Asia

March 16, 2019 @ 9:31 am By Cali Haan  |  

An 18-year-old young man in Japan has been turned over to prosecutors to face allegations he hacked 15 million yen ($134 ooo USD) worth of Mona cryptocurrency from a “digital currency storage website,” Japan Today reports. Police claim this is the first time charges have… Read More

March 15, 2019 @ 5:53 pm By Cali Haan  |  

The disgraced former CEO of the Mt Gox bitcoin exchange, Mark Karpeles, has defeated overwhelming odds by being found not guilty of all but one charge leveled against him by Japan prosecutors, who typically enjoy a 99% conviction rate. The charges, which, according to CNN,… Read More

March 15, 2019 @ 9:35 am By Samantha Hurst  |  

Upbit, a digital asset exchange based in South Korea, announced on Friday it is now listing Crypto.com Chain Token (CRO). According to Upbit, the Crypto.com Chain is a high-performing public blockchain powering Crypto.com Pay, which allows customers to pay for goods and services with cryptocurrency… Read More

March 15, 2019 @ 9:00 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Friday it has formed a partnership with China UnionPay Merchant Services Co., Ltd. (China UMS) to develop customized and efficient digital lending solutions to serve small and micro-sized enterprises (SMEs).  PINTEC reported that it will cooperate… Read More

March 15, 2019 @ 7:05 am By JD Alois  |  

HealthNet Global (HNG), part of the Apollo Hospitals Group, India and Zebra Medical Vision, an AI Imaging software company, have announced a new collaboration that will focus on validating and deploying AI-based tools at scale across India. The Apollo Hospitals Group is Asia’s largest and… Read More

March 14, 2019 @ 2:47 pm By JD Alois  |  

Katipult Technology Corp. (TSXV:FUND and FRA:K10) a software provider for online investment platforms has helped to launch a new crowdfunding platform Carrington RHT Wealth. The platform is a joint venture (JV) between Singapore based RHT Wealth, an advisory firm, and US-based Carrington Group. RHT Group offers professional… Read More

March 14, 2019 @ 2:34 pm By Cali Haan  |  

The Singapore International Commercial Court (SICC) has ruled that cryptocurrency trade platform Quoine must compensate “electronic market maker” B2C2 for reversing highly advantageous trades that resulted from a software glitch, Business Times reports. The decision was issued Thursday in what is reportedly the first legal… Read More

March 14, 2019 @ 2:24 pm By Samantha Hurst  |  

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, announced on Thursday it has formed a new partnership with Alipay, a global payment and lifestyle platform, to allow retailers to accept Alipay transactions in stores across the UK. Barclaycard reported that… Read More

March 14, 2019 @ 10:00 am By Erin Hobey  |  

According to the Securities Commission Malaysia in conjunction with the release of its 2018 Annual Report, the Malaysian capital market continued to play a key role in financing the economy against a backdrop of challenging global market conditions. “Though occasionally tempered by uncertainties stemming from rising… Read More

March 14, 2019 @ 5:56 am By Erin Hobey  |  

Taiwan-based blockchain security company CoolBitX, creator of the Bluetooth mobile hardware wallet for digital assets, the CoolWallet S, has created a tech partnership with the Asia Blockchain and Crypto Association (ABACA), the appointed Self-Regulatory Organization (SRO) of the Philippine government agency Cagayan Economic Zone Authority… Read More

March 13, 2019 @ 2:21 pm By Samantha Hurst  |  

Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion. Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also… Read More

March 13, 2019 @ 8:55 am By JD Alois  |  

Deutsche Börse, Swisscom and Sygnum are partnering on the creation of a “trusted digital asset ecosystem” to build a platform to provide digital asset issuance, liquidity and banking services. The partnership is indicative of the growing acceptance by mainstream finance regarding the potential of distributed… Read More

March 13, 2019 @ 5:36 am By Cali Haan  |  

A lawyer for a company that raised $3.5 million in three ICO (initial coin offerings) fundraises for a crypto product called “AlibabaCoin” has told the Reuters news agency that his clients have agreed to stop using the Alibaba name. The case borough against the firm… Read More

March 12, 2019 @ 9:53 pm By Cali Haan  |  

EY’s Global Innovation Leader says the deployment of distributed ledger tech will be important but relatively slow and unremarkable, Forbes India reports. As well, Paul R Brody says he does not see much practical use for public cryptocurrencies (“Bitcoin or nearly any other cryptocurrency”) in… Read More

March 12, 2019 @ 6:30 am By Erin Hobey  |  

In February the NEM.io Foundation decided to opt for transparency and to “reboot” its operating structure after checking the books and seeing “little to no accountability for funds.” Under the guidance of newly elected president Alex Tinsman, this week the Foundation has made good on its… Read More

March 11, 2019 @ 8:26 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has acquired Australian credit risk solution provider, InfraRisk. PINTEC reported the acquisition represents a new milestone in its international expansion. “With InfraRisk as a wholly-owned unit, PINTEC will further enhance its capability to serve financial… Read More

March 9, 2019 @ 9:52 am By Cali Haan  |  

The South Korean Supreme Prosecutors’ Office has created a task force dedicated to responding to a reported 800% increase in cryptocurrency crime complaints, South Korean news agency Naver reports. The task force, which will reportedly be, “packed…with professional investigators, prosecutors, and investigators as team heads,” was… Read More

March 9, 2019 @ 6:52 am By Samantha Hurst  |  

Crypto.com, a Hong Kong-based payments and cryptocurrency platform, announced on Friday its Crypto.com Chain Token (CRO) has been listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex. According to Crypto.com, the Crypto.com Chain is a “high-performing” native blockchain powering… Read More

March 8, 2019 @ 7:49 pm By Cali Haan  |  

Expert panelists have informed the UN Security Council’s North Korea Sanctions Committee that the tiny country has been hacking global cryptocurrency trading platforms to obtain capital, Nikkei Asian Review reports. This is the first time the panel has addressed the UN Security Council regarding cyberattacks… Read More

March 8, 2019 @ 8:32 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Friday it has formed a partnership with online education platform Xueba100 for installment financing. According to PINTEC, Xueba100 is the one-on-one tutoring brand of Xuebajun that specializes in intelligent online education. The fintech reported that with its… Read More