Places Asia

According to the People’s Daily on Sept. 28, 2018, JD Finance, a division of the Beijing-based e-commerce goliath JD.com (Jingdong Group), recently founded the Smart City Research Institute at its Nanjing headquarters. A smart city is generally an urban area that ultilizes various forms of electronic information collection sensors in order to provide data used to manage […]

The government of China and its central bank the People’s Bank of China (PBoC) enforced a strict crypto trading ban in September 2017. Yet, the local cryptocurrency market of the country remains active, with hotels, exchanges, and over-the-counter (OTC) trading platforms supporting digital assets. Local authorities have prohibited commercial banks from dealing with overseas crypto […]

Despite China’s infamous blanket ban on cryptocurrencies, Initial Coin Offering (ICO) investing is making a resurgence in the country as Bitcoin Over-The-Counter (OTC) exchanges gain prominence, reported local outlet Sina News on Sept. 26. OTC Market Fueling China’s Crypto Craze Most OTC providers are overseas-registered “shell” companies that bypass local supervision of the cryptocurrency market. […]

Tron will be lifting the lid on its once-enigmatic Project Atlas on Friday, Sept. 28th, giving detail on how its integration of BitTorrent into their recently debuted blockchain will create a “borderless economy” with more than a hundred million users, a press release states. We will go live this Friday (Sep. 28) at 7 PM […]

Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. Korea’s Blockchain Push As reported by Business Korea on Sept. 27, the third generation platforms look to build what Ethereum couldn’t, and primarily tackle […]

Yi He, the co-founder and Chief Marketing Officer at Binance, spoke to CryptoSlate in an exclusive interview on how the exchange decided to launch a fiat-enabled trading platform in Singapore, discussed the country’s regulatory frameworks around crypto, and the state of the cryptocurrency market. Since its debut in mid-2017, Binance has experienced exponential growth in […]

Despite a formal crackdown on foreign-made financial products, North Korea is increasingly utilizing cryptocurrencies to circumvent strict U.S. sanctions, reported Asia Times on Sept. 24. North Korea Adopts Bitcoin Spearheading the revelations are two Washington D.C.-based financial analysts, Lourdes Miranda and Ross Delston, who command expertise in combating terrorist financing and anti-money laundering (AML). The […]

Japanese cryptocurrency exchange Mt. Gox has another mountain to climb as a court-ordered civil rehabilitation pressure the company into near-bankruptcy. Mt Gox trustee Nobuaki Kobayashi, who procured the nickname “Tokyo Whale,” during the peak of his company’s extravagant bitcoin delegation, sold 24,658.00762 Bitcoin (BTC) and 25,331.00761 Bitcoin Cash (BCH) between March 18 and June 22 . That’s a […]

Monday’s segment of CNBC Cryptotrader entitled ‘The Future of the Utility Token,” one of the guests made a bold prediction on the crypto market. Kira Sun, an investment manager at China-based blockchain investment firm BlockVC, stated that he believes the bear market on Bitcoin to be at an end, but that altcoins will take longer […]

Qtum celebrated its first birthday with a bang, doubling down on the ambitions of its 2019 roadmap and releasing its “game-changer” 0.16 update, designed to scale the network to 50,000 transactions per second through lightning networks. A marriage of Ethereum Virtual Machine (EVM) functionality and Bitcoin’s established UTXO security measures, the project has traditionally sold itself […]

Bitmain, one of the largest cryptocurrency mining ASIC manufacturing companies, announced on Sept. 21 the release of new SHA-256 mining rigs at the World Digital Mining Summit in Georgia. SHA-256 is a common cryptographic encryption algorithm used in several industries and is what Bitcoin uses to secure its network. Bitmain’s most recent SHA-256 ASIC is the Antminer […]

XRP, the native cryptocurrency of the Ripple network is up another 10 percent as investors speculate on what has caused its price to nearly triple in the past week. According to prominent investors and analysts, the staggering 155 percent price increase of Ripple in the last seven days from $0.27 to $0.69 is largely attributable […]

While the Japanese cryptocurrency exchange Zaif faces backlash following a Sept. 14 hack, the NEM.io Foundation, known for the NEM blockchain platform and XEM token, has reassured its asset holders that it remains unaffected. Nem Suspends Zaif Withdrawals During the hack, holdings in Bitcoin (BTC), Bitcoin Cash (BCH) and MonaCoin (MONA) were subject to stolen funds. […]

Changpeng “CZ” Zhao quietly offered a utopian forecast for the cryptocurrency industry and his ubiquitous cryptocurrency exchange, Binance–which he revealed is becoming increasingly institutionally oriented and will launch five to 10 fiat-to-crypto operations in nearly every continent. Speaking at Consensus Singapore, the Binance chief whip suggested that the regulatory breakthroughs seen last week have now […]

Huobi announced on its blog Wednesday that it would be launching the third phase of its Huobi Global Elites program, another step toward building what it calls a “Global Blockchain Resource Alliance.” The Global Elites Initiative Huobi is expanding its reach into the global market by partnering with businesses and organizations through blockchain resources and/or access to a […]

Changpeng Zhao, CEO of cryptocurrency exchange platform Binance, slipped Saturday, Sept. 15, that his company would be launching a fiat cryptocurrency exchange in Singapore today. I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting! https://t.co/Hzo6jLLkfS — CZ Binance […]

South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. The new system will allow LG U+ customers to buy products using their mobile phones at certain retailers in Taiwan […]

Blockchain exchange provider Huobi Cloud revealed a bold move into the realm of online gaming Monday, Sept. 17, via an official press release stating the company’s intent to partner with BlockGames. Will Video Games Popularize Blockchain Technology? The new project, called BG.top, is hosted by BlockGames and backed by Huobi and, according to its website, aims […]