January 24, 2019 @ 8:41 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has shut down a security token offering (STO) for a “regulatory breach.” MAS said the issuer in question failed to comply with advertising restrictions. Specifically, the STOs legal advisors promoted the offering on LinkedIn calling attention to the offering…. Read More

January 23, 2019 @ 2:36 pm By Cali Haan  |  

Following a meeting of The Executive Committee of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia have announced plans to collaborate on a “joint pilot cryptocurrency” for possible use in cross border banking, Emerati state news agency WAM reports. The initiative is one of seven… Read More

January 23, 2019 @ 12:08 pm By Cali Haan  |  

A Korean exchange called Coinzest accidentally sent users $5.3 million in Bitcoin and Ethereum last week, Cryptonews reports. Coinzest was in the midst of conducting a promotional “airdrop” of a crypto token called WeGameTokens (WGT), but thanks to a “computer error,” the exchange sent users… Read More

January 23, 2019 @ 11:12 am By JD Alois  |  

The Gibraltar Blockchain Exchange (GBX), a regulated token issuance and digital asset exchange, has announced the addition of TRON (TRX) to its Digital Asset Exchange (GBX-DAX). GBX says that TRON has been brought to the GBX-DAX by sponsor firm StratX. The new listing follows the… Read More

January 22, 2019 @ 11:58 pm By Cali Haan  |  

Two executives from the Korean cryptocurrency Komid have been imprisoned for creating fake volume on the exchange in order to deceive investors, Korean media outlet Blockinpress reports. Komid Choi has reportedly been sentenced in Seoul to three year’s imprisonment for fraud and embezzlement, and an accomplice, Park… Read More

January 22, 2019 @ 2:06 pm By JD Alois  |  

Following a Memorandum of Understanding (MOU) which was signed last year, Inditrade Capital and Robocash Group have launched a new short-term consumer lending service in India. Robocash Group says the start of microlending operations by its subsidiary JRG FinCorp. Ltd in India is operating the service… Read More

January 22, 2019 @ 12:00 pm By Zhuling Chen  |  

Make way for the next generation of blockchain crowdfunding Alongside the rise of Bitcoin and other cryptocurrencies, Initial Coin Offerings (ICOs) saw explosive growth in 2017, with more than 1,500 ICOs raising a combined total of over $28 billion in the last two years alone…. Read More

January 21, 2019 @ 8:44 am By JD Alois  |  

Crypto Garage has accepted into the Japanese Financial Services Authority (FSA) Fintech Sandbox program. This is the first blockchain and finance project authorized by the Sandbox. The FSA announced the news in a release which was followed by a post by the parent company of… Read More

January 19, 2019 @ 1:19 pm By Xu Gao  |  

Visa Will Establish Asia’s Second Innovation Center in Beijing It is always not easy for payment Giant Visa to enter the Chinese market. Yet, it still does not give up. According to Yu Xueli, president of Visa (Greater China), Visa is planning to set up… Read More

January 19, 2019 @ 10:35 am By Cali Haan  |  

Seven individuals have been arrested in Taiwan and charged with operating a crypto investment scheme police believe defrauded 1000 investors out of $51 million USD, Focus Taiwan reports. The seven are charged with “violating multiple banking and business…laws” covered by Taiwan’s Banking and Multi-Level Marketing Supervision acts. Among… Read More

January 18, 2019 @ 4:13 pm By Cali Haan  |  

Cybersecurity firm Palo Alto Networks’ Unit 42 “global threat intelligence team” has identified a new exploit illegally mining Monero cryptocurrency on Chinese public cloud networks: “Palo Alto networks recently captured and investigated new samples of the Linux coin mining malware used by the Rocke group…. Read More

January 18, 2019 @ 9:22 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

January 18, 2019 @ 8:21 am By JD Alois  |  

Huobi Derivative Market (Huobi DM) reports that trading volume recently surpassed USD $20 billion. Huobi DM says that trading volume topped $10 billion during the first full month of operations. The company notes that trading growth comes at a time of slowing crypto activity. Huobi… Read More

January 17, 2019 @ 10:49 pm By JD Alois  |  

The Institute for Fintech Research, Tsinghua University (THUIFR) has partnered with Ripple to launch the Blockchain Technology Research Scholarship Program (BRSP) for graduate students in China. Based on the academic and industrial research achievement accomplished by Fintech Lab since 2012,THUIFR  is jointly established by PBC… Read More

January 17, 2019 @ 3:02 pm By Cali Haan  |  

Coin Asset, a Thai cryptocurrency exchange is “seeking a way to remain open” after being denied a license by the Thai Securities and Exchange Commission (SEC), Bangkok Post reports: “Coin Asset chief executive Sivanus Yamdee said the company will meet the SEC on Friday to discuss continuing its… Read More

January 17, 2019 @ 1:41 pm By Samantha Hurst  |  

Singapore-based cryptocurrency services platform Ethos announced earlier this week it has released a new update for its Universal Wallet, v1.6. According to Ethos, the update significantly builds on the existing ability to store, send and receive more than 140 coins/tokens, now enabling users to buy crypto with… Read More

January 17, 2019 @ 7:24 am By Erin Hobey  |  

The Indian media platform Inc42 just released its Indian Tech Startup Funding Report 2018. According to the report, during 2018 Indian startups received $11 B total funding across 743 deals. While in 2017, 4 startups took away a little more than half the funding $6.9 Bn, in 2018… Read More

January 15, 2019 @ 8:50 pm By JD Alois  |  

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

January 15, 2019 @ 4:28 pm By Cali Haan  |  

“The business environment is increasingly harsh, but we can still produce a profit.” Two large Japanese IT companies, DMM and GMO, recently closed or considerably shrank their cryptomining operations citing millions in 2018 losses. That hasn’t stopped the Japanese firm Ginco Mongol, whose CEO furnished the… Read More

January 15, 2019 @ 12:18 pm By Cali Haan  |  

Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More