Asia

March 1, 2019 @ 2:52 pm By Cali Haan  |  

Wong Ching-kit, 25, known on social media as ‘Coin Young Master,’ and a 20-year-old accomplice, have been arrested in Hong Kong by officers from the Commercial Crime Bureau, South China News reports. They have reportedly been charged with conspiracy to defraud for selling cryptocurrency ‘mining… Read More

March 1, 2019 @ 8:52 am By JD Alois  |  

CoAssets (ASX: CA8), a Singapore based Fintech and investment platform that is listed on the Australian Stock Exchange, has reported 6-month results for their 2019 fiscal year (July 2018 to December 2019). Co-Assets states that top line revenue rose 536% to S$5,938,415 versus S$933,238 in… Read More

March 1, 2019 @ 3:23 am By Cali Haan  |  

The Japan Times is reporting that the National Police Agency of Japan says it received 7000 reports of possible money laundering using cryptocurrencies in 2018. The represents a ten-fold jump in the number of reports submitted before December 2017, when Japan made it mandatory for cryptocurrency… Read More

February 28, 2019 @ 9:32 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Thursday its unaudited financial results for the quarter ended December 31, 2018. According to Hexindai, fiscal year refers to the 12 months ended on March 31st.  Hexindai reported that Third Quarter of Fiscal Year 2019 Operational… Read More

February 28, 2019 @ 1:44 am By Cali Haan  |  

A man who promised astronomical returns to investors in “KBC Coin” (a cryptocurrency named after India’s popular Kaun Banega Crorepati (KBC) TV game show) has been arrested by police in Mumbai, The Hindu and Hard Fork report. Pritam Patil was reportedly apprehended after Nanasaheb Patil, an agricultural… Read More

February 27, 2019 @ 2:09 pm By Samantha Hurst  |  

Singapore-grown fintech Rely recently announced it has raised a seven-figure sum through its pre-Series A funding led by Goldbell Financial Services. Founded in 2017, Rely described itself as a ‘buy now pay later’ service that enables customers to buy what they want today and split the purchase amount… Read More

February 26, 2019 @ 10:16 pm By Cali Haan  |  

Korean cryptocurrency trading platform Coinbin, which took over “Top Ten Korean …Exchange” Youbit last April after Youbit lost $15 million USD (17 billion won) in customer funds in a hack, has declared bankruptcy and ceased all trading on February 22nd, Business Korea reports. Coinbin CEO Park Chan-kyu… Read More

February 26, 2019 @ 10:33 am By Cali Haan  |  

The Supreme Court of India yesterday ordered the Indian state to establish rules to govern the cryptocurrencies and sector there within four weeks, Inc42 reports. Justices Rohinton Fali Nariman and Vineet Saran also declined to hear from any more petitioners regarding an ongoing legal fight against… Read More

February 25, 2019 @ 8:51 am By Samantha Hurst  |  

Sunday, a Thailand-based insurtech startup, announced on Monday it secured $10 million through its Series A funding round, which was led by global investor network Vertex Ventures SEA and India. Founded in 2017, Sunday is a fully-integrated sales and services InsurTech that uses artificial intelligence and digital… Read More

February 24, 2019 @ 3:38 pm By Cali Haan  |  

According to Reuters, crypto-exchange software maker ANX International purchased a controlling stake in Hong Kong-listed marketing firm Branding China last year, and said that the company’s new status as a publicly-traded company granted clients, “additional confidence in knowing we are a credible company and here… Read More

February 23, 2019 @ 6:46 pm By Xu Gao  |  

LipPass: a New Type of User Authentication for Mobile Phones Sometimes, people might use fingerprint film or avoice recording, as shown in some movies, to bypass fingerprint or a voiceprint authentication checks on the phone. However, such tricks may not always succeed in the future…. Read More

February 22, 2019 @ 11:46 am By Samantha Hurst  |  

Mizuho Bank, Ltd., a core subsidiary of Mizuho Financial Group, Inc., announced earlier this week it is set to launch a new bank digital currency platform, J-Coin Pay, in cooperation with approximately 60 other financial institutions. According to Mizuho Bank, J-Coin Pay employs QR codes1… Read More

February 21, 2019 @ 10:45 pm By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it is teaming up with  Xiaomai Zhujiao, a provider of education management software systems in China, to develop a consumer financing solution for education and training institutions. PINTEC reported that it will cooperate with Xiaomai Zhujiao to… Read More

February 21, 2019 @ 4:14 pm By Samantha Hurst  |  

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Thursday it has commenced operations in Indonesia to enable local banks and financial institutions to accelerate their efforts in digitization of financial services and move towards a more inclusive financial industry. This news comes just a few months… Read More

February 21, 2019 @ 7:31 am By Cali Haan  |  

Citing cybercrime as the “biggest threat to digital India,” Indian Union Home Minister Rajnath Singh inaugurated a new national cyber forensic lab and Delhi Police cybercrime unit, ‘CyPAD,’ on Monday, The Hindu reports. According to the outlet, Minister Singh described cybercrime as “a challenge to policing,”… Read More

February 20, 2019 @ 11:46 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has formed a new partnership with Tirol Werbung, the tourism organization of the Austrian state of Tyrol, are launching a new China Pay Initiative together with partners Innsbruck Tourism, Kitzbühel Tourism, the Kufsteinerland Tourism… Read More

February 20, 2019 @ 3:04 am By Cali Haan  |  

Police in India have arrested four and are seeking a fifth suspect whom they believe used a cryptocurrency scam to steal 1 billion rupees (nearly $14 million) from investors in Mumbai, Surat, Gujarat, and Uttar Pradesh, Times of India reports. The men, Sanjay Sontakke, 44; Rajnikant Kumavat, 46; Alpesh… Read More

February 20, 2019 @ 2:55 am By Cali Haan  |  

30 investors in Thailand who say they were defrauded of 42 million baht ($1.34 million USD) by the owner of a Bitcoin mining scheme formally complained Monday to the Thai Technology Crime Suppression Division, The Bangkok Post reports. Police say a total of 140 investors have now… Read More

February 18, 2019 @ 7:01 pm By JD Alois  |  

The Chinese Ministry of Public Security has revealed that over 380 peer to peer lending platforms are currently under investigation. A release by Xinhua on Sunday said that about USD $1.5 billion in P2P lending assets were involved. Apparently, the Chinese police have seized or frozen cash,… Read More

February 18, 2019 @ 3:54 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced on Monday the launch of its next-generation 7nm ASIC chip, BM1397. According to Bitmain, the new chip achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH),… Read More