Asia

August 27, 2018 @ 4:53 pm By Cali Haan  |  

Chinese search giant Baidu will no longer allow discussions of crypto on its popular forum site, Baidu Tieba, China Times reports. The decision is the latest in a spate of recent crackdowns being waged against crypto-industries in China, actions seeking to give teeth to a… Read More

August 27, 2018 @ 9:55 am By Samantha Hurst  |  

LumoXchange, U.S.-based fintech payments company, announced on Monday the launch of its money transfer service to the Philippines. The company reported it has built a platform that allows users to compare exchange rate offers from the leading banks in the Philippines and send money. Users… Read More

August 27, 2018 @ 8:35 am By JD Alois  |  

CoAssets Limited, a crowdfunding platform traded on the Australian Stock Exchange (ASX: CA8), has reported its financial results for the full year ended 30 June 2018. According to the company which is based in Singapore, CoAssets experienced its first full year of profitable operations representing… Read More

August 27, 2018 @ 8:07 am By JD Alois  |  

LavidaCoin: “Step Mother of Coin” The Securities Commission Malaysia (SC) has issued a statement on the initial coin offering (ICO) “LavidaCoin.” According to a report in the Independent, the cryptocurrency is the creation of a controversial Malaysia socialite who is well known in the country… Read More

August 26, 2018 @ 2:02 pm By Cali Haan  |  

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More

August 25, 2018 @ 10:49 am By Cali Haan  |  

Earlier today, and two days after WeChat suspended the social media accounts of 8 Chinese crypto news outlets, WeChat parent company Tencent has announced it will undertake “remediation measures” to monitor and “intercept” cryptocurrency sales and purchases on its WeChat Pay app. Similar news was… Read More

August 25, 2018 @ 9:51 am By Cali Haan  |  

Internet security firm Kaspersky Lab has claimed that hackers with possible ties to North Korea have struck against an unnamed crypto exchange using malware targeting macOS. Kaspersky lab attributes the latest hack to the Lazarus hack group. According to Wikipedia, the Lazarus Group earned its… Read More

August 24, 2018 @ 4:23 pm By Cali Haan  |  

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

August 24, 2018 @ 4:06 pm By JD Alois  |  

Buried within a report from Bloomberg this week was an interesting statement from Japan. Speaking with the relatively new Commissioner of the Japanese Financial Services Agency, Toshihide Endo, the public official shared his thoughts on cryptocurrency and Japan. Japan became a haven of sorts for… Read More

August 24, 2018 @ 12:40 pm By JD Alois  |  

Consumer finance platform Blackfish Technology has closed on a Series o A+ round financing at $50 million. In January, Blackfish closed on a $140 million funding round (950 million CNY). New investors in this most recent round are Lightspeed Venture Partners, Rakuten Ventures, China Growth Capital,… Read More

August 24, 2018 @ 12:19 pm By Cali Haan  |  

More news from China today regarding that country’s ban on citizens’ access to cryptocurrencies. According to The South China Morning Post, China will now block access to an additional 120 foreign cryptocurrency exchanges. Bitfinex, Binance, Huobi and OKEx are already blocked in China. When China announced… Read More

August 24, 2018 @ 10:03 am By JD Alois  |  

In a significant move by the Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX), the government entities announced its intent to offer digital assets including tokenized securities and virtual currencies. MAS and SGX will develop “Delivery versus Payment (DvP) capabilities” by using different blockchain… Read More

August 23, 2018 @ 4:12 pm By JD Alois  |  

Carats.io, a Fintech based in Israel that is building a financial market for diamonds, has partnered wit KELA – a jewelry / diamond retailer operating across Asia. KELA is said to be the largest online diamond retailer in China and has 300 stores across the… Read More

August 23, 2018 @ 3:43 pm By JD Alois  |  

Remitly, the largest private digital remittance Fintech HQed in the US, has boosted its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. Remittance payments around the world have become a… Read More

August 23, 2018 @ 11:42 am By Cali Haan  |  

A total ban on ICOs, cryptocurrencies and related exchanges enacted in China last September has hit the ground twice in the past two weeks, The South China Morning Post reports. Chinese government censors shut down at least 8 crypto-focused media accounts on Chinese social media site… Read More

August 23, 2018 @ 9:33 am By JD Alois  |  

Singapore based Aly Pte. Ltd., a Fintech that has launched an international stock tracking app Spiking, says that Seed and Pre A round founding now totals S$2.23 million after receiving an additional S$1.2 million. Spiking is moving beyond more traditional assets by adding digital assets covered in… Read More

August 22, 2018 @ 7:14 am By JD Alois  |  

Huobi Group has launched a new services that is said to provide a more transparent listing process to issuers. The Huobi Automated Listing Platform is not 100% automated as their are checks in place but the feature is designed to streamline the digital asset listing… Read More

August 21, 2018 @ 4:19 pm By Samantha Hurst  |  

Thomas Reuters announced on Monday it is joining forces with the Singapore FinTech Association (SFA) to figure against financial crimes. Thomas Reuters revealed it will be collaborating with the SFA on various projects and initiatives contributing to the development of the fintech industry in Singapore. The partnership will also… Read More

August 21, 2018 @ 10:45 am By JD Alois  |  

SharesPost has announced that OKEx, a Hong Kong based digital assets exchange, is joining their Global Liquidity and Settlement System (GLASS). SharesPost received approval to operate as an Alternative Trading System (ATS) earlier this year – a necessary move to trade in securities in a… Read More

August 21, 2018 @ 12:28 am By Cali Haan  |  

A substantial sting operation in northeastern China has netted 3 suspects accused of robbing 100 million yuan (about $15 million USD) in crypto from an individual’s computer. According to the Xinhua News Agency, on March 30th, 2018, a complainant contacted the X’ian police station alleging… Read More