Singapore Approves Coinbase for Cryptocurrency Payment Solutions; Bitcoin and VC Spectra Attracting Investors

cryptonews.com:

Coinbase's recent approval by Singapore's Monetary Authority signals the city-state's growing embrace of cryptocurrency. As Bitcoin (BTC) continues its bullish trend, backed by Marathon Digital's robust production, the rising star VC Spectra (SPCT) steals the limelight. Let’s explore what's happening in the crypto industry and learn more about this cryptocurrency for beginners.

>>BUY SPCT TOKENS NOW<<

Coinbase obtains an MPI license from the Monetary Authority of Singapore.

Analysts say Bitcoin (BTC) might approach $28,500 at the end of October.

VC Spectra (SPCT) attracts investors with its 82% surge promise.

On October 1, Coinbase achieved a milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows the platform to extend digital payment token services, including top altcoins, to Singapore's retail and institutional clientele. 

Nana Murugesan, the VP of Internal and Business Development at Coinbase, views this as an endorsement and a duty towards Singapore's blossoming crypto and Web3 domain. With Singapore carving a niche as a pivotal crypto hub, Coinbase's introduction of tailored regional offerings underlines its ambition to solidify its international footprint.

Marathon Digital Holdings experienced a 245% increase in Bitcoin (BTC) production in September 2023 due to their optimized Texas operations. Their upcoming facility in Garden City and a 20% hike in the U.S. hash rate showcase a promising Bitcoin future. Their Abu Dhabi partnership contributed an additional 50 BTC, bringing their total to 13,726 BTC by month's end.

With assets totaling $471.2 million, Marathon solidifies its position in the market. Data indicates that the $27,000 mark is now a pivotal