Asia Crypto News and Headlines
Asia, North Korea, South Korea, Hong Kong, China, Japan, Vietnam, Singapore, Thailand, Indonesia, Malysia, Philippines, Taiwan News
October 28, 4:30 am
| | Binance Appoints New Regional Head for Eastern Europe and Central Asia
Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year.Kyrylo Khomiakov to Manage Binance’s Business in 14 Markets in Central and Eastern Europe and Central Asia
Binance, the largest digital assets exchange by daily trading volume, has appointed Kyrylo Khomiakov as its new regional head for Central and Eastern Europe (CEE) and Central Asia. Until now he was Binance’s General Manager for CEE.
Khomiakov will manage the company’s teams, focus on enhancing products and services and optimizing user experience to grow its business, a press release detailed. He will also oversee Binance’s marketing strategy and contacts with governments.
“Having Kyrylo, who possesses a deep understanding of these local markets and plays an integral role in the Binance organization, taking responsibility for these regions is crucial. This appointment will ensure an effective allocation of our resources to uphold our position in this part of the world,” said Richard Teng, head of regional markets at Binance.
Kyrylo Khomiakov j...
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October 10, 10:00 am
| | China Debuts Digital Yuan Interconnection With Hong Kong Payment System ...
The Chinese digital yuan, China's central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, created by the Digital Currency Research Institute of the People's Bank of China (PBOC), was tested just recen...
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September 12, 1:00 pm
| | Chainalysis Research Points to Central and Southern Asia as Crypto's Nex...
The global crypto adoption is down, but there's more to the story.
Lower middle-income (LMI) countries, for one, have demonstrated an extremely promising crypto adoption trend. This cohort of countries constitutes 40% of the world's population. Hence, if they are the future, they could be a big part of the crypto future, according to Chainalysis' d...
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August 21, 10:00 am
| | Mining Bitcoin on Household Electricity Most Profitable in Asia, Study F...
Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining largely unprofitable throughout Europe. Mining 1 Bitcoi...
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August 06, 1:30 am
| | Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere...
The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,' he described: “With the dollar losing its stranglehold, Asian economies would also likely e...
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July 24, 11:30 am
| | Ripple Committed to Markets With Clear Rules in Asia and Europe After US...
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe, according to media reports quoting Ripple executives...
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July 15, 3:30 am
| | Russia, 10 Southeast Asian Nations Discuss Using National Currencies in ...
Russia is discussing using national currencies in trade settlements with 10 Southeast Asian countries, members of the Association of Southeast Asian Nations (ASEAN), Russian Foreign Minister Sergey Lavrov has revealed. The move comes as more and more countries worldwide are seeking to de-dollarize.Russia and 10 Southeast Asian Nations Explore Natio...
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May 28, 2:00 pm
| | 'Weaponization Project of the Dollar': Asian Countries Talk De-Dollariza...
The future fate of the U.S. dollar continues to dominate financial news, as investor Jim Rogers says the USD's time is 'coming to an end,' and nine Asian countries have been discussing de-dollarization measures in Iran. In other news, an expert has predicted that the price of gold will skyrocket due to economic conditions, and JPMorgan CEO Jamie Di...
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May 27, 6:42 pm
| | FBI Warns of Crypto Human Trafficking Rings in Asia
The United States Federal Bureau of Investigation (FBI) issued a warning on fake job ads that lure people to Southeast Asia, where 'victims are held against their will and forced to commit international crypto scams on unsuspecting victims.'
These scam mills usually put up ads on social media and lure their victims by promising well-paid jobs. Upon...
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May 25, 4:00 am
| | 9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by...
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, Russia's central bank governor and officials from Belar...
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May 14, 2:00 am
| | 10 Southeast Asian Nations Challenge Dollar Dominance With Push for Loca...
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to 'encourage the use of local currencies for economic and financial transactions.' The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them re...
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May 11, 11:09 am
| | Bybit Revs Up Its Sponsorship Game: Backing Safehouse Racegraph in Lambo...
[PRESS RELEASE - DUBAI, United Arab Emirates, May 11th, 2023]
Bybit, the world’s third most visited crypto exchange, is proud to announce its official sponsorship of the Safehouse Racegraph Lamborghini team for Super Trofeo in Asia. This partnership is a thrilling new step for Bybit, as it continues to accelerate toward the future of finance....
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April 21, 11:47 pm
| | Gemini Strengthens its Presence in Asia With a New Office in India
The US-based cryptocurrency exchange - Gemini - announced plans to establish a new engineering hub in Gurgaon, India. This will be the company's second Asian location, as previously it opened an office in Singapore.
The expansion outside the US coincides with the regulatory uncertainty in the States. The CEO of Coinbase - Brian Armstrong - recently...
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April 11, 11:30 am
| | AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand In...
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuatio...
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April 05, 2:00 pm
| | China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malays...
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in National Currencies,...
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February 24, 6:30 am
| | Tencent to Offer Metaverse-Building Services for Asian Markets
Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new 'metaverse-in-a-box' proposal, which aims to facilitate the task of building virtual worlds for third-party companies.
Tencent to Focus on Offering ...
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February 20, 6:17 am
| | Cameron Winklevoss Predicts Next Crypto Bull Run Will be Driven by Asia
On Feb. 20, the crypto pioneer said his working thesis at the moment is that the next bull run is going to start in the East.
He added that it will be a reinforcement of the principle that crypto is a global asset class. Each region can have its own rules and stance on crypto, but ultimately it spans the globe.
The comments come in the wake of a U....
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January 18, 9:00 pm
| | Asian Traders Behind Most Of Bitcoin's Recent Gains, Report Reveals
Data shows most of Bitcoin's recent gains since November 27 have been observed during Asian trading hours, according to a report.
Bitcoin Saw The Most Returns During Asian Trading Hours
As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The ...
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November 30, 8:42 am
| | DCENTRAL Is Bringing its Web3 Conferences to Asia, Starting in Vietnam
[PRESS RELEASE - Miami, Florida, 29th November 2022]
DCENTRAL has earned a reputation for hosting can’t-miss, community-focused Web3 industry conferences like DECENTRAL Miami and DCENTRAL Austin. Building on the huge success of these events, now DCENTRAL is expanding its reach across the globe. In 2023, DCENTRAL will bring its renowned confer...
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October 15, 9:30 pm
| | Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on...
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the reg...
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October 10, 5:30 am
| | Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake...
Li Lin's controlling stake in Huobi, one of Asia's largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi's acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market.Lin's Arrest in 2020 a Key Event for the Huobi Founder
Th...
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August 28, 7:10 pm
| | Bitcoin and Asian Equity Markets' Return Correlation Increased 10x Over ...
Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry.
In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for reg...
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August 26, 1:31 pm
| | How XRP Will Be a Key In Partnership to Send Remittances Across These As...
In recent years, payment company Ripple has seen important growth due to its XRP-based solution On-Demand Liquidity (ODL). In collaboration with exchange platforms and other partners, the company has provided people across the world with an alternative to settle their transactions and leverage multiple use cases.
In contrast with traditional paymen...
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August 25, 12:00 am
| | Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Inv...
DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period.DBS Crypto Customers Bought the Dip
DBS, the largest bank in So...
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August 23, 2:50 pm
| | Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities
The International Monetary Fund (IMF) published a study on the spike in positive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The financial organization claims digital assets began an accelerated integration with the region during the pandemic as more people traded them looking to generate yield.
From 2020 to its all-time hig...
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August 23, 3:30 am
| | IMF Sees Significant Increase in Correlations Between Bitcoin and Asian ...
Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly.IMF Staff on Crypto and Correlation to Asian Equities
The International Monetary Fund (IMF) published a blog post on Monday on cryptocurrency regul...
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June 30, 5:17 pm
| | Asian crypto technology solutions firms ChainUp and HS88 team up to grow...
ChainUp, an end-to-end blockchain technology solutions provider, today announced the signing of a Memorandum of Understanding (MoU) with Korean blockchain company HS88.
Both parties will join forces in blockchain technology development and provide mutual network support for market expansion.
MoU: ChainUp + HS88
Headquartered in Singapore, Chai...
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June 11, 11:35 am
| | More Than Half of Wealthy Asian Investors Held Crypto in Q1 2022: Accent...
Multi-national IT services giant Accenture published a new survey analyzing wealthy Asian investors' portfolios on digital assets, noting that a majority of them are interested in directly or indirectly holding cryptocurrencies. The survey was conducted on the basis of 3,200 participants - from Hong Kong, India, Indonesia, Japan, and more - who hav...
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June 06, 1:47 pm
| | Ripple Partner Nium Successfully Expands into Southeast Asia Thanks to R...
In the recent Ripple Case Study Page update, Nium, a Singaporean-based fintech startup, shared its experience using RippleNet and the successes that the blockchain has brought to the company's business.
RippleNet technology made Nium the first in the region to offer corridors from the Americas to a number of destinations in S...
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May 16, 8:30 am
| | Tezos Foundation Launches Fund to Collect NFT Creations by African and A...
The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation's permanent art collection. Supporting a New Generation of Artists
The Swiss non-profit organization,...
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May 12, 6:16 pm
| | Asia crypto margin trading app MoonXBT integrates XanPool's fiat g...
MoonXBT, a crypto margin trading platform offering up to 150x leverage, announced it has integrated XanPool, a fiat-gateway solution for crypto companies.
By allowing users to buy crypto directly on MoonXBT with fiat, it lowers the entryway for MoonXBT to serve new traders and old users who want to trade more. Users in Asia can now buy and sell cry...
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May 11, 5:28 am
| | Asia Broadband's Holdings Explode by 500% as the Company Continues...
Asia Broadband, Inc. (OTC:AABB) is a resource company centered around the production, supply, and sale of metals, focusing primarily on Asian markets. They acquire highly prospective gold projects in Latin America and then distribute production throughout their extensive global sales network.
Asia Broadband currently holds over $100 million in asse...
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May 10, 3:54 am
| | Tezos Asia entity TZ APAC teams up with NUS Computing to develop blockch...
TZ APAC, an Asia-based blockchain adoption entity supporting the Tezos ecosystem, today announced a partnership with the National University of Singapore School of Computing (NUS Computing) to set up the Centre for Nurturing Computing Excellence.
Led by Associate Professor Tan Sun Teck from NUS Computing, the new Centre will empower students to lea...
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May 02, 7:30 am
| | YGG SEA Partners with Solana Ventures to Supercharge Game Development in...
[PRESS RELEASE - Taipei, Taiwan, 28th April 2022]
YGG SEA has formed a new partnership with Solana Ventures, the investment arm of Solana Labs, that will bolster the Yield Guild Games subDAO’s operations in Southeast Asia. This exclusive strategic agreement will lead to the provision of resources to the region’s game developers and broa...
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April 27, 9:30 am
| | YGG SEA Secures $15M from Marquee Investors to Boost P2E Gaming in South...
[PRESS RELEASE - Taipei, Taiwan, 26th April 2022]
Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), has secured $15 million across two different private funding rounds. It will use the proceeds to boost the adoption of play-to-...
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April 11, 12:52 pm
| | Ripple Seen as Leading Remittance Provider in Association of Southeast A...
A recent report, 'Financial Technology and Inclusion in ASEAN,' cites Ripple as a notable remittance provider. The research undertaken by ASEAN Global Connections and the University of Cambridge notes that the remittance industry saw a shift to digital with start-ups developing new cross-border payments and settlements. The report then cites&n...
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April 06, 2:55 pm
| | HSBC to Allow Wealthy Asian Customers to Invest in the Metaverse (Report...
HSBC, a former cryptocurrency critic, continues with its involvement with the Metaverse after its recent partnership with The Sandbox. The latest initiative will allow certain Hong Kong- and Singapore-based investors to engage with companies focusing on the new emerging trend.
Citing a statement from the bank on April 6, Reuters reported that the ...
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March 22, 2:15 pm
| | Pax World Won the AIBC Asia Award in Dubai, Beating Decentraland and The...
[PRESS RELEASE - Please Read Disclaimer]
Pax.world secured first place in this year’s AIBC award, leaving behind globally renowned names of the industry, such as Decentraland, and The Sandbox.
AIBC 2022
The world’s leading expo for blockchain AI kicked off on the 20th of March, and the first titles have been awarded already. AIBC is a w...
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March 17, 8:10 am
| | Gemie: Building the Future of Asian Entertainment in the Metaverse
The metaverse represents a virtual experience in a digital realm. There are several metaverses that users can engage with depending on what they are seeking.
As of now, platforms of this kind are gradually taking over the US entertainment industry, with top celebrities like Justin Bieber, Snoop Dogg, and Paris Hilton establishing their presence in ...
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March 09, 1:59 am
| | Asia crypto custodian Hex Trust completes SOC 2 certification
Hex Trust, an Asia-based crypto-asset custodian, today announced that it has completed its SOC 2 - SOC for Service Organizations: Trust Services Criteria assessment, conducted by Deloitte.
An auditing standard developed by the American Institute of Certified Public Accounts (AICPA), SOC 2 compliance affirms that Hex Trust’s information securi...
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January 30, 11:54 pm
| | Asian Company Uses Blockchain Technology to Prevent Fraud With COVID-19 ...
The Asia-based medical services company Zuellig Pharma has developed a blockchain platform to improve its vaccine tracking service and prevent accidents that could compromise the public's health.
eZTracker, Zuellig Pharma's management system, guarantees the authenticity of vaccines, preventing the smuggling of medical products and the misappropriat...
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January 18, 9:40 am
| | Crypto.com Adds Jon Russell As Asian Based General Partner
The Singapore-based company, Crypto.com, has hired the former TechChurch and The Ken reporter, Jon Russell as their Asian-based general partner. And with this new development, they hope to expand Fund further.
Crypto.com's $200 million Web 3 fund came into existence in March 2012. As of Monday, intending to expand via the venture arm of investing i...
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