Asia

Stakeholder Says Troubled Bitfinex Exchange Has Sold All One Billion IEO Tokens Issued to Cover $850 Million USD Seized

Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… Read More

Korean Crypto Exchanges Announces Listing Evaluation Partnership With CrossAngle

Korbit, CPDAX, and GOPAX, three cryptocurrency exchanges in South Korea, announced earlier this week their partnership with CrossAngle to enhance the reliability of their coin listings. According to the trio, CrossAngle has developed a data disclosure platform, Xangle to tackle these problems. Data gathered directly from… Read More

Hong Kong Monetary Authority Grants Four New Virtual Banking Licenses

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

Project Inthanon: Bank of Thailand Pushes Forward with Central Bank Digital Currency

The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in… Read More

PINTEC Opens International Headquarters in Singapore

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT). PINTEC reported its international headquarters in Singapore will… Read More

Zebpay Launches Crypto Trading in Australia

Crypto exchange Zebpay has opened up trading services to the Australian market with a new office in the Fintech hub of Melbourne.  Zebpay currently claims over 3 million active users. The company is headquartered in Singapore. Zebpay is also extending its Lightning Network to Australia… Read More

After Raising $10 Million, QEDIT Partners with Ant Financial, VMWare and RGAX on Enterprise Privacy Blockchain

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

The Monetary Authority of Singapore Partners with Central Bank of Kenya on “Afro-Asia Fintech Festival”

Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July…. Read More

Peer to Peer Lender Fincera Announces Year End Results. Issues First Semi Annual Dividend of $0.30

Peer to peer lender Fincera (OTCQB: YUANF) has issued their 2018 year-end results. The Chinese online lender reported top line revenue for the year ended December 31, 2018 at RMB 1,412.0 million (USD $205.7 million), an increase of RMB 388.1 million from RMB 1,023.9 million… Read More

Global Fintech Ideanomics Signs MoU with Beijing Foton Motor Company

Ideanomics (formerly known as Seven Stars Cloud Group, Inc.) (NASDAQ: SSC), a global fintech and asset digitization services company, announced on Monday it has signed a MoU with Beijing Foton Motor Company (Foton). According to Ideanomics, the agreement for China-based activities is a 2-year deal, at 5… Read More

The Bank of Canada and Monetary Authority of Singapore Use Blockchain for Cross Border Payment Experiment using CBDC

The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful “experiment” of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has… Read More

12 Crypto Exchanges Partner with CoinMarketCap to Address “Fake Trading Volumes in Crypto,” Launches Data Accountability and Transparency Alliance

Many cryptocurrency exchanges are lightly regulated or simply not regulated at all. This has led to rampant claims of bogus trading volumes as some exchanges use wash trading or other ploys to boost volume and the appearance of relevance. The Blockchain Transparency Institute has been… Read More

Citi Announces New Partnership With Vietnam Fintech Payoo

Citi Treasury and Trade Solutions announced last week it has formed a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Citi reported that under the partnership, its corporate clients in Vietnam will be able… Read More

AngelHub is Hong Kong’s First Regulated Investment Crowdfunding Platform

AngelHub has received regulatory approval, including two separate securities licenses, according to a report in the SCMP. Based in Hong Kong and part of the burgeoning Fintech scene, AngelHub is the first platform to receive such approval. AngelHub is the creation of the founders of… Read More

China: WeiyangX Fintech Review

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More

Bill to Ban Cryptocurrencies Circulating in India

Despite several reports that the government of India will not be addressing cryptocurrency legislation and relevant court cases until after the national elections wrap up in July, there is now news that a draft bill to ban cryptocurrencies is being circulated among Indian legislators, The… Read More

Ledger Changes Leadership as Pascal Gauthier Appointed CEO, Report Indicates Samsung Invests €2.6 Million in Crypto Security Firm

Crypto security firm has shuffled its executive bench. In a blog post yesterday, Eric Larchevêque, Ledger Executive Chairman & Co-Founder, announced that the company’s President, Pascal Gauthier, has been bumped up to CEO. Larchevêque explained the transition: “With the ever-growing challenge of managing such a… Read More

Report: Softbank Founder Masayoshi Son Lost $130 Million on Bitcoin

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

Want Stablecoins? TrustToken Has Them. Adds TrueEUR, TrueCAD, TrueHKD & TrueAUD to Flagship TrueUSD and Recently Released TrueGBP

TrustToken is all in on Stablecoins having just announced four new Stablecoins each backed by fiat currency. TrustToken is launching the following stablecoins: TrueAUD, TrueEUR, TrueCAD, and TrueHKD. As one would expect, these coins represent Australian Dollars, Euros, Canadian dollars and Hong Kong Dollars. TrueAUD… Read More

Gifto Abandons Ethereum, Migrates Over to Binance Chain, a Blockchain that is Less Costly, Simple to Use

Gifto, a company that completed a $30 million initial coin offering (ICO) in less than a minute, has bailed on Ethereum. In a blog post, Gifto said they have “tremendous respect for the Ethereum community,” but that respect apparently does not transfer over to confidence… Read More

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