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 region.China Suggests Minting Asia-Wide Digital Yuan Underpinned by Distributed Ledger Technology
Chinese government researchers have proposed the introduction of a new digital currency in Asia in order to reduce the region’s dependence on the U.S. fiat money. The common coin would also help safeguard financial stability while enhancing regional monetary cooperation, they say, quoted by the South China Morning Post this week.
According to Song Shuang, Liu Dongmin, and Zhou Xuezhi from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, the digital token would be pegged to a basket of 13 currencies, including the Chinese yuan, Japanese yen, South Korean won, and those of the 10 members of ASEAN, the Association of Southeast Asian Nations.
Weighting for each could be similar to that of the International Monetary Fund’s special drawing rights that serve as an international reserve asset, the...
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
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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-...
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...
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 ...
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.
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...
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 ...
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...
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...
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...