Asia

June 29, 2018 @ 1:36 pm By Samantha Hurst  |  

Ping An Fin+Tech Accelerator, powered by SparkLabs, announced on Friday the launch of its first batch. According to the accelerator, 10 companies were selected out of more than 120 applicants from around the world with applicants ranging from seed stage to Series B companies. Ping… Read More

June 29, 2018 @ 10:13 am By Samantha Hurst  |  

tZERO announced on Friday it is signing a letter of intent with Hong Kong-based private equity firm GSR Capital to participate in tZERO’s Security Token Offering (STO). According to tZERO, in accordance with the letter of intent, GSR Capital will purchase $160 million in tZERO… Read More

June 28, 2018 @ 8:15 am By Samantha Hurst  |  

LATTICE80 announced on Thursday it has teamed up with fintech accelerator SuperCharger to establish a bridge between the Fintech ecosystems in Singapore and Hong Kong. According to LATTICE80, The partnership will allow Fintech startups in both the markets to benefit from a shared network for expansion and… Read More

June 27, 2018 @ 7:40 am By Samantha Hurst  |  

Prudential Hong Kong Limited announced on Tuesday the launch of two insurtech innovations, Hospital to Prudential and Chatbot Claims, which will help redefine the way consumers and medical professionals manage hospital claims in Hong Kong. According to Prudential, the Hospital to Prudential portal provides customers with… Read More

June 27, 2018 @ 4:19 am By Cali Haan  |  

The Chinese crypto and blockchain news site 8BTC is reporting that Ebang company, manufacturers of the E9 bitcoin miner, has submitted a prospectus to the Hong Kong Stock Exchange seeking to have the company listed there in a $1 billion dollar IPO (Initial Public Offering)…. Read More

June 26, 2018 @ 3:33 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM, following the successful completion of a public consultation on the introduction of… Read More

June 25, 2018 @ 3:04 pm By Cali Haan  |  

Ant Financial, a payments leg that services Chinese e-commerce titan Alibaba, is trialing a blockchain-based remittance channel connecting Hong Kong to the Philippines, Coindesk reports. Ant Financial made the announcement today in Hong Kong. According to a roughly-translated press release, the new system will transmit… Read More

June 25, 2018 @ 9:31 am By Samantha Hurst  |  

AlipayHK and GCash today announced on Monday the launch of a cross-border remittance service through their e-wallet platforms. The new service is reportedly powered by cutting-edge blockchain technology developed by Alipay, an online payment platform that’s operated by Ant Financial Services Group. Both companies claimed that… Read More

June 22, 2018 @ 12:00 pm By Samantha Hurst  |  

On Thursday, Asian fintech MatchMove announced it has enabled the first contactless prepaid Mastercard in South Asia. According to MatchMove, the new card is being issued by India’s Federal Bank, is distributed under the brand name tmw by The MobileWallet Pvt. Ltd, India’s first complete payment solution,… Read More

June 21, 2018 @ 10:14 am By Samantha Hurst  |  

LATTICE80 announced on Wednesday it is launching an Initial Coin Offering (ICO) platform for startups within the KAYA Network. The company reported it built KAYA Network as a global network of more than 11,000 fintech and blockchain startups in over 100 cities. According to LATTICE80, the… Read More

June 21, 2018 @ 4:42 am By Erin Hobey  |  

Kenetic Capital, a blockchain investment and tech firm, and Decentraland, an Ethereum-based virtual reality platform powered by blockchain, has put NIFTY, a three-day conference and hackathon for international developers, investors, and entrepreneurs to discuss the future of non-fungible tokens (NFTs), collectibles, and blockchain gaming, on… Read More

June 20, 2018 @ 12:54 pm By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has launched installment financing on its e-commerce platforms. This news comes just a couple of weeks after PINTEC secured $103 million through its latest financing round, which as led by Mandra Capital and SINA Corp…. Read More

June 20, 2018 @ 8:50 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More

June 20, 2018 @ 7:52 am By Cali Haan  |  

Yet another computer-savant smart enough to have allegedly managed a vast Dark Web marketplace yet not quite smart enough to avoid countries with extradition treaties with the US is on his way there to face charges of conspiracy to traffic drugs and launder money. According… Read More

June 19, 2018 @ 2:56 pm By JD Alois  |  

Zilliqa, a company that has created a scalable blockchain designed to be used at the enterprise level, has announced the creation of a new grant program for developers building applications on their platform. The “Zilliqa Ecosystem Grant Programme” is now providing $5 million to teams and… Read More

June 19, 2018 @ 9:31 am By Cali Haan  |  

The Kerala Development and Innovation Strategic Council (K-DISC), an advisory board tasked with finding technological ways to enhance the economy in the southwestern coastal Indian state Karala, has undertaken two blockchain initiatives to streamline operation in food distribution and farm insurance, Business Standard reports. The… Read More

June 19, 2018 @ 8:24 am By Cali Haan  |  

As part of its dedicated efforts to become ecologically and economically self-sustaining, a Japanese village called Nishiawakura is considering raising funds by ICO (initial coin offering) to replace revenue from government development grants that expire in 2020. The forested village, which sits in the mountainous… Read More

June 19, 2018 @ 8:18 am By Samantha Hurst  |  

Chinese fintech Yirendai announced on Tuesday global investment banking group Goldman Sachs has provided it with RMB 324 million of funding for a term of three years. While sharing details about the investment,  Dennis Cong, Chief Financial Officer of Yirendai, stated: “We are very excited to see the… Read More

June 19, 2018 @ 3:41 am By Erin Hobey  |  

Sentinel Protocol, a crowdsourced threat intelligence platform built on the blockchain, has not only signed a partnership with Bibox Exchange but announced a $27M funding windfall. Bibox has agreed to deploy Sentinel Protocol platform to protect its users but list Sentinel Protocol’s UPP token. “Exchanges are… Read More

June 18, 2018 @ 1:35 pm By Samantha Hurst  |  

Viva Republica, Korea’s foremost fintech startup and creator of financial services app Toss, announced on Monday it has secured $40 million during its latest funding round, which was led by GIC and Sequoia China, bringing its total amount of funding raised to $116 million. Founded in 2011, Viva Republica stated that Toss “completely… Read More