Places Asia

Won Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies. According to a report from BlockMedia, the plan will focus on solving various public welfare problems the province faces and expected to create 44,000 jobs in the next five years. Major Korean […]

Victims of the infamous Mt Gox hack in 2014 are set to receive a record 150,000 Bitcoin reimbursement in the coming months. But that may cause selling pressure as some might cash out their gains. A brief Mt. Gox story As a brief background, the Japan-based Mt. Gox was once the largest crypto exchange on […]

The decentralized finance (DeFi) crypto market has dominated both charts and headlines in the past few months, with some heralding the nascent, yet billion-dollar, crypto sub-sector as the next frontier for attracting capital and retail participants. But while much of the DeFi and “yield farming” activity has been limited to Ethereum-based projects and ERC20 tokens, […]

Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country. Late last year, the Shanghai bank of the People’s Bank of China targeted ICOs, deeming them illegal; earlier this year, there were reports of local governments looking to crack down on local Bitcoin and Ethereum mining […]

If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price. And while NFTs, especially in their current iteration of being tokenized or an in-game asset, are currently attracting both […]

The ongoing rush for “yield farming” in the crypto market has reportedly led to Chinese investors withdrawing funds from exchanges in the country to lock them up on obscure protocols that promise high yields, said local outlet WuBlockchain earlier today. Ethereum withdrawals surge in China Colin Wu, a reporter focused on the local blockchain and […]

A new study from a Japanese crypto exchange showed the country’s crypto fanatics favored Bitcoin ahead of local favorites XRP and Monacoin, with trading volumes for the former significantly higher than the latter two and other altcoins. Bitcoin saw big bets ahead of alts  Yuya Hasegawa, a Market Analyst at Japanese crypto exchange Bitbank, referred […]

Wouldn’t it be weird if the first thing you saw in your morning newspaper was a massive Bitcoin logo? Well, that’s what happened on Aug. 24, when readers of the popular Hong Kong newspaper the Apple Daily were treated to a full-page advertisement promoting the leading cryptocurrency. Genesis Block: Bitcoin will never ditch you We […]

Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC. China tethers up Chainalysis, the on-chain crypto analytics company, provided data for the report. It stated that Chinese investors were transferring more money than allowed out of the country if the numbers were considered. […]

China’s ByteDance and its extremely popular social media app TikTok are in turmoil in the US as President Trump has threatened to ban the application if a merger with a US company, namely Microsoft, does not occur by September 15th. Trump has taken a very aggressive stance against the Chinese control of Tiktok, stating: “Right […]

A prominent Singapore bank said Bitcoin and other public cryptocurrencies present a “new frontier” for contactless payments and digital money, one that’s past their days of being dismissed by bankers. Bitcoin an alternative investment for bankers, says DBS DBS, one of the top banks in Singapore with an estimated $234 billion under management, said in […]

BSN, a Chinese government-backed blockchain platform, has just launched its official international website. The English-language website went live on Aug. 10 with an aim to attract developers to build dApps and run nodes on the six public chains the network consists of. The launch of the website comes weeks after China’s ambitious BSN project forked, […]

A newly-appointed financial regulator in Japan said this week that introducing laws and regulations for Bitcoin trading would impede technical innovation while supporting purely speculative gains, according to Reuters. Bitcoin laws promote speculation Ryozo Himino, the regulator, cautioned the parliament over announcing new laws that ultimately promote cryptocurrency trading. He argued that doing so reduces […]

The developer behind Asuka, a short-lived fork of DeFi project Yearn Finance (YFI), conducted an exit scam this morning, with sources noting the loot was between the range of $30,000-$60,000. Asuka tokens reached over $1,600 in value over the weekend. But — in a reminiscence of Bitconnect — they now trade at under $10.  A […]

Financial market data from South Korean banks will now feature on Chainlink’s decentralized oracles services, as announced at an event in Seoul on Friday. Hyperledger-based CenterPrime — which has access to the APIs of top Korean banks —will now share its data feeds on Chainlink. As a result, app developers can now source their information […]

Six public blockchain nodes will be soon integrated into the Blockchain Service Network (BSN), one of China’s foremost blockchain projects. BSN’s official Twitter handle confirmed the development on June 21. The six nodes are Chainlink, Ethereum, Nervos Network, Iris Network, NEO, and Tezos. BSN is excited to announce the six public chains that will be […]

One of the biggest South Korean cryptocurrency projects will now feature oracles services from a cross-chain data platform. The project stands to benefit Korea’s flourishing crypto sector. ICON to use Band Protocol in dApp landscape South Korea’s largest blockchain network, ICON, has integrated Band Protocol’s cross-chain data oracles to connect verified data to its growing […]

Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative. Coinbase CEO Brian Armstrong called the above an example of why “open finance” was required in today’s environment. “Politically exposed” One year after Hong Kong demonstrators led rallies against an […]