Places Asia

South Korea's $90 million investment in blockchain education positions it at the forefront of global technology fostering.

Only a week after India’s first Bitcoin ATM was launched to much fanfare, regional authorities have confiscated the two-way crypto machine and arrested the initiative’s founder, reported Times of India on Oct. 24. Bitcoin ATM Seized The Bitcoin ATM was installed by cryptocurrency exchange Unocoin in a shopping mall in the city of Bengaluru, India’s […]

Japan, the largest cryptocurrency exchange market by daily trading volume, has allowed the local crypto market to self-regulate, demonstrating trust towards the country’s cryptocurrency-related businesses. The decision of the Financial Services Agency (FSA), the main financial watchdog of the country, comes in a period in which two of the biggest digital asset exchanges in its […]

The Internet Mobile Association of India (IMAI) announced Oct. 15 that it would be forming a committee to push more government involvement in the blockchain ecosystem. IAMAI Forms Committee For #Blockchain . The group will identify opportunities and challenges and work with government, industry and #startups to develop the ecosystem. https://t.co/Ciu10RV7Kf @SecretaryMEITY @FinMinIndia @PMOIndia — […]

Singapore-based NEM foundation is opening a blockchain hub in Australia, primarily to educate startups and enthusiasts about the myriad benefits of blockchain technology and digital currencies, reported SmartCompany on Oct.15. NEM Goes to Melbourne Launching in Melbourne, NEM aims to engage businesses and educate the general public about distributed ledger systems, and in particular, the […]

KB Financial Group, a South Korean based financial holding company, has just been awarded a patent for its application security technology, according to a report in South Korean media outlet The Digital Times. Two Degrees of Separation KB Financial has developed technology that separates the security program from the app as a whole – meaning […]

The cryptocurrency exchange sector in Hong Kong may soon see an upheaval, as the city’s Securities and Futures Commission (SFC) explores various aspects of regulating the myriad of cryptocurrency trading bourses operating in the city, reported South China Morning Post on Oct. 15. Hong Kong Exploring Digital Assets Outgoing chairman Carlson Tong Ka-Shing cites investor […]

Despite a blanket ban on cryptocurrencies and related businesses, China’s central bank is employing cryptographers and blockchain engineers to launch a state-issued digital currency presumably, reported South China Morning Post on Oct. 12. BitYuan Soon? As per vacancies observed in the People’s Bank of China’s annual hiring list of 2019 for its Digital Currency Research […]

Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges. India’s First Crypto ATM As reported by Inc42, Unocoin CEO Sathvik Vishwanath confirmed the deal after an image of a company-branded ATM circulated the Twitter-verse. The Bengaluru-based […]

South Korean crypto exchange Bithumb sold 38 percent of its stake to a Singapore-based plastic surgeon for $350 million on Oct. 11, as reported by Reuters. Bithumb’s $350 Million Deal Founded in 2013, Bithumb averages over a billion dollars in daily trade volume and lists 52 cryptocurrencies. Its significant liquidity is a result of Korean […]

An independent researcher from the People’s Bank of China (PBoC) argued that China must increase its research efforts in the stablecoin space and support upcoming companies that are exploring a yuan-pegged cryptocurrency. YuanCoin to Arrive? The views were written in an op-ed piece published on Oct. 9 by CN Finance, a magazine wholly-owned by PBoC, […]

Cryptocurrency enthusiasts seeking a “.neo” domain name will now be able to bid on the unique domain suffix as the NEO Name Service (NNS) went live on Oct. 9, according to a tweet. Expanding the NEO Ecosystem The NNS is wholly-developed by the NewEconoLab (NEL), a group of Chinese developers working on open-source projects based […]

GMO Internet Group, a publically listed Japanese Internet company, has recently announced plans to launch a yen-backed stablecoin early next year. The new stablecoin dubbed GMO Japanese Yen will trade under the ticker symbol GJY. The press release also mentions that GMO Internet Group sees three areas of the digital currency space, which are “exchanges”, […]

A research study published on Oct. 5 claimed growing Chinese influence over the Bitcoin protocol is a “looming threat” to the $114 billion network. The paper alleged that China presents a problem to the security, stability, viability of the pioneer cryptocurrency. The Case Against China According to the paper, which was published by Florida International University […]

Rising costs and low profits push Bitmain to highlight manufacturing strength amid IPO preparations.

Last week, CryptoSlate reported on Japan resident Ken Takahashi’s Change.org petition to make Ripple’s XRP the official cryptocurrency of the 2020 Olympic games. At the time the petition had reached over 5K signatures toward a goal of 7,500. It now stands at nearly 12K signatures and has raised the end goal to 15K. Bypassing the […]

Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on Oct. 2, reported Business Korea. After China put forth a resistive stance with their infamous blanket ban on crypto-assets in September 2017, South Korea followed suit and banned […]

Ten months ago, Ken Takahashi started a petition on Change.org to make XRP the official crypto of the 2020 Tokyo Olympic games. Today, it has over 5,200 signatures out of a needed 7,500. Hitting milestones Once created, the petition reached 500 signatures with relative speed, and jumped from 500 to 1,000 in less than 72 […]