Asia

January 3, 2019 @ 11:35 pm By Cali Haan  |  

“We are for biscuits, not Bitcoins.” V Shankar, CEO of a large “South-South” equity investment fund called Gateway Partners, was shouting into the wind last year when he advised investors to stay away from the trendiest investments: cryptocurrencies, Argentina, and Tesla. But he has been… Read More

January 3, 2019 @ 11:16 pm By Cali Haan  |  

Police in the Kashmiri city of Jammu have warned citizens there to avoid investing in cryptocurrencies because of “heightened risks” in relevant markets, Business Standard reports. According to the Inspector General (IG) of Jammu crime branch: “The general public is informed not to make any type of investment in… Read More

January 3, 2019 @ 9:32 pm By Samantha Hurst  |  

Singapore-based International CryptoX (INCX) recently announced the launch of its new compliance-focused cryptocurrency exchange. INCX revealed it is partnering with Bittrex to use its technology to offer customers a secure, reliable and advanced trading experience. INCX describes itself as an exchange platform that will primarily focus on customers in… Read More

January 3, 2019 @ 2:24 pm By Samantha Hurst  |  

Paytomat, a Singapore-based decentralized crypto payment system, announced on Thursday it has added Bitcoin Diamond (BCD) to its point-of-sale (POS), wallet, and settlement system, which includes both crypto-to-crypto and crypto-to-fiat settlements. Founded in 2016, Paytomat is currently used by more than 300 merchants, brick-and-mortar and e-commerce alike…. Read More

January 2, 2019 @ 8:20 pm By Cali Haan  |  

“Deteriorating profitability” resulting from stiff global competition from other miners and sharply falling cryptocurrency prices have prompted the Japanese e-commerce and Internet firm DMM to abandon its efforts in the crypto-mining sector, Toyo Kazei reports. DMM now joins Japanese Internet firm GMO, which also recently… Read More

January 2, 2019 @ 4:29 pm By Samantha Hurst  |  

Didi Chuxing, a mobile-based transportation platform, announced on Tuesday the launch of a financial services module in its China app. According to Didi, the new service now offers, among others, mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing… Read More

January 2, 2019 @ 10:43 am By Samantha Hurst  |  

LeadBest, a Taiwan-based company that is focused on the primary token issuance market to solve pre-and-post investment needs, announced on Tuesday it has formed a partnership with securities token platform Polymath to create a new token ecosystem. While sharing more details about the partnership, Heslin Kim,… Read More

December 31, 2018 @ 9:13 am By Cali Haan  |  

Rumours of widespread layoffs at Bitmain, the world’s largest manufacturer of cryptocurrency mining equipment and largest operator of crypto-mining pools, are now being followed by stories the company’s two famous founders -Micree Zhan and Jihan Wu- will be leaving their posts as Bitmain co-directors, Weixin… Read More

December 31, 2018 @ 8:12 am By Samantha Hurst  |  

Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

December 30, 2018 @ 9:45 am By Cali Haan  |  

A Taiwanese businessperson named Yang has been accused of stealing NT$ 100 million (about $3 million USD) in electricity from landlords at 17 locations where he was running surreptitious cryptocurrency mines across the country’s capital city of Taipei, Yahoo Taiwan reports. The man, who may… Read More

December 29, 2018 @ 12:00 pm By Xu Gao  |  

Another Fintech Incubation Center Officially Begins Operation in Guangdong Province On December 20th, the Fintech incubation center (hereinafter referred to as “incubation center”) of Guangdong Financial High-tech Zone was officially put into operation, which will provide office space, policy guidance, project financing supports for Fintech… Read More

December 28, 2018 @ 11:22 am By Samantha Hurst  |  

The Chinese Consortium Chain FISCO BCOS made its international debut at 2018 Singapore Fintech Festival. The organization reported that on December 21, the final round of FISCO BCOS Blockchain Application Contest was held in Shenzhen, China. ODRChain, which is described as a mature and in-operation project implementing a public consortium chain… Read More

December 28, 2018 @ 10:00 am By Samantha Hurst  |  

STO Global-X, a Singapore-based technology company, announced on Thursday the global release of its institutional-grade, end-to-end digital asset exchange solution, STO Global Exchange (STGX). The launch is done through STO Global-X’s partnership with BMI Capital Partners International and Coinstreet Partners. According to STO Global-X, the STGX platform… Read More

December 27, 2018 @ 8:02 pm By Cali Haan  |  

An investigation by the Shanghai and Shenzhen stock exchanges of 23 of 80 listed companies publicly claiming to have incorporated blockchain tech has revealed that 13 of them, or about 57%,  “have not achieved..results (in) blockchain,” Sina reports. Half of the companies that failed to deliver… Read More

December 27, 2018 @ 6:44 pm By Cali Haan  |  

Mark Carpeles, the disgraced former CEO of the now-defunct early Bitcoin exchange Mt Gox, has told a Japanese court that he did not embezzle 340 million yen (~$3 million USD) from the exchange in 2013, NHK reports. Mt Gox fell apart in the early months… Read More

December 27, 2018 @ 5:02 pm By Cali Haan  |  

The importance of storing one’s cryptocurrency safely was highlighted in South Korea this week when a court there decided that Korean crypto exchange Bithumb is not liable for customer funds hacked from an account there, Han Kyung reports. According to the outlet, an investor with… Read More

December 27, 2018 @ 4:51 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware and largest operator of crypto mining pools, and Huobi, the world’s third-largest cryptocurrency exchange, have both confirmed rumours they will be laying off employees, South China Morning Post (SCMP) reports. The value of global crypto markets has declined by… Read More

December 27, 2018 @ 9:22 am By JD Alois  |  

Online lending platform Robocash says that the ASEAN market is the best region for Fintech development during the next year. A report completed in partnership with Deloitte by Robocash states that Fintech investments in Southeast Asia will increase by more than 20-30% in 2018 compared… Read More

December 26, 2018 @ 4:11 pm By Samantha Hurst  |  

Japan’s Mizuho Financial Group is reportedly planning to introduce its very own digital currency, which will be used for shopping and remitted at no cost, sometime in 2019. According to Asian media website, Nikkei, Mizuho will reportedly allow retail shops using the currency to change… Read More

December 26, 2018 @ 1:07 pm By JD Alois  |  

Hong Kong-based Fintech Supercharger accelerator has partnered with the Asia Pacific University of Technology & Innovation (APU) located in Kuala Lumpur. Starting in the first quarter of 2019, prospective students may enroll for a Bachelor’s in Banking and Finance with a specialism in Fintech. Supercharger says… Read More