Asia

February 1, 2018 @ 1:25 am By JD Alois  |  

The IOTA Foundation has announced a partnership with Taipei City designed to help the Asian capital meet its smart city needs. “We are so excited about teaming up with Taipei City,” said David Sønstebø, Co-Founder of the IOTA Foundation. “It proves that our next-generation technology is… Read More

February 1, 2018 @ 1:06 am By JD Alois  |  

Crowd Genie Financial Services Pte Ltd, regulated by the Monetary Authority of Singapore (MAS), has announced an initial coin offering (ICO) via their related entity CGSPV Pte. Ltd. The peer to peer lender states that it intends on issuing 60 million Crowd Genie Coins, or… Read More

January 31, 2018 @ 3:46 pm By Samantha Hurst  |  

Checkbox, an Australia-based fintech platform, was named Best in Show following a live pitch competition at this year’s Next Money Fintech Finals. The competition was part of the 2018 StartmeupHK Festival in Hong Kong. According to the competition’s organizers, a total of 22 startups from around… Read More

January 29, 2018 @ 11:11 am By JD Alois  |  

The SelfKey token Airdop has pushed pause as some users have expressed concern over the private key usage in the SelfKey wallet. SelfKey announced they were pausing the Airdrop in order to address this community concern. SelfKey is a Blockchain based digital identity system that allows… Read More

January 29, 2018 @ 10:15 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, announced on Monday the launch of its new nationwide Investor Education Seminar to introduce current and prospective investors to its business and educate them on its risk management systems, development strategy and insurance policies among other… Read More

January 28, 2018 @ 10:51 pm By JD Alois  |  

The National Internet Finance Association of China has issued another cautionary note on trading in cryptocurrencies. This one is related to individuals who attempt to skirt the ban by trading on overseas platforms or by utilizing other surreptitious methods. Before the ban, Chinese trading in… Read More

January 28, 2018 @ 8:49 am By JD Alois  |  

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors. At current exchange rates, this means Coincheck will need to pay out over USD $523 million to the estimated 260,000 impacted users. At the time… Read More

January 27, 2018 @ 3:22 pm By Xu Gao  |  

P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More

January 27, 2018 @ 7:39 am By JD Alois  |  

Numerous reports are indicating leading cryptocurrency exchange Coincheck has experienced a serious security breach. Estimates indicate that over $530 million in digital currency may have been stolen or about 58 billion yen of the virtual currency. Coincheck, based in Tokyo, has reported the “illegal outflow… Read More

January 26, 2018 @ 1:18 pm By JD Alois  |  

BnkToTheFuture, an online investment platform based in Hong Kong, has announced a partnership with Polymath to improve liquidity for investors. Polymath is a launch pad for issuers to easily list security tokens by connecting them with developers, legal delegates, and KYC/AML verifiers. The new partnership is… Read More

January 25, 2018 @ 9:02 am By Samantha Hurst  |  

Singapore-based fintech platform tryb Group announced on Thursday it secured a $30 million investment by Makara Innovation Fund, a $717 million private equity fund that invests in IP-driven small- to mid- companies with the aim of scaling, internationalizing and creating enterprise value. Founded in 2016, tryb describes… Read More

January 25, 2018 @ 12:36 am By JD Alois  |  

SelfKey, a blockchain-based digital identity firm, has obtained a Mauritius’ Regulatory Sandbox License (RSL), according to information provided by the company. This license will allow SelfKey to develop their self-sovereign digital identity wallet and financial services marketplace under supervision and scrutiny of the Board of… Read More

January 24, 2018 @ 12:22 pm By JD Alois  |  

Bitcoin Receives Average C+ Grade (Fair). Ethereum Does Better with B Rating (Good). Weiss Ratings has released their first-ever grades on cryptocurrencies by a financial rating agency, The ratings took place despite a reported massive Korean cyberattack on its website. (While not clarified, we assume… Read More

January 24, 2018 @ 10:36 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Tuesday it secured $70 million during its Series D funding round, which was led by ORIX Asia Capital with participation from CLSA, the overseas platform of CITIC Securities. While sharing details about the latest investment, Soul Htite, Founder and… Read More

January 24, 2018 @ 8:54 am By JD Alois  |  

Swiss Federal Councillor Ueli Maurer and Carrie Lam, Chief Executive of Hong Kong SAR, had a meeting in Bern, Switzerland this week to discuss bilateral cooperation regarding financial markets – including the development of Fintech. The outcome of the meeting was the signing of several… Read More

January 23, 2018 @ 11:06 am By Erin Hobey  |  

Waves Lab, a Moscow-based incubator for new projects on the Waves platform, has announced a total budget of 1 million WAVES for future participants, as the first tranche of entrants launch their applications. The commitment, reportedly worth approximately $9 million after the recent cryptocurrency sell-off… Read More

January 23, 2018 @ 10:51 am By Samantha Hurst  |  

China-based fintech Yirendai announced on Tuesday it has connected to the Internet Finance Industry Credit Information Sharing Platform, which was established by the National Internet Finance Association of China (NIFA). Yirendai has also been selected by NIFA to participate in a pilot project to enable automatic queries and… Read More

January 22, 2018 @ 11:09 pm By JD Alois  |  

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

January 22, 2018 @ 10:38 am By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday details of its UK Fintech Awards 2018, which is organized in conjunction with the UK’s Department for International Trade. According to InvestHK, the Awards are open for submissions from January 22nd (today) and will close on February 23rd…. Read More

January 21, 2018 @ 1:35 pm By JD Alois  |  

Malaysia has not only been forward thinking when it comes to Fintech but it has also pursued a path of corporate diversity. Last April, public officials updated the Malaysia Code on Corporate Governence (MCCG) to require gender diversity policy along with targets and specific corporate… Read More