SG

ExcitableSarcasm

Huh? I've been using a SG Barra since my first PC I built in 2017. Honestly had no idea this was the going impression of it lol. Still have it hooked up to my new PC as a secondary drive

complexmessiah7

"Woman from SG". Nuff said. They're actual women, and they're actually fairly smart+sweet in their dealings. But it's 100% a scam bruh. Run.

circumcisingaban

[https://youtu.be/A-RfHC91Ewc?si=v66SG1l06ZgMqY8B](https://youtu.be/A-RfHC91Ewc?si=v66SG1l06ZgMqY8B)

StrangeYoungMan

SG/MY fellow hodler

Lst_Prophet

Have you ever watched Stargate SG-1? Pretty much accounts for everything and is a dope movie/series

CheetahGloomy4700

My bad, I was somehow counting sunnyvale and cupertino as SF. Well, yes, SF may not be at the top here, but still ahead of SG.

Creme-Waste

I will make an effort and go through the links. 1. This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself).

Creme-Waste

I will make an effort and go through the links. 1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself).

nobbynobbynoob

A CEO of a company worth $88 million was apparently recently denied a SG PR application. They care about Musk-level wealth now, not non-UHNWI peasants.

Hugh_Mongous_Richard

HK is muchhhh more fun than SG. So to each their own. I like HK the most 👍

Hugh_Mongous_Richard

As someone who’s lived in all three, definitely would rather live in HK or SG.

nobbynobbynoob

And if you day trade and file it as income, the income tax is far lower than the terrible rates found in larger "western" countries, for example. But immigration (PR) into SG or MY isn't really a thing nowadays, save it exceptional rare cases.

jawni

the smart adults just bought after he sold and made ez money. https://imgur.com/a/Vpm2SG1

jawni

[many thanks to the kid for creating a memecoin and then selling early to fuel the spite rally](https://imgur.com/a/Vpm2SG1)

Asiu1990

"MicroStrategy used fresh proceeds from a share sale under a sales agreement with companies like TD Securities made on Oct. 30 to acquire thousands of new BTC. As part of the agreement, MicroStrategy issued and sold shares between TD Securities, Barclays Capital, The Benchmark Company, Canaccord Genuity, Cantor Fitzgerald, Maxim Group, Mizuho Securities and SG Americas Securities." (https://cointelegraph.com/news/microstrategy-buys-52-k-bitcoin-4-6-billion-btc-new-highs)

nobbynobbynoob

Singapore is great but it's almost impossible to *immigrate* there (i.e. obtain SG PR). I'm in Malaysia right now but basically just nomading around and will likely have *no* tax residency during the UK 2024/25 tax year (thus still exempt from CGT as such). There is actually some form of CGT here but it does not apply to individuals selling assets other than real estate.

Glittering-Credit45

Hey man check out my video from today! Bought $24k worth today so clearly I believe in ethereum. Especially in a brokerage. https://youtu.be/CvD6llwaRFI?si=CgephQJ8SG6wMcTR

Brief-Register-8624

Ya.. I m caught in the same situation with Coinhako in SG. They locked my account n is asking for my bank account n tax info for security verification. Quite a surprising move with such a small amount of deposit.

GreedVault

1 - You can leave SG during your national service, apply for leave, and never return. 2 - As long as his parents still have SG citizenship, child born outside of SG can still apply for Singapore citizenship. 3 - He probably went there for high school and may have been held back multiple times

GreedVault

He’s probably AWOL, or perhaps he was born in the US. and has never been to SG, or maybe he’s still a high school student.

ShinobiOnestrike

And leaving SG b4 being drafted is a real hassle.

ShinobiOnestrike

Thats not the thing, one is usually get drafted at 18 or at 19 and do his time of 2 years, during which it is almost impossible to leave SG unless u are posted overseas by the armed forces itself.

GreedVault

Probably, he doesn't intend to return to SG.

pakovm

Great! Althought I found that the Spanish automatic translation are weird, for example the page translates the sizes XL, L, and M as SG, yo and METRO respectively. On another note, please take a look at accepting Lightning payments, they are cheaper and faster than using Bitcoin on-chain, maybe you can use a service such as Coinos or Swiss Bitcoin Pay that will send you the Bitcoin to the address you give them at the end of the day without you having to setup Lightning manually, which is a pain in the ass.

dontblamemeivotedfor

> high gas fees As SG said, "gas" is not a Bitcoin concept. As far as fees, it's currently fifteen cents to get into the next block.

coinfeeds-bot

tldr; OKX SG, a subsidiary of global crypto exchange OKX, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to offer digital payment tokens and cross-border money transfer services in Singapore. Gracie Lin, with experience from Grab, MAS, and GIC, has been appointed as the CEO of OKX SG. The company received in-principle approval for the MPI License in February 2024 and is now focusing on building a team to serve local customers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SwimmingPatience5083

My guess is that only includes operating costs and does not include the SG&A (aka “overhead”) costs But if anyone really wants to know, they can just look up the financial statements of Texas miners. They’re all publicly traded AFAIK

Stefdarz

Hi peoples, just wondering does anyone here planning to go to Token2049 in SG this September? Am visiting a crypto conference representing the project I'm working on for the first time, just wanted to know if there's any dos and don'ts in such event

zbzlvlv

You Singaporean? With $3M SGD You can sell now and buy a freehold condo lol and still have maybe a million leftover. Take $100k to enjoy and invest the remaining $900k in index funds/crypto etc. Then rent the condo to those expats working in SG and you've got a money machine (a S$2M condo can probably get you $6k to $7.5k a month at current market rates) After that when you wanna get married / have kids (if you are interested in this route) you can have a freehold condo without a mortgage. When you wanna retire just sell the condo and live somewhere smaller and the cash will be enough for a really long time

HippieSexCult

https://images.squarespace-cdn.com/content/v1/54642373e4b024e8934bf4f4/1436319654475-SG5I1FP0SURRLNL7D98O/CALVARY.jpg

Existing-Brother2799

Honestly I would just stick to Bitcoin. My primary reason for saying that is because of the number of scams that are out there. Until you have more knowledge of how shady business Crypto is your better off. The only coin I have made any money with is SG. I got lucky and signed up a long time ago. And was gifted coins for a ton of reasons. 3 years later I finally was able to make my first withdrawal. Lol. Here is there link below. I will be upfront with you it’s profitable but you have to refer people. Anyways if you sign up with my link and a 50 dollar purchase I will give you ( or anyone who signs up with the link) the 800 tokens to become a premium member. Those tokens if staked make your rewards higher or you can swap them and cash out. Anyways good luck with your crypto adventures I hope you make a lot of money. Also I have a couple other free coins that you just have to log in daily and can make money. Message me if interested.

santuccie

I’m earning SATs from faucets and all that, but buying alts right now, just because I’m poor. I just started buying SG in Coinbase Wallet, while simultaneously earning it in the app.

MaximumStudent1839

> If your argument is everything can be done web2 style in a more efficient way, then that applies to everything here. Not true if you want permissionless tx, easy global settlement, or even local settlement if your country lacks basic TradFi. There are many concrete examples where a public ledger can do better than "web 2". But we are talking about govt programs for domestic policies in a relatively well-off city-state. It feels like fad chasing more than anything else. > SG gov websites stops supporting these older certificates.  I am having a hard time believing SG govt finds it more cost-efficient to store it on Ethereum than on their servers. >  meaning it’s a permanent server/database for data that only has an upfront cost with no other fees associated.  You know state expiry will be a thing right? Then it would only be available on archival nodes. And there is no reason to believe these nodes will keep your records forever. Unlike full nodes, these nodes are doing it out of their own volition and have no on-chain mechanism to penalize them for tampering. > Another way of looking at it is that the EVM is already a global standard.  A VM that struggles to implement parallelism and needs so many ad hoc patches? Lol, ok. Just wait and see, if it becomes a "global standard". > Btw certificate hashes cannot be stored on-chain without having some sort of standard (smart contract). EVM can store data, but you’ll need a programme (smart contract) to store it efficiently. You are conflating a lot of things. 1) Storing it vs storing it efficiently aren't the same thing. 2) How you store it on EVM vs how you store it in a general VM are again not the same thing. > EVM does not have “purpose bound” money  Again, it can be done by a govt server for processing and use the blockchain just to pull the account identifier. > countries to reuse this standard easily. Highly doubtful. Never seen welfare programs being accepted abroad. There are good reasons to why. You need merchants to comply with regulations to ensure purchased item falls within the welfare category. Countries can't enforce this easily abroad. Hence it opens up for scams and stuff.

poginmydog

If your argument is everything can be done web2 style in a more efficient way, then that applies to everything here. The entire point is to do it on-chain, so you can verify your school certificate even if the school closes down or if a few hundred years in the future, SG gov websites stops supporting these older certificates. It replaces the backend infrastructure, meaning it’s a permanent server/database for data that only has an upfront cost with no other fees associated. And yea it’s kinda redundant now and probably less efficient than just going the old web2 way, but having the web3 infrastructure backend enables us to migrate our system to better blockchains in the future that can truly replace web2. Another way of looking at it is that the EVM is already a global standard. This enables people to use standards easily without having to invent another method to store and interpret these data. Whether public blockchains can succeed is one thing, but private blockchains will for sure be the future of distributed computing systems, and EVM (and other smart contract systems) are very easy to reimplement in private/permissioned chains. Btw certificate hashes cannot be stored on-chain without having some sort of standard (smart contract). EVM can store data, but you’ll need a programme (smart contract) to store it efficiently. Purpose-bound money on an EVM chain also makes it extremely portable and enables other organisations and countries to reuse this standard easily. EVM does not have “purpose bound” money and you’ll also need programmes (smart contracts) to store these data even if they’re preprocessed off-chain.

poginmydog

Just to copy and paste my comment as a top level comment: [Singapore hashes and stores our vaccine data, graduation certificates, identify and visa information on Ethereum. ](https://www.verify.gov.sg/faq)We also have a full standard that’s developed for [storing and hashing certificates for standardisation. ](https://www.opencerts.io/faq/)Personally, I’ve seen all long term visas for foreigners (not tourist visa) using this standard. Our work visa are fully digitised and on the blockchain and we deprecated physical cards for this. All our school certificates are also online and I can attest that my own graduation certificate is hashed on the blockchain. To elaborate on its usefulness: we can operate this trustlessly. As long as the standard is fully open and documented, anyone can hash these certs and verify them on-chain without needing to rely on SG government servers and websites. Border guards for instance can verify our passports and visas. Private companies can verify our graduation certificates even if the school no longer exists or if the entire SG government website went down. Our COVID19 data can be verified as well. I don’t often speak highly of SG government but for these initiatives, we’re far ahead of the pack. We’re also not an insignificant nation and these initiatives are definitely carefully considered before being rolled out. Want more? [We have a while digital money scheme. ](https://www.mas.gov.sg/schemes-and-initiatives/project-orchid) They’ll be [replacing our existing voucher system’s backend. ](https://redeem.gov.sg/disbursing)These vouchers are literally used by 90% of Singaporeans as the government gives them out as subsidies every year to everyone and I’ve personally used them, along with almost all my friends. They’re not yet on the blockchain, but I assume they’re undergoing trials given how we’ve already implemented several blockchain dApps. Like it or not, blockchain isn’t going anywhere. If a world class government has the foresight to design and release products based on Ethereum since COVID19 era, I believe blockchain technology will take over web2 infrastructures.

poginmydog

[Singapore hashes and stores our vaccine data, graduation certificates, identify and visa information on Ethereum. ](https://www.verify.gov.sg/faq) We also have a full standard that’s developed for [storing and hashing certificates for standardisation. ](https://www.opencerts.io/faq/) Personally, I’ve seen all long term visas for foreigners (not tourist visa) using this standard. Our work visa are fully digitised and on the blockchain and we deprecated physical cards for this. All our school certificates are also online and I can attest that my own graduation certificate is hashed on the blockchain. To elaborate on its usefulness: we can operate this trustlessly. As long as the standard is fully open and documented, anyone can hash these certs and verify them on-chain without needing to rely on SG government servers and websites. Border guards for instance can verify our passports and visas. Private companies can verify our graduation certificates even if the school no longer exists or if the entire SG government website went down. Our COVID19 data can be verified as well. I don’t often speak highly of SG government but for these initiatives, we’re far ahead of the pack. We’re also not an insignificant nation and these initiatives are definitely carefully considered before being rolled out. Want more? [We have a while digital money scheme. ](https://www.mas.gov.sg/schemes-and-initiatives/project-orchid) They’ll be [replacing our existing voucher system’s backend. ](https://redeem.gov.sg/disbursing) These vouchers are literally used by 90% of Singaporeans as the government gives them out as subsidies every year to everyone and I’ve personally used them, along with almost all my friends. They’re not yet on the blockchain, but I assume they’re undergoing trials given how we’ve already implemented several blockchain dApps. Like it or not, blockchain isn’t going anywhere. If a world class government has the foresight to design and release products based on Ethereum since COVID19 era, I believe blockchain technology will take over web2 infrastructures.

Creme-Waste

I will make an effort and go through the links: 1. This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). [https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/) 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. [https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/) 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. [https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/) 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. [https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/) 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? [https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/) 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself). [https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)

Creme-Waste

I will make an effort and go through the links: 1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). [https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/) 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. [https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/) 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. [https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/) 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://Crypto.com), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. [https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/) 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? [https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/) 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: - a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); - rebrand to [Crypto.com](http://Crypto.com) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); - MCO conversion (see my comment to link 3); - and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself). [https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)

SirAlexanderFerguson

Lot of $ volume there eh There is nothing on Juno, it doesn't even have a dex and don't say wynd or loop. Loop took Junos millions and made a fool of everyone Wolf contract or whatever he calls himself these days, SG1 validator made millions and destroyed the chain

zhang_li

Sure, I saw the blog post about Ergo Foundation incorporating in SG, I mentioned that in my post. When you say "approved" by ACRA though - ACRA doesn't conduct any diligence, they are just the corporate registration authority of SG, so Ergo Foundation just managed to form a company there. The financial regulator in SG is the Monetary Authority of Singapore (MAS), which has no records for Ergo (well there's an Ergo Insurance, but that appears to be unrelated and at a different address). Ergo could be regulated under the name of a different company, but like i said, I can't find the name of that other company on their website. Looking at the LinkedIn profiles of the individuals you mentioned above, Armeanio is a BD Manager, Chepurnoy is a developer, Simpson is a part-time "member" of Ergo Foundation. Glasgow lists his position as director, so that's at least good. Hudson doesn't appear to have LinkedIn, but he's not in the Ergo "hall of fame" so maybe he's left the project? But anyway, overall, I still don't know who's really running the show. Not meaning to burst your bubble or criticise - I'm saying it's not for me, as it doesn't pass my smell test. It's been a slow day at work and this has been a fun one to glance at.

zhang_li

I'm a little skeptical about Ergo, purely based on their presentation. I'm a corporate investigator. One of the basic questions I have about a crypto project (and any company I want to deal with) is what is the company behind it, who are the founders, senior management, and directors, and what is their experience. On its website, Ergo makes it difficult to answer these questions, and it's unclear why. It says the Ergo Foundation is incorporated in Singapore, but its implied there is another profit-making entity. There is no corporate entity named in the website's privacy policy or legal disclaimer. I also ran a site: search for "ltd" and "pty" (the common company extension for companies in SG) and didn't find the name of any other company. The website has a "Hall of Fame" for contributors, but doesn't clearly name who is in charge. On Ergo's LinkedIn page, it only has 13 "associated members", many of whom seems to have other jobs as well as Ergo or are 'freelance'/'volunteer' at Ergo. This is just one of the areas on my DYOR checklist and I am already feeling a little uncomfortable...

poginmydog

If you’re rich, SG is really nice to live in.

Shaglock

Which cex do you guys use in MY and SG?

Brief-Exam9659

Get the coin $SG you get 1500%🤑SG back when you shop and can get free $SG by doing task. 😤Download & claim your free $700! https://referral.socialgood.inc/?id=LPA8CR

Quixote0630

Yeah, I get that, but ideally the staked ATOM would be distributed more evenly across all validators to decrease centralisation. Given that 80+ validators supported the proposal, compared to 30 something who voted against it, I think the outcome is a sign that Cosmos isn't horribly centralised, which is a positive. Although, somebody did mention to me earlier today that SG1, the second largest validator, abstained from the vote so as to not sway it heavily one way or the other. Respect to them for that, but obviously we'd be having a different discussion about centralisation if they had voted NO and won it for the minority.

Remote_Compote_2983

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Remote_Compote_2983

$SG price skyrocketed 4x in just 4 months, overwhelmingly outperforming #BTC! 🎁 The free giveaway app for SocialGood $SG crypto! 🥳 Virtually free shopping at #Expedia #eBay #Walmart etc. ✅Download Now, Grab Your $200! https://referral.socialgood.inc/?id=AZW86H #BoostSocialGoodPrice #Airdrop

pennyether

I was digging into this company and came across this post. For anyone interested, I dove into their Q2 earnings and here's my findings: They pulled in $15m of revenue. Their expenses were $5.1m for Cost of Revenue (electricity), $1.2m for operating expenses (property leases), $8.6m for SG&A (salaries), and $8.5m for interest on $119m in debt (@ \~11.5%). So, all told, they burnt around $8m in cash. This doesn't include the cost of the hardware or build-outs, which they depreciate over 4 years (anybody who mines knows this is a joke.. mining hardware falls in value much faster than 25% a year, esp with current network hashrate growth). Anyway, that was another $6.4m in expenses, though they've already paid for it. Despite all this, they claimed "positive free cash flow" due to the fact that they issued $9.5m in shares (eg: dilution) to cover up those loses. Yes, they count issued shares as "cash flow". I would suggest doing your own due diligence before investing based off of top-line numbers such as "bitcoin mined" and managements claim to "positive free cash flow".

pennyether

They burned $8m in cash in Q2. They earned $15m from mining, but had to pay $5m for cost of revenue (eg: electricity), $1.1m in operational expenses (leases), $8.5m SG&A (salaries), $8.4m in interest on $119m they borrow (at 11.5%). So that's a loss of $8m from running their enterprise. This also omits the expense of the hardware they purchased. Which decays in value rapidly. They wrote off $6.5m of its value that quarter. So, yeah, down $14.5m.

coinfeeds-bot

tldr; The official Monero v0.18.3.0 Fluorine Fermi has been officially tagged for both CLI and GUI versions, however Selsta has advised builders to wait for the upcoming release v0.18.3.1, which is expected within the next week or two. Selsta provided an update on their recent work, mainly focused on release-related tasks for v0.18.3.0. During this process, they identified a pre-existing bug related to the block weight cache that wasn't introduced in the current release. To ensure widespread adoption of the block weight bug fix, they've opted to skip v0.18.3.0 and prepare v0.18.3.1 instead. Additionally, Selsta investigated and resolved an issue causing the "duplicate key: support_flags" error message, and they reviewed Trezor-related changes from PR 8752. Bitmain's recent announcement regarding the development of Monero ASIC miners, which later proved to be inaccurate, led to their listing for sale on their website. However, upon customers receiving and inspecting these miners, it became evident that Bitmain, a major ASIC manufacturer, had created a Monero miner consisting primarily of just several Sophon SG2042 CPUs. In the ongoing effort to enhance Monero's performance, tevador has submitted a pull request with the goal of boosting the efficiency of Monero's RandomX PoW algorithm on RISC-V processors. SChernykh has launched P2Pool v3.7, introducing new features like adding worker data to local/stratum files and addressing various bug fixes, including data race issues. Miners are advised to create a dedicated wallet solely for mining purposes on P2Pool to enhance privacy, as all wallet addresses are publicly visible. More information can be found here. 4rkal has released MoneroOS v0.3.7, an operating system tailored for XMR miners. MoneroOS is a live OS designed to easily begin mining Monero upon boot with only minimal configuration. It is inspired by NiceHash OS and is based on Arch Linux, created using archuseriso. More information and releases can be found here. Woodser unveiled monero-ts, a significant improvement over the previous monero-javascript library, now rebranded as monero-ts. This upgrade simplifies Monero wallet and daemon development in browser and NodeJS environments by incorporating robust TypeScript support, streamlining the development process for programmers. This transition marks a notable milestone in Monero's development landscape, offering increased convenience for developers. Additionally, the monero-ts/cpp/java platform is used in projects like Haveno, RINO, Umbrel, TipXMR, and others, so feel free to try it out and provide feedback. Serai DEX has officially launched its new website, now live and accessible. Serai DEX is a dedicated decentralized exchange designed for Monero and other cryptocurrencies, offering a unique liquidity-pool-based trading experience. Additionally, Serai has initiated a series of informative articles about their platform, providing a comprehensive insight into Serai, available in the blog section of their website in the coming weeks. Explore their website here. RINO has announced that its enterprise wallet, designed to cater specifically to organizations, is now available for free. This wallet offers secure workflows, cost savings, and trust through non-custodial solutions, utilizing Monero Multi-Party Computation (MPC) technology to empower teams with unique functionalities, such as assigning roles and implementing policies for fund interaction. The move aims to facilitate wider adoption of Monero within the mainstream financial industry. More information can be found here. Luke Profits, the creator of the of the Monero Subscriptions Wallet, announced the Mon *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

powerexcess

Well try energies long term and on TA and even if u have a trend component actually present u will get hit by so much macro u will end up flipping coins: Ukraine, Israel just now etc. Try ags and u will get hit by so much weather effects u will lose any edge. If you doubt this then dont take my word for it. Look at the SG trend index. Top performing CTAs and trend follower get one killer year out of 5 flat ones (typically around rate movements). And these places are trading like 300+ markets with proper risk controls, liquidity providers for better spreads, dedicated execution teams/algos, peer reviewed research etc. Orders of magnitude more sophistication than you are considering in the example. If you look at trend and long term and make money out of it, on one market, for one trade, it is luck. To prove otherwise is it basically impossible - so people call this astrology.

AutoModerator

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Harucifer

[This was confirmed by GoogleCloud\_SG (Google Cloud Singapore) on ~~Twitter~~ X](https://twitter.com/GoogleCloud_SG/status/1707751106745659446) a few days ago. Don't know how much relevant this is, [as they've become a "SOLANA" validator in November 2022 and it still had downtime.](https://decrypt.co/113632/google-cloud-just-became-a-solana-validator)

Shiratori-3

SG has something (realistically) pretty close to a one party system (despite allegedly having an opposition party). Overall it's basically a single party technocrat govt with a few democratic type flourishes. And by-and-large they do a very effective job. A lot of countries would rightly be jealous of their results. Policy changes tend to be pretty well socialized and telegraphed in advance. It's pretty rare to get sudden and unexpected policy changes in Singapore.

Shiratori-3

I was going to say the same; anyone who's spent time in SG and in the states might well reverse the comment 😅

ArtoriusFrost

This guy planned to move his company from SG to Dubai. Is this a common thing among criminals?

slvbtc

El Salvador Singapore or Dubai. Choose Dubai if you have made a lot of money and want to spend time travelling through europe as its close. Choose ES if you have less money and would rather travel through south america. Right now if you are looking at south east asia choose singapore as theres no capital gains tax, thing is SG is as expensive as Dubai. For the time being forget places like Thailand as they have made it illegal to transact with bitcoin and this will make adoption non existant and bitcoin startups in the country non existant. Hopefully they reverse that decision and allow bitcoin innovation to flourish though. But for now Thailand is one of the most bitcoin UNfriendly places on earth. ES SG and Dubai all have zero tax on bitcoin usage but out of El Salvador Singapore and Dubai I would personally choose Dubai because it is still so cheap and easy to get permanent residence and its growing so fast that by 2040 it will likely be more developed and wealthier than Singapore. I really see a future where Dubai is the home of digital finance globally.

FreekTheDog

It's not only about the E in ESG, and Bitcoin's score is 10/10 in SG letters

ChonkMeow

HK, SG, SK and JP are leading the charge for mass adoption in Asia. Their regulations are not as hostile as the U.S

Edward-kun

Let SG be the crypto hub for Asia

poginmydog

This place is really an echo chamber. The statements he made was not in any way a reason for his win. No politicians in SG actually cares enough about cryptocurrency to have that as a campaign slogan. Not to mention the President in Singapore is a ceremonial role with no legislative power.

masterbatesAlot

I have mine on Ledger using SG1. To my knowledge, I haven't received any airdrops.

Omnomnomnivor3

ngl I thought I would atleast see SG or Tokyo in there

TheRicFlairDrip

Harmony one literally registered in SG and rugged their coin

cryotosensei

I can’t use Kucoin from 1 Sept onwards, not even if I want to KYC. It doesn’t support SG anymore

thinkingperson

[Crypto.com](https://Crypto.com) in SG charges a 3.5% Card Fee for buying crypto with a credit card.

keithwee0909

That is gonna be a disaster event for SG users 🫤 but yes I’m sure they have been looking at how to carve this part of money for themselves too

Shiratori-3

Probably fits the approach so far; SG seems to have been pretty tight on regulating retail access to crypto.

coinfeeds-bot

tldr; The Autorité des Marchés Financiers (AMF) in France has announced its plans to align its crypto regulations with the European Union's MiCA directive. The changes, which will be implemented by January 1, 2024, will introduce stricter registration protocols for digital asset service providers (DASPs). The updated guidelines will focus on managing conflicts of interest, expanding mandatory disclosures, and distinguishing between client and platform assets. DASPs that register after 2024 will need to adapt to these new regulations, while those registered before will be grandfathered in. The MiCA directive, approved by the European Council in May 2023, will be rolled out gradually until 2025. However, there are concerns about the exclusion of decentralized finance (DeFi) from regulation and the potential risks it may pose to financial stability. The AMF has already granted DASP status to Société Générale's SG Forge division for its crypto services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

poginmydog

Every crypto company has a company incorporated in SG. Makes it easy to check them out if you’re a Singapore resident.

sportspadawan13

Np. Not SG but got family there haha. Am still angmoh haha.

cryotosensei

I have a noob question. Can you off ramp with Kraken? Fellow SG here haha

commonsenseulack

Screenshotted this. Once SG runs I'll make sure to hit you up.

cryotosensei

Zero capital gains tax in SG Zero tax in Portugal if you HODL for more than a year

505hy

The E part is in many cases reasonable - don't be shitty company polluting environment and killing everything around it. Not in all cases but in some it makes some sense. I can understand that. However, the SG part is wild.

commonsenseulack

In all honesty same. I have a good amount in the blue chips and about 30k into this one. Listen to the most recent Twitter space we did last night, I believe they are uploading it to YouTube as well. ALSO, if you want to hear some sic beats, check out Sesh, dude is talented and drops tracks about SG that are dope

OkCycle5884

Great for SG Forge, seize the opportunity

coinfeeds-bot

tldr; SG Forge, the crypto subsidiary of Societe Generale, has become the first company to obtain a full regulatory approval for crypto in France. However, with the introduction of Europe's MiCA license in 2025, the French license will become obsolete. The advantage of SG Forge's license is that it may provide a "fast-track" transition process from French laws to MiCA, allowing access to the entire EU market. Several companies are currently in the process of obtaining the French license, and experts expect more firms to follow suit. The French regulatory framework for crypto is similar to MiCA's, but there are some key differences. Companies regulated under the French license will be able to serve French clients until June 2026. SG Forge's approval may set the standards for other firms in the industry, but there are concerns that smaller firms without the backing of financial giants may struggle to meet the high regulatory requirements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

nevjera

SG Forge may be playing the long game. Crypto advocates celebrated last week as French banking giant Societe Generale’s unit for digital assets became the first to gain full regulatory approval in France. With European laws soon to replace this licence, the move may indicate a long-term strategy.

UniqueSample1309

Bad idea laundering money with crypto lol. Good job SG High Court.

AmishMagic

SG is a great place for crypto investors (and a great place in general, lived there a couple of years during the pandemic - of all times). There is no capital gains tax there on crypto, it's super modern, clean, safe, and you can fly to anywhere in the world in a reasonable amount of time. Hope to return one day.

MoonshotPinetar

AND NOW MY STARTING LINE UP FOR YOURRR CRYPTOOo KINGSsSS 🎶 PG - Steph Curry (Ankr) SG - Michael Jordan (Ada Lovelace) SF - LeBron James (Moons) PF - Tim Duncan (Inj) C - Shaquille O’Neal (Big Daddy Bitcoin) 🏀 🚀

coinfeeds-bot

tldr; Societe Generale's cryptocurrency division, SG-FORGE, has obtained a cryptocurrency regulatory license in France, making it the first institution to do so. The license allows SG-FORGE to operate as a regulated digital asset service provider (DASP) in the country. The subsidiary received regulatory approval from France's financial markets watchdog, Autorité des Marchés Financiers (AMF), on July 18. With the license, SG-FORGE can offer trading and custody of digital assets, as well as buying and selling of crypto for legal tender. This development is seen as an important step for the development of Euro CoinVertible (EURCV), a euro stablecoin launched by SG-FORGE in April. The license approval solidifies Societe Generale-FORGE's pioneering role in the crypto assets ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Societe Generale's digital asset subsidiary, SG Forge, has become the first crypto firm to receive a full regulatory license from the French financial markets regulator, the AMF. The license allows SG Forge to trade digital assets against other digital assets and receive and transmit third-party orders. This adds to its already-approved activities of custody and trading digital assets. The license is seen as a significant achievement as it is difficult to attain and requires meeting high standards of compliance and banking security. Societe Generale has shown a strong interest in crypto, introducing a euro stablecoin and borrowing $30 million from DeFi protocol MakerDAO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

nevjera

“This step will allow us to continue supporting our institutional clients wishing to benefit from services on digital assets that meet the highest standards of compliance and banking security.” said Jean-Marc Stenger, SG Forge CEO, said in a statement.

coinfeeds-bot

tldr; Société Générale's crypto division, SG Forge, has become the first entity in France to be licensed as a digital asset provider by the country's financial regulator. This approval marks the highest level of regulatory certification for crypto businesses in France. SG Forge has been approved to operate in four areas, including custody and trading. The French system of crypto regulation has two tiers, with basic registration required for offering services and a more stringent process for securing a full license. This development comes as France aims to align its regulations with upcoming EU rules. SG Forge's CEO stated that this license will allow them to continue supporting institutional clients with compliant and secure digital asset services. The approval also positions SG Forge for the implementation of the European Union's Markets in Crypto Assets (MiCA) regulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

I_Will_Made_It

This is the hardest thing to obtain, the license or agrement, and not a simple registration as was the case for Binance in France. The fact that a bank obtained it before the specialized companies shows how difficult it is to obtain this authorization (or license), the companies must have their own funds and insurance to cover customers. It is therefore easier for a bank to obtain this registration with their cash flow. And for the information, it was an SG subsidiary (Forge) that obtained this license.

coinfeeds-bot

tldr; Societe Generale's cryptocurrency division, SG Forge, has become the first company to receive a license to offer crypto services in France. The license allows SG Forge to provide buying and selling, exchange, and custody of digital assets. While many crypto firms are registered with the country's financial regulator, SG Forge is the first to receive a license. The licensing process requires compliance with certain requirements in terms of organization, financial resources, and business conduct. This demonstrates a higher level of regulatory compliance compared to registration. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Impressive-Mix6253

I'd love to hear your thoughts on the recent doubling in value of SG.

Impressive-Mix6253

I'd love to hear your thoughts on the recent doubling in value of SG.

Impressive-Mix6253

Given the consistent rise in price of SG lately, have you included it in your portfolio?

thinkingperson

US basically sanction Iran to the stone ages. And countries having trade agreements with US would usually have a clause forbidding any individuals or organizations to lend assistance to any Iranian individuals or organizations to procure any electronic product or services etc etc. I rmb reading up on this and it's in one of the UN resolutions and in my (SG) country's law as well. *sic So it's high school bully tactics with global consequences.

forgotmypassword4714

The validator SG-1. To my understanding, if you stake it for 1 year you end up with 19% (of your staked amount) free. So if you stake 64 ATOM you'd get about 12 free ATOM in a year of staking. I've been staking 67 ATOM for about three and a half weeks and have earned 1.01 ATOM so far.

poginmydog

As a normal average Singaporean: probably something shady. As a libertarian/bitcoiner: guy’s made it. As the dealer: if the guy paid taxes/can prove his money, I’ll definitely take it. It’s the same in SG as anywhere else: if you can prove that your money is legally obtained (crypto or otherwise), businesses will deal with you. If you’re unable to prove the legitimacy of funds, banks (and other institutions) can choose to refuse service. The good news is that most institutions and banks have dealt with crypto bros before and companies like Gemini, CDC and Coinbase actually work with local banks for fiat on-ramp. Just a side note: Singapore is the place where it’s obvious institutions will get into crypto if clear regulations and guidelines are in place. The previously mentioned banks are working with major banks in the country directly and I’ve personally asked banks about opening accounts for crypto trading and they said it’s fine. Institutions WILL enter if regulators can be clear about their direction. America is kneecapping itself and Asia and the Middle East is shining bright as the world’s crypto hubs.

poginmydog

Bruh I’m in SG and it is. Capital gains is 0 tax and crypto is under that category. Day trading is in a grey area of tax and even then it’s self declared.

MajorLeons

Regulation has been established since 2017 I think, and they have 0 tax on crypto too. SG for the win.

jwz9904

SEC: bad ripple SG: Welcome

thinkingperson

Most agreed. A million SGD is still plenty to go by. It all depends on how you stretch the dollar. Granted, some may disagree with us as this varies depending on countries,but it's true for you in UK and me in SG.

Fredzoor


Dfranco123

KEPLR wallet and choose the best delegator I use SG-1