Asia

April 30, 2018 @ 12:06 pm By JD Alois  |  

According to a report in Xinhua, eight people were arrested in Shanghai for an astounding Ponzi scheme that rivals the Ezubao fraud and the Madoff scandal. Allegedly, more than 60 billion yuan ( or US $9 billion) was stolen from investors by Shanlin Finance a peer… Read More

April 30, 2018 @ 9:05 am By JD Alois  |  

Stating that Cynopsis Solutions is already the largest provider of KYC services to blockchain and cryptocurrency based projects in Asia Pacific, the company has launched an initial coin offering (ICO) program via a subsidiary called traceto.io. This new entity seeks to expand its decentralized platform… Read More

April 29, 2018 @ 12:00 pm By Cali Haan  |  

#MeToo activists at Peking University have attempted to permanently log accusations of on-campus harassment on the Ethereum public blockchain, Quartz  reports. This story begins this year on April 5th, China’s national day for honouring the dead. Inspired by recent #MeToo activism in China, including numerous reports… Read More

April 28, 2018 @ 1:44 pm By Samantha Hurst  |  

CoAssets Limited (ASX: CA8), an online crowdfunding platform based in Singapore, announced it has entered into a conditional Sale and Purchase Agreement (SPA) to sell the 21.6% interest that it currently owns in Fintech Pte Ltd (FPL) as well as a further 5.4% interest to be acquired… Read More

April 28, 2018 @ 10:45 am By Xu Gao  |  

Financial Inclusion Platform FINUP Plans Public Listing in Hong Kong On April 23, China’s leading financial inclusion platform FINUP filed a listing application for the Hong Kong Exchanges and Clearing Limited (HKEX). According to statistics, FINUP will be the fifth Fintech company from mainland China… Read More

April 26, 2018 @ 9:57 am By JD Alois  |  

The Financial Services Authority (FSA) in Japan has hit another cryptocurrency exchange with an enforcement action. According to the FSA’s site, “Everyone’s Bitcoin” has received an “administrative punishment” for not abiding by compliance rules for cryptocurrency exchanges. The FSA states that due to reports from… Read More

April 25, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV) have agreed to form a new partnership to encourage Fintech innovation while simultaneously strengthening cooperation in banking supervision. MAS has signed numerous bilateral Fintech agreements with many different jurisdictions. The strategy has… Read More

April 25, 2018 @ 8:50 am By Cali Haan  |  

Reporter Jang Hyeong-tae at Chosen Ilbo shared yesterday that a number of politicians running in Korean regional elections are promising to incorporate blockchain into governance if elected. At least twelve have proposed new cryptocurrencies, said Jang. Korean regional elections are set for June 13th. The Mayor… Read More

April 25, 2018 @ 7:53 am By JD Alois  |  

You would think it would be easy enough to create a new and interesting name in the cryptocurrency space but here is a case where one cryptocurrency entrepreneur is being challenged by an established business for a possible misconceived use of an established business name…. Read More

April 24, 2018 @ 11:43 am By Erin Hobey  |  

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

April 22, 2018 @ 2:41 pm By JD Alois  |  

This past week the Monetary Authority of Macau issued a warning that virtual currency is not legal currency. Stating that “recently, the media reported that companies had virtual currency subscription activities in Macau. The Macau Monetary Authority reminded local residents that virtual currency is a… Read More

April 21, 2018 @ 2:45 pm By Xu Gao  |  

Ant Financial and Bank of China Collaborate on Blockchain-based House Leasing Project in Xiong’an New Area On April 20th, Ant’s Xiong’an Digital Technology Co., Ltd. and the Xiong’an branch of Bank of China, signed a strategic cooperation agreement in Xiong’an New Area. In the future,… Read More

April 20, 2018 @ 9:22 am By Samantha Hurst  |  

Blockchain asset private bank BitUN announced on Friday it has formed a partnership with Ping An Blockchain Research Institute to promote the development of the blockchain market. The duo reported that they have joined forces to conduct research in blockchain market analysis, project rating, blockchain innovative… Read More

April 19, 2018 @ 11:08 pm By JD Alois  |  

Bithumb recently had its audit report published in the Korean Financial Supervisory Services disclosure system and the information provided is enlightening. Bithumb was said to be holding just shy of $6 billion in crypto at the end of 2017. Sure, prices have fluctuated since that… Read More

April 19, 2018 @ 10:16 pm By Samantha Hurst  |  

Digital Financial Services Lab (DFS Lab), a fintech accelerator funded by the Bill and Melinda Gates Foundation,  announced on Thursday it will invest $200,000 in four separate startups that are building financial service products for low-income and unbanked consumers in developing markets. Cherehani Africa (Kenya), NALA (US), Nobuntu (South… Read More

April 19, 2018 @ 12:00 pm By Samantha Hurst  |  

The Hong Kong Polytechnic University (PolyU), announced on Thursday it has teamed up with AMTD Group Company and AMTD Foundation to launch a new university-industry collaborated fintech center. According to PolyU, the AMTD Fintech Center of PolyU Faculty of Business aims to enhance Hong Kong’s capabilities to… Read More

April 19, 2018 @ 8:38 am By JD Alois  |  

  Taiwan Semiconductor Manufacturing Company (TSMC) is one of the largest chip manufacturers in the world. This week, TSMC reported quarterly results providing insight into the health of its operations. The company produces silicon for companies like Apple and other computer and mobile manufcgturers. For… Read More

April 19, 2018 @ 8:28 am By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Thursday it is planning to invest a total of ¥1 billion in partner cooperations over the next three years in order to better save its customers and expand its credit services. According to LexinFintech, Jay Wenjie Xiao, the company’s… Read More

April 18, 2018 @ 8:30 pm By JD Alois  |  

The Singapore Fintech Association (SFA) has announced the creation of a Marketplace Lending committee and website. This is in response to the rapid growth in the sector, according to the SFA. The subcommittee will be dedicated to ensuring the local online lending industry is a trusted,… Read More

April 18, 2018 @ 8:27 pm By JD Alois  |  

The crypto firm Basis, formerly known as Basecoin, has raised $133 million in a private placement from big money, according to the company. The private placement received the backing of Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, a16z, Wing VC, NFX Ventures,… Read More