Places Asia

This week, the inter-ministerial committee (IMC) of India officially recommended the imposition of what has been considered a blanket ban on crypto assets like bitcoin. According to Reuters, the panel led by finance secretary Subhash Chandra Garg has suggested a fine of $3.63 million and imprisonment for both individuals and businesses that engage in any […]

A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes. The first case of Bitcoin property infringement was resolved in the Hangzhou Digital Court, as first reported […]

China’s leading public blockchain projects, NEO and Ontology, will be working together on establishing the foundation for next-gen internet. In a press release shared with CryptoSlate, the companies said that the partnership will focus on building an open cross-chain platform. China’s blockchain giants come together Blockchain development had just gotten turbocharged in China, where two […]

In Samsung’s latest move into crypto, the electronics juggernaut made the beta version of its blockchain SDK for the Ethereum blockchain available to partner developers. The kit provides additional tools for dApp and blockchain mobile development on the latest Galaxy smartphones. Samsung announced the beta version of its blockchain software development kit (SDK) is available […]

Videos of protestors attempting to enter the research and development center of a Tron partner in China went viral. Justin Sun responded to allegations of inaction related to the Ponzi scheme, masquerading as Tron, which originally stirred protestors into action. Protestors attempted to enter the research and development center of Raybo, a Tron partner in […]

China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. China tightened capital controls in the wake of a shock […]

News about a police raid of Tron’s offices in Beijing has gone viral on Twitter, with many people assuming the company was investigated for scams. However, the situation was vastly exaggerated as the police were called in to protect staff and ease tensions as several protestors gathered in front of the company’s building. Video goes […]

A subsidiary of SK Group, one of the largest conglomerates in South Korea that operates the nation’s biggest telecommunications company SK Telecom, is set to invest in a crypto fund created by ConsenSys. Created by Ethereum co-creator Joseph Lubin, ConsenSys is a New York-based blockchain software development company that focuses on building infrastructure around the […]

Protests against a controversial extradition law resulted in Bitcoin trading at a premium in Hong Kong. BTC has been trading between $75 and $160 over the global average on local exchange Tidebit, with many experts believing an even bigger premium will follow. Protests over controversial law push millions into the streets of Hong Kong Bitcoin […]

Bitcoin has been on a 174-day bull rally since the low of Dec. 15, 2018, when it was trading at $3,150, which has seen its price surge 188 percent reaching $9,070 on May 30. According to some analysts and investors, the upswing may be partially be attributed to the financial crises affecting the world’s biggest […]

The Siam Commercial Bank (SCB), the largest commercial bank in Thailand, retracted a statement about using Ripple’s XRP token. The bank quickly issued a correction saying it had no plans on using XRP “as of now.” SCB hints at XRP integration Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), caused quite a stir after […]

NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020. Often referred to as “Chinese Ethereum,” the project has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference […]

There are signs that Bitcoin mining is beginning to gain a foothold in the United States—a win for the decentralization of the cryptocurrency ecosystem. Considering the looming crypto mining ban, increasing pressure from the U.S.-China trade war, and the Chinese government’s cautious stance towards crypto, the diversification of miners out of the country isn’t surprising. […]

Despite banning cryptocurrency exchanges, China may still have a big influence on the industry. The recent surge—and drop—in bitcoin prices could have been helped by trends coming from the Asian market. China’s influence over Bitcoin Since Sept. 4, 2017, the Chinese government made it illegal for mainlanders to exchange digital currencies. The ban was intended […]

Bitcoin SV surged more than 60 percent over the last few hours following a fake report that Craig S. Wright sent funds from Satoshi Nakamoto’s wallet. Fake news surrounding Bitcoin SV What appeared to be a news alert coming from Coinbull, a Chinese media outlet, had the market rush into buying Bitcoin SV. The coin […]

UPbit, the largest crypto exchange in South Korea, was the only exchange to record a profit in 2018. UPbit is operated by Dunamu, a company heavily invested in by Kakao—one of the most influential internet conglomerates in South Korea. Every other major exchange recorded a substantial net loss, primarily due to the burst of the […]

In a recent report, the Beijing News analyzed a case which involved more than 100 people who were scammed out of 7,000 BTC. Wei Xiao, a council member at the Bank of China Law Research Association, stated that owning bitcoin in China is legal. Although the legal consequences of over-the-counter trading remain uncertain, Xiao suggested […]

One of the largest social media platforms in the world, Chinese-based WeChat, has banned cryptocurrency trading on its platform. According to the company’s updated payment policy, merchants and users who engage in crypto trading will have their accounts terminated from the platform. No more cryptocurrency transactions on WeChat WeChat, the largest messaging and social media […]