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Business Ideas

How a Bitcoin Pioneer in PH Survived the Vagaries of the Cryptocurrency Market

Meet the founders of one of the first blockchain technology companies in the Philippines

When John Bailon first heard about Bitcoin, he thought it was a scam.“When I downloaded the software, I ran it, [and] it crashed on my computer,” he told Entrepreneur Philippines during an interview last April.  “I said, this must be a scam. That was maybe ...

by Lorenzo Kyle Subido  | October 15, 2018 09:00:00
News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
Startup Tips

What You Need to Know About PH’s Bitcoin and Cryptocurrency Startups

Who are the main players, what do they do and who is regulating them?

When Bitcoin exchanges Coins.ph and Satoshi Citadel Industries (SCI) launched in 2014, the Philippine market was only beginning to establish a virtual currency community.Writing in cryptocurrency media website CoinDesk back then, one of the pioneers expressed optimism about the potential of cryptocurrencies ...

by Lorenzo Kyle Subido  | December 18, 2017 10:00:00
News and Events

PH Cryptocurrency Startups Swamped as Bitcoin Transactions Soar Amid Surging Price

Coins.ph warns clients cash-out times may take longer while Satoshi Citadel tries to keep up with growth

In the one-month period from November 11 to December 10, the price of 1 Bitcoin rose 133 percent from $6,334 to $14,774, according to data from CoinDesk.com. The high volatility of the cryptocurrency has sparked a surge in interest from Filipino investors, ...

by Lorenzo Kyle Subido  | December 12, 2017 08:00:00
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