Asia

September 27, 2018 @ 2:40 pm By Cali Haan  |  

Lourdes Miranda, an independent financial intelligence analyst/financial crimes investigator, and Ross Delston, a lawyer specialized in anti-money laundering, have told the Asia Times that they believe North Korea (DPRK) is probably using cryptocurrency channels to skirt US sanctions. “International criminals everywhere prefer crypto-currencies and the… Read More

September 27, 2018 @ 11:37 am By Cali Haan  |  

Xinhua News has confirmed that citizens in China are using various types of evasion to continue investing in ICO’s and crypto despite a comprehensive ban there. Essentially, the crackdown has pushed Chinese crypto activity underground: exchanges have moved off shore, there has been a boost in… Read More

September 27, 2018 @ 10:46 am By Erin Hobey  |  

The Blockchain Trust Accelerator (BTA), a global platform for harnessing blockchain technology to solve social impact challenges, has created The Impact Ledger, an online registry of social impact blockchain projects, which span the nonprofit, public, and for-profit sectors. “Blockchain technology is emerging at a time… Read More

September 27, 2018 @ 10:34 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab has reportedly secured an e-money license for mobile wallet service in the Philippines.  This news comes just a few months after Grab announced it has teamed up with Malayan Banking Bhd (Maybank) to launch a new cashless payment method known as the GrabPay… Read More

September 26, 2018 @ 10:21 am By Cali Haan  |  

Google will reduce the extent of its ban on cryptocurrency ads this October by allowing regulated crypto exchanges to advertise on the platform to US and Japanese audiences only, CNBC reports. In the spring and early summer of this year, Google, Facebook, Twitter and SnapChat… Read More

September 26, 2018 @ 9:11 am By JD Alois  |  

  Mind Fund, a Hong Kong based VC company, has partnered up with Hedera Hashgraph to launch the first accelerator dedicated to Hedera’s iteration of blockchain. Helix Accelerator, based in Hong Kong, will seek to build Dapps exclusively built on Hedera’s platform. Mind Fund also participated… Read More

September 26, 2018 @ 9:03 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform CRYPTO.com announced on Wednesday its new advisory board.  The inaugural advisory board members are as follows: Antoine Blondeau: Founder and Managing Partner at Alpha Intelligence Capital Rob Bier: Founder and Managing Partner at Trellis Chien-Liang Chou: VP Engineering at Flexport Chris Corrado: Group Chief Operating Officer… Read More

September 25, 2018 @ 4:51 pm By JD Alois  |  

Mt. Gox, the infamous cryptocurrency exchange (really a Bitcoin exchange) that went bankrupt in 2014 due to mismanagement and theft, is getting closer to settling at least some of the claims that stand against it. Today, the bankruptcy trustee published a document indicating BTC 24,658.00762 and BCH … Read More

September 25, 2018 @ 10:43 am By Cali Haan  |  

A local division of Japan’s Finance Ministry has given the company Tech Bureau two days to explain the causes of and company response to a $60 million hack on the Zaif crypocurrency exchange that took place last weekend. On Friday September 14th, hackers spent two… Read More

September 24, 2018 @ 7:09 pm By Cali Haan  |  

The CEO of Korean crypto exchange Coinnest, who is reportedly already on trial for embezzling customer funds, has now been indicted for taking a bribe to list a controversial crypto coin called S Coin, Korea IT Times reports. The CEO of S Coin has also… Read More

September 24, 2018 @ 3:13 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced last week the launch of its ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm. According to Bitmain, the  ASIC SHA256 algorithm acceleration chip integrates more than a billion transistors and is optimized for maximum efficiency. It… Read More

September 24, 2018 @ 12:52 pm By Cali Haan  |  

Support has been snowballing for a young woman attempting to live exclusively on .21 Bitcoin (about $1300) for 21 days in crypto-hostile China, Bitcoin.com reports. He Youbing’s experiment is being documented by a Chinese subscription channel, and 17 episodes of Bitcoin Girl 21 Days Digital Survival… Read More

September 24, 2018 @ 11:02 am By Cali Haan  |  

The Japanese Financial Services Agency (FSA) and a crypto industry self-regulatory body have both taken action following last week’s $60 million hack on licensed Japanese cryptocurrency exchange Zaif, Cointelegraph reports. The hack, which has been publicly acknowledged by the company, took place over two hours on Friday,… Read More

September 24, 2018 @ 10:18 am By JD Alois  |  

Hong Kong based Caspian has formed a partnership with Coinbase, according to a note from Caspian. Caspian is a “full-stack cryptoasset management platform” that links exchanges and institutional money. Coinbase is one of the largest crypto exchanges in the world that has charted a path… Read More

September 22, 2018 @ 6:58 pm By Xu Gao  |  

Shanghai Information Security Evaluation and Certification Center is Working on the Establishment of Blockchain Technical Security Standards According to a report called “Safety issues under the rapid development of the “blockchain +” industry”, blockchain security problems in 2018 have caused $2 billion in asset losses… Read More

September 21, 2018 @ 10:27 am By JD Alois  |  

CoAssets Limited (ASX: CA8), a Singapore based Fintech that focuses on providing funding solutions for small to medium‐sized enterprises (SMEs), has announced that their CoAssets Stirling Fort Absolute Return Fund Pte. Ltd (CASFAR) has entered into an agreement with BMFA Group to invest USD $35… Read More

September 20, 2018 @ 3:11 pm By Cali Haan  |  

A licensed crypto exchange in Japan has been hacked for an estimated 6.7 billion yen ($60 million USD), two-thirds of which belonged to customers, Nikkei Asian Review reports. The exchange, Zaif, which is licensed in Japan, reportedly did not discover the hack for three days. Three… Read More

September 20, 2018 @ 1:07 pm By JD Alois  |  

According to a release from the Monetary Authority of Singapore, China and Singapore have “achieved new milestones in financial cooperation.” During the 14th Joint Council for Bilateral Cooperation (JCBC), co-chaired by Singapore Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean,… Read More

September 20, 2018 @ 7:06 am By Samantha Hurst  |  

Plug and Play announced earlier this week the first batch of startups selected for its multi-corporate Fintech and Insurtech program in Singapore. The accelerator reported it screened over more than applicants for the program. While sharing more details, Kayvon Deldar, Program Head of Plug and Play… Read More

September 19, 2018 @ 11:00 pm By JD Alois  |  

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More