Asia

June 6, 2019 @ 10:37 am By Cali Haan  |  

Jihan Wu, departed CEO and co-founder of the world’s largest crypto-mining hardware producer, Bitmain, will launch an OTC cryptocurrency custody and trading desk called Matrix within a month, sources to  The Block report. The unnamed commenters also believe the exchange will have a tremendous advantage in… Read More

June 5, 2019 @ 9:41 pm By Cali Haan  |  

Mark Karpeles, the man whose incompetence many believe resulted in the destruction of early Bitcoin-exchange Mt Gox and the loss of almost $500 million USD of Mt Gox user funds, is starting a new “blockchain” venture, AP News reports. Karpeles recently beat tremendous odds and… Read More

June 5, 2019 @ 5:09 pm By X.Y. Ng  |  

Peer-to-peer (P2P) lending is a form of crowdfunding, a method of raising capital that is nowadays often facilitated via the internet. Rather than rely on large amounts of funding from a handful of entities, crowdfunding uses small investments from a large pool of individuals. For… Read More

June 3, 2019 @ 10:47 am By JD Alois  |  

Phunware, Inc. (NASDAQ: PHUN), a cloud platform for mobile that provides solutions and services for brands worldwide, has announced the introduction of the “Phun utility token”. Not too long ago, Phunware issued PhunCoin security tokens. Phunware sold part of the issuance using CoinList’s compliance services… Read More

June 3, 2019 @ 8:26 am By JD Alois  |  

BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen… Read More

June 2, 2019 @ 9:49 am By Cali Haan  |  

Finance Ministers and Central Bank Governors from the globe’s twenty most powerful economies are “expected” to collaborate on creating a global registry of cryptocurrency exchanges when they meet at the G20 Conference in Fukuoka, Japan, in June, Nikkei Asian Review (NAR) reports. G20 government personnel meeting… Read More

June 1, 2019 @ 8:00 pm By Xu Gao  |  

PBOC Set Up Deposit Insurance Fund Management Company On May 24th, the People’s Bank of China (PBOC), China’s central bank, set up a deposit insurance fund management company after it took a rare move to take over Inner Mongolia-based Baoshang Bank in response to its… Read More

May 30, 2019 @ 9:10 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday the listings of Chainlink’s LINK, Ethereum Classic’s ETC, and WAVES Tokens on its Wallet and Card App. The tokens notably join a growing list of cryptocurrencies and stablecoins on the platform, which includes Bitcoin (BTC), ether (ETH),… Read More

May 30, 2019 @ 8:54 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has formed a partnership with Chinese e-commerce platform XBN to enable digital payments outside of China. According to Wirecard, XBN is on a rapid global expansion with a trading volume of more… Read More

May 30, 2019 @ 7:56 am By Cali Haan  |  

Stating that they plan to “closely monitor market condition(s)… (and) strictly control…illegal acts such as fraud and (multilevel marketing),” officials from the Korean Department of Justice and the Financial Supervisory Commission held an emergency meeting May 28th to “examine…virtual currency market trend(s)” in the wake of price… Read More

May 29, 2019 @ 7:56 pm By Cali Haan  |  

Citing concerns about “…anonymity, speed and cross-border nature of DPT (cryptocurrency or digital payment tokens) transactions,” the Monetary Authority of Singapore (MAS) has stated it does not want to hasten regulation of cryptocurrencies because of the potentially “legitimizing” and popularizing effect doing so could have…. Read More

May 29, 2019 @ 11:46 am By JD Alois  |  

TransferMate, a cross-border B2B payments providers, has secured its first regulatory approval in Asia with a payments license in Singapore. TransferMate claims to hold one of the largest portfolios of payments licenses in the world. This includes all 50 US states plus territories, to support… Read More

May 29, 2019 @ 9:41 am By Samantha Hurst  |  

Blockchain security company CipherTrace announced on Wednesday it has formed a new partnership with Rakuten Wallet, a subsidiary of Rakuten Group, a global company that operates an e-commerce site in Japan, to assure anti-money laundering (AML) compliance for the Rakuten’s highly anticipated cryptocurrency exchange. According… Read More

May 29, 2019 @ 8:29 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed NEO, as well as Bitcoin Cash (BTC) on its Wallet & Card App. According to Crypto.com, the addition of the currencies brings the total amount of the cryptos on its site to twenty-two.  NEO… Read More

May 28, 2019 @ 10:21 am By Samantha Hurst  |  

United Overseas Bank (UOB) announced on Tuesday it has teamed up with Mastercard to launch its new regal business metal card specifically for small and medium-sized enterprises (SMEs). While creating the card, UOB reported that it and Mastercard conducted face-to-face interviews and surveys with senior executives… Read More

May 28, 2019 @ 9:08 am By Cali Haan  |  

Seoul’s blockchain-enthused mayor, Park Won-soon, has announced at the Korean Future Forum his administration’s plans to turn Seoul into a data-accumulating “smart city” using a network of 50 ooo censors, blockchain databases and AI (artificial intelligence), Korean media outlet Queen reports. A cadre of business,… Read More

May 27, 2019 @ 11:00 pm By JD Alois  |  

Bitbond, one of the very first regulated security token offerings (STOs) in Europe, is now offering an STO to Asian investors. According to a release from the company, Bitbond is raising €3.5 million in an STO to continue supporting SMEs in Asia with business loans…. Read More

May 27, 2019 @ 9:52 pm By Cali Haan  |  

Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

May 27, 2019 @ 9:48 pm By Cali Haan  |  

A 61-year-old woman in China has been sentenced to 4 months in prison and fined 10 000 Yuan ($1450 USD) for allegedly “stealing the national power resources” to mine Bitcoins, Chinese news outlet The Paper reports. The Kaiping District People’s Court of Tangshan City, Hebei… Read More

May 25, 2019 @ 10:01 am By Xu Gao  |  

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More