Asia

Chinese Crypto-mining Hardware Companies May Be Hit Hard By US Tariffs

New tariffs in the US that raise taxes on imports of crypto-mining machines from 2.6% to 27.6% may significantly impact revenues at Chinese companies like Bitmain, South China Morning News (SCMP) reports. The tariffs have come into place after American trade overseers in August reclassified, for… Read More

Ping An Announces Full Upgrading of Ping An Cloud; Now Offers Services to External Customers & Sets Up Strategic Partnership with GitHub

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

Maldives Monetary Authority: Crypto Not Legal Tender, Permission Not Granted

The Maldives Monetary Authority (MMA) has, “caution(ed) the general public on the use of crypto currency and other virtual currencies,” in the small archipelago nation lying southwest of Sri Lanka in the Indian Ocean, though the overall status of cryptocurrencies there remains grey. The press release… Read More

GTR Ventures Portfolio Companies, TFM and Incomlend, Partner on Blockchain to Reduce Finance Fraud

Two GTR Ventures portfolio companies have joined to create a blockchain application designed to eliminate invoice financing fraud. The two Fintechs, global invoice discounting platform Incomlend, has adopted Invoice Check – a blockchain application developed by Trade Finance Market (TFM). The companies state that invoice… Read More

Ping An to Focus on Five Key Technologies: AI, Blockchain, Cloud, Big Data & Security

Ping An Insurance Group held an investor day in Shenzen this week. Ping An is one of the largest financial companies in the world. The firm boasts 179 million customers along with 485 million internet users. The company trades on both the Hong Kong and… Read More

Korea: Report from Wadiz Indicates Growing Investment Crowdfunding Market

Wadiz, the largest crowdfunding platform in South Korea, has shared a recent report on equity crowdfunding that indicates a growing marketplace. Online capital formation was first legalized in Korea in January 2016 by legislation that created amendments to the Capital Markets Act. Presently, there are… Read More

Hong Kong Securities Regulator Seeking Balanced Crypto Rules Says Chief

Properly regulating the cryptocurrency sector is a complex affair, says outgoing Hong Kong Securities and Futures Commission (SFC) chairperson Carlson Tong, but a complete ban is futile: “We do not think imposing a total ban on these platforms is necessarily the right approach, and it will… Read More

Hong Kong is Rocking Fintech

Later this month, Hong Kong will host their annual Fintech Week. This year’s event is being billed as the “world’s first” cross-border Fintech event. The multi-faceted conference will straddle Honk Kong and Shenzen – the relatively new metropolis that links Hong Kong to China’s mainland. Macao… Read More

China: WeiyangX Fintech Review

Alibaba Submits Blockchain Patent Applications that Allow “administrative intervention” On October 6th, Chinese e-commerce giant Alibaba applied for a blockchain system patent, allowing third-party administrators to perform “special treatment” (e.g. suspend a smart contract or freeze an account associated with an illegal activity). For example,… Read More

Crypto Entrepreneurs Mount China’s Rich List

Fourteen cryptocurrency million- and billionaires have made their way onto a list of China’s richest individuals for the first time, says Bitcoin.com. Perhaps predictably, at the very top of “The 2018 Lexus Lexus Huron Rich List,” in spots one to three, appear the entrepreneurs behind… Read More

South Korean Government Reps Reaffirm Anti-ICO Stance

South Korean Finance Minister, Yong-Joo Park told auditors from the Finance Committee of the Yeouido National Assembly in Seoul this morning that ICOs (initial coin offerings) pose undue risks to investors and should not be equated with blockchain, Yonhap News reports. “The government does not… Read More

Hacked Japanese Crypto Exchange Zaif Acquired, Says it Will Compensate Users Though No Date Set

Japanese cryptocurrency exchange Zaif has announced that its acquisition by “investment support services” firm FISCO has been finalized and says it will compensate users affected by a $60 million dollar hack that occurred September 14th: “On 10 October, the Company concluded the business of our virtual currency… Read More

Monetary Authority of Singapore Signs Fintech MOU with Indonesia

The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, or “Otoritas Jasa Keuangan” (OJK), have signed a memorandum of understanding (MOU) to boost Fintech cooperation and foster innovation in financial services between the two countries. The MOU is… Read More

Full Streamr Ahead: Daisy AI & CRYPTICS Added to Global Network

Streamr, an open-source, real-time data platform just selected as one of PwC’s Crypto Valley’s Top 50 Projects, continues to expand its network with a new partnership with Japan-based Daisy AI, an AI platform focused on using blockchain for deep learning. Daisy AI will use Streamr… Read More

Princeton Researchers: Chinese Mining Concentration a Genuine Threat to Bitcoin Network Security

Five of the world’s six largest Bitcoin mining firms operate under Chinese jurisdiction, a fact that, among other factors, could seriously compromise the security of the network, researchers at Princeton claim in a new report. The report, “The Looming Threat of China: An Analysis of… Read More

Asian Cryptocurrency Liquidity Provider Tilde Forms New Partnership With TradAir

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Tilde, a Singapore-based cryptocurrency liquidy provider, announced this week it has formed a partnership with institutional FX and cryptocurrency trading platform TradAir to launch new electronic cryptocurrency trades among institutional investors in Asia. Founded in 2018, Tilde states it provides over-the-counter (OTC) trading services to family… Read More

Pundi X Announces Blockchain-Powered Phone

Pundi X (CURRENCY: NPXS), an Indonesia-based global developer of blockchain-powered devices,  announced on Wednesday the creation of its new blockchain-based OS and communication protocol for mobile devices, allowing users to make calls, send messages and transmit data via a fully decentralized blockchain network. Pundi X reported… Read More

Dragonfly Capital Announces $100 Million Crypto Fund

Dragonfly Capital Partners has launched a new $100 million crypto fund. The team at Dragonfly is led by Alexander Pack, formerly with Bain Capital Ventures, a partner at AngelList, and a general partner investor in Polychain Capital. Pack is joined by Bo Feng, a VC… Read More

Kakao’s Ground X Announces New Blockchain Platform “Klaytn”

Ground X, the blockchain subsidiary of the leading South Korean mobile platform, Kakao, announced on Monday the launch of its new blockchain platform, Klaytn. According to Ground X, the platform seeks to improve the inconvenient UX of existing blockchain platforms by allowing average end-users to… Read More

China Rapid Finance Announces Regulatory Report & Board Change

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced last week that it submitted its P2P Compliance Self-Inspection Report to its local P2P regulatory office. According to the online lender, this new report is considered the first of three steps mandated in the… Read More

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