Asia

August 20, 2018 @ 11:08 pm By Cali Haan  |  

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

August 20, 2018 @ 1:44 pm By Samantha Hurst  |  

On Monday, organizers of the music festival, Ultra Taiwan 2018, announced they have teamed up with Pundi X to allow the upcoming event to use blockchain for onsite transactions. According to the organizers, the exclusive partnership between  Pundi X and the Ultra Taiwan Festival will see over… Read More

August 20, 2018 @ 12:50 pm By Samantha Hurst  |  

On Monday, Korean blockchain project BOScoin announced it has entered into a Memorandum of Understanding (MoU) with Korea Cashback, Inc. The duo has teamed up to create a global travel platform, tentatively named Woti. BOScoin reported it is planning to introduce the distributed-network-based Human Identity… Read More

August 20, 2018 @ 8:12 am By Samantha Hurst  |  

Digital payment platform Alipay announced on Monday the launch of its paperless tax refund service in South Korea. The firm reported that it teamed up with Global Tax Free (GTF) for the new service, which notably enables Chinese tourists to apply for and claims tax rebates on their mobile phone… Read More

August 19, 2018 @ 7:00 pm By JD Alois  |  

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

August 18, 2018 @ 9:56 pm By Samantha Hurst  |  

The Cambodia Fintech Association (CFA) announced its official launch on Wednesday. The organization revealed it is focused on the country’s fintech community, which are fintech startups, accelerators and VCs. According to its website, the CFA is on a mission to become the national, not-for-profit organization… Read More

August 18, 2018 @ 10:41 am By Xu Gao  |  

Ant Fortune Announces the Launch of One-Stop Pension Service with First Batch of 14 Pension Funds On August 14, Ant Fortune announced that it will launch a series of pension products and services based on open + AI technology. In the future, users could get… Read More

August 17, 2018 @ 1:45 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week the launch of its new share repurchase program, which allows the lender to authorized the repurchase of its ordinary shares in the form of American depositary shares with an aggregate… Read More

August 16, 2018 @ 9:00 am By JD Alois  |  

Huobi Group, one of the largest crypto exchanges, has hooked up with corporate partners to aid in launching four independent exchanges. By leveraging Huobi Cloud, these partners are expected to set up exchanges in Canada, Indonesia, the Philippines and Russia. These marketplaces are said to… Read More

August 15, 2018 @ 8:37 am By Samantha Hurst  |  

Singapore-based cryptocurrency services platform Ethos announced it now integrating with Simplex, a global instant fiat purchase service enabling bitcoin and altcoin purchases with credit and debit cards. The integration will be through the Ethos Universal Wallet, which provides a secure, self-custodied mobile wallet that puts… Read More

August 14, 2018 @ 11:26 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ:HX) announced on Tuesday it has entered into definitive agreements to acquire a 20% equity stake in Musketeer Group Inc., an Indonesian online lending platform that offers consumption installment loans, for approximately $1.6 million, and simultaneously completed the acquisition.  As… Read More

August 14, 2018 @ 10:30 am By Samantha Hurst  |  

Chinese insurtech ZhongAn Online P & C Insurance Co., Ltd. recently announced its wholly-owned subsidiary ZhongAn Technology has launched its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers, with AXA Tianping, a foreign property and casualty insurance company. According to ZhongAn,  the new platform… Read More

August 13, 2018 @ 10:22 pm By JD Alois  |  

Singapore based Funding Societies, a leading peer-to-peer (P2P) lending platform in Southeast Asia, has topped S$ 200 million mark in total crowdfunded SME loans. Funding Societies notes that this accomplishment arrives just 6 months after crossing S$ 100 million in January of this year. The… Read More

August 13, 2018 @ 2:42 pm By Samantha Hurst  |  

Singapore-based multi-currency wallet and blockchain solutions provider Ethos announced last week it has integrated with digital bitcoin and other blockchain tokens marketplace, Shapeshift. The integration news comes less than six months after Shapeshift secured $10.4 million through its Series A funding round, which was led by… Read More

August 13, 2018 @ 11:00 am By Cali Haan  |  

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

August 13, 2018 @ 9:53 am By JD Alois  |  

Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, perhaps he is less so after following afoul of a scam apparently hatched in Thailand. In a sordid saga shared by the Bangkok Post, a crypto investor… Read More

August 13, 2018 @ 9:25 am By Samantha Hurst  |  

Asian cryptocurrency exchange KuCoin recently announced the launch of its new institutional investor program. According to KuCoin, the program was created in order to encourage institutional investors on its platform participate more actively in trading activities. The exchange describes institutional investors as those that participate in… Read More

August 12, 2018 @ 2:25 pm By JD Alois  |  

  Enecuum, a blockchain platform with a capability of mobile mining, and iCapital based in Israel, have established a long term cooperation agreement, according to the firms. Hong Kong based Enecuum explains on their site: “Every smartphone on the network will participate in the publication… Read More

August 11, 2018 @ 4:24 pm By Xu Gao  |  

China Issues its First Blockchain-based Electronic Invoice in Shenzhen This week, a restaurant in Shenzhen issued a blockchain-based electronic invoice, making it the first case in China. This invoice innovation is led by Shenzhen Municipal Taxation Bureau, technically supported by Tencent, and approved by the… Read More

August 11, 2018 @ 11:16 am By JD Alois  |  

Ning Tang, founder and CEO of CreditEase – a huge Chinese Fintech that started as just a peer to peer lending platform, recently spoke to Bloomberg in Asia. CreditEase is also the majority shareholder of US listed online lender Yirendai (NYSE:YRD) Tang provided an interesting… Read More