February 7, 2019 @ 9:38 am By Erin Hobey  |  

Last week the NEM.io Foundation made a major move toward transparency and “reboot” of its operating structure after checking the books and seeing “little to no accountability for funds.” “When the new council opened the books on 2018, we saw a lot of talented people… Read More

February 2, 2019 @ 10:09 am By Xu Gao  |  

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

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 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 @ 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 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 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 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

January 18, 2019 @ 8:21 am By JD Alois  |  

Huobi Derivative Market (Huobi DM) reports that trading volume recently surpassed USD $20 billion. Huobi DM says that trading volume topped $10 billion during the first full month of operations. The company notes that trading growth comes at a time of slowing crypto activity. Huobi… Read More

January 17, 2019 @ 1:41 pm By Samantha Hurst  |  

Singapore-based cryptocurrency services platform Ethos announced earlier this week it has released a new update for its Universal Wallet, v1.6. According to Ethos, the update significantly builds on the existing ability to store, send and receive more than 140 coins/tokens, now enabling users to buy crypto with… Read More

January 15, 2019 @ 8:50 pm By JD Alois  |  

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

January 14, 2019 @ 8:12 am By JD Alois  |  

Seeking to boost their prominence as an equity financing hub in Asia, the Monetary Authority of Singapore (MAS) has announced a grant of S$75 million to help businesses raise funding via the Singapore equity market. Singapore is one of the most business-friendly jurisdictions in the… Read More

January 7, 2019 @ 6:00 pm By Lorna Smith  |  

Initial Coin Offerings (ICOs) are booming in offshore financial centres. In 2017, only a small minority of cryptocurrency transactions were taking place offshore but just a year later, according to a study by PriceWaterhouseCoopers and CryptoValley, the Cayman Islands, British Virgin Islands (BVI) and Singapore… Read More

January 3, 2019 @ 9:32 pm By Samantha Hurst  |  

Singapore-based International CryptoX (INCX) recently announced the launch of its new compliance-focused cryptocurrency exchange. INCX revealed it is partnering with Bittrex to use its technology to offer customers a secure, reliable and advanced trading experience. INCX describes itself as an exchange platform that will primarily focus on customers in… Read More

January 3, 2019 @ 2:24 pm By Samantha Hurst  |  

Paytomat, a Singapore-based decentralized crypto payment system, announced on Thursday it has added Bitcoin Diamond (BCD) to its point-of-sale (POS), wallet, and settlement system, which includes both crypto-to-crypto and crypto-to-fiat settlements. Founded in 2016, Paytomat is currently used by more than 300 merchants, brick-and-mortar and e-commerce alike…. Read More

December 31, 2018 @ 8:12 am By Samantha Hurst  |  

Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

December 28, 2018 @ 10:00 am By Samantha Hurst  |  

STO Global-X, a Singapore-based technology company, announced on Thursday the global release of its institutional-grade, end-to-end digital asset exchange solution, STO Global Exchange (STGX). The launch is done through STO Global-X’s partnership with BMI Capital Partners International and Coinstreet Partners. According to STO Global-X, the STGX platform… Read More

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 @ 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