Asia

December 26, 2018 @ 10:53 am By Samantha Hurst  |  

DBS Bank recently announced it has teamed up with Halcyon to launch a new digital marketplace for the trading of sustainably processed natural rubber, HeveaConnect. The Singapore bank revealed: “The HeveaConnect digital marketplace aims to connect natural rubber stakeholders such as farmers, rubber producers and tyre manufacturers… Read More

December 26, 2018 @ 9:25 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Wednesday it has formed a funding sources partnership with Kunming Aotou Economic Information Consulting Co., Ltd. (Kunming Aotou).  Hexindai reported that through this agreement it will assess borrowers that are using its risk management and credit… Read More

December 26, 2018 @ 8:43 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a partnership with Fullerton Credit (FC) to expand digital lending solutions to the Chinese market.  According to PINTEC, FC provides operating and consumer loans for individuals, micro businesses and SMEs, with total cumulative loans disbursed exceeding more… Read More

December 26, 2018 @ 5:51 am By Cali Haan  |  

“An enormous amount of data” collected by the Blockchain Transparency Institute (BTI) in its December 2018 Exchange Volumes Report shows, “clear evidence of wash trading,” across 80% of bitcoin-altcoin pairs on 95% of exchanges: “Based on this data over 80% of the CMC (CoinMarketCap) top… Read More

December 26, 2018 @ 3:27 am By Cali Haan  |  

GMO, a large Japanese Internet-service provider, announced December 25th that it is abandoning the manufacture of hardware for the mining of cryptocurrencies following “extraordinary losses” in the company’s cryptocurrency division in Q4 2018: “After taking into consideration changes in the current business environment, the Company… Read More

December 26, 2018 @ 1:10 am By Cali Haan  |  

Top 100 cryptocurrency exchange KuCoin announced December 21st that it has “disqualified” 10 tokens and is delisting them from trading on the exchange. The affected tokens are: Jibrel Network (JNT) WePower (WPR) Modum (MOD) EthLend (LEND) STK (STK) Asch (XAS) Bread (BRD) BitClave (CAT) Mobius (MOBI)… Read More

December 24, 2018 @ 12:07 pm By Cali Haan  |  

The stubborn Bitcoin satellite-coverage hole over Asia has been closed. Blockstream, a California-based company dedicated to building out Bitcoin infrastructure, has launched the fifth of five planned satellites sent aloft to allow the world to transmit Bitcoin with or without Internet and/or the permission of… Read More

December 24, 2018 @ 7:01 am By Cali Haan  |  

Twenty-eight Chinese blockchain and Fintech companies have found a home at a newly-inaugurated blockchain incubation centre located in the Guangdong Financial High-tech Zone, CSDN reports. The 120 000 square meter ‘”Blockchain + Financial Technology Professional Incubation Centre” will be located in former ‘Foshan Folk Finance… Read More

December 23, 2018 @ 9:40 pm By Cali Haan  |  

The cryptocurrency mania of 2017 was impossible for Wall Street to ignore, but a mainstream avalanche into crypto is easier said than done, and a stampede of clients demanding crypto-based products from their institutional brokers just hasn’t materialized yet, Bloomberg reports. “The market had unrealistic… Read More

December 23, 2018 @ 9:36 pm By Samantha Hurst  |  

Seoul School of Integrated Sciences and Technologies, often known as Assist, reportedly announced on Friday it is now offering an MBA program that is dedicated to cryptocurrency and blockchain technology. According to Bitcoin News, the school described this new course as a master’s degree program… Read More

December 23, 2018 @ 9:28 pm By Cali Haan  |  

Researchers at the Mosaic “cryptoasset data and research platform” have assembled a report showing that Asia is still the centre of the universe when it comes to crypto-price action. The company begins by describing “key headline events” in China, Korea and Japan during the course of… Read More

December 23, 2018 @ 9:55 am By Cali Haan  |  

Cybercrime police in the Indian city of Pune have arrested 10 individuals accused of defrauding 8000 investors in a Bitcoin-related Ponzi scheme called “GB21.” According to The Times of India, the leader of the scheme, Amit Bharadwaj, and his brother Vivek, ran a company called Gain Bitcoin,… Read More

December 22, 2018 @ 2:14 pm By Cali Haan  |  

About one week after its CEO delivered a keynote address to the Korean parliament on the regulation of crypto markets there, the Upbit cryptocurrency exchange’s board chair, finance director and an employee have been indicted for allegedly, “inflat(ing) the volume of transactions by making ($226.2… Read More

December 22, 2018 @ 2:12 pm By Xu Gao  |  

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

December 20, 2018 @ 10:59 pm By Samantha Hurst  |  

Commonwealth Bank of Australia (CBA) announced on Thursday Alipay is now available on its Albert touchscreen devices. CBA claims it will become the first major bank to provide Alipay to customers in store and with nearly 900 million users choosing to pay for goods and… Read More

December 20, 2018 @ 3:05 pm By Samantha Hurst  |  

CoinNess, an Asian cryptocurrency and blockchain information provider, announced on Thursday it is launching a new global growth partner program, called the CNNS Partner Program. The company also reported it will invest $5 million in order to build an international crypto investors’ community, with all the funds going towards rewarding CNNS… Read More

December 19, 2018 @ 2:57 pm By Samantha Hurst  |  

Singapore-headquartered Locus Chain Foundation, the developers of a next-generation blockchain protocol, announced on Wednesday it will launch an innovative digital asset exchange platform, Locus DAX in Dubai, during the first quarter of 2019. According to Locus Chain Foundation, Locus DAX will allow users to buy, sell… Read More

December 19, 2018 @ 6:19 am By JD Alois  |  

InstaReM says it is introducing a new feature to its money transfer platform that improves payments from SMEs. The company states that users in Southeast Asia making regular overseas payments to vendors, suppliers, and service providers, can now do so more quickly, transparently and at… Read More

December 18, 2018 @ 8:43 pm By Cali Haan  |  

A 24-year-old alleged “scam artist” who characterizes himself as a Robin Hood-type has been arrested in Hong Kong for chucking a torrent of hundred dollar bills off a skyscraper in the Sham Shui Po neighborhood, one of Hong Kong’s poorest, Shanghaiist reports. Videos from the… Read More

December 18, 2018 @ 2:05 pm By Cali Haan  |  

The Hong Kong Stock Exchange appears to be reluctant to approve crypto mining giant Bitmain’s application to go public there, possibly because the 2018 bear market is highlighting unreliability in crypto markets. “What they are doing is they are just dragging the case right now,”… Read More