Asia

November 24, 2018 @ 9:47 am By Cali Haan  |  

A class action suit against the world’s largest cryptocurrency mining equipment maker and cryptomining conglomerate, Bitmain, has been filed in Northern California. The suit will test rumours circulating in crypto circles for some time that allege Bitmain used customers’ newly-purchased machines to mine crypto at… Read More

November 24, 2018 @ 9:32 am By Xu Gao  |  

Ping An Invests $47 million in Berlin-based Fintech Startup Finleap On November 20th, Ping An, one of China’s largest financial groups, announced its first entry into the European market. The Ping An Insurance Group’s Global Voyager Investment Fund led a €41.5 million ($47 million) investment… Read More

November 22, 2018 @ 12:19 pm By Cali Haan  |  

The transfer of the recently hacked Japanese cryptocurrency exchange Zaif to new owners has been finalized, says a release from the new owners, FISCO. For a time, the Zaif system will operate independently of the  Fisco Cryptocurrency Exchange (FCCE), which is already operating, but will… Read More

November 22, 2018 @ 11:25 am By JD Alois  |  

InstaReM, a Southeast Asian payments company, has closed on the first $20 million of a $45 million series, according to a report from the company. InstaReM claims to be funding one of the largest Series C rounds for a Fintech in Southeast Asian history. The… Read More

November 22, 2018 @ 6:57 am By Erin Hobey  |  

Happy Thanksgiving to all of our American readers! LATTICE80 is airdropping KAYA tokens to celebrate its first listing on crypto assets trading facility Blocktrade tomorrow. “ICO will end on 30th November,” noted LATTICE80. “We have currently raised $52 million, with a hard cap of $100… Read More

November 21, 2018 @ 6:35 pm By Cali Haan  |  

One of Asia’s largest stock exchanges is putting the breaks on any company already listed this is also looking to issue an ICO (initial coin offering). According to a recent blog post from the Singapore Exchange (SGX), companies already listing traditional equities on the SGX that… Read More

November 21, 2018 @ 6:55 am By Cali Haan  |  

A court case brought against the Central Bank of India for advising Indian banks to stop serving cryptocurrency exchanges has forced the Indian government to produce an affidavit that includes a timeline on when sector regulations can be expected, Quartz reports. The advisory to stop… Read More

November 20, 2018 @ 1:34 am By Cali Haan  |  

Veerathai Santiprabhob, the Governor of the Bank of Thailand (BoT), has laid to rest any notion that the general population of Thailand will be using a digital currency exclusively any time soon, Chiang Rai Times reports. The governor is more upbeat about prospects of his bank’s… Read More

November 19, 2018 @ 5:58 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a note stating this year’s annual Fintech Festival, which ended this past week, tallied approximately 45,000 participants from almost 130 different countries. MAS says this is the biggest Fintech event in the world. The Fintech Festival over… Read More

November 19, 2018 @ 2:55 pm By Samantha Hurst  |  

CIMB Group (CIMB or the Group), ASEAN’s fifth largest bank, announced last week it has joined forces with Ripple to enable instant cross-border payments across its markets. The duo reported that through this new partnership CIMB will join RippleNet and connect with other Ripple customers, which reportedly has more than… Read More

November 19, 2018 @ 9:56 am By Samantha Hurst  |  

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Monday it officially opens in Singapore this month and is set to expand within the region at a rapid pace. The company reported that while it is the early days for OneConnect Singapore, the new office have already received overwhelming regional customer… Read More

November 19, 2018 @ 2:05 am By JD Alois  |  

Samsung backed blockchain startup Aergo has received $30 million in venture funding, according to release from the company. Aergo is a partner of South Korea based Blocko – an enterprise blockchain provider. Aergo allows businesses to build applications and services by sharing data on a… Read More

November 18, 2018 @ 5:44 pm By JD Alois  |  

Southeast Asia is an enormous market with profound potential. When it comes to Fintech, Asia, in general, is the largest Fintech market in the world. Of course, this has to do with China’s participation but other countries are very active when it comes to alternative… Read More

November 17, 2018 @ 2:20 pm By JD Alois  |  

CROSS-BORDER INTERBANK PAYMENT AND SETTLEMENTS: Emerging opportunities for digital transformation Three governmental agencies have collaborated on a report pertaining to payments and settlements seeking to join in a push for a unified approach to this sector of Fintech. The Bank of England, Bank of Canada… Read More

November 17, 2018 @ 12:09 pm By Xu Gao  |  

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

November 17, 2018 @ 7:21 am By Cali Haan  |  

Eight men in Tokyo have been charged by local police with running a Bitcoin Ponzi scheme that authorities say defrauded over 6000 individuals in 44 Japanese prefectures of ¥ 7.8 billion ($68.44 million), Asahi reports. The men, including Kazunari Shibata, 46, who works as an executive… Read More

November 15, 2018 @ 10:05 pm By JD Alois  |  

The World Blockchain Trade Consortium (WBTC) launched this week at the Singapore Fintech Festival, according to a note from one of the founding members. The WBTC has launched with Fintech platforms, insurance providers and trade finance funds, each reportedly utilizing Invoice Check – a blockchain application… Read More

November 15, 2018 @ 11:37 am By Cali Haan  |  

Fahmi Fadzil, a Malaysian MP and the Communications Director for the Malaysian centre-left coalition party PKR, has urged the government of Malaysia to establish proper regulation of cryptocurrencies before it approves “Harapan Coin- the world’s first crypto-politic ICO,”  The Star Online reports. Fahmi reportedly told reporters… Read More

November 15, 2018 @ 8:21 am By Samantha Hurst  |  

CreditEase, a huge Chinese Fintech that started as just a peer to peer lending platform, announced on Thursday its founder and CEO, Ning Tang, has been named fintech advisor for the Singapore government. Ning reportedly asked by the Singapore Government to sit in on its International Technology… Read More

November 15, 2018 @ 8:09 am By Samantha Hurst  |  

Pundi X (CURRENCY: NPXS), a global developer of blockchain-powered devices, announced on Thursday it has moved its global headquarters from Indonesia to Singapore. The company reported that it was expanding its international operations to Singapore in recognition of the country’s encouraging stance towards blockchain technology and rising… Read More