Asia

November 9, 2018 @ 1:08 am By Cali Haan  |  

A principal and vice-principal at a middle school in Hunan, China have been caught and punished for using school rooms and school electricity to mine the cryptocurrency Ethereum, HK01 reports. The story reportedly began when a cousin of Principal Lei Hua of the Puman Middle… Read More

November 8, 2018 @ 9:15 pm By Samantha Hurst  |  

Singapore-based private investment platform Fundnel announced on Thursday it has officially expanded into Malaysia. According to Fundnel, the launch was officiated by Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC) at a private event in the city center. Fundnel reported that Fundnel Malaysia will… Read More

November 8, 2018 @ 10:23 am By Cali Haan  |  

On November 3rd, hackers successfully sandwiched crypto-stealing code into the middle of a popular web traffic-measuring plugin from StatCounter, which is now used on more than two million websites, including government sites, WeLiveSecurity reports. Because the infected software creates a new bitcoin address for every site… Read More

November 8, 2018 @ 9:04 am By Samantha Hurst  |  

Singapore-based ride-hailing company Grab announced on Thursday it has teamed up with KASIKORNBANK (KBank) to introduce GrabPay by KBank, a co-branded mobile wallet, as well as a suite of other financial solutions in Thailand. Grab reported that through the new partnership, it marks the expansion of its… Read More

November 7, 2018 @ 8:37 am By JD Alois  |  

Securitize has formed a new partnership with AmaZix – a community engagement platform for crypto projects. Securitize is a compliance platform for issuance and the management of digital securities on the blockchain. This new affiliation is said to “transform fundraising for blockchain startups, by making… Read More

November 6, 2018 @ 10:53 pm By Cali Haan  |  

At least six banks in Pakistan have frozen their customers’ bank and credit cards and have suspended international remittances in the wake of news that, “almost all major Pakistani banks’ (customer data)” was hacked in recent security breaches, Geo News reports. According to Captain Mohammad… Read More

November 6, 2018 @ 8:17 pm By Cali Haan  |  

Cybersecurity researchers in Japan say they have unearthed digital traces that could lead them to the hackers responsible for the September 14th theft of $60 million USD in cryptocurrencies from the licensed Japanese crypto exchange Zaif. The attack in question took place over two hours… Read More

November 6, 2018 @ 10:10 am By Samantha Hurst  |  

Coinsuper, a Hong Kong-based cryptocurrency exchange, announced on Tuesday it has formed a strategic partnership with Weever FinTech, the crypto trading arm of CASH Financial Services Group (CFSG, SEHK: 510). This news comes just after Weever launched its new platform. Founded in 2017, Coinsuper is described as… Read More

November 6, 2018 @ 9:51 am By JD Alois  |  

Announced last week during Hong Kong Fintech Week, the Hong Kong Exchange (HKEX) has partnered with “Digital Asset” to incorporate blockchain tech as part of the trading process. In a speech by Charles Li, the Chief Executive of HKEX, the successful testing of a prototype… Read More

November 5, 2018 @ 9:55 pm By JD Alois  |  

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

November 5, 2018 @ 3:04 pm By Cali Haan  |  

As part of ongoing government efforts to quash initial coin offerings (ICOs) in China, the People’s Bank of China (PBoC) has extended prohibitions to cover “airdrops” -the promotional distribution of free cryptographic tokens- which may possibly be being used now in China to circumvent the… Read More

November 5, 2018 @ 2:11 pm By Samantha Hurst  |  

Fintech software provider Temenos (SIX: TEMN) announced on Monday it has teamed up with Shanghai Pudong Development Bank (SPD Bank) to establish an Innovation Lab in Shanghai. Temenos reported that through the partnership, it and SPD Bank will jointly identify market requirements and co-develop a digital ecosystem,… Read More

November 5, 2018 @ 9:07 am By JD Alois  |  

Last week, more than 500 government officials, financial sector professionals and corporate leaders from China and Southeast Asia attended the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit in Chongqing. According to the Monetary Authority of Singapore (MAS), the Summit presented collaboration opportunities on cross-border financial… Read More

November 5, 2018 @ 8:11 am By Cali Haan  |  

Trading cryptocurrencies anonymously is no longer legal in Taiwan, Focus Taiwan reports. The change was made Friday, November 2nd as Taiwan prepares to be evaluated by the Asia/Pacific Group on Money Laundering (APG), which will take place between Nov. 5th and the 16th. Although Taiwan also… Read More

November 3, 2018 @ 6:13 pm By JD Alois  |  

During Hong Kong Fintech Week, the CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, spoke about the benefits and challenges of Fintech. According to Alder: “It is obvious that the pace of change and innovation in financial services is unprecedented. We… Read More

November 3, 2018 @ 5:50 pm By JD Alois  |  

Announced during Hong Kong Fintech Week, the Securities and Futures Commission of Hong Kong issued a statement on their approach which seeks to bring both digital asset portfolio managers and distributors of these “virtual asset funds” under its regulatory purview. Additionally, SFC has released a… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 2, 2018 @ 8:58 am By JD Alois  |  

Securitize, a new platform facilitating security token offerings, has formed a partnership with BnkToTheFuture – an investment platform operating in Hong Kong that has hosted funding rounds for blockchain based firms such as Kraken, BitFinex, BitPay and more. BnkToTheFuture claims over $625 million in funding… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More