Asia

June 17, 2018 @ 2:05 pm By JD Alois  |  

In April of this year, the Reserve Bank of India (RBI) commented on the status of cryptocurrencies. The RBI stated “we have decided to ring fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to… Read More

June 16, 2018 @ 11:08 am By Xu Gao  |  

Tiger Brokers and Nasdaq Reach Strategic Cooperation on US Stock Data Solutions On June 14th, Tiger Brokers and Nasdaq announced a strategic cooperation to jointly provide Chinese Fintech platforms access to the US stock market data. According to the agreement, Tiger Brokers will become the… Read More

June 15, 2018 @ 5:08 pm By JD Alois  |  

Republic Protocol shared last week that it would now allow third-party developers to build and operate their own independent decentralized dark pools for the trading of cryptocurrencies on their platform. The Singapore based company says it will “operate like an open source entreprise” where others… Read More

June 14, 2018 @ 9:00 pm By Samantha Hurst  |  

Ping An Fin+Tech Accelerator, a program created by Ping An Group and SparkLabs Group under Futian District government’s support, hastened its opening ceremony on Thursday. According to the organizers, this new accelerator is dedicated to providing innovative transformation of modern finance by nurturing global advanced… Read More

June 14, 2018 @ 5:39 pm By JD Alois  |  

Lendingblock has partnered with Octagon Strategy Limited a global digital asset brokerage firm. The collaboration is described as Octagon Strategy joining Lendingblock Institutional Advisory Group to trial and launch the platform’s real-time exchange for fully collateralized, cross-chain borrowing and lending of cryptocurrency assets. This is… Read More

June 13, 2018 @ 9:56 am By Cali Haan  |  

Police in Japan have charged three individuals with infecting the computers of unsuspecting individuals with malware that mines the privacy cryptocurrency Monero. According to the Japanese daily news provider Mainichi, the three individuals are accused of setting up web sites designed to attract and then surreptitiously… Read More

June 11, 2018 @ 7:48 am By Samantha Hurst  |  

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

June 11, 2018 @ 7:48 am By JD Alois  |  

The Decentralized Accessible Content Chain (DACC) project is reporting that it has received solid backing from both institutional and individual investors for its private token sale, which was said to be oversubscribed within a matter of hours. The private sale was scheduled to run from… Read More

June 11, 2018 @ 7:19 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD), a fintech company that’s based in China, announced on Monday its board of directors has approved a share repurchase program whereby Yirendai is authorized to repurchase its ordinary shares in the form of American depositary shares with an initial aggregate value of up to $20 million. While sharing more details about the… Read More

June 9, 2018 @ 8:07 am By Xu Gao  |  

NIFA Releases China’s First National Fintech Identity Verification Platform Early this week, the National Internet Finance Association of China (NIFA) released China’s first Fintech identity verification platform. This was a response to the requirements of various Fintech industry practitioners and regulatory authorities. In the future,… Read More

June 8, 2018 @ 8:19 pm By Samantha Hurst  |  

Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Friday it secured approximately $14 billion through its Series C Equity Funding round, which includes an RMB tranche raised by the company from domestic investors and a USD tranche raised by Ant international Co., Limited, a wholly… Read More

June 8, 2018 @ 3:02 pm By Cali Haan  |  

“The millionaire is changing,” says glamorous London art dealer and Georgian noblewoman Eleesa Dadiani, and that millionaire needs a novel way to invest in art. Even the sub-millionaire can get involved now that Dadiani’s London Gallery has partnered with ‘decentralized’ gallery Maecenas Fine Art. Together… Read More

June 8, 2018 @ 8:45 am By JD Alois  |  

SuperCharger FinTech Accelerator, along with their leading partner Standard Chartered, has shared their success of their program. Through the most recent 12-week session, the SuperCharger cohort companies have achieved 47 commercial deals and raised US$ 14.4 million while receiving 17 awards. This year’s program is… Read More

June 8, 2018 @ 8:11 am By JD Alois  |  

Huobi Group, a fast growing digital asset solutions provider, is now accepting listing submissions from European and Australian blockchain companies on the Huobi Autonomous Digital Asset Exchange (HADAX). On HADAX, teams may self-submit an application online to list their project for community voting. Following an… Read More

June 7, 2018 @ 6:59 pm By Cali Haan  |  

In a gesture that may show poor understanding of crypto generally, the Vietnamese Ministry of Finance has proposed a temporary ban on imports of crypto mining equipment to the country. According to the Hanoi Times, the Ministry gave two reasons for the proposal. First, “The act… Read More

June 7, 2018 @ 9:07 am By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More

June 6, 2018 @ 3:16 pm By Cali Haan  |  

The Vice President and General Manager of Coinbase, America’s largest cryptocurrency exchange, announced June 4th that the company is expanding physical operations to Japan. “Our new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products,” writes Dan Romero…. Read More

June 6, 2018 @ 9:00 am By JD Alois  |  

Huobi Group , a crypto exchange and digital asset solution platform, has launched the Huobi Chain Project (HCP) and the Huobi Chain Superhero Championship Program (HCSCP).  The  new initiatives have been backed with 20 million Huobi Tokens (HT), which is about $100 million dollars at the… Read More

June 5, 2018 @ 10:55 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at University of Cambridge Judge Business School, Asian Development Bank Institute and Academy of Internet Finance, Zhejiang University are collaborating on the Third Asia-Pacific Region Alternative Finance Industry Survey. The research will cover all forms of alternative finance… Read More

June 5, 2018 @ 10:31 pm By Cali Haan  |  

According to China News Weekly, Xiao Wei, Chief Blockchain Scientist at Baidu, China’s Internet search giant, announced this weekend at a conference that Baidu has developed a high-performance “super chain” blockchain and will soon be, “completing a blockchain transformation of its own business.” The news follows… Read More