NEM (XEM) has bounced solidly in the last few days rising by around 48% in value, according to Coinmarketcap. Of course, the broader crypto market has recently experienced a resurgence in investor interest as crypto stalwart Bitcoin has doubled in value from recent month lows…. Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged nem, nem ventures, xem
Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Wednesday its financial results of 2019’s first quarter. According to Ma Huateng, Chairman and CEO of Tencent, Tencent sustained “healthy user engagement” across its key platforms and saw notable growth in… Read More
Read more in: Fintech, Asia | Tagged asia, china, fintech, tencent
Singapore-based Pundi X announced on Wednesday that its blockchain-powered point-of-sale (POS) solution XPOS has received FCC, CE, KC and UAE TRA certifications. Pundi X claims that the XPOS is the first wireless point-of-sale solution that enables merchants and consumers to do secure digital transactions on… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged asia, certification, pundi x, singapore, xpos
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MoU) to collaborate on Fintech innovation between the two regulatory authorities. The MoU was signed between Norman Chan, Chief Executive of the HKMA, and Veerathai Santiprabhob, Governor… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged bank of thailand, bot, cbdc, central bank digital currency, hkma, hong kong, hong kong monetary authority, norman chan, thailand, veerathai santiprabhob
Bitcoin has been rallying in recent days compelling many followers to declare the crypto winter has ended. Crypto spring is here. Bitcoin recently bounced off of USD $8000.00 and, as of today, hovers around USD $7800.00. BTC started May at about $5300. So what gives?… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged bitcoin, china
HBUS, a US-based digital asset marketplace and part of the Huobi Group, says that crypto adoption is gaining momentum in the US. HBUS was launched in July of 2018 and is part of Singapore-based Huobi Group’s global expansion plans. HBUS surveyed 1067 US citizens during… Read More
Read more in: Blockchain & Digital Assets, Asia, Global, Investment Platforms and Marketplaces | Tagged exchange, frank fu, hbus, huobi group
Greensill, a working capital provider, has received an $800 million investment from the SoftBank Vision Fund, according to a release from the firm. Greensill said the investment “underscores the value of working capital finance as the most advanced means of providing low-cost capital to companies… Read More
Read more in: Fintech, Asia, Global | Tagged greensill, softbank vision fund, uk, united kingdom
Earlier today, KAYA, the native token issued by LATTICE80, was delisted by COSS.io. In February, LATTICE 80 reported that it had “finished the ICO round 2 with $52 million committed” and planned a 3rd round. The Business Times reported that Rune Evensen, CEO of COSS.io,… Read More
Read more in: Fintech, Asia, Global | Tagged kaya, lattice80, marvelstone, singapore
Beijing: unpaid parking fees may be included in your personal credit report Since January 2019, the Beijing Municipal Commission of Transport has introduced digital payments for all curb parking areas in Dongcheng District, Xicheng District and Tongzhou District, and is planning to extend it to… Read More
Read more in: Fintech, Asia, Blockchain & Digital Assets, Featured Headlines, Global | Tagged ant financial, hkma, qedit, wechat, weiyangx, xu gao
GTR Ventures has taken an equity stake in supply chain management and finance platform Octet Europe. Details on the investment were not disclosed. GTR Ventures has offices in both Singapore and London and this is their 10th Fintech focused investment but first in Europe. Octet… Read More
Read more in: Asia, Fintech, Global | Tagged factoring, gtr ventures, kelvin tan, singapore
Singapore based Huobi Global has announced the launch of Huobi Prime Lite, a launch platform for digital assets. As part of the launch, Huobi said that Prime Lite sold 33 million “Thunder Tokens” (TT), the native token of the ThunderCore project (Price Limit: 1 TT… Read More
Read more in: Asia, Blockchain & Digital Assets, Offerings | Tagged huobi group, livio weng, singapore
Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… Read More
Read more in: Blockchain & Digital Assets, Asia, Offerings | Tagged bitfinex, ieo, ifinex, initial exchange offering, leo, tether
Korbit, CPDAX, and GOPAX, three cryptocurrency exchanges in South Korea, announced earlier this week their partnership with CrossAngle to enhance the reliability of their coin listings. According to the trio, CrossAngle has developed a data disclosure platform, Xangle to tackle these problems. Data gathered directly from… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged cryptocurrency, gopax, korbit, south korea
The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More
Read more in: Asia, Fintech | Tagged asia, banking, digital banking, hkma, hong kong, hong kong monetary authority, licenses, ping an oneconnect, welab
The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged bank of thailand, cbdc, central bank digital currency, corda, project inthanon, r3, thailand
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
Read more in: Asia, Fintech | Tagged chinese, expansion, fintech, pintec, singapore
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
Read more in: Blockchain & Digital Assets, Asia, Fintech, Global, Investment Platforms and Marketplaces | Tagged ajeet khurana, australia, singapore, zebpay
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
Read more in: Blockchain & Digital Assets, Asia, Fintech, Global, Insurtech | Tagged ant financial, israel, qedit, vmware
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
Read more in: Asia, Fintech, Global | Tagged cbk, central bank of kenya, event, Kenya, mas, monetary authority of singaore, singapore
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
Read more in: Asia, Fintech, Global, Investment Platforms and Marketplaces | Tagged ceravest, china, fincera, online lending, p2p, peer to peer
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