centralized.

The Central Bank Digital Currency (CBDC) takes center stage when People’s Bank of China begins trial of its digital yuan early this year, a project that took flight in 2014.

On May 19 this year, China started to ban companies and financial institutions “from providing services related to cryptocurrency transactions.” Their problem is the volatility with these coins, citing that they “are not supported with real value,” and definitely it caused bitcoin to a 12% decrease to $39,700.

Two days later, Bitcoin fell another 8% from its day to day peak of $40,000 due to the Bank of Japan Governor citing in an interview that it “barely used as a means of settlement,” due to its lack of real backup value like its stable coin counterparts. These comments led us…

The word Hype has always been lingering everywhere in our life from the shoes we wear to the cars we drive, we as humans always tend to buy stuff just to be a part of the trend. This word ‘Hype’ has to shock the world because it is an integral part of most of the 2 Trillion Dollar crypto market, from the 19 Billion Dollars market cap of NFTs to the 50 Billion Dollars market cap of Dogecoin, a meme-based coin that was created out of fun. …

Tether is having the 3rd best market capitalization globally only behind Bitcoin and Ethereum and currently is the most popular stablecoin in the market. It is a name synonymous to all crypto users out there, but being a stablecoin, does it provide enough transparency of its reserves?

Tether’s Backstory

Tether history begins with a project called Realcoin which published its whitepaper in 2014 featuring the names of its co-founders Brock Pierce, Reeve Collins and Craig Sellars. Interestingly the name Realcoin didn’t stay very long, as in November 2014 they decided to give it a new title and the name Tether was created.

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store