Asia

January 12, 2018 @ 9:05 am By JD Alois  |  

Republic Protocol has announced a Blockchain based “Dark Pool” for cryptocurrency trading. Noting that 15% of all Wall Street trades on are not widely available to the public, Republic Protocol wants to provide a solution. In the US, dark pool trading, while sounding ominous, has… Read More

January 11, 2018 @ 1:00 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government,… Read More

January 10, 2018 @ 11:48 pm By JD Alois  |  

South Korea has been back and forth on the future of cryptocurrency and its exchanges for some time now. Today, apparently things have taken a turn for the worse as reports indicate that South Korea will ban all cryptocurrencies and prominent exchanges have been raided… Read More

January 9, 2018 @ 7:01 pm By Erin Hobey  |  

Goji, the UK-based specialist direct lending investment manager and platform, secured an undisclosed multi-million pound funding round from investors including Anthemis’ Venture Fund 1 (AVF1) and AXA Strategic Ventures (ASV). “Confidence in direct lending as an asset class is picking up pace and the investment… Read More

January 9, 2018 @ 4:04 pm By Samantha Hurst  |  

Following China’s decision to restrict micro-loans, Alibaba’s Ant Financial has reportedly halted its consume loan lending. According to Bloomberg, the company has not sold any asset-backed securities since early December, which was around the time that Chinese officials announced they were requiring micro-lenders to consolidate… Read More

January 9, 2018 @ 7:49 am By JD Alois  |  

Securities Commission Malaysia (SC) has issued a cease and desist (C&D) order to CopyCash Foundation. The C&D was in regards to a scheduled initial coin offering (ICO) launching on January 10, 2018. SC issued a warning this week to investors regarding the CopyCashCoin ICO. Company… Read More

January 8, 2018 @ 1:44 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a trading suspension for UBI Blockchain Internet, Ltd. The SEC said they had questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the SEC regarding the company’s business operations. The SEC… Read More

January 8, 2018 @ 11:14 am By JD Alois  |  

InvestHK, part of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support businesses to expand in Hong Kong, has released details of the forthcoming StartmeupHK Festival 2018 scheduled to take place from January 29 to February 2nd…. Read More

January 8, 2018 @ 8:33 am By JD Alois  |  

As we reported this past weekend, the People’s Bank of China (PBOC) is rumored to be discussing a power cut for Bitcoin miners. Now there is a document circulating on the internet that indicates China wants to shut down Bitcoin mining altogether. While the complete… Read More

January 7, 2018 @ 7:00 pm By Pawee Jenweeranon  |  

An initial coin offering (ICO) is an alternative to the traditional models of start-up and other companies to raise capital. In Thailand, the Securities and Exchange Commission (the Thai SEC) recently expressed their view on ICOs indicating they realize the potential of ICOs to satisfy… Read More

January 6, 2018 @ 5:20 pm By Xu Gao  |  

Tencent Wins Third-Party Fund Sales License On January 2, 2018, the Shenzhen Securities Regulatory Bureau issued this year’s first fund sales license to internet giant Tencent Holdings, or more specifically Teng An Information Technology (Shenzhen) Co., Ltd. According to the document, the company was allowed… Read More

January 5, 2018 @ 12:22 pm By JD Alois  |  

The Securities Commission Malaysia (SC) says it has noticed an increase in initial coin offerings (ICOs) and the solicitation of the general public – including senior citizens. The cautionary statement by the SC was apparently cased by the forthcoming CopyCashCoin ICO that is scheduled to… Read More

January 5, 2018 @ 10:39 am By JD Alois  |  

Blockchain based identity firm SelfKey has shared that its Pre-Public Sale hit its cap of $15.84 million four days before the scheduled closing date. The public initial coin offering (ICO), is scheduled to kick off on January 14th at 12AM UTC. If you are are… Read More

January 5, 2018 @ 9:26 am By Samantha Hurst  |  

Future FinTech Group Inc. (NASDAQ: FTFT), a Chinese fintech company and integrated producer of fruit-related products, today announced that it received a 5% equity interest in Nova Realm Limited. Nova Realm is described as a blockchain technology research and development company registered in the UK The company developed… Read More

January 4, 2018 @ 12:55 pm By Erin Hobey  |  

Qtum, a blockchain application platform, has partnered with Baofeng, a Chinese video portal, to help achieve the world’s first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network. With the help of Baofeng, Qtum will run 50,000 full network nodes and reportedly claim the… Read More

January 3, 2018 @ 4:14 pm By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Wednesday its 2017 progress and 2018 goals. CEO and Co-Founder, Prajit Nanu, took to the company’s blog to reveal details about the past twelve… Read More

January 3, 2018 @ 3:44 pm By Samantha Hurst  |  

Earlier this week, CEO of MyCash Online, Mehedi Hassan, announced the Malaysia-based fintech company will be moving its headquarters to Singapore. According to Digital News Asia, Hassan reported that the move is due to the fact that Singapore offers the startup with more opportunities, especially… Read More

January 3, 2018 @ 10:10 am By JD Alois  |  

Ant Financial, part of tech conglomerate Alibaba, announced its intent to purchase MoneyGram (NASDAQ: MGI)  a year ago. The acquisition would have combined MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts with Alibaba’s fast growing global Fintech presence. MoneyGram is currently active in… Read More

January 3, 2018 @ 9:20 am By JD Alois  |  

A report by Yonhap News says the South Korean government will ban all anonymous transactions in cryptocurrencies as soon as January 20th.  According to the article, only real name bank accounts will be allowed for deposits and transactions on exchanges. Simultaneously, new virtual cryptocurrency accounts… Read More

January 2, 2018 @ 10:24 am By Erin Hobey  |  

Crowdo, a South East Asian online marketplace for P2P lending and crowdfunding, posted an infographic citing its 2017 milestones. “2017 has been a great year for Crowdo as we hit several milestones and experienced tremendous growth in our organization where saw our year start off… Read More