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Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia
30.10.2020
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing...
Mongolia’s largest bank to offer crypto-related services
30.10.2020
The country continues to make slow but sure steps on its way to being a crypto-friendly nation
Fidelity Investments’ crypto arm expands custody to Asia
29.10.2020
Asian Bitcoin investors now have a new custody option
Fidelity Digital Assets Expands Crypto Custody Service to Asia
29.10.2020
The cryptocurrency-focused arm of financial services giant Fidelity Investments is teaming up with Singapore-based Stack Funds to cater to the growing demand for cryptocurrencies in Asia. A new partnership will bring Stack’s regional clients access to the secure custody services provided...
Ripple to Invest in Japan’s SBI Subsidiary MoneyTap
29.10.2020
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings
Cambodia Central Bank Launches Bakong Blockchain Payments System
28.10.2020
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy
DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital
28.10.2020
The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies
Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
27.10.2020
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin...
OKEx users express frustration over suspended withdrawals
20.10.2020
“It's a bit weird one of the biggest exchanges in the world isn't letting us withdraw money for so long,” said one crypto Twitter user
OKEx founder reportedly under investigation as exchange suspends withdrawals
16.10.2020
OKEx founder Star Xu was reportedly questioned by police a week ago
Asia Games 2022 Tickets to Be Issued on Alibaba-run Blockchain Network
16.10.2020
Sports fans heading to the 2022 Asian Games in Hangzhou, China, will need to make use of blockchain technology – with organizers of the two-week-long competition set to issue all tickets using a blockchain network.
Per China News, the organizers have struck a deal with Demai, an online ticketing...
Algorand’s new accelerator program in Europe to issue grants up to $500K
15.10.2020
Algorand taps Europe as the second region for its blockchain accelerator program after Asia
Blockchain Can Give $1.7T Boost to Global Economy by 2030: PwC Report
13.10.2020
A new PwC report claims blockchain technology can add $1.7 trillion to the global economy by 2030, with the Asian continent standing to benefit the most
Former Morgan Stanley exec joins Gemini crypto exchange
8.10.2020
Gemini exchange continues to strengthen its global expansion strategy
LINE Corporation & Theta Network to Launch Video App for Asia Expansion
1.10.2020
Highly-acclaimed subsidiary brand of South Korea’s NAVER Corporation, LINE Corporation of Japan has announced the launch of an innovative video application named ‘THETA.tv for LINE’ in collaboration with Theta Network. The mobile-friendly service will be fueled by Theta’s protocol architecture...
American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’
30.9.2020
American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses that people should...
Chainalysis expands presence in APAC in response to KuCoin hack
29.9.2020
But it remains unclear where KuCoin is actually headquartered
Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
27.9.2020
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry...
East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind
19.9.2020
Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other...