Daily Briefing: Temasek unit invests in Israeli cybersecurity startup; Sim Lim Square shop attracts cryptocoin miners

And here's why over-diversifying your investments would do you more harm than good.

From Deal Street Asia:

Vertex Ventures, part of Singapore state investor Temasek Holdings, has joined a $4.7-million seed financing round of Israeli startup Cylus, which develops cybersecurity solutions for railways and metros.

According to a media release, other investors who participated in the round include Zohar Zisapel, a private investor and Founder of RAD, as well as Magma Venture Partners, and the SBI Group.

Read more here.

From The Motley Fool:

Portfolio diversification is integral to any investment plan. It prevents us from an over-reliance on a single investment and can negate the risks of large losses should one of our investments tank.

However, at the same time, over-diversification can do more harm than good. In this article, I will explain three reasons why we should not over-diversify our portfolio.

Read more here.

From Bloomberg:

The volatile and mysterious world of cryptocurrencies is now a shopping mall away -- at least in Singapore.

Ready-made computing machines used to facilitate transactions in Bitcoin and other digital currencies have appeared on the city-state’s shop shelves even as its central bank sounds a note of caution.

The availability of store-bought ‘mining rigs,’ each contributing its computing power to solve the complex mathematical problems needed to confirm transactions in digital currencies, means would-be cryptocurrency ‘miners’ in the country no longer have to assemble their own machines out of separate components.

Read more here.