Finance

Founder Confirms CryptoBilis Sold Before Ledger Supply Chain Attack: What Hardware Wallet Owners Must Do

Corporate records show authorized hardware reseller CryptoBilis changed ownership months before a supply chain attack drained millions in user crypto.

2 days ago

finance

BitPinas

Ledger Asks MY and PH-based CryptoBilis to Pause Sales Amid User Reports of Drained Funds, Security Concerns

Ledger requested distributor CryptoBilis to halt sales and shipments while investigating reports of missing funds from hardware wallet users in Southeast Asia.

3 days ago

RCBC Wins Two Digital Banking Recognition Titles at The Asian Banker Philippine Awards 2026

Rizal Commercial Banking Corporation won two awards at The Asian Banker Philippine Awards 2026 for its MySSS Card and RCBC Pulz U.S. Virtual Account.

6 days ago

BSP Imposes ₱1B Capital Requirement on Local Banks Operating Digital Models

The Bangko Sentral ng Pilipinas has mandated a ₱1 billion minimum capital requirement for thrift, rural and cooperative banks operating digital business models.

6 days ago

Morph Joins Mastercard Crypto Partner Program for Stablecoin Settlement

Morph joined the Mastercard Crypto Partner Program to develop multi-chain stablecoin payment and settlement solutions for Web3 businesses and creators.

6 days ago

Vault Summit Asia to Convene Financial Institutions in Singapore on Oct. 9

Vault Summit Asia convenes in Singapore on Oct. 9 to discuss institutional vault infrastructure and onchain asset management.

7 days ago

[Token2049] XREX Group Schedules Stablecoin Summit 2026 in Singapore Following U.S. Senate CLARITY Act Vote

XREX Group will host the Stablecoin Summit 2026 in Singapore on Oct. 8 to address regulatory developments and global payment infrastructure.

7 days ago

Tech Leaders File Supreme Court Petition Against DICT, CICC, NTC Officials Over Discord Blocking

Five technology and legal advocates filed a Supreme Court petition to permanently bar administrative agencies from blocking online platforms without judicial oversight.

9 days ago

Coins.ph Releases Statement to Users Regarding Cash-In Suspension

Coins.ph said it has temporarily paused inbound peso transfers via InstaPay and PESONet following a central bank directive to enhance internal controls.

10 days ago

Ahead of Blockchain Cadena Act? Marcos Signs EO 126 Mandating DBM COMPASS Portal to Track Government Spending End-to-End

President Ferdinand Marcos Jr. signed Executive Order 126, institutionalizing the DBM COMPASS portal to mandate end-to-end government spending tracking across all national agencies.

10 days ago

PDAX Opens Primary Subscription for Philippines Retail Treasury Bond Tranche 32

Philippine Digital Asset Exchange opens primary subscriptions for the Bureau of the Treasury’s Retail Treasury Bond Tranche 32 offering an indicative 6.875% annual rate through Oct. 7, 2026.

11 days ago

Bitget Replenishes Emergency Protection Fund to $300 Million Following Breach

Bitget restored its emergency Protection Fund to over $300 million five days ahead of schedule following a $388 million security incident.

11 days ago

Bitget Reports 131% Reserve Ratio in First Proof of Reserves Snapshot Following $388 Million Incident

Bitget reported an overall reserve ratio of 131% across 19 digital assets in its first Proof of Reserves snapshot following a $388 million security incident.

11 days ago

BSP Suspends Inbound InstaPay and PESONet Transfers for Coins.ph E-Wallet Operator

The BSP has partially suspended Coins.ph operator DCPay, blocking inbound InstaPay and PESONet transfers. Outbound and QRPh payments remain active.

12 days ago

GCash, PDAX Offer Philippine Government’s RTB 32 Treasury Bond via Mobile App

GCash and PDAX have made the Philippine government’s 2.5-year RTB 32 bond available through the GBonds mobile feature with a 6.875 percent annual yield.

12 days ago

Solaire Resort Introduces Solaire Pay Digital Wallet Top-Up Feature

Solaire Resort has launched Solaire Pay to allow gaming patrons to transfer funds directly from digital wallets to slot machines.

13 days ago

RCBC, SSS Partner to Deliver DiskarTech Digital Banking and LoanLite Microloans to OFWs

RCBC and the Social Security System introduced the MySSS Card and the upcoming SSS LoanLite microloan program to Overseas Filipino Workers during SSS Global Kabayan Day in Hong Kong.

13 days ago

Bitget Begins Phased Withdrawal Resumption After $388 Million Security Incident

Bitget has initiated a phased resumption of user withdrawals following a $388 million security exploit on Sept. 24.

13 days ago

Lawmaker Proposes Congressional Franchise Requirement for Social Media Companies

A proposed bill in the Philippine House of Representatives would require major social media platforms to obtain a congressional franchise to operate legally in the country.

DragonFi Securities Enters SEC Sandbox to Test Over-the-Counter U.S. Stock Depositary Receipts

DragonFi Securities receives SEC sandbox approval to test over-the-counter depositary receipts for U.S. equities and ETFs linked to local investor portfolio limits.

Baguio City Deploys Blockchain Records System Katibayan Covering P275M in Contracts

Baguio City launches Katibayan, an AI- and blockchain-powered system securing 246 city ordinances and 106 infrastructure contracts worth over P275.5 million.

OpenAI Expands ChatGPT Ads to Philippines, Southeast Asia, and Taiwan

According to the company, advertisements will appear exclusively for users on the Free and Go subscription plans.

CICC Lifts Discord Ban in the Philippines Following Regulatory Compliance Meeting

The Philippine government has ordered local internet service providers (ISPs) to unblock Discord following an emergency dialogue between platform representatives and cybercrime regulators on Thursday.

18 days ago

Reddit Won’t Be Blocked in the Philippines After Agreeing to Government’s Rapid Response Demands

Reddit avoids a Philippine access ban by agreeing to appoint a local representative and set up a priority “Green Lane” for government safety complaints.

19 days ago

Billease Bank Rebrand Signals Launch of In-App Savings Accounts and New BSP Leadership

Billease Bank rebrands and prepares to launch native savings and deposit accounts inside its app while adding former BSP Deputy Governor Eduardo G. Bobier to its board.

19 days ago

NPC Issues Show Cause Orders to Meta, Roblox, Reddit, and Discord Over Privacy Violations

The National Privacy Commission issued Show Cause Orders to Meta, Roblox, Reddit, and Discord over local privacy law non-compliance.

19 days ago

CICC Gives Reddit, Discord 24 Hours to Set Up Philippine Offices or Face Potential Bans

The CICC orders Reddit and Discord to appoint Philippine representatives within 24 hours or face platform restrictions following recent school violent incidents.

Illegal Casinos Tried Passing Themselves Off as Bakeries and Salons, Prompting Tighter BSP E-Wallet, QR Ph Rules

The Philippine central bank is enforcing strict new vetting rules for e-wallets after thousands of illegal online casinos masqueraded as bakeries and beauty salons.

GoTyme Bank Offers Free Holiday Flights to Overseas Filipinos via International Remittances

Overseas Filipinos sending or receiving remittances through GoTyme Bank can win round-trip flights home for the holidays.

SEC Pushes for IPOs as PSE Roster Lags Regional Peers

The SEC and PSE are moving to increase minimum capital requirements for stockbrokers, a change expected to drive further consolidation while officials push for more IPOs to boost market liquidity.