Asia

April 7, 2020 @ 10:30 pm By Omar Faridi  |  

Big Four auditing firm Pricewaterhousecoopers (PwC) reports that the majority of global digital asset fundraising and mergers and acquisitions (M&A) deals last year took place outside of the United States for the very first time. As noted in PwC’s report (released on April 6, 2020),… Read More

April 7, 2020 @ 10:22 pm By Omar Faridi  |  

Hong Kong-based Hang Seng Bank, a banking and financial services company, has launched a new chat contact for WhatsApp users based in the city, which is a special administrative region of the People’s Republic of China. The new chat feature aims to provide a direct… Read More

April 7, 2020 @ 10:16 pm By Omar Faridi  |  

A Japanese research group has reportedly developed a blockchain-enabled mechanism to carry out legal tasks through a “digital court” system. As noted in an announcement made on April 6, 2020, Japanese professors Hitoshi Matsushima from the University of Tokyo, and Shunya Noda from the University… Read More

April 7, 2020 @ 8:00 pm By JD Alois  |  

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

April 6, 2020 @ 9:30 pm By Omar Faridi  |  

India-based PayU, a leading payment gateway, has introduced several projects and measures,  in order to assist local vendors, small and medium enterprises (SMEs), and business owners in dealing with the disruption due to the Coronavirus (COVID-19) outbreak. The initiatives launched by PayU will help businesses… Read More

April 6, 2020 @ 4:48 pm By JD Alois  |  

As was reported earlier today, the law firms of Roche Cyrulnik Freedman and Selendy & Gay filed a squadron of class action lawsuits targeting multiple crypto exchanges as well as token issuers. The two firms targeted four exchanges, including Bitmex and Binance as well as… Read More

April 6, 2020 @ 1:32 pm By Xu Gao  |  

Risk Alert against the Hype of Overseas Virtual Currency Exchanges Back in 2017, the People’s Bank of China (PBC), Cyberspace Administration of China and other 5 ministries published the “Notice on Guarding against Risks of ICOs”, stipulating that virtual currency trading and ICOs are illegal… Read More

April 5, 2020 @ 10:55 pm By Omar Faridi  |  

Individuals and organizations are increasingly looking for ways to access services that require minimal or no physical contact, following the deadly Coronavirus (COVID-19) outbreak. Fintech firm PayBy has introduced a fast and secure mobile payment services platform in the United Arab Emirates (UAE). PayBy’s solution… Read More

April 5, 2020 @ 8:01 pm By Omar Faridi  |  

OneConnect Financial Technology, the Fintech division of Ping An Insurance, China’s largest insurance and logistics conglomerate, has partnered with the China Merchants Port Group (CMPort), in order to develop a blockchain or distributed ledger tech (DLT)-enabled logistics platform. The DLT-based solution is being created for… Read More

April 5, 2020 @ 6:46 pm By Omar Faridi  |  

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

April 5, 2020 @ 1:29 pm By Omar Faridi  |  

Hex Trust has reportedly become the very first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. The integration will allow the blockchain or distributed ledger technology (DLT) platform to be used by Hex Trust’s virtual asset custody solution. R3… Read More

April 4, 2020 @ 10:11 pm By Omar Faridi  |  

UP Fintech Holding Ltd, a major digital brokerage company focusing on global Chinese investors, has confirmed that it’s entering the wealth management and technology (Wealthtech) business. UP Fintech has introduced a product, called the “Fund Mall,” which offers a new wealth management feature that makes… Read More

April 4, 2020 @ 4:33 pm By Omar Faridi  |  

Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of… Read More

April 3, 2020 @ 8:55 pm By JD Alois  |  

Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020. The approval qualifies the… Read More

April 3, 2020 @ 10:34 am By Samantha Hurst  |  

Global financial services giant JPMorgan recently announced it has established an electronic foreign exchange (FX) trading and pricing engine in Singapore. The launch was notably launched with support from the Monetary Authority of Singapore (MAS). JPMorgan reported that the new trading engine, which was first… Read More

April 2, 2020 @ 9:33 pm By Omar Faridi  |  

Singapore-based Smartly, a Robo-advisory platform, is reportedly planning to close down its business operations, due to intense competition in the wealth management and technology (Wealthtech) industry. Established in 2015 and acquired in 2019 VinaCapital, a Vietnamese investment management company, Smartly’s management has been struggling  to… Read More

April 2, 2020 @ 11:59 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com has announced it is waiving the 3.5% credit card fee for crypto purchases during the next three months (April through June) as well as increasing rebates for essential purchases (food, groceries, and delivery) during the COVID-19 pandemic. Supported brands of… Read More

April 2, 2020 @ 10:41 am By Samantha Hurst  |  

Sony Bank, a Japanese commercial banking group and a subsidiary of Sony Financial, a member of the Japanese electronics giant Sony, has formed a new partnership with remote banking transaction security specialist OneSpan. Through the collaboration, Sony Bank will use OneSpan’s mobile security suite to… Read More

April 1, 2020 @ 11:24 am By Samantha Hurst  |  

CoinEx, a global and professional cryptocurrency exchange service provider, announced on Tuesday it has formed a new partnership with fiat infrastructure provider, Simplex. CoinEx reported that the partnership enables its users to purchase cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC)… Read More

March 31, 2020 @ 3:58 pm By Samantha Hurst  |  

Onchain Custodian, a Singapore-based digital assets custody service, announced on Tuesday it has formed a new partnership with Celsius Network, a cryptocurrency lending, and borrowing platform. The duo reported that the partnership enables Onchain Custodian’s customers to earn a yield on their assets by lending… Read More