The in-principle approval, which the central bank started giving out to crypto firms in 2021, means individuals and institutions can use digital payment token services and the firms are regulated by the central bank under its Payment Services Act.Ĭalling it a “significant milestone”, Coinbase said in a statement on Tuesday that it has been building up its presence in Singapore and currently has nearly 100 employees in the Southeast Asian state, with product engineers forming the largest bulk of hires. “The ongoing joke right now between me and like my friends in Coinbase and one of the emails I sent them was like: ‘Look, I need y'all to let me know what's going on because I got a mega-yacht company ready to build me a penguin-shaped yacht’,” Williamson said.Coinbase, the largest crypto exchange in the United States, has received approval from Singapore’s central bank to offer payment services in the city-state. Williamson’s story has captured the cryptocurrency world with many urging Coinbase to rectify its mistake, while other prodding him to make sure he gets some sort of relief for his emotional and financial troubles. E6LwufAVUoundefined Christopher Williamson JThe attention drawn to Williamson’s story has boosted RocketBunnny’s coin as the cryptocurrency surged over 9 per cent on Wednesday. Also, I wanted to clarify that the user's account was never locked and he never lost access to the account,” a representative of Coinbase was quoted by Dailymail.ĭay 6: - I never understood Otis Campbell until y’all came into my life. “Support responded to the user on June 18. Williamson updated on twitter on Monday that the value of his account was still going up, but he could not cash out as it had been frozen by Coinbase. Despite numerous pleas to both Coinbase and RocketBunny, the problem of a $1 trillion balance in his trading account could not be sorted out till the time of publication. ![]() Williamson’s harrowing experience did not end soon. Yes, that’s 12 decimal points after the zero! The value of the cryptocurrency has nosedived 76 per cent over the past 22 days, making the possibility of Williamson becoming a trillionaire because of the cryptocurrency a near impossibility. The cryptocurrency was last quoting a price of $0.000000000036. They're working to fix - in the meantime, trading the asset will reflect its current market value,” the Coinbase twitter handle responded to Williamson’s tweet two days later. #cryptotrillionaire /dyxKvx11WSundefined Christopher Williamson J“Sorry - the penguin yacht may have to wait - our team is aware of the display error causing this wishful thinking for some ERC20s. I got a mega yacht shaped like a penguin on standby. I’m gonna need someone to explain what the heck is going on and then write me a check. ![]() The balance being reflected on Williamson’s Coinbase account was a ‘technical error’. It turned out, that the $20 worth of RocketBunny cryptocurrency that Williamson had purchased using his Coinbase account had not turned into more than $1 trillion overnight. I got a mega yacht shaped like a penguin on standby,” Williamson wrote on his twitter handle. “I’m gonna need someone to explain what the heck is going on and then write me a check. He went on micro-blogging site twitter the same day to get a handle on things. I look at it again and I'm like… at that point, I fell out of my bed, literally,” Chris Williamson told US-based Fox 5 network. “I woke up, it's like 9 am and I always check my phone to check how my crypto is doing and I'm just like, ‘Naw, I'm sleeping'.
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