By
Taxscan Team - On December 18, 2020 4:31 pm
It has been interesting to see the way in which cryptocurrencies and blockchain have grown and become more and more popular over the last few years. The two related technological innovations are slowly becoming part of mainstream conversations, but there are still many who do not know about them, or, have only heard of it without knowing how they work and why they could be the future of finance and financial markets. At the same time, it is also important for developers to keep working on ways to improve them, and look for new ways in which they can be utilised. This is especially true for blockchain, which has many potential uses outside of cryptocurrencies and arguably has much more potential than crypto to truly transform various sectors and industries. For example, the online casino industry has seen adoption of both cryptocurrencies and blockchain taking place at a large scale. This year more operators have launched new platform
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Singapore is poised to become Asia’s Silicon Valley
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.”
Tencent, ByteDance and Alibaba are reportedly planning regional hubs in the city-state, with ByteDance in particular expected to add hundreds of jobs over the next three years. They will join an international coterie of tech giants like Google, Facebook, Amazon, Stripe, Salesforce and Grab, that already have headquarters or significant operations, including engineering and R&D centers, in Singapore.
This means startups will have to compete more aggressively for talent. But having a diverse cluster of big tech companies helps the ecosystem by providing more resources, including mentorship and early funding opportunities, say Singapore-based investors. In the long term, the presence of global tech giants, coupled with homegrown unicorns like Grab, Sea (formerly known as Garena) and Trax, may also mean more exit oppo