Asia

September 15, 2018 @ 7:00 pm By Xu Gao  |  

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

September 15, 2018 @ 4:02 pm By JD Alois  |  

Singapore based HyperChain Capital, a digital assets management platform, has launched HyperBlocks Pro, described as a “professional proof of stake service.” The PoS service is said to be the first in the world backed by a major blockchain firm. HyperChain believes that more blockchain companies… Read More

September 14, 2018 @ 8:50 pm By Samantha Hurst  |  

On Thursday, Ripple announced the National Commerical Bank (NCB) of Saudi Arabia has joined RippleNet. According to Ripple, NCB was the first bank established in the country and, as of today, it is one of the largest financial institutions in the Middle East with more than… Read More

September 14, 2018 @ 1:03 pm By JD Alois  |  

The Indian Cabinet, Chaired by Prime Minister Modi, has approved a Memorandum of Understanding (MoU) pertaining to “Collaborative Research on Distributed Ledger and Blockchain Technology in the context of Development of digital economy by Export-Import Bank of India (Exim Bank) with the participating member banks,… Read More

September 14, 2018 @ 11:38 am By Gagan Singla  |  

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75% of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party… Read More

September 14, 2018 @ 9:39 am By JD Alois  |  

Republic Protocol and Wyre have formed a partnership where the Wyre payment platform will be integrated into Republic Protocol’s digital asset marketplace. The agreement is being described as bridging traditional finance to crypto trading in Republic’s dark pool service. Additionally, Wyre will be supporting Republic Protocol by… Read More

September 13, 2018 @ 3:17 pm By JD Alois  |  

Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off its global launch of its CoolWallet S hardware in the US. CoolBitX envisions a future where retail consumers use their crypto wallet hardware and the… Read More

September 13, 2018 @ 10:39 am By Samantha Hurst  |  

Singapore-based fintech MC Payments announced on Thursday the soft launch of Instapay, a B2C payment platform targeting Indonesian Small-Medium Enterprises (SMEs) market. According to MC Payments, the payment platform enables merchants and their customers to simplify payment transactions, by using social messaging apps such as Whatsapp and Line to… Read More

September 13, 2018 @ 9:01 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) has signed an agreement to collaborate on Fintech innovation. MAS has signed many of these types of agreements over the past several years. The CFTC is unique in the US as… Read More

September 12, 2018 @ 3:36 pm By JD Alois  |  

The United Kingdom and Singapore held their 4th joint meeting of financial services regulators and policymakers. The meeting took place in London yesterday where officials discussed regulatory initiatives and standards of conduct in the financial sector. Both the UK and Singapore have pursued Fintech innovation… Read More

September 12, 2018 @ 1:11 pm By Samantha Hurst  |  

Coinme, a financial services and blockchain technology company, announced on Wednesday it has appointed Chris Rolling as its new CFO. According to Coinme, Rolling has more than thirty years of executive-level experience at public and private companies around the globe. He is set to help… Read More

September 12, 2018 @ 11:36 am By Cali Haan  |  

Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More

September 12, 2018 @ 9:29 am By Cali Haan  |  

The founder of controversial crypto exchange OKEx has been questioned by Shanghai police regarding a case of suspected ICO fraud, Sina.com reports. The supervisor of the Shanghai Weifang Xincun Police Station, Lu Jun, issued a statement claiming that Shanghai police questioned OKEx founder Winxing (Star)… Read More

September 12, 2018 @ 8:25 am By JD Alois  |  

Invest Hong Kong (InvestHK) has shared details of its 3rd annual Hong Kong Fintech Week. The private – public partnership event which seeks to promote Hong Kong’s prominence in the fast evolving Fintech sector will be a bit different this year. For 2018, HK Fintech… Read More

September 11, 2018 @ 5:21 am By Erin Hobey  |  

The Waves Platform, a decentralized global platform offering an ecosystem for blockchain developers, has begun its process of activating Smart Contracts on the platform’s MainNet. According to the platform, Waves released a new system protocol for its blockchain, the first stage of the launch of Smart… Read More

September 10, 2018 @ 11:22 pm By JD Alois  |  

LATTICE80 has announced the launched an Angel Investor Network across 200 cities globally. LATTICE80, a large Fintech Hub with a presence in Asia, the Middle East, Africa and Europe, says its KAYA Network currently consists of a databased of more than 11,000 Fintech and Blockchain companies,… Read More

September 10, 2018 @ 10:21 pm By Cali Haan  |  

Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNews reports. The venture is being led cooperatively by KOBEA, the Economic Committee of Korea… Read More

September 10, 2018 @ 10:47 am By Cali Haan  |  

Cryptocurrency trading continues in China despite a ban imposed in September 2017 and escalating countermeasures this summer, The South China Morning Post reports: “Despite multiple attempts by Beijing to shut down all local exchange platforms since September 2017, cryptocurrency trading (has) continued to prosper, with many Chinese… Read More

September 9, 2018 @ 9:30 pm By Steven McClurg and Katie Talati  |  

As the second largest world economy, China is important to examine when considering the crypto market. For most of us, the world revolves around markets, news, and innovation within the United States. However, many may be missing moves made by the Chinese government as it… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More