Singapore to introduce Two New Cryptocurrency Indexes

Singapore is trying to set up two new crypto indexes to help traders have better understanding of Bitcoin and Ethereum prices.

Share

Enjoying a healthy economy, Singapore tends to lead the Crypto by assisting in setting the price standards for BTC and ETH. Singapore Exchange Ltd is to set up two more crypto indexes to help all traders to have a better grasp of BTC and ETH prices and as a result make wiser decisions.

The indexes are going to be called the iEdge Bitcoin Index and the iEdge Ethereum Index. Simply, they would get the information from platforms like Crypto Compare and guide the traders where the Bitcoin and Ethereum are directing to.

Singapore seeks to be a power in directing Bitcoin and Ethereum in the coming months. Asia has always been a major power in crypto world as China by itself is believed to be controlling roughly around 65%of the bitcoin mining hashing power.

Categories

Crypto Currency(5)

News

An office for Federal use of blockchain tech coordination

Rep. Soto is after establishing an office to monitor all the blockchain-concerned activities within the Federal government that are unrelated to defense. ...

JAN 03, 2021

Rising dramatically in price, Bitcoin touched $31K and $100 million of shorts we liquidated

A large number of short risky positions were liquidated when Bitcoin rose to $30,950 ...

JAN 02, 2021

Arrested under a 25 million rupee Indian crypto scam allegation at the Delhi airport.

The fraud seem to have lured people into investing in a 2017 scheme with a 20% monthly profit. ...

JAN 02, 2021

To raise its $117M IPO, INX is using the token listings on the exchanges around the world

Having raised up to $10M out of the total $117M so far, INX hopes to will have raised it by the end of the year. ...

DEC 30, 2020

Tags

Bitcoin

Ethereum