Asia

January 31, 2019 @ 3:04 am By Erin Hobey  |  

The NEM.io Foundation, fresh from celebrating its 2M block, announced a much-needed reboot of its operating structure and as part of a newly transparent mission for 2019 after checking the books and seeing “little to no accountability for funds.” Led by newly elected president Alex Tinsman,… Read More

January 30, 2019 @ 8:26 am By Samantha Hurst  |  

Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Tuesday it signed a Memorandum of Understanding (MoU) with Tencent to accelerate the R&D development and deployment of Fintech in Hong Kong by using Tencent’s revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation… Read More

January 29, 2019 @ 11:27 pm By JD Alois  |  

Securitize, Coinstreet Partners, and STO Global-X, a security token exchange platform, have inked a strategic agreement to bring one-stop, end-to-end digital security offering services to the Asian market. Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including… Read More

January 29, 2019 @ 12:21 pm By Cali Haan  |  

Investigators in Japan have found that 40% of 56 key economic indicators used by the government to asses the state of the economy in Japan contain errors, Nikkei Asian Review (NAR) reports. The determination has reportedly cast doubt on President Shinzo Abe’s program of “Abenomics,” which… Read More

January 29, 2019 @ 8:06 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued another warning regarding bogus websites promoting fraudulent cryptocurrency investments that are claimed to be supported by the government of Singapore. MAS provided a single example of a fabricated CNBC site that prominently states: “Singapore Officially Backs a… Read More

January 29, 2019 @ 2:34 am By Erin Hobey  |  

Terra, a project building the next-generation payment system based in Singapore and Korea,  has partnered with South Korean based Fantom, a DAG-based smart contract platform for real-time cryptocurrency payments, to accelerate the mainstream adoption of its stablecoin. Terra and its alliance of eCommerce partners will… Read More

January 26, 2019 @ 2:00 pm By Xu Gao  |  

Winners of the 2018 Global Fintech Venture Competition Announced in Beijing The winners of the 2018 Global Fintech Venture Competition were officially announced at the 3rd China Fintech Conference on January 20, 2019. The 2018 Global Fintech Venture Competition was initiated by Tsinghua IFR, jointly… Read More

January 25, 2019 @ 8:20 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it is launching its next-generation handset financing for China Mobile’s subscribers. PINTEC revealed that it and an undisclosed national consumer financial company that was approved by the China Banking Regulatory Commission will develop a digital lending… Read More

January 25, 2019 @ 7:18 am By JD Alois  |  

As expected, Huobi Derivative Market (Huobi DM)  has added Litecoin (LTC) to their crypto asset contract service. Traders will now be able to go long or short the crypto. Ripple is next on their list. Huobi is making a big push to become the largest… Read More

January 24, 2019 @ 12:21 pm By JD Alois  |  

Huobi Global has dropped their fees “in order to better serve the needs of institutional and professional traders.” As of yesterday, transaction fees are as low as 0.015% for “makers” and 0.025% for “takers” for very high volume transactions. Before the drop in fees, all… Read More

January 24, 2019 @ 8:50 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday its President, Zhou Jing, is now set to lead its international business expansion efforts. According to PINTEC, Zhou has served as the president of the Company since January 2018. From May 2016 to January 2018, she served as the CEO of the Dumiao… Read More

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