Asia

May 8, 2019 @ 8:17 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT). PINTEC reported its international headquarters in Singapore will… Read More

May 8, 2019 @ 8:11 am By JD Alois  |  

Crypto exchange Zebpay has opened up trading services to the Australian market with a new office in the Fintech hub of Melbourne.  Zebpay currently claims over 3 million active users. The company is headquartered in Singapore. Zebpay is also extending its Lightning Network to Australia… Read More

May 7, 2019 @ 9:49 pm By JD Alois  |  

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

May 7, 2019 @ 9:44 am By JD Alois  |  

Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July…. Read More

May 6, 2019 @ 10:11 pm By JD Alois  |  

Peer to peer lender Fincera (OTCQB: YUANF) has issued their 2018 year-end results. The Chinese online lender reported top line revenue for the year ended December 31, 2018 at RMB 1,412.0 million (USD $205.7 million), an increase of RMB 388.1 million from RMB 1,023.9 million… Read More

May 6, 2019 @ 12:05 pm By Samantha Hurst  |  

Ideanomics (formerly known as Seven Stars Cloud Group, Inc.) (NASDAQ: SSC), a global fintech and asset digitization services company, announced on Monday it has signed a MoU with Beijing Foton Motor Company (Foton). According to Ideanomics, the agreement for China-based activities is a 2-year deal, at 5… Read More

May 2, 2019 @ 10:48 am By JD Alois  |  

The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful “experiment” of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has… Read More

May 2, 2019 @ 9:15 am By JD Alois  |  

Many cryptocurrency exchanges are lightly regulated or simply not regulated at all. This has led to rampant claims of bogus trading volumes as some exchanges use wash trading or other ploys to boost volume and the appearance of relevance. The Blockchain Transparency Institute has been… Read More

April 29, 2019 @ 12:26 pm By Samantha Hurst  |  

Citi Treasury and Trade Solutions announced last week it has formed a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Citi reported that under the partnership, its corporate clients in Vietnam will be able… Read More

April 29, 2019 @ 7:24 am By JD Alois  |  

AngelHub has received regulatory approval, including two separate securities licenses, according to a report in the SCMP. Based in Hong Kong and part of the burgeoning Fintech scene, AngelHub is the first platform to receive such approval. AngelHub is the creation of the founders of… Read More

April 28, 2019 @ 9:02 am By Xu Gao  |  

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More

April 27, 2019 @ 9:21 am By Cali Haan  |  

Despite several reports that the government of India will not be addressing cryptocurrency legislation and relevant court cases until after the national elections wrap up in July, there is now news that a draft bill to ban cryptocurrencies is being circulated among Indian legislators, The… Read More

April 25, 2019 @ 11:09 am By JD Alois  |  

Crypto security firm has shuffled its executive bench. In a blog post yesterday, Eric Larchevêque, Ledger Executive Chairman & Co-Founder, announced that the company’s President, Pascal Gauthier, has been bumped up to CEO. Larchevêque explained the transition: “With the ever-growing challenge of managing such a… Read More

April 24, 2019 @ 2:08 pm By Cali Haan  |  

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

April 24, 2019 @ 12:00 pm By JD Alois  |  

TrustToken is all in on Stablecoins having just announced four new Stablecoins each backed by fiat currency. TrustToken is launching the following stablecoins: TrueAUD, TrueEUR, TrueCAD, and TrueHKD. As one would expect, these coins represent Australian Dollars, Euros, Canadian dollars and Hong Kong Dollars. TrueAUD… Read More

April 24, 2019 @ 7:57 am By JD Alois  |  

Gifto, a company that completed a $30 million initial coin offering (ICO) in less than a minute, has bailed on Ethereum. In a blog post, Gifto said they have “tremendous respect for the Ethereum community,” but that respect apparently does not transfer over to confidence… Read More

April 23, 2019 @ 12:15 pm By Cali Haan  |  

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

April 23, 2019 @ 8:10 am By Samantha Hurst  |  

Binance, the world’s largest cryptocurrency exchange by volume, has officially launched its services in Singapore. According to TechCrunch, the launch of the service comes just six months after the crypto exchange received an investment from Vertex, a VC firm that is backed by Singapore-based sovereign… Read More

April 22, 2019 @ 9:53 pm By JD Alois  |  

This one is a bit of a mess. Recently, Crowdfund Insider tripped across a press release from a company named “VToken”. In the release, the company claims to have obtained a “US STO License”. To quote the release: “On March 18, 2019, VToken, a world-renowned… Read More

April 21, 2019 @ 9:55 pm By Samantha Hurst  |  

Just a little over seven months after being hacked for an estimated ¥6.7 billion yen ($60 million), Japanese cryptocurrency exchange Zaif is reportedly set to resumed activity. As previously reported, the infamous hack occurred on Friday, September 14th, when the hackers broke into Zaif exchange… Read More