Asia

China: WeiyangX Fintech Review

Shanghai Information Security Evaluation and Certification Center is Working on the Establishment of Blockchain Technical Security Standards According to a report called “Safety issues under the rapid development of the “blockchain +” industry”, blockchain security problems in 2018 have caused $2 billion in asset losses… Read More

CoAssets Stirling Fort Absolute Return Fund Receives USD $25 Million from BMFA Group

CoAssets Limited (ASX: CA8), a Singapore based Fintech that focuses on providing funding solutions for small to medium‐sized enterprises (SMEs), has announced that their CoAssets Stirling Fort Absolute Return Fund Pte. Ltd (CASFAR) has entered into an agreement with BMFA Group to invest USD $35… Read More

Japan Crypto Exchange Zaif Hacked for $60 Million

A licensed crypto exchange in Japan has been hacked for an estimated 6.7 billion yen ($60 million USD), two-thirds of which belonged to customers, Nikkei Asian Review reports. The exchange, Zaif, which is licensed in Japan, reportedly did not discover the hack for three days. Three… Read More

Singapore Tightens Financial Cooperation with China

According to a release from the Monetary Authority of Singapore, China and Singapore have “achieved new milestones in financial cooperation.” During the 14th Joint Council for Bilateral Cooperation (JCBC), co-chaired by Singapore Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean,… Read More

Plug and Play Singapore Announce First Batch of Startups Selected For Fintech & Insurtech Program

Plug and Play announced earlier this week the first batch of startups selected for its multi-corporate Fintech and Insurtech program in Singapore. The accelerator reported it screened over more than applicants for the program. While sharing more details, Kayvon Deldar, Program Head of Plug and Play… Read More

X Financial on IPO: We Have Built One of the Strongest Fintech Businesses in China

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

Indian Fintech Bon Raises $1.1 Million to Bring Financial Services to the Gig-Economy

Bon, an India based Fintech that is providing credit to workers in the gig economy, has raised $1.1 million in seed funding led by Omidyar Network. Other funders in this round include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate. Bon provides financial services to workers,… Read More

Kidnappers in South African Case May Have Demanded Bitcoin Ransom

A South African businessperson kidnapped two months ago was returned safely to his family this week amid rumours that captors demanded a ransom of 50 Bitcoins for his release. According to The South African, Liyaqat Parker, 65, was kidnapped from the parking garage under his workplace… Read More

China: Fintech / Peer to Peer Lender X Financial Trades on NYSE

Chinese peer to peer lending platform X Financial (NYSE: XYF) completed its initial public offering (IPO) today trading shares on the New York Stock Exchange. Deutsche Bank Securities Inc. and Morgan Stanley & Co. were joint book runners on the IPO. The IPO saw the Class… Read More

Crypto Asset Exchange CoinBene Partners with the McAfee Alliance

CoinBene, a cryptocurrency asset exchange, has formed a partnership with the McAfee Alliance, founded by John McAfee, to “promote transparency, corporate responsibility, and self-regulation in the cryptocurrency markets.” The McAfee Alliance seeks to “unite the cryptoverse, promote transparency and fairness, to  combat perceived corruption of… Read More

Monetary Authority of Singapore Warns Public of Bogus Bitcoin Investing Sites some Claiming Support of MAS Chairman

The Monetary Authority of Singapore (MAS) has issued a public warning on bogus websites that are soliciting investments in Bitcoin. At least two of these sites is using “fabricated comments” attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. MAS says the statements attributed to… Read More

Tokenomy Exchange Launches with Trading in Four Digital Currencies & 53 Trading Pairs

Singapore based Tokenomy has announced the full launch of Tokenomy Exchange, a cryptocurrency token exchange that is described as addressing the “:challenges associated with launching an ICO.” Tokenomy Exchange now provides a trading platform for four digital currencies; BTC, ETH, USDT and its own TEN Token,… Read More

World’s Largest: OurCrowd Still on Track to Top USD $1 Billion in Investment Crowdfunding

In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the… Read More

People’s Bank Admits It Was Behind Spate of Recent Anti-Crypto Measures in China

The People’s Bank of China admitted today that it is responsible for coordinating and initiating a spate of recent measures designed to quash cryptocurrency and ICO (initial coin offering) activity China. The bank says its National Internet Financial Risk Special Remediation Leading Group has been orchestrating… Read More

Assets of Deceased Alpha Bay Dark Net Market Founder Forfeited in California Court

All the known assets of Alexandre Cazes, a 34-year-old Quebcois accused of running the AlphaBay Marketplace, were forfeited in a default judgement by the US government in a California courtroom September 6th after no one appeared to contest the forfeiture, court documents indicate. The assets,… Read More

Crypto Mining Malware Found on Hundreds of Indian Government Computers, IoT is Next

Security researchers in India have found malware that secretly mines cryptocurrencies on hundreds of local government computers, Economic Times reports. Sites for the Municipal Administration in Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality are among those affected. “CryptoJacking” attacks inject cryptocurrency mining malware (malevolent… Read More

E-Commerce Platform KinerjaPay Launches P2P Lending Platform “KFUND”

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

OurCrowd Labs/02 Portfolio Company ITsMine Named Top 10 Cybersecurity Startup

ITsMine, a cybersecurity company has been named one of the top 10  most innovative cybersecurity startups at China’s 2018 ISC Conference. ITsMine is a part of the  OurCrowd Labs/02, seed stage incubator portfolio, which focuses on cutting-edge tech in areas including AI, deep learning, autonomous transportation… Read More

China: WeiyangX Fintech Review

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

Digital Asset Management Firm HyperChain Capital Adds Professional Proof of Stake Service

Singapore based HyperChain Capital, a digital assets management platform, has launched HyperBlocks Pro, described as a “professional proof of stake service.” The PoS service is said to be the first in the world backed by a major blockchain firm. HyperChain believes that more blockchain companies… Read More

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